DUBLIN, May 18, 2022--(BUSINESS WIRE)--The "4PL Logistics Market Share, Size, Trends, Industry Analysis Report, By Type, By End-User; By Region; Segment Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global 4PL logistics market size is expected to reach USD 89.95 billion by 2030 according to a new study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing demand for the inbound logistic services majorly by the manufacturing industry, coupled with the rising need for the easy logistics procedure from distributors and producers, are the chief impelling factors for the market growth. Additionally, various organizations are presenting enhanced customer service, flexibility, and overall operating cost, which, in turn, promotes organizations to opt for supply chain vendors.
Furthermore, the potential growth of the e-commerce sector is also boosting the need for these services for the delivery of small and large products that further creates lucrative opportunities for market growth around the world.
Based on the end-user, the retail segment is dominating the global market with the highest revenue shares owing to the introduction of innovative products, as well as the rising trend of e-commerce trading has changed the population's purchasing behaviors, which in turn, leads to the segment dominance globally.
The 4PL supply chain is gaining huge traction across various industries owing to it offering easy supply chain procedures to the companies. The exponential growth of the electronic industries is propelling the industry growth. Consumer electronics manufacturers are more inclined to invest in fourth-party supply chains to offer their customers doorstep delivery services.
Market participants such as 4PL Insights, 4PL Group, Accenture Consulting, Allyn International Services, Inc., United Parcel Service, Inc., CEVA Logistics, DAMCO, C.H Robinson Worldwide, Ltd., DB Schenker, Deloitte, GEFCO Group, Deutsche Post AG, Global4PL Supply Chain Services, Panalpina World Transport, Logistics Plus Inc., and XPO Logistics, Inc. are some of the key players operating in the global industry.
The frequent tactical movements such as mergers & acquisitions, product developments & launches, and others by the prominent industry players support global industry development. For instance, in March 2021, Blue Yonder declared that the TRAXION Logistics- a 3PL and a 4PL operator part of the Grupo TRAXION implemented the Blue Yonder's LuminateTM Control Tower and Transportation Management Solution (TMS), as well as the network design and modeling solutions.
The publisher has segmented the 4PL logistics market report on the basis of type, end-user, and region:
4PL Logistics, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Synergy Plus Operating Model
Solution Integrator Model
Industry Innovator Model
4PL Logistics, End User Outlook (Revenue - USD Billion, 2018 - 2030)
Food & Beverages
4PL Logistics, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
Middle East & Africa
Allyn International Services Inc.
C.H Robinson Worldwide Ltd.
Deutsche Post AG
Global4PL Supply Chain Services
Logistics Plus Inc.
Panalpina World Transport
United Parcel Service Inc.
XPO Logistics Inc
For more information about this report visit https://www.researchandmarkets.com/r/sthl9j
View source version on businesswire.com: https://www.businesswire.com/news/home/20220518005585/en/
Laura Wood, Senior Press Manager
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