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Road Freight Transportation Market in Europe to Grow by USD 41.2 Billion (2025-2029), Key Role in Intermodal Transport Boosts Market, AI-Powered Evolution – Technavio

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NEW YORK, Jan. 31, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The Road freight transportation market in Europe size is estimated to grow by USD 41.2 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 1.8%  during the forecast period. High significance of road freight in intermodal transportation is driving market growth, with a trend towards growing digital transformation in road freight transportation. However, competitive pricing and higher operational costs of road freight transportation  poses a challenge. Key market players include AP Moller Maersk AS, CEVA Logistics, DACHSER SE, DB Schenker, Deutsche Bahn AG, Deutsche Post AG, DSV AS, Ewals Cargo Care Holdings BV, FedEx Corp., GEODIS, H.Essers, Hellmann Worldwide Logistics SE and Co KG, Kuehne Nagel Management AG, MARITIMA SURESTE SHIPPING SLU, Raben Group, Rhenus SE and Co. KG, Schneider and Cie. AG, UAB Girteka Logistics, XPO Inc., and Ziegler Group Corp..

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Road Freight Transportation Market In Europe Scope

Report Coverage

Details

Base year

2024

Historic period

2019-2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 1.8%

Market growth 2025-2029

USD 41.2 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

1.7

Regional analysis

Europe

Performing market contribution

Europe at 100%

Key countries

Germany, Spain, UK, France, and Rest of Europe

Key companies profiled

AP Moller Maersk AS, CEVA Logistics, DACHSER
SE, DB Schenker, Deutsche Bahn AG, Deutsche
Post AG, DSV AS, Ewals Cargo Care Holdings
BV, FedEx Corp., GEODIS, H.Essers, Hellmann
Worldwide Logistics SE and Co KG, Kuehne
Nagel Management AG, MARITIMA SURESTE
SHIPPING SLU, Raben Group, Rhenus SE and
Co. KG, Schneider and Cie. AG, UAB Girteka
Logistics, XPO Inc., and Ziegler Group Corp.

Market Driver

Europe’s Road Freight Transportation Market is experiencing significant trends in logistics, particularly in the use of trucks and vans for cargo transportation. Production trends show a rise in door-to-door delivery services due to e-commerce growth. Neighboring countries’ trade agreements and economic recovery impact road freight volume. Retail e-commerce and end-user industries like food & beverages, petroleum needs, and metal & mining rely on road freight solutions. Intermodal transportation and cross-border trade activities are also increasing. Diesel imports and logistics providers’ core competencies are key factors. UPS, Custom, and third-party logistics (3PL) firms offer contract logistics services. Impacting factors include just-in-time manufacturing, RFID tags, globalization, IT solutions, and the multi-modal system. Travel bans, quarantines, movement restrictions, border controls, and closures due to health screening are challenges. 

The European road freight transportation sector is undergoing a significant digital transformation. This revolution is altering the way supply chains function, boosting efficiency, transparency, and responsiveness. At the heart of this shift are advanced technologies like artificial intelligence (AI), the Internet of Things (IoT), data analytics, and blockchain. AI and data analytics provide predictive insights and real-time decision-making through the analysis of extensive data, optimizing routes, anticipating demand, and improving resource allocation. The IoT links devices, vehicles, and equipment, enabling real-time tracking, remote monitoring, and uninterrupted communication among all involved parties. 

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 Market Challenges

The European road freight transportation market is experiencing significant challenges due to production trends and the rise of e-commerce. With the increase in retail e-commerce sales, there is a growing demand for door-to-door delivery services, putting pressure on logistics transportation providers to offer efficient solutions. Neighboring countries and domestic markets are key players in cross-border trade activities, but trade agreements and travel bans due to the economic recovery from the pandemic are impacting factors. Truck and van cargo volumes are at record highs, with core competencies of logistics providers including UPS, Custom, and third-party logistics (3PL) firms, essential for meeting the needs of end user industries such as food & beverages, petroleum, metal & mining, and just-in-time manufacturing. Intermodal transportation and last-mile delivery services are crucial for supply chain efficiency, with IT solutions and software, RFID tags, and a multi-modal system essential for managing the complexities of road freight solutions. However, diesel imports, movement restrictions, border controls, and quarantines are impacting the market, with the globalization of the e-commerce industry and the need for intermodal transportation and cross-border trade activities adding further complexity. Logistics firms must adapt to these challenges and offer contract logistics services to remain competitive.The European road freight transportation market experiences instability due to the volatile prices of crude oil, which significantly impacts operational costs. Fuel expenditure, a substantial portion of operational expenses, is subject to fluctuations, making the market susceptible to price changes. For instance, the 2021 Suez Canal blockage resulted in increased fuel prices, leading to higher operational expenses for carriers, negatively affecting profitability. This unpredictability hinders businesses from creating accurate budgets, planning long-term investments, and offering competitive pricing, posing a persistent financial challenge for market participants.

