Fourth Party Logistics market in the Asia Pacific is expected to grow from US$ 18.75 Bn in 2018 to US$ 32.28 Bn by the year 2027. This represents a CAGR of 6.3% from the year 2019 to 2027.
The increasing complexities in supply chains demanding for outsourced logistics services is fueling the growth of the fourth party logistics market. Moreover, the factors such as the incorporation of dynamic logistics services by retail and consumer electronics end-users, and manufacturers seeking for inbound procurement and supplier collaborations management are anticipated to boost fourth party logistics market growth in the forecast period. The emergence of the fourth party logistics concept has essentially been a move towards removing all the bottlenecks mentioned above in the increasingly complex supply chain environment. Fourth party logistic (4PL) services are also called as supply-chain-as-a-service, where the 4PL providers integrate itself with the customer company's logistics department. This empowers the fourth party logistics market players with a hands-on approach to the entire operations involved in a supply chain ranging from order management to warehousing and compliance regulations to supplier management. A 4PL service provider would act as the single link of the interface between the numerous supply chain providers and the client organization. With this, the 4PL provider manages all the operations with sophisticated resources to optimize and deliver value to its customers.Moreover, the fourth party logistics market players provide the required coordination between OEM sites, contract manufacturer's sites, suppliers, and all other parties involved to fulfill the consumer demands. Thus, the consumer goods industry focus on adopting effective logistic services, which creates significant opportunities for the fourth party logistics market players to play a crucial role.
The retail segment is the leading end-user with the highest market share in Asia Pacific fourth party logistics market. The rapid growth in e-commerce sector coupled with increasing customized demands from the consumers, have propelled the use of lead logistics providers in the supply chain for retail-based goods. 4PL provides strategic vision and greater visibility of inventory, which enable retailers to allocate stocks and meet the customer's need. Also, 4PL helps in replenishing the store with its forward-deployed inventory in small stores, as these lags in having additional space to keep their inventory.
China is anticipated to lead the fourth party logistics market across the Asia Pacific region through the forecast period, followed by the rest of Asia Pacific. China holds a position of world's utmost prominent manufacturer of shoes to heavy machinery. China is a global leader in the manufacturing of passenger cars and commercial vehicles, as well as electronic product assembly. Therefore, China's factories look forward to opting 4PL services to effectively manage all supply chain related operations and thereby to lower capital expenditures. Rest of APAC includes Australia, Singapore, Malaysia, and others. The demand for consumer electronic products in this region in the emerging Asian markets is anticipated to encourage the manufacturing industries in the Asia Pacific region to adopt more new technologies to synchronize with the consumers' expectations. This will lead to the growth of the fourth party logistics market. The figure given below highlights the revenue share of the Rest of Asia Pacific in the fourth party logistics market in the forecast period:
Rest of Asia Pacific Fourth Party Logistics Market Revenue and Forecasts to 2027 (US$ Bn)
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ASIA PACIFIC FOURTH PARTY LOGISTICS MARKET SEGMENTATION
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By Type
• Synergy Plus Operating Model• Solution Integrator Model• Industry Innovator Model
By End-User
• Automotive• Healthcare• Food and Beverage• Consumer Electronics• Aerospace and Defense• Retail• Industrial• Others
By Country
• Taiwan• China• India• Australia• Japan• Rest of Asia Pacific
Fourth Party Logistics Market - Companies Mentioned
• Allyn International Services Inc.• CEVA Logistics AG• DAMCO• DB Schenker• Deutsche Post AG• GEFCO Group• GEODIS• Logistics Plus Inc.• UPS Supply Chain Solutions• XPO Logistics, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
PART 1. iNTRODUCTION
1.1 Scope of the Study
1.2 The Insight partners research report guidance
1.3 market segmentation
1.3.1 Asia Pacific Fourth Party Logistics Market – By Type
1.3.2 Asia Pacific Fourth Party Logistics Market – By End-User
1.3.3 Asia Pacific Fourth Party Logistics Market – By Country
PART 2. key takeaways
PART 3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
PART 4. fourth party logistics market landscape
