Europe Fourth Party Logistics (4PL) Market forecasted market advancement by USD 5406.56 Mn in revenue through 2023-2027

Mergers and acquisitions played an important role in the market development of the 4PL market in Europe. In most cases, 4PL providers use Mergers and Acquisitions to expand their service offerings, expand their geographic reach, preserve assets and technology, secure management talent, increase market share, and more. The Europe Fourth Party Logistics (4PL) Market is estimated to grow by  USD 5,406.56 million with an accelerating CAGR of 5.25% between 2022 and 2027.

Europe Fourth Party Logistics (4PL) Market: Growth Drivers Analysis

When it comes to the adoption of 4PL providers, there are multiple benefits :

• Companies can shift focus to their core competencies instead of drowning in the complexities of in-house logistics. Management departments of various companies focus all their resources on improving their core business encouraging companies to shift their focus to the 4PL.
• Outsourcing logistics by companies also has the advantage of leveraging the expertise of logistics providers, as they optimize the business network and improve the performance of the supply chain, also information management becomes easier. Moreover, the cost and transportation status can be seen at a glance. 
• Mergers and acquisitions play a crucial role in the development of the 4PL market in Europe. 4PL providers use Mergers and Acquisitions to expand their service offerings, expand their geographic reach, preserve assets and technology, secure management talent, and increase market share.
• As per current trends, growing retail sales in Europe will influence the demand for logistics services during the forecast period as logistics play a vital role,  from manufacturing products to delivering goods to retailers.

Thus, growing retail, M&A, and lastly, companies that focus on their core business will lead to increased outsourcing, contributing significantly to the revenue of the Europe Fourth Party Logistics (4PL) Market .

Europe Fourth Party Logistics (4PL) Market Analysis at a Glance

Europe Fourth Party Logistics (4PL) Market: Core Companies Analysis

When it comes to the prominent market players in this segment we did a qualitative analysis of vendors categorizing the vendors as dominant, leading, strong, tentative, and weak in the market landscape.

For example, Accenture Plc offers different 4PL services such as the GT Nexus supply chain collaboration platform along with this it also sells and delivers its services and capabilities to clients across Europe.

Similarly, Allyn International Services Inc. offers trade, logistics, tax compliance services, and different 4PL services such as freight management and invoice audit.

Some prominent names worth mentioning are PL Consultancy Ltd., AP Moller Maersk AS, C H Robinson Worldwide Inc., Central Station AG, CMA CGM SA, Deutsche Post AG, DFDS AS, DSV AS, GEODIS SA, etc. Get a comprehensive report summary describing the market size, growth drivers, trends, challenges, and major market players.