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Segment Overview 

This road freight transportation market in Europe report extensively covers market segmentation by  

Vehicle Type1.1 Medium and heavy commercial vehicle1.2 Light commercial vehicleProduct 2.1 Food and beverages2.2 Metals and mining2.3 Dangerous goods2.4 Agriculture2.5 OthersGeography 3.1 Europe

1.1 Medium and heavy commercial vehicle-  The European road freight transportation market is primarily driven by the demand for medium and heavy commercial vehicles. These vehicles offer versatility in accommodating various cargo requirements, making them the preferred choice. Major players like Volvo, DAF Trucks, and Mercedes-Benz dominate the market with advanced versions boasting larger payloads, improved fuel efficiency, and emissions compliance. The market is witnessing a shift towards electric and hybrid models due to stringent environmental regulations. E-commerce growth is fueling the need for efficient logistics, pushing the market forward. However, challenges persist, including insufficient alternative fuel infrastructure and driver shortages. The future of the market is shaped by sustainability, with innovations like autonomous driving and networking enhancing operational efficiency and safety. As a result, the demand for medium and heavy commercial vehicles is projected to rise, driving market growth throughout the forecast period.

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Research Analysis

The European road freight transportation market is a vital component of the continent’s logistics sector, facilitating the movement of goods and services between manufacturing hubs, retailers, and consumers. Production trends in manufacturing industries continue to drive the demand for road freight transportation, with an increasing focus on door-to-door delivery services to ensure timely and efficient supply chain operations. The rise of e-commerce and retail e-commerce has further boosted the market, as consumers expect faster delivery times and greater convenience. Domestic and neighboring countries are key markets, with the common border facilitating seamless transportation. Trade agreements and economic recovery are also significant factors influencing the road freight volume. Transportation projects and the development of advanced roadways further enhance the market’s growth prospects. Trucks and vans remain the primary modes of transportation for cargo, with a growing emphasis on fuel efficiency and sustainability.

Market Research Overview

The European road freight transportation market is experiencing significant growth due to increasing production trends, domestic and cross-border trade activities, and the in e-commerce. Door-to-door delivery services, last-mile delivery solutions, and intermodal transportation are becoming increasingly popular. E-commerce, particularly retail e-commerce, is driving the demand for logistics transportation, with food & beverages, petroleum needs, and metal & mining being key end-user industries. The market is witnessing record highs in road freight volume due to the economic recovery of European countries and the impact of trade agreements with neighboring countries. Diesel imports, third-party logistics (3PL), and contract logistics services are core competencies of logistics providers. However, the market is facing challenges such as travel bans, quarantines, movement restrictions, border controls, and closures due to the global pandemic. RFID tags, IT solutions, and software are being integrated into the multi-modal system to enhance supply chain efficiency. The road freight transportation market is expected to continue its growth trajectory, impacted by various factors including just-in-time manufacturing, globalization, and the evolving needs of the e-commerce industry.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Vehicle TypeMedium And Heavy Commercial VehicleLight Commercial VehicleProductFood And BeveragesMetals And MiningDangerous GoodsAgricultureOthersGeographyEurope

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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TÜV Rheinland issued Verification for Palm Vein Recognition Rate and Speed Of the Veno Pro Video Smart Lock

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SHENZHEN, China, Feb. 26, 2025 /PRNewswire/ — TÜV Rheinland, the internationally recognized independent testing, inspection, and certification organization, has issued the verification statement for the palm vein recognition rate and speed of the Veno Pro Palm Vein Recognition Video Smart Lock (model: LKMSD411, hereinafter referred to as “Veno Pro“). Launched in North America by LOCKIN (U.S.) Inc. Technology, this product demonstrated performance consistent with the established test criteria, reflecting stable and reliable operation under daily use conditions.

As smart homes gain popularity and living standards rise, the biometric functions in smart locks have become increasingly important to users. Palm vein recognition technology, which uses infrared to read the distribution of veins in the human palm, offers several advantages over fingerprint and facial recognition, including natural live body detection, contactless convenience, hygiene, stable feature information, low environmental requirements, resistance to external damage or theft, reduced false triggers, and immunity to twin confusion. This technology is rapidly becoming a favorite in the lock industry.