4.1 market overview
4.2 Ecosystem Analysis
4.3 aSIA PACIFIC pest analysis
PART 5. Fourth party logistics market – key industry dynamics
5.1 key market drivers
5.1.1 Increasing complexities in supply chains demanding for outsourced logistics services
5.2 Key market restraints
5.2.1 Lack of appropriate awareness among the end-users about differences between the 3PL and 4PL service providers
5.3 key market opportunities
5.3.1 Incorporation of dynamic logistics services by retail and consumer electronics end-users
5.3.2 Manufacturers seeking for inbound procurement and supplier collaborations management
5.4 Future trends
5.4.1 Focus on integration of supply chain risk management solutions into the supply chain operations
5.5 impact analysis of Drivers and restraints
PART 6. fourth party logistics – Asia Pacific market analysis
6.1 Asia Pacific Fourth party logistics Market Overview
6.2 Asia Pacific fourth party logistics market Forecast and Analysis
PART 7. Asia Pacific fourth party logistics Market Analysis – By type
7.1 Overview
7.2 Asia Pacific Fourth party logistics Market Breakdown, By Type, 2018 & 2027
7.3 SYNERGY PLUS OPERATING MODEL
7.3.1 Overview
7.3.2 Asia Pacific Synergy Plus Operating Model Revenue and Forecasts to 2027 (US$ Mn)
7.4 Solution Integrator Model
7.4.1 Overview
7.4.2 Asia Pacific Solution Integrator Model Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 INDUSTRY INNOVATOR MODEL
7.5.1 Overview
7.5.2 Asia Pacific Industry Innovator Model Market Revenue and Forecasts to 2027 (US$ Mn)
PART 8. asia pacific Fourth Party Logistics market revenue and forecasts to 2027 – End-User
8.1 Overview
8.2 asia pacific Fourth Party Logistics Market Breakdown, By End-User, 2018 & 2027
8.3 Automotive
8.3.1 Overview
8.3.2 Asia Pacific Automotive Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Healthcare
8.4.1 Overview
8.4.2 Asia Pacific Healthcare Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Food & Beverage
8.5.1 Overview
8.5.2 Asia Pacific Food & Beverage Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Consumer Electronics
8.6.1 Overview
8.6.2 Asia Pacific Consumer Electronics Market Revenue and Forecasts to 2027 (US$ Mn)
8.7 Aerospace and Defense
8.7.1 Overview
8.7.2 Asia Pacific Aerospace and Defense Market Revenue and Forecasts to 2027 (US$ Mn)
8.8 Retail
8.8.1 Overview
8.8.2 Asia Pacific Retail Market Revenue and Forecasts to 2027 (US$ Mn)
8.9 Industrial
8.9.1 Overview
8.9.2 Asia Pacific Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
8.10 Others
8.10.1 Overview
8.10.2 Asia Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
PART 9. asia pacific Fourth party logistics market –country Analysis
9.1 Overview
9.1.1 APAC Fourth Party Logistics Market Breakdown, by Key Countries
9.1.1.1 Australia Fourth Party Logistics Market Revenue and Forecasts to 2027 (US$ MN)
9.1.1.1.1 Australia Fourth Party Logistics Market Breakdown by Type
9.1.1.1.2 Australia Fourth Party Logistics Market Breakdown by End User
9.1.1.2 China Fourth Party Logistics Market Revenue and Forecasts to 2027 (US$ MN)
9.1.1.2.1 China Fourth Party Logistics Market Breakdown by Type
9.1.1.2.2 China Fourth Party Logistics Market Breakdown by End User
9.1.1.3 India Fourth Party Logistics Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.3.1 India Fourth Party Logistics Market Breakdown by Type
9.1.1.3.2 India Fourth Party Logistics Market Breakdown by End User
9.1.1.4 Japan Fourth Party Logistics Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.4.1 Japan Fourth Party Logistics Market Breakdown by Type
9.1.1.4.2 Japan Fourth Party Logistics Market Breakdown by End User
9.1.1.5 Taiwan Fourth Party Logistics Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.5.1 Taiwan Fourth Party Logistics Market Breakdown by Type
9.1.1.5.2 Taiwan Fourth Party Logistics Market Breakdown by End User
9.1.1.6 Rest of APAC Fourth Party Logistics Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.6.1 Rest of APAC Fourth Party Logistics Market Breakdown by Type
9.1.1.6.2 Rest of APAC Fourth Party Logistics Market Breakdown by End User
PART 10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Development
PART 11. key company profiles
11.1 Allyn International Services, Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 CEVA Logistics AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 damco
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 DB Schenker (Deutsche Bahn AG)
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Deutsche Post AG
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 GEFCO Group
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 GEODIS
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Logistics Plus Inc.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 UPS Supply Chain Solutions (United Parcel Service, Inc.)
