Pune, Maharashtra -- (SBWIRE) -- 12/11/2019 -- According to the latest report added to the online repository of Wise Guys Reports (WGR) global logistics services will be witnessing growth from 790 million US$ in 2019 to reach 880 million US$ by end of 2024. The extrapolated future growth is predicted at a promising CAGR of 1.9%.

In the present scenario 3PLs provide improved service with wholesome and comprehensive outlook. During the starting years 3PL used to function mainly as stash house and facilitated shipping of the items. Now the new and improved 3PL model is capable of end to end handling of your entire business. This constitutes looking into the entire supply chain cycle along with providing support for sales, ecommerce, order management, customer service and IT integration. There are only a handful of facets in your business for which 3PL cannot provide support. The rest are covered owing to the resources and technology at their disposal that guarantees top performance and more productivity.

4PL is fourth-party logistics provider. It essentially extends 3PL logistics by managing external 3PLs, managing the resources, integrated technological framework and required infrastructure. It aims to build and provide supply chain solutions for businesses for client organizations. The performance of 4PL is an indicator of the value created in the client organization using control of time and place utilities.

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Outsourcing logistics to third party supply specialist chains has gained more footing in the logistics ecosystem driven by ecommerce options. Technological evolution is leveraged to implement improved and efficient vehicle management software, robotics, unmanned vehicles, augmented reality and IoT (Internet of things).

Key Players
The latest report found on WGR, on the global Logistics Services (3PL & 4PL) market has mentioned several noteworthy players ruling the Logistics Services (3PL & 4PL) market. This list includes various prevalent vendors as well as new entrants.

DHL Supply Chain & Global Forwarding
Kuehne + Nagel
DB Schenker Logistics
Nippon Express
C.H. Robinson Worldwide
UPS Supply Chain Solutions
DSV
Sinotrans
CEVA Logistics
Expeditors International of Washington
Dachser
Panalpina
GEODIS
Toll Holdings
J.B. Hunt (JBI, DCS & ICS)
Hitachi Transport System
XPO Logistics
GEFCO
Yusen Logistics
Agility

Global Logistics Services (3PL & 4PL) Market: Segmental Analysis

The global logistics services can be segregated as per product type and application.

Characterized by product type, the global logistics services can be broken down as transportation, warehousing, lead logistics provider services/4PL, value-added services and others. A key trend in the global logistics industry is the provision of value-added services and solutions. The largest logistics providers are categorized by varied service lines, asset ownership models and types of customers they serve.

On basis of application global logistics services are labelled as consumer goods, healthcare, industrial, elements, food, groceries, automotive, technological, retailing and others. Logistics providers are targeting certain industry sectors such as automotive, high-technology and pharmaceuticals to offer additional relevant services to address relevant client needs.

Global Logistics Services (3PL and 4PL) Market: Regional Analysis

Sales depend largely on the geographical scope, revenue, and market landscape along with the competition trend. The regional analysis of global logistics services indicate Asia Pacific to be the largest region in terms of outsourcing the logistics closely followed by Europe and North America. APAC countries have witnessed significant boost in logistics industry and contributed more to the volume generated by sales compared to Europe which comes second in terms of generating sales numbers. Countries such as US, Canada, Mexico, Brazil, Australia, Germany, France, UK, Russia, South Africa, Middle East and others are also making progress in this sector.

Table of Contents

2019-2024 Global Logistics Services (3PL & 4PL) Consumption Market Report

1 Scope of the Report

2 Executive Summary

3 Global Logistics Services (3PL & 4PL) by Players

4 Logistics Services (3PL & 4PL) by Regions

5 Americas

6 APAC

7 Europe

8 Middle East & Africa

9 Market Drivers, Challenges and Trends

10 Marketing, Distributors and Customer

11 Global Logistics Services (3PL & 4PL) Market Forecast

12 Key Players Analysis

13 Research Findings and Conclusion

……Continued

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