Latest News- Third-Party Logistics Market in Europe: Manufacturing is expected to lead the End-user segment during 2025-2029

The Third-Party Logistics Market in Europe is being driven by Growing complexity of in-house logistics operations

The Third-Party Logistics Market in Europe is expected to grow at a CAGR of 9.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 113.9 billion. In the European logistics sector, third-party logistics providers and shippers are harnessing the power of big data to gain a competitive edge. By transforming vast amounts of data into valuable insights, logistics companies can enhance operational efficiency, improve customer experience, and explore new business models. Big data analytics enables real-time capacity forecasting, resource control, and optimized delivery solutions. However, the European logistics industry faces significant IT infrastructure challenges, limiting the full realization of big data's potential. To capitalize on the benefits of big data, logistics players must address these gaps and embrace advanced analytics tools to streamline core activities, enhance service customization, and foster agility in their operations. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Manufacturing
  • Retail
  • Consumer goods
  • Healthcare
  • Others
• Service
  • Transportation
  • Warehousing and distribution
  • Others
• Mode Of Transportation
  • Roadways
  • Seaways
  • Railways
  • Airways
  • Multimodal transport
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing complexity of in-house logistics operations
• Cost reduction advantages of utilizing 3PL services
• Growth in automobile and auto components industry

However, the market also witnesses some limitations, which are as follows:

• Limited use of Information technology (IT) and regulatory barriers
• High operational costs and competitive pricing
• Shortage of skilled drivers in logistics industry

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Market Scope in Third-Party Logistics Market in Europe Research Report

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Research Analysis Overview

The European Third-Party Logistics (3PL) market encompasses various services including multimodal transport, pallet management, load securing, freight insurance, cargo tracking, yard management, dock scheduling, and warehouse safety. It caters to Business-to-Business (B2B), Business-to-Consumer (B2C), and Omni-channel logistics. Services include logistics software for transportation procurement, carrier selection, rate negotiation, contract negotiation, vendor management, performance monitoring, compliance management, security management, data integration, and cloud-based solutions. Additionally, it offers mobile applications, digital twin technology, simulation and modeling, supply chain resilience, and advanced features like load securing, freight insurance, and cargo tracking.

Market Research Overview

The European third-party logistics market encompasses revenue generated by businesses offering services such as logistics management, freight forwarding, order fulfillment, inventory management, last-mile delivery, and reverse logistics. According to Technavio, the European third-party logistics market size is determined by the earnings of providers in the air freight and logistics sector, which includes tracking of goods from origin to delivery. Market expansion will be fueled by the surge in cross-border e-commerce transactions, where consumers purchase products from overseas, leading to an increased demand for efficient and reliable logistics solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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