DUBLIN, Sept. 16, 2019 /PRNewswire/ -- The "North America Fourth Party Logistics Market to 2027 - Regional Analysis and Forecasts by Type; and End User" report has been added to ResearchAndMarkets.com's offering.
The North America fourth party logistics market accounted for US$ 15.19 Bn in 2018 and is expected to grow at a CAGR of 4.1% over the forecast period 2019-2027, to account for US$ 21.54 Bn in 2027.
The technological advancements in the manufacturing sector and the emergence of Industry 4.0 is the key driver that is propelling the growth of the fourth party logistics market. Moreover, the retail and consumer electronics sector focus on adopting dynamic logistics and rising demand for inbound procurement and supplier collaborations by the manufacturing industry are the factors that are expected to boost the fourth party logistics market growth in the forecast period.
Industry 4.0 has led to a complete digital overhaul of the manufacturing sector paving the way for a powerful integration of 4PL. Harnessing the power of sophisticated digital technologies, fourth party logistics market players provide a competitive edge to their client companies by streamlining various supply chain processes.
A majority of the logistics customers and in particular the industrial manufacturing sector today seeks for logistics service providers who are capable of managing their inbound procurement as well as supplier collaborations. Provisioning of inbound raw material supplier solution demands for a multi-tier solution that is capable of computing all required raw material as well as packaging needs. A 4PL solution includes the entire procure-to-pay process, which is managed as a part of their multi-party and multi-echelon network.
Further, a 4PL solution also provisions supply operations planning to its customer that empowers the customer with forwarding forecast planning in the creation of production schedules and raw material plans for each factory that includes third-party co-packers and also contract manufacturers.
Thus, an opportunity for the fourth party logistics market players is created with the manufacturing industry anticipated prospering in the coming years. The fourth party logistics market players are focusing on various initiatives to enhance their capabilities and boost their position in the market.
The fourth party logistics market is fragmented with the presence of several industries, and the competitive dynamics in the market is expected to change during the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies to accelerate the fourth party logistics market further.
Based on end-user, the retail segment is leading the fourth party logistics market and is expected to continue its dominance during the forecast period. In retail, e-commerce, and fast moving consumer goods (FMCG) are considered. Increase in the diverse and complex product demands from customers, super-competitive markets, rising product customizations, and multi-channel retailing are some of the high profile challenges faced by the retail sector.
The other problems faced by the retailers include management and fulfillment of e-commerce transactions, a supply of goods to the airports, shopping malls, and various retail centers inside the city. The portfolio of services under the retail sector provided by lead logistics spans across all various retail outlets, including hypermarkets, supermarkets, convenience stores, kiosks, e-tailers, and department stores.
Key Topics Covered:
1. Introduction
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
4. Fourth Party Logistics Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 North America PEST Analysis
5. Fourth Party Logistics Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Technological Advancements in Manufacturing Sector and Emergence of Industry 4.0
5.2 Key Market Restraints
5.2.1 Confusion among the End-Users while Selecting Between 4PL and 3PL
5.3 Key Market Opportunities
5.3.1 Retail and Consumer Electronics Sector focus on Adopting Dynamic Logistics
5.3.2 Rising Demand for Inbound Procurement and Supplier Collaborations by the Manufacturing Industry
5.4 Future Trends
5.4.1 Emphasis on Risk Management in the Supply Chain Operations
5.5 Impact Analysis of Drivers and Restraints
6. Fourth Party Logistics - North America Market Analysis
6.1 North America Fourth Party Logistics Market Overview
6.2 North America fourth Party Logistics Market Forecast and Analysis
7. North America Fourth Party Logistics Market Analysis - By Type
7.1 Overview
7.2 North America Fourth Party Logistics Market Breakdown, By Type, 2018 & 2027
7.3 Synergy Plus Operating Model
7.4 Solution Integrator Model
7.5 Industry Innovator Model
8. North America Fourth Party Logistics Market Revenue And Forecasts To 2027 - End-User
8.1 Overview
8.2 North America Fourth Party Logistics Market Breakdown, By End-User, 2018 & 2027
8.3 Automotive
8.4 Healthcare
8.5 Food & Beverage
8.6 Consumer Electronics
8.7 Aerospace and Defense
8.8 Retail
8.9 Industrial
8.10 Others
9. North America Fourth Party Logistics Market - Country Analysis
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Development
11. Key Company Profiles
- Allyn International Services Inc.
- CEVA Logistics AG
- DAMCO
- DB Schenker
- Deutsche Post AG
- GEFCO Group
- GEODIS
- Logistics Plus Inc.
- UPS Supply Chain Solutions
- XPO Logistics, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/1ygd0f
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Related Links
http://www.researchandmarkets.com
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article