The Logistics Market in Europe is being driven by Booming e-commerce industry in Europe
The Logistics Market in Europe is expected to grow at a CAGR of 3.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 48.4 billion. Logistics providers in Europe are adopting innovative strategies to deliver customer-centric logistics solutions. By engaging in industry dialogues and anticipating future trends, these providers are better positioned to address the unique challenges faced by their clients. The emergence of empowered consumers has necessitated a paradigm shift in supply chain management, with logistics services now focusing on more than just historical order data. Incorporating sales, weather, and customer sentiment data, as well as generating insights from point-of-sale reports, traffic analysis, and market share studies, enables supply chains to align with demand fluctuations. Predictive analytics is increasingly being used to inform strategic decision-making by highlighting, simulating, and forecasting future scenarios.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
185 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.4% |
Market growth 2025-2029 |
USD 48.4 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
3.3 |
Key countries |
Germany, UK, France, Belgium, and Rest of Europe |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The European logistics market is a significant segment of the global logistics industry, encompassing various sectors such as roadways, e-commerce, and trade-related activities. Key trends include the adoption of green logistics solutions, advanced technologies like AI, IoT, and blockchain, and the integration of real-time logistics monitoring systems. Fourth-party logistics, inbound and outbound logistics, reverse logistics, and military logistics are crucial areas of focus. Digital logistics, route optimization, and last-mile delivery are also gaining importance in this sector. Industries served include defense manufacturing, petroleum, food products, and e-commerce. Free trade agreements play a vital role in facilitating trade and shaping logistics strategies.
The European logistics market encompasses revenue generated from roadways, air freight, and logistics services, including package and mail delivery, customs agents, and courier services. According to Technavio, the European logistics market size is determined by the revenues of providers specializing in air freight transportation and logistics solutions. Key growth drivers include the surge in e-commerce activities, particularly cross-border transactions, which necessitate efficient and reliable logistics systems. Additionally, advancements in technology, such as green logistics solutions, logistics monitoring systems, blockchain, artificial intelligence, the Internet of Things, and augmented reality, are revolutionizing transportation infrastructure and enhancing operational efficiency.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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