Published Date : Jan 09, 2017
Albany, NY, Jan 09, 2017: The report, titled “Third Party Logistics Market in Europe 2017-2021” offers essential insights into the competitive landscape of the third party logistics market in Europe. It profiles the key players in the market along with their revenue generation, business strategies, and latest developments. As per the findings of the report, the third party logistics market in Europe will progress at a CAGR of more than 3% from 2017 to 2021.
Some of the challenges encountered by organizations involved in transportation business during the management of in-house logistics include difficulties in fleet management, dearth of skilled drivers, and lack of IT infrastructure. The increasing complexity of in-house logistics is shifting the focus of businesses towards third party logistics, thereby fuelling the market. Moreover, the rising awareness about the benefits of outsourcing such as cost reduction and increased operational efficiency is augmenting the market.
The robust growth of the automotive industry and aftermarket is another factor working in favor of the market. On the other hand, the high operational cost and competitive pricing are hampering the growth prospects of the market. However, the expansion of online retailing is creating ample growth opportunities for the third party logistics market in Europe.
On the basis of services, the third party logistics market in Europe is divided into transportation and warehouse and distribution. The transportation segment will continue to dominate the market until 2021. The presence of a moderately competitive environment among players for offering quality services at low prices is stimulating the growth of the segment.
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In terms of end user, the market can be classified into manufacturing, food and beverage, automotive, healthcare, hi-tech, retail, and consumer goods. Manufacturing was the leading sector in 2016. The growing competition in areas such as sensor technologies, advanced computing, and robotics is assisting the segment in maintain its dominance until 2021. The key regional segments analyzed in the report are the U.K., France, Italy, Germany, Spain, and Rest of Europe. Germany will command the lion’s share throughout the forecast period. The increasing outsourcing of warehouse and transportation services is fuelling the growth of the region.
The influx of new players such as warehouse owners and local trucks is making the third party logistics market in Europe a more fragmented arena. To consolidate their position in the market, players are offering value-added services. The leading players in the market are Kuehne + Nagel International, J.B. Hunt Transport, CEVA Logistics, Deutsche Post DHL, C.H Robinson, Expeditors International of Washington, DB Schenker Logistics, SNCF Logistics, and UPS. Some other prominent players are ACP Freight Services, APL Logistics, BDP International, Czech Logistics Alliance, DEIJ Transport, FedEx Supply Chain, DSV, FM Logistic, Gondrand International, Huktra, and Jawimex Logistics.
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