Global Logistics Services (3PL & 4PL) Market Size By Mode of Transportation (Roadways, Waterways, Railways), By Logistics Provider (3rd Party, 4th party), By Organization Size (Large Enterprise, SMEs), By Geographic Scope And Forecast
Report ID: 318568|No. of Pages: 202
Global Logistics Services (3PL & 4PL) Market Size By Mode of Transportation (Roadways, Waterways, Railways), By Logistics Provider (3rd Party, 4th party), By Organization Size (Large Enterprise, SMEs), By Geographic Scope And Forecast
Logistics Services (3PL & 4PL) Market Size And Forecast
Logistics Services (3PL & 4PL) Market size was valued at USD 924.36 Billion in 2024 and is projected to reach USD 1419.68 Billion by 2031, growing at a CAGR of 5.51% during the forecast period 2024-2031.
The market growth can be attributed to growing consumer inclination towards digital media and the rapidly flourishing e-commerce industry. The Global Logistics Services (3PL & 4PL) Market report provides a holistic market evaluation. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Logistics Services (3PL & 4PL) Market Definition
Logistics Services refer to the management of the flow of goods and services from the point of origin to the point of consumption. This includes the planning, implementation, and control of the movement and storage of goods and services, as well as related information and financial transactions. Third-party logistics (3PL) is a type of logistics service where a company outsources some or all of its logistics operations to a third-party provider. 3PL providers offer a range of services, including transportation, warehousing, inventory management, and order fulfillment.
The main benefit of using a 3PL provider is that it allows companies to focus on their core competencies while the 3PL provider handles the logistics operations. Fourth-party logistics (4PL) is a more strategic type of logistics service where a company outsources all of its logistics operations to a single provider who manages the entire supply chain on behalf of the company. The 4PL provider acts as a “logistics integrator,” coordinating and managing the activities of multiple 3PL providers to ensure seamless and efficient operations. The main benefit of using a 4PL provider is that it allows companies to focus on their core competencies while the 4PL provider handles the entire logistics function.
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Global Logistics Services (3PL & 4PL) Market Overview
The Logistics Services (3PL & 4PL) Market growth is being driven by several factors, including increasing globalization, the rise of e-commerce, the trend of outsourcing logistics operations, and advancements in technology. Additionally, the COVID-19 pandemic has further accelerated the demand for Logistics Services as businesses have had to adapt to disruptions in global supply chains and changing consumer behavior. As a result, the Logistics Services (3PL & 4PL) Market is expected to continue growing in the coming years as businesses seek to optimize their supply chains and improve their operational efficiency.
As businesses expand their operations to new markets and customers, the demand for Logistics Services has grown to facilitate the movement of goods and services across borders. Many companies are outsourcing their logistics operations to third-party providers to reduce costs and improve efficiency, which has led to an increase in demand for logistics services. advancements in technology, such as automation, artificial intelligence, and the Internet of Things (IoT), have enabled logistics providers to offer more efficient and cost-effective services, driving market growth.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Logistics Services (3PL & 4PL) Market. We cover the major impacting factors driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Logistics Services (3PL & 4PL) Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Global Logistics Services (3PL & 4PL) Market Segmentation Analysis
The Global Logistics Services (3PL & 4PL) Market is Segmented on the Basis of Mode of Transportation, Logistics Provider, Organization Size, And Geography.
Logistics Services (3PL & 4PL) Market, By Mode of Transportation
- Roadways
- Waterways
- Railways
- Others
Based on Mode of Transportation, the market is bifurcated into Roadways, Waterways, Railways, and Others. Roadways accounted for the largest market share and is expected to witness high CAGR over the period. Roadways transport includes the movement of goods by trucks, vans, and other vehicles on roads and highways. Logistics Services in this category may include transportation planning, vehicle routing, and tracking, as well as last-mile delivery.
Logistics Services (3PL & 4PL) Market, By Logistics Provider
- 3rd Party
- 4th party
On the Basis of Logistics Provider, the market is bifurcated into 3rd Party and 4th party. The 3PL segment accounted for largest market share in 2022. 3PL providers offer a range of services, including transportation, warehousing, inventory management, and order fulfillment. The main benefit of using a 3PL provider is that it allows companies to focus on their core competencies while the 3PL provider handles the logistics operations
Logistics Services (3PL & 4PL) Market, By Organization Size
- Large Enterprise
- SMEs
On the Basis of Organization Size, the market is bifurcated into Large Enterprise and SMEs. SMEs segment is anticipated to witness the highest CAGR over the forecast period. Small and medium-sized enterprises (SMEs) are increasingly turning to 3PL providers to help them manage their logistics operations. This is driven by several factors, including the need to reduce costs, improve efficiency, and access specialized expertise and technology that may not be available in-house.
