Global 5PL Solutions Market 2019-2023

The global 5PL solutions market will grow at a CAGR of almost 4% during 2018-2023, and the market size will increase by USD 169.55 million during 2019-2023. The market’s growth momentum is expected to accelerate throughout the forecast period.
APAC was the largest market in 2018, and its position will remain the same during 2019-2023. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America. About 40% of the overall market growth will originate from this region, and China will offer maximum growth opportunities to market participants.
Some of the key findings from our 5PL solutions market forecast report are summarized below
Global 5PL Solutions Market 2019-2023
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Transportation services and warehousing services are the preferred 5PL solutions. Transportation was the most popular 5PL service in 2018, and this segment’s position will remain unchanged throughout the forecast period. During 2019-2023, the growth rate of transportation and warehousing segments will be faster than the global market growth.
The market is fragmented, and the degree of fragmentation is expected to remain the same till 2023. The accelerating growth will provide immense growth opportunities to market participants. To make the most of the opportunities, 5PL companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
This market report provides a detailed analysis of the market by service (transportation, warehousing, and other services) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including CEVA Logistics AG, DB Schenker, Deutsche Post AG, Kuehne + Nagel Management AG, and United Parcel Service Inc.

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