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5PL Solutions Market Share

Report ID: GMI9139
Published Date: Apr 2024
Report Format: PDF

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5PL Solutions Market Share

Kuehne+Nagel and DB Schenker hold a significant market share of over 12% in the 5PL solutions industry. These companies They invest in technology and infrastructure to enhance supply chain visibility, optimize routes, and improve last-mile delivery. Moreover, these companies collaborate with startups and research institutions to innovate new solutions, contributing to the evolution and expansion of the 5PL market.

Moreover, these companies leverage advanced analytics, IoT, and automation to optimize supply chain operations, enhance visibility, and ensure efficient delivery. Collaborations with startups and research institutions foster innovation, leading to the development of novel logistics solutions. Furthermore, companies prioritize sustainability, incorporating eco-friendly practices and green technologies to meet evolving customer demands and regulatory requirements, thereby bolstering the overall expansion of the 5PL market.

5PL Solutions Market Companies

Major companies operating in the 5PL solutions industry are:

A.P. Moller - Maersk
Agility
C.H. Robinson
CEVA Logistics
DB Schenker
Expeditors
FedEx Supply Chain
Kuehne+Nagel
UPS Supply Chain Solutions
XPO Logistics

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of 5PL solutions reached USD 3.8 billion in 2023 and will grow at over 13% CAGR between 2024 and 2032, led by the growing demand for transparency and visibility.

5PL solutions industry from the transportation solutions segment will exceed USD 4 billion by 2032, driven by the advent of e-commerce.

North America 5PL solutions market held a revenue share of over 31% in 2023, owing to a well-developed transportation network.

A.P. Moller