Fifth-party Logistics Market – Global Opportunity Analysis and Industry Forecasts, 2022-2025 & 2035 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Fifth-party Logistics Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2025-2035” report has been added to ResearchAndMarkets.com’s offering.
The global fifth party logistics market is expected to be valued at $9.21 billion in 2025, and is projected to reach $17.30 billion in 2035, registering a CAGR of 6.5%.
Europe dominates the market, in terms of revenue, followed by North America, Asia-Pacific, and LAMEA. Europe is expected to dominate the global market, owing to increase in demand for better logistics services. Moreover, strong demand for online retail and rapid economic growth is driving the growth of this market.
U.S. is expected to dominate the global fifth party logistics market share in 2025, the growing e-commerce industry in United States support the fifth party logistics market due to the rising demand of efficient supply chain by manufacturing companies, as well as 3PL and 4PL companies. With the growth of the e-commerce sector in the U.S., start-ups related to on-demand and cloud-based warehousing, such as Stord, Flexe, and Flowspace, are gaining popularity.
These companies are also being awarded long-term projects by their customers and some companies also offer fulfillment services. For instance, in December 2020, Flexe, an on-demand warehousing and technology platform used by retailers, such as Walmart, raised $70 million in funding to make logistics networks more elastic in the U.S.
The prominent factors that drive the growth of the fifth party logistics market include a rise in global trade and an increasing efficiency of supply chains. Moreover, technological advancement and introduction of blockchain is expected to propel the growth of the fifth party logistics market. Countries such as China, India, and Brazil are growing economies.
Thus, the demand for end to end supply chain network management is witnessing prominent growth in these countries, which is expected to provide lucrative opportunities for the growth of the fifth party logistics market in the region.
The market of the fifth party logistics is closely associated with the logistic activities across the globe. The COVID-19 crisis is causing uncertainty in the logistic market by delaying supply chains, hampering business growth and generating uncertain demand scenarios.
By type, the fifth party market is segregated into transportation, warehousing and other services. The transportation segment accounted for the highest revenue in 2025, as companies are continuously fifth party logistics solutions for supply chain optimization and minimizing the transportation cost.
KEY FINDINGS
- By type, the warehousing segment is expected to register a significant growth during the forecast period
- On the basis of application, the logistics companies segment is anticipated to exhibit significant growth in future
- Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period
MARKET DYNAMICS
Drivers
- Development of E-Commerce Industry
- Increase in Efficiency of Supply Chain Management Systems
- Rise in International Trade
Restraints
- Complex Supply Chain
- Government Barriers for Logistics Companies
Opportunities
- Technological Advancements
- Introduction of Blockchain Technology
Impact of Covid-19 on the Market
- Evolution of Outbreaks
- Micro-Economic Impact Analysis
- Consumer Trend
- Technology Trends
- Regulatory Trend
- Covid-19 Impact Analysis
KEY PLAYERS
- 5PL Logistics Solutions LLC
- Toll Holdings Ltd
- DHL International
- Renaissance Network Reinvent
- MGL Global Logistics
- Maine Pointe
- Deloitte
- Bain and Company
- Boston Consulting Group
- McKinsey & Company
KEY MARKET SEGMENTS
By Type
- Transportation
- Warehousing
- Other Services
By Application
- E Commerce
- Traders
- Logistics Company
- Others
By Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
For more information about this report visit https://www.researchandmarkets.com/r/kvp5hw
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