The Europe third party logistics market was valued at US$ 327.76 billion in 2022 and is expected to reach US$ 479.85 billion by 2030; it is estimated to register a CAGR of 4.9% from 2022 to 2030.
Third-party logistics is acting as a significant component of e-commerce to manage the issues of inventory, warehousing, packing, tracking, and shipping. In the e-commerce business, third-party logistics providers deliver flexibility and scalability, upgraded technology, and efficiency and specialization. The logistics requirements and services provided by the third-party logistics firms to e-commerce businesses are supply chain management, warehousing, and consolidation services, which help shipping companies in successful order fulfillment. Thus, the growing number of shipments and quality services provided by the provider are driving the third-party logistics market.
Germany is the largest market in Europe in terms of third-party logistic services. The presence of major logistic service providers, such as DHL Deutsche Bahn, in the country is one of the factors driving the market. Moreover, the country is located at the center of Europe, which makes it the center of the logistics industry. Germany has a strong hold on automotive, engineering, chemical, and electrical sectors.
The country is ranked third among the top exporters in the world, accounting for the nation's half economic output. Thus, owing to the factors mentioned above, the annual revenue generated in the 3PL market is higher in the country.
Based on mode of transports, the Europe third party logistics market is segmented into roadways, railways, waterways, and airways. The roadways segment held the largest market share in 2022.
In terms of services, the Europe third party logistics market is segmented into international transportation, warehousing, domestic transportation, inventory management, and others. The domestic transportation segment held the largest market share in 2022.
Based on end user, the Europe third party logistics market is segmented into automotive, healthcare, retail, consumer goods, and others. The others segment held the largest market share in 2022.
By country, the Europe third party logistics market is segmented into Germany, France, Italy, Spain, the UK, and the Rest of Europe. The Rest of Europe dominated the Europe third party logistics market share in 2022.
C H Robinson Worldwide Inc, DB Schenker, DSV AS, GEODIS SA, Kuehne + Nagel International AG, Nippon Express Co Ltd, Sinotrans Ltd, Torello Trasporti Srl, United Parcel Service Inc, and XPO Inc are among the leading companies operating in the Europe third party logistics market.
Surging Adoption of E-Commerce Drives Europe Third Party Logistics Market
Over the last decade, the progress of hardware and the Internet has been directly linked with the adoption of e-commerce. E-commerce has replaced mortar and brick retail in almost all aspects, becoming the preferred medium for marketing, promoting, and purchasing products, goods, and services. As a result, many popular retail stores and brands have launched online shopping platforms. As a result, the volume of overall shipments has increased, ultimately creating demand for shipping services. In the 13 markets evaluated, almost 159 billion packages were transported in 2021, compared to 131 billion packages in 2020, representing a 21% increase.Third-party logistics is acting as a significant component of e-commerce to manage the issues of inventory, warehousing, packing, tracking, and shipping. In the e-commerce business, third-party logistics providers deliver flexibility and scalability, upgraded technology, and efficiency and specialization. The logistics requirements and services provided by the third-party logistics firms to e-commerce businesses are supply chain management, warehousing, and consolidation services, which help shipping companies in successful order fulfillment. Thus, the growing number of shipments and quality services provided by the provider are driving the third-party logistics market.
Europe Third Party Logistics Market Overview
Europe is home to some of the largest automotive, medical device, and machine manufacturing companies. Developed infrastructure and government investments are supporting the 3PL market growth. The federal government invested approximately US$ 14.5 billion throughout the 2020 to modernize and renew Germany's rail infrastructure, a US$ 960 million increase over last year. In addition, Spain has developed Trans-European Transport that connects the country to the Rest of Europe. Further, the growing technological adoption in the European logistics industry is another factor supporting the market growth.Germany is the largest market in Europe in terms of third-party logistic services. The presence of major logistic service providers, such as DHL Deutsche Bahn, in the country is one of the factors driving the market. Moreover, the country is located at the center of Europe, which makes it the center of the logistics industry. Germany has a strong hold on automotive, engineering, chemical, and electrical sectors.
The country is ranked third among the top exporters in the world, accounting for the nation's half economic output. Thus, owing to the factors mentioned above, the annual revenue generated in the 3PL market is higher in the country.
Europe Third Party Logistics Market Revenue and Forecast to 2030 (US$ Billion)
Europe Third Party Logistics Market Segmentation
The Europe third party logistics market is categorized into mode of transports, services, end user, and country.Based on mode of transports, the Europe third party logistics market is segmented into roadways, railways, waterways, and airways. The roadways segment held the largest market share in 2022.
In terms of services, the Europe third party logistics market is segmented into international transportation, warehousing, domestic transportation, inventory management, and others. The domestic transportation segment held the largest market share in 2022.
Based on end user, the Europe third party logistics market is segmented into automotive, healthcare, retail, consumer goods, and others. The others segment held the largest market share in 2022.
By country, the Europe third party logistics market is segmented into Germany, France, Italy, Spain, the UK, and the Rest of Europe. The Rest of Europe dominated the Europe third party logistics market share in 2022.
C H Robinson Worldwide Inc, DB Schenker, DSV AS, GEODIS SA, Kuehne + Nagel International AG, Nippon Express Co Ltd, Sinotrans Ltd, Torello Trasporti Srl, United Parcel Service Inc, and XPO Inc are among the leading companies operating in the Europe third party logistics market.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe third party logistics market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Europe third party logistics market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe third party logistics market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Europe Third Party Logistics Market Landscape
5. Europe Third Party Logistics Market - Key Industry Dynamics
6. Third Party Logistics Market - Europe Market Analysis
7. Europe Third Party Logistics Market Analysis - Mode of Transport
8. Europe Third Party Logistics Market Analysis - Services
9. Europe Third Party Logistics Market Analysis - End user
10. Europe Third Party Logistics Market - Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
- C H Robinson Worldwide Inc
- DB Schenker
- DSV AS
- GEODIS SA
- Kuehne + Nagel International AG
- Nippon Express Co Ltd
- Sinotrans Ltd
- Torello Trasporti Srl
- United Parcel Service Inc
- XPO Inc
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 99 |
Published | June 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 327.76 Billion |
Forecasted Market Value ( USD | $ 479.85 Billion |
Compound Annual Growth Rate | 4.9% |
Regions Covered | Europe |
No. of Companies Mentioned | 10 |