4PL Market size in Europe to increase by USD 5.41 billion during 2022 to 2027; Advantages of 4PL boosts the market growth - Technavio

NEW YORK, Feb. 7, 2024 /PRNewswire/ -- The 4PL market in Europe is expected to grow by USD 5.41 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of  5.25% during the forecast period. The market is segmented by end-user (manufacturing, retail, consumer goods, healthcare, food and beverages, and others) and type (solution integrator mode, synergy plus operating mode, and industry innovator mode). The various advantages offered by the 4PL drive the market. Earlier, logistics functions have been handled in-house as companies prefer to exercise control and minimize risk.

However, as complexity within companies increases and competition intensifies, companies shift their focus on their core competencies. Moreover, this encourages companies to shift their focus to the 4PL. Therefore, it is positively impacting the market. Hence, such factors are driving the market growth during the forecast period.

The report analyses the market size and growth and provides accurate predictions on the growth of the market. View Free PDF Sample 

Key Highlights:

• The report recognizes the following as some of the key players in the 4pl market in Europe: 4PL Consultancy Ltd., Accenture Plc, Allyn International Services Inc., AP Moller Maersk AS, C H Robinson Worldwide Inc., Central Station AG, CMA CGM SA, Deutsche Post AG, DFDS AS, DSV AS, GEODIS SA, Kinaxia Logistics Ltd., Kuehne Nagel Management AG, Logistics Plus Inc.,  ROHLIG SUUS Logistics S.A., Stef, United Parcel Service Inc., Wiima Logistics, XPO Inc., and Deutsche Bahn AG
• 4PL Market in Europe is fragmented in nature.
• Market to observe 4.88% YOY growth in 2023.

Market Dynamics:

Trend

• The increase in retail sales is a primary trend in the market. 
• The increasing retail sales in Europe will influence the demand for logistics services.
• Moreover,  balancing inventory levels, retail sales, and logistics services has become increasingly complex which increases the demand for services of a provider with 4PL expertise.
• Therefore, it is positively impacting the market. Hence, such factors are driving the market growth during the forecast period.

Challenges

• The high operational costs and competitive pricing among companies can majorly hinder the growth of the market. 
• Moreover, the increase in the availability of value-added service offerings has increased price-based competition among 4PL service providers in Europe.
•  Therefore, it is negatively impacting the market. Hence, such factors are driving the market growth during the forecast period.

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report

Key Segments:

The market growth by the manufacturing segment is significant during the forecast period.  This segment comprises a wide range of activities and production techniques, from small and medium-sized enterprises employing traditional production techniques to large enterprises producing complex products. In addition, the industry is growing due to technological innovation and government support. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

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The defense logistics (DL) market is estimated to grow at a CAGR of 2.01% between 2023 and 2028. The market size is forecast to increase by USD 3.95 billion.

The dry bulk shipping market is estimated to grow at a CAGR of 4.09% between 2023 and 2028. The market size is forecast to increase by USD 3.64 billion

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by End-user

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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