The 5PL solutions market is set to grow from its current market value of more than $3.8 billion to over $11.9 billion by 2034, as reported in the latest study by Global Market Insights, Inc.
Key takeaways:
· Enhanced infrastructure is supporting efficient logistics operations, while global trade complexities are necessitating advanced supply chain management.
· By solution, the warehousing segment will foresee expansion by 2032, attributed to its critical role in storage, inventory management, and order fulfillment.
· In terms of end-user, the 5PL solutions market from the retail and e-commerce segment will record noteworthy share by 2032.
· Asia Pacific 5PL solutions market will register a remarkable CAGR through 2032, owing to rapid industrialization, expanding e-commerce, and infrastructure development.
