The logistics and supply chain industries are growing increasingly complex. Because of the increased difficulties, organizations have begun to outsource logistics management. The 5PL is in charge of all of the company's logistics. It works closely with the in-house teams and operates as a close strategic partner to the clients. The Fifth-Party Logistics (5PL) solutions improvise Third-Party Logistics (3PL) and Fourth-Party Logistics (4PL) solutions.
MARKET DYNAMICS
The economy and market circumstances are the primary drivers of the present globalization trend. The shift in global trading patterns makes it easier to transfer goods, resulting in a rise in demand for 5PL logistics services. As a result, the expansion of free trade creates several chances for manufacturers to expand into other developed and emerging economies. These free trade agreements are likely to boost volume shipments in many industrial areas, including as electronics, driving up demand for 5PL solutions. However, due to sophisticated electronics and automotive component manufacturing, 5PL solutions are experiencing rapid expansion, resulting in a considerable need for 5PL logistics solutions.
MARKET SCOPE
The "Global 5PL Solutions Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The 5PL solutions market report aims to provide an overview of the 5PL solutions market with detailed market segmentation by services, application, and geography. The global 5PL solutions market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading 5PL solutions market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global 5PL solutions market is segmented based on services, application. Based on the services, the 5PL solutions market is segmented into transportation, warehousing, and others. Based on application, the 5PL solutions market is segmented into electronic commerce, traders, logistics companies, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global 5PL solutions market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The 5PL solutions market by each region is later sub-segmented by respective countries and segments. The 5PL solutions market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the 5PL solutions market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the 5PL solutions market in these regions.
IMPACT OF COVID-19 ON 5PL SOLUTIONS MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has had a negative impact on the 5PL solutions market. Owing to the restrictions imposed by several government across borders to combat the spread of the virus has adversely impacted transportation and logistics sector immensely. Therefore, the demand for 5PL solutions during COVID-19 experienced a decrease across the globe.
MARKET PLAYERS
The reports cover key developments in the 5PL solutions market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from 5PL solutions market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the 5PL solutions market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the 5PL solutions market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 5PL Logistics Solutions
- Saloodo! GmbH
- Logistics Way
- Deutsche Post AG
- DB Schenker
- Kuehne + Nagel Management AG
- CEVA Logistics AG
- United Parcel Service Inc.
- A.P. Moller - Maersk
- C.H. Robinson
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.