Logistics Market in Europe 2017-2021
Logistics is the planning, execution, and control of the procurement, movement, and stationing of materials, personnel, and other resources. It is the management of how resources are acquired, stored, and transported to their respective destination. It is a part of the supply chain management and includes various services such as freight forwarding and multimodal transport through ship, truck, air and rail.
Technavio’s analysts forecast the logistics market in Europe to grow at a CAGR of 3.00% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the logistics market in Europe for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of logistics services such as logistics, transportation, and warehousing to various industries that include manufacturing, retail, automotive, food and beverages, and others.Technavio's report, Logistics Market in Europe 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Logistics Market in Europe 2017-2021
Technavio recognizes the following companies as the key players in the logistics market in Europe: C.H. Robinson, CEVA Logistics, DB Schenker, Deutsche Post DHL, and Expeditors.
Other Prominent Vendors in the market are: APL Logistics, Agility, BDP International, FedEx Supply Chain, Gati, Kerry Logistics, XPO Logistics, Yusen Logistics, and Hellmann Worldwide Logistics.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing customer-centric logistics. Logistics providers in Europe are implementing innovative approaches to achieve customer-centric logistics. They are focusing on driving the discussion with customers on future trends and challenges in their specific industries.”
According to the report, one driver in the market is emphasis on core competencies. Traditionally, logistics functions were handled in-house, as businesses preferred to exercise control and minimize risks. However, with increasing complexities and competitive intensities in businesses, the focus in businesses is shifting toward core competencies. Management units of various companies are concentrating all their resources on improving their core businesses. This is encouraging businesses to shift their focus toward 3PL.
Further, the report states that one challenge in the market is impact of logistics on environment. The transportation in logistics is heavily dependent on oil supplies. The concerns about climate change combined with issues such as congestion, noise, and urban pollution or oil spills at sea have high impacts on the environment. The European transport sector consumes more than 30% of total energy used, out of which road traffic consumes nearly 80% of the energy, and railways consume nearly 2% of energy in the transport sector.
C.H. Robinson, CEVA Logistics, DB Schenker, Deutsche Post DHL, Expeditors, APL Logistics, Agility, BDP International, FedEx Supply Chain, Gati, Kerry Logistics, XPO Logistics, Yusen Logistics, and Hellmann Worldwide Logistics.
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