Fifth-party (5PL) Logistics Market is Expected to Expand at a CAGR of 6.5% | Scope, Size, and Growth by 2032

The global fifth-party (5PL) logistics market is accounted to register a CAGR of 6.5% during the forecast period and is estimated to reach USD 14.98 billion by 2032.

The fifth-party logistics provider oversees managing supply chain networks. Fifth-party logistics service providers build, organize, and deploy logistics solutions and technology for various clients. Moreover, fifth-party logistics firms combine the shipping requirements of multiple logistics companies. Fifth-party logistics firms act as logistics aggregators for third-party logistics companies, aggregating third-party logistics demands into bulk volumes for better prices.

The expansion of the e-commerce industry, an improvement in the effectiveness of supply chain and management systems, and an increase in international trade are likely to promote the growth of the fifth-party (5PL) logistics market. However, complex supply chains and government laws barriers for logistics companies limit the global market growth. Furthermore, growing technological advancement and the adoption of blockchain are expected to provide attractive growth prospects for fifth-party (5PL) logistics industry participants.

Download Report Sample Copy: https://www.marketresearchfuture.com/sample_request/11673

Segment Analysis

The global fifth-party (5PL) logistics market has been segmented based on application and type.

The global fifth-party (5PL) logistics market has been segmented based on application into e-commerce, traders, logistics companies, and others. The e-commerce segment was expected to hold the largest market share in 2022.

The market is segmented into transportation, warehousing, and other services based on type. The transportation segment was attributed to holding the largest market share in 2022.

Regional Analysis

Based on region, the global fifth-party (5PL) logistics market has been divided into North America, Europe, Asia-Pacific, and the rest of the World. North America consists of US and Canada. The Europe fifth-party (5PL) logistics market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The fifth-party (5PL) logistics market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World’s fifth-party (5PL) logistics market comprises the Middle East, Africa, and Latin America.

Asia Pacific holds the largest global fifth-party (5PL) logistics market revenue share owing to the increased adoption of advanced technologies and the growing e-commerce industry in countries such as China and India. The presence of many small and medium enterprises in the region, coupled with the demand for consumer goods, is further fueling market growth.

Moreover, Europe is expected to exhibit significant growth in the fifth-party (5PL) logistics market due to the increasing adoption of advanced technologies and the demand for consumer products in countries such as the UK, Germany, and France. A well-established logistics infrastructure in the region is further expected to drive market expansion.

The North American fifth-party (5PL) logistics market is predicted to rise significantly throughout the forecast period owing to the increasing need for cost-effective logistics solutions in the region. The growth in the e-commerce industry and the increasing adoption of highly advanced technologies are also expected to propel market development in the region.

Other regions, including Latin America, the Middle East, and Africa, also witness a rise in demand for fifth-party (5PL) logistics, driven by the increasing investments in the logistics sector and the growth of e-commerce activities in these regions.

Ask for Customization: https://www.marketresearchfuture.com/ask_for_customize/11673

Key Findings of the Study

• The global fifth-party (5PL) logistics market is anticipated to reach USD 14.98 billion by 2032, at a CAGR of 6.5% during the forecast period.
• The North American region accounted for the fastest-growing global market due to well-established infrastructure, robust regulatory framework, and a highly mature logistics industry.
• Based on application, the e-commerce segment was attributed to holding the largest market in 2022, with an approximate market share of 38%.
• Bain & Company Inc, 5PL Logistics Solutions, Deloitte, Boston Consulting Group (BCG), Maine Pointe, DHL International, MGL Global Logistics, McKinsey & Company, Toll Holdings Ltd, Renaissance Network Reinvent.

Key Players

The following companies as the key players in the global fifth-party (5PL) logistics market— Bain & Company Inc, 5PL Logistics Solutions, Deloitte, Boston Consulting Group (BCG), Maine Pointe, DHL International, MGL Global Logistics, McKinsey & Company, Toll Holdings Ltd, Renaissance Network Reinvent.

Share Your Queries: https://www.marketresearchfuture.com/enquiry/11673

 About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Related Report

Pharmaceutical Logistics Market

Retail Logistics Market

Sachet Packaging Market

Refrigerated Truck Rental Market

Tags: 5PL Logistics Market, Fifth-party (5PL) Logistics Market, Fifth-party (5PL) Logistics Industry See Campaign: https://www.marketresearchfuture.com/reports/fifth-party-5pl-logistics-market-11673

Contact Information:

Contact: Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com

Tags:
Wire, Research Newswire, English