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Fourth-Party Logistics (4PL) Market Share

Report ID: GMI10155
Published Date: Jul 2024
Report Format: PDF

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Fourth-Party Logistics Market Share

DHL Supply Chain, TMC (C.H. Robinson), and CEVA Logistics (CMA CGM) hold a significant market share of over 25% in 4PL industry. The major players are focusing on leveraging advanced technologies and strategic partnerships to enhance their service offerings. They are investing heavily in digital solutions to improve supply chain visibility, data analytics, and automation. By integrating these technologies, they aim to provide more efficient and reliable services, ensuring end-to-end supply chain management. These companies are also expanding their global reach through acquisitions and partnerships, enabling them to offer comprehensive logistics solutions across multiple regions and industries.

Additionally, these key players are prioritizing sustainability and resilience in their operations. They are adopting green logistics practices, such as optimizing transportation routes to reduce carbon emissions and implementing energy-efficient warehousing solutions. The focus on sustainability helps them meet regulatory requirements and also appeals to environmentally conscious customers. In terms of resilience, they are developing more agile and flexible supply chain strategies to mitigate risks and handle disruptions, ensuring continuity and reliability for their clients. This approach helps them maintain a competitive edge in the evolving logistics landscape.

Fourth-Party Logistics Market Companies

Major players operating in the fourth-party logistics (4PL) industry are:

CEVA Logistics
DB Schenker
DHL Supply Chain
DSV Panalpina
Geodis
Kuehne+Nagel
Maersk (A.P. Moller - Maersk)
TMC, a division of C.H. Robinson
UPS Supply Chain Solutions
XPO Logistics

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of fourth-party logistics (4PL) reached USD 69.8 billion in 2023 and will witness over 6.5% CAGR between 2024 and 2032, due to the increase in complexity of global supply chains, driven by extensive cross-border trade.

Fourth-party logistics (4PL) industry from the food & beverages segment is anticipated to witness over 8.5% CAGR from 2024 to 2032, owing to surging consumer preference for fresh, organic, and perishable food items, such as dairy, meat, seafood, and fresh produce.

North America recorded over 35% of the market share in 2023, led by substantial investments to enhance port capabilities and supply chain reliability in the U.S.

CEVA Logistics, DB Schenker, DHL Supply Chain, DSV Panalpina, Geodis, Kuehne+Nagel, Maersk (A.P. Moller - Maersk), TMC, a division of C.H. Robinson, UPS Supply Chain Solutions, and XPO Logistics