Pune, India -- (SBWIRE) -- 03/07/2019 -- Large populations of Asia Pacific region coupled with rising disposable incomes to propel the e-commerce sector which would drive the fourth party logistics market

Asia is home for nearly 3.5 Bn people, and presently, GDP per capita is 6,799 USD which is expected to grow. There are pleasant e-commerce markets within Asian countries such as China, Japan, and India. Also, count of users using online websites for shopping is projected to increase by 2021. This represents 53% of the total population. Such growing internet of users towards e-commerce sector for fashion, electronics, and other products would help the industry to contribute high portion in GDP. Moreover, many of Asia's countries holds a leading position in the world of logistics such as China, Taiwan, Japan, Hong Kong, South Korea, and Singapore. Growing e-commerce industry provides positive opportunities to the 4PL providers across Asia.

The key companies operating in the field of fourth party logistics that are profiled in the report include Allyn International Services, Inc., United Parcel Service of America, Inc., GEFCO Group, XPO Logistics, DHL Group, DB Schenker, DAMCO, LOGISTICS PLUS Inc., GEODIS, and CEVA Logistics among others. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year.

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Segment by Type Insights
The global fourth party logistics market by type was led by solution integrator model segment. The other type of fourth party logistics model include Synergy Plus Operating Model and Industry Innovator Model. The industry innovator model comprises of highest complexity and therefore incurs higher costs to the customers, leading to its slow growth over the forecast period in the fourth party logistics market.

Segment by End-User Insights
The fourth party logistics market by end-user is segmented into Aerospace and Defense, Automotive, Consumer Electronics, Food and Beverage, Industrial, Healthcare, Retail, and Others. Fourth Party Logistics industry is growing at a high rapid pace and successfully introduces new advancements. In a dynamic era, manufacturers are developing diversified product categories, packaging designs, and numerous logistics arrangements which results into astounding amount of complexity creation in the form of expanding product variations, fragmented channels, and rising customer demands for the tailored solutions. Therefore, it is projected to create tremendous opportunities for lead logistics providers in the fourth party logistics market. This are efficient in managing entire supply chain, starting from packaging till last mile delivery.

GLOBAL FOURTH PARTY LOGISTICS - MARKET SEGMENTATION

Fourth Party Logistics Market - By Type
- Synergy Plus Operating Model
- Solution Integrator Model
- Industry Innovator Model

Fourth Party Logistics Market - By End-User
- Automotive
- Healthcare
- Food and Beverage
- Consumer Electronics
- Aerospace and Defense
- Retail
- Industrial
- Others

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