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 XPO Logistics, Inc.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
PART 12. Appendix
12.1 about the insight partners
12.2 glossary
list of tables
TABLE 1. Asia Pacific fourth party logistics Market Revenue and Forecasts to 2027 (US$ Mn)
TABLE 2. APAC Fourth Party Logistics Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 3. APAC Fourth Party Logistics Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
TABLE 4. Australia Fourth Party Logistics Market Revenue and Forecasts to 2027 –By Type (US$ Mn)
TABLE 5. Australia Fourth Party Logistics Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
TABLE 6. China Fourth Party Logistics Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 7. China Fourth Party Logistics Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
TABLE 8. India Fourth Party Logistics Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 9. India Fourth Party Logistics Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
TABLE 10. Japan Fourth Party Logistics Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 11. Japan Fourth Party Logistics Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
TABLE 12. Taiwan Fourth Party Logistics Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 13. Taiwan Fourth Party Logistics Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
TABLE 14. rest of APAC Fourth Party Logistics Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 15. Rest of APAC Fourth Party Logistics Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
TABLE 16. Glossary of terms, Fourth party logistics market
list of figures
FIGURE 1. Asia Pacific Fourth party logistics market segmentation
FIGURE 2. Asia pacific fourth party logistics market segmentation – BY Region
FIGURE 3. China Fourth Party Logistics market us$ Mn (2018 &2027)
FIGURE 4. fourth party logistics MArket ecosystem analysis
FIGURE 5. asia pacific – pest analysis
FIGURE 6. Fourth party logistics Market Impact Analysis of Driver and Restraints
FIGURE 7. Asia Pacific fourth party logistics Market Forecast and Analysis, (US$ Mn)
FIGURE 8. Asia Pacific Fourth party logistics Market Breakdown By Type, 2018 & 2027 (%)
FIGURE 9. Asia Pacific SYNERGY PLUS OPERATING MODEL Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 10. Asia Pacific Solution Integrator Model Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 11. Asia Pacific INDUSTRY INNOVATOR MODEL Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 12. asia pacific Fourth Party Logistics Market Breakdown, By End-User, 2018 & 2027 (%)
FIGURE 13. Asia Pacific Automotive market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 14. Asia Pacific Healthcare Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 15. Asia Pacific Food & Beverage Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 16. Asia Pacific Consumer Electronics Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 17. Asia Pacific Aerospace and Defense Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 18. Asia Pacific Retail Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 19. Asia Pacific Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 20. Asia Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 21. APAC Fourth Party Logistics Market Breakdown by Key Countries, 2018 & 2027(%)
FIGURE 22. Australia Fourth Party Logistics Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 23. China Fourth Party Logistics Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 24. India Fourth Party Logistics Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 25. Japan Fourth Party Logistics Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 26. Taiwan Fourth Party Logistics Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 27. rest of APAC Fourth Party Logistics Market Revenue and Forecasts to 2027 (US$ MN)
The List of Companies - Asia Pacific Fourth Party Logistics Market
- Allyn International Services Inc.
- CEVA Logistics AG
- DAMCO
- DB Schenker
- Deutsche Post AG
- GEFCO Group
- GEODIS
- Logistics Plus Inc.
- UPS Supply Chain Solutions
- XPO Logistics, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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