Fifth-Party Logistics (5PL) Market: The Global Market Is Expected To Grow At A CAGR Of 6.7% During The Forecasted Period. X Herald

(MENAFN- Ameliorate Digital Consultancy) As per the study initiated by Evolve Business Intelligence, Fifth-Party Logistics (5PL) market size accounted for USD 6.5 Billion in 2022, growing at a CAGR of 6.7% from 2023 to 2033. The concept of a“Fifth-Party Logistics” (5PL) provider is a relatively new and evolving concept in the logistics industry. While the traditional logistics model involves a company outsourcing its logistics operations to a third-party logistics provider (3PL), the 5PL model takes it a step further by managing the entire supply chain on behalf of the client, including coordination and integration of multiple 3PLs and other service providers. The 5PL provider acts as an orchestrator or integrator, leveraging advanced technologies and supply chain expertise to optimize the entire supply chain network.

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Key Highlights:

• Fifth-Party Logistics (5PL) Market size was valued at USD 6.5 billion in 2022 growing at a CAGR of 6.7% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has recently released a new market research report on Fifth-Party Logistics (5PL) Market. The report covers a wide range of aspects, such as market size and forecast, market dynamics, analysis of competitors' market share, value and volume of the market, SWOT analysis, product benchmarking, recent developments of key players, and potential opportunities. Additionally, the market has been assessed based on four indicators in the market dynamic chapter, including Drivers, Restraints, Key Trends, and Challenges.

In terms of COVID 19 impact, Fifth-Party Logistics (5PL) market report also includes the following data points:

• COVID19 Impact on Fifth-Party Logistics (5PL) market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Fifth-Party Logistics (5PL) market

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Key Players

Some of the major Fifth-Party Logistics (5PL) players holding high market share include Bain & Company Inc., 5PL Logistics Solutions , Boston Consulting Group (BCG) , and Maine Pointe. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:

• 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

Segmental Analysis

Market Segment By Type with focus on market share, consumption trend, and growth rate of Fifth-Party Logistics (5PL) Market:

• Transportation
• Warehousing
• Other Services

Market Segment By Application with focus on market share, consumption trend, and growth rate of Fifth-Party Logistics (5PL) Market:

• E-commerce
• Traders
• Logistics Company

Parameters	Details
Market Size (2022)	$ 6.5 Billion
CAGR (2023 to 2033)	6.7%
Market Segmentation	Type, Application
Country Covered	US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America

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Fifth-Party Logistics (5PL) Geographic Coverage:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Nordic Countries
  • Benelux
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of MEA
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Reasons to Buy this Report:

• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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