Global 5PL Solutions Market Overview:
During the forecast period, the growing global e-commerce market would significantly contribute to the growth of the 5PL solutions market. China and the United States are major contributors to the global e-commerce industry. The growth of the 5PL solutions market will be accelerated in the coming years due to factors such as increasing Internet penetration and smartphone penetration.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Emergence of Industry 4.0, Penetration of Blockchain in Logistics Market and Growing Requirement for Green Logistics
Market Growth Drivers:
Rise in Global Containerized Cargo Trade and Increasingly Adopting Blockchain Technology for Quick and Accurate Increasing Transparency and Security Requirement
Challenges:
Lack of Awareness
Restraints:
Stringent Government Regulations
Opportunities:
Growth in Emerging Market and growing Internet Penetration and Smartphone Penetration
Competitive Landscape:
There companies that are operating in this industry and heavily investing in technology development. There are various market players are entering this industry to capture market growth opportunities. The market leaders are investing in organic and non-organic strategic growth initiatives to become dominant in this industry.
Some of the key players profiled in the report are CEVA Logistics (Switzerland), DB Schenker (Germany), Deutsche Post (Germany), Kuehne + Nagel Management (Netherlands), United Parcel Service (United States) and 5PL Logistics Solutions (United Arab Emirates).
Latest Market Insights:
In February 2023, GTS Group's logistics service provider, Marinetrans, which specializes in supply chain solutions for ship owners and ship management companies, acquired Door To Deck (D2D), a marine logistics specialist operating in Cyprus and Greece. This strategic move will significantly enhance Marinetrans' footprint in Greece, complementing its existing presence in Athens and solidifying its position in the region.
In October 2022, Snowman Logistics Limited introduced Fifth-Party Logistics (5PL) services in India, becoming the first company in the country to offer this service within the cold chain logistics and supply chain management sector.
What Can be Explored with the 5PL Solutions Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global 5PL Solutions Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in 5PL Solutions
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global 5PL Solutions market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in 5PL Solutions market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, 5PL Solutions Providers, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.