Contract Logistics market in Europe is expected to grow from US$ 57,102.9 Mn in 2017 to US$ 80,980.8 Mn by the year 2025. This represents a CAGR of 4.6% from the year 2018 to 2025.
The rapid advancement of the manufacturing industry and their focus laid on core competencies and escalating necessities for achieving cost efficiency, task optimizations and technological integrations pertaining to supply chain activities are fueling the Europe Contract Logistics market. The meteoric rise of on-demand delivery of products has propelled today’s businesses to shift from the conventional in-house logistic models to a more advanced and cost-efficient outsourced or contract based logistics model. Outsourcing the entire supply chain functionality to a more knowledgeable partner on the supply chain management arena reduces the complexities associated with the last mile deliveries. Some of the intangible benefits achieved through outsourcing logistics include cost savings, human capital savings, no lock-in of working capitals, and better access to customer networks, thereby driving the Contract Logistics market in Europe. This factor has created a potential market space for Europe Contract Logistics market.
The high focus on risk management in the supply chains is anticipated to fuel the Europe Contract Logistics market growth. Logistic is a complex process which involves the flow of various goods and information across a network of suppliers, carriers, and warehouse. This complexity can be handled using software systems which allows analyzing real-time and real-world data. This implementation of software systems improve lead times, reduce excess inventory levels, help in resolving warehousing issues, and decrease inventory costs. Increased competitiveness in the industry is the primary reason for the third party investing in automation and digitization. These initiative by the market player are enhancing the growth of Europe Contract Logistics market.
Germany has anticipated to leads the Contract Logistics market across the Europe region through the forecast period. The UK is one of the leading markets for contract logistics in Europe. Some of the prominent manufacturing sectors of the country include chemicals, food & beverage, aerospace, plastics, as well as high-tech manufacturing. Further, the country’s automotive sector is also anticipated to increase at a considerable growth. This bolsters the Europe Contract Logistics market in the forecast period. The figure given below highlights the revenue share of the Rest of Europe in the Europe Contract Logistics market in the forecast period:
Exhibit: Rest of Europe Contract Logistics Market Revenue and Forecasts to 2027 (US$ Bn)
EUROPE CONTRACT LOGISTICS – MARKET SEGMENTATION
By Type
By Services
By End User
By Country
Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2017 | US$ 57,102.9 Million |
| Market Size by 2025 | US$ 80,980.8 Million |
| CAGR (2018 - 2025) | 4.6% |
| Historical Data | 2015-2016 |
| Forecast period | 2018-2025 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Contract Logistics Market is valued at US$ 57,102.9 Million in 2017, it is projected to reach US$ 80,980.8 Million by 2025.
As per our report Europe Contract Logistics Market, the market size is valued at US$ 57,102.9 Million in 2017, projecting it to reach US$ 80,980.8 Million by 2025. This translates to a CAGR of approximately 4.6% during the forecast period.
The Europe Contract Logistics Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Contract Logistics Market report:
The Europe Contract Logistics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Contract Logistics Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Contract Logistics Market value chain can benefit from the information contained in a comprehensive market report.
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