Logistics Services (3PL & 4PL) Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Regional Analysis, the Global Logistics Services (3PL & 4PL) Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia Pacific is anticipated to be the largest market for teeth whitening in the coming years owing to its large consumer base. The APAC region is the largest market for Logistics Services globally. The region is home to some of the world’s fastest-growing economies, such as China and India, and has a large population, making it a significant market for e-commerce and consumer goods. APAC has also invested heavily in infrastructure development, including ports, airports, and road networks, to support the growth of logistics services
Key Players
The “Global Logistics Services (3PL & 4PL) Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are DHL Supply Chain, Kuehne+Nagel, FedEx, and UPS among others.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | DHL Supply Chain, Kuehne+Nagel, FedEx, and UPS among others. |
| SEGMENTS COVERED | By Basis of Mode of Transportation, By Logistics Provider, By Organization Size, And By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF GLOBAL LOGISTICS SERVICES (3PL & 4PL) MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL LOGISTICS SERVICES (3PL & 4PL) MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL LOGISTICS SERVICES (3PL & 4PL) MARKET, BY MODE OF TRANSPORT
5.1 Overview
5.2 Roadways
5.3 Waterways
5.4 Railways
5.5 Others
5.6 GLOBAL LOGISTICS SERVICES (3PL & 4PL) MARKET, BY LOGISTICS PROVIDER
5.7 Overview
5.8 3PL
5.9 4PL
5.10 GLOBAL LOGISTICS SERVICES (3PL & 4PL) MARKET, BY ORGANIZATION SIZE
5.11 Overview
5.12 Large Enterprise
5.13 SMEs
6 GLOBAL LOGISTICS SERVICES (3PL & 4PL) MARKET, BY GEOGRAPHY
6.1 Overview
6.2 North America
6.2.1 U.S.
6.2.2 Canada
6.2.3 Mexico
6.3 Europe
6.3.1 Germany
6.3.2 U.K.
6.3.3 France
6.3.4 Rest of Europe
6.4 Asia Pacific
6.4.1 China
6.4.2 Japan
6.4.3 India
6.4.4 Rest of Asia Pacific
6.5 Rest of the World
6.5.1 Latin America
6.5.2 Middle East and Africa
7 GLOBAL LOGISTICS SERVICES (3PL & 4PL) MARKET COMPETITIVE LANDSCAPE
7.1 Overview
7.2 Company Market Ranking
7.3 Key Development Strategies
8 COMPANY PROFILES
8.1 DHL
8.1.1 Overview
8.1.2 Financial Performance
8.1.3 Product Outlook
8.1.4 Key Developments
8.2 Kuehne + Nagel
8.2.1 Overview
8.2.2 Financial Performance
8.2.3 Product Outlook
8.2.4 Key Developments
8.3 Nippon Express
8.3.1 Overview
8.3.2 Financial Performance
8.3.3 Product Outlook
8.3.4 Key Developments
8.4 DB Schenker Logistics
8.4.1 Overview
8.4.2 Financial Performance
8.4.3 Product Outlook
8.4.4 Key Developments
8.5 C.H. Robinson Worldwide
8.5.1 Overview
8.5.2 Financial Performance
8.5.3 Product Outlook
8.5.4 Key Developments
8.6 DSV Panalpina
8.6.1 Overview
8.6.2 Financial Performance
8.6.3 Product Outlook
8.6.4 Key Development
8.7 Sinotrans
8.7.1 Overview
8.7.2 Financial Performance
8.7.3 Product Outlook
8.7.4 Key Developments
8.8 Lincare
8.8.1 Overview
8.8.2 Financial Performance
8.8.3 Product Outlook
8.8.4 Key Developments
8.9 XPO Logistics
8.9.1 Overview
8.9.2 Financial Performance
8.9.3 Product Outlook
8.9.4 Key Development
8.10 UPS
8.10.1 Overview
8.10.2 Financial Performance
8.10.3 Product Outlook
8.10.4 Key Development
9 KEY DEVELOPMENTS
9.1 Product Launches/Developments
9.2 Mergers and Acquisitions
9.3 Business Expansions
9.4 Partnerships and Collaborations
10 Appendix
10.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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