However, due to its relatively recent introduction and limited recognition, smart locks equipped with palm vein recognition technology need to prove that their product performance and user experience to earn consumer trust. In response, TÜV Rheinland officially launched the “Palm Vein Recognition Rate and Speed Verification” service.

TÜV Rheinland conducted extensive palm vein recognition tests on Veno Pro in its laboratory under a reproducible and stable testing environment. The results show that Veno Pro’s average recognition time is no more than 0.17 seconds, with an average recognition success rate of no less than 99.9%. The recognition experience is stable and smooth, meeting the daily needs of users effectively.

“TÜV Rheinland recognizes that new technologies, such as palm vein recognition in the lock industry, require rigorous verification to ensure they meet consumer expectations and gain market acceptance. As a trusted partner, TÜV Rheinland is well-equipped to support manufacturers in validating the performance and reliability of their innovative products. By leveraging TÜV Rheinland’s verification services, companies can effectively demonstrate the quality and capabilities of their technologies, facilitating smoother market entry and enhancing customer trust”, Jay Yang, Vice President of TÜV Rheinland Graeter China Electrical.

About TÜV Rheinland

Safety and quality in almost all areas of business and life: That’s what TÜV Rheinland stands for. The company has been active for more than 150 years and is one of the world’s leading testing service providers. TÜV Rheinland has more than 22,000 employees in over 50 countries and generates annual sales of more than 2.4 billion euros. TÜV Rheinland’s highly qualified experts test technical systems and products around the globe, accompany innovations in technology and business, train people in numerous professions and certify management systems according to international standards. In this way, the independent experts ensure trust along global flows of goods and value chains. Since 2006, TÜV Rheinland has been a member of the United Nations Global Compact for more sustainability and against corruption.

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SOURCE TUV Rheinland Group

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Kingdee Expands Its Footprint into the Middle East, Opening Qatar Office

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HONG KONG, Feb. 26, 2025 /PRNewswire/ — Kingdee International Software Group Company Limited(0268.HK)announced today the opening of its regional headquarters in Qatar’s Free Zones, marking its official entry into the Middle East market. The establishment of this regional headquarters has been facilitated through the support of the Qatar Investment Authority (QIA), the sovereign wealth of Qatar, Invest Qatar, the investment promotion agency of Qatar and Qatar Free Zones Authority (QFZ). At the press conference, Kingdee was represented by Vice President Liu Zhongwen, General Manager of Kingdee International Business Center Liu Yujie.

Founded in 1993, Kingdee is a globally renowned enterprise management cloud SaaS company listed on the Main Board of the Hong Kong Stock Exchange. Expanding its global presence has been one of Kingdees key strategic objectives.

In December 2023, Kingdee and QIA announced an agreement in which QIA would invest around $200 million in the company. This investment recognised Kingdee as a category leader and key enabler of enterprise cloud transformation in China. The investment in Kingdee aligns with QIA’s strategic objective to invest in leading companies and technologies in global digitalization trends. Robert Xu, Chairman and CEO of Kingdee Group,visited Qatar in December 2024 and decided to leverage Qatar as a bridgehead for expanding the footprint into the Middle East and North Africa markets, drive the digital transformation of local enterprises and supporting Qatar to achieve its “Qatar National Vision 2030”.

He said: Today marks a pivotal moment in the global expansion plans of Kingdee. Following the investment by QIA in December 2023, we are excited to further strengthen our collaboration with Qatar by opening our first office in the Middle East, in Qatar’s Free Zones. We are excited to collaborate with QIA, Invest Qatar and QFZ to bridge the gap between Kingdee and the Middle Eastern market, supporting Kingdee’s inter-national growth strategy.

Mohammed Saif Al-Sowaidi, CEO of QIA stated: “QIA has been an investor in Kingdee since 2023 and recognizes the company’s expertise in enterprise digitalization and cloud services in China. We are confident that Kingdee will succeed in their expansion and will bring a valuable offering to the Middle East market.” 

Sheikh Ali Alwaleed Al-Thani, CEO, Invest Qatar, commented: “We are delighted to welcome Kingdee to Qatar. The establishment of their regional headquarters in Qatar marks a significant milestone in our ongoing efforts to attract leading global technology companies to our region. This collaboration underscores Qatar’s commitment to fostering a business-friendly environment that supports innovation and digital transformation. We look forward to working closely with Kingdee, the Qatar Investment Authority, and the Qatar Free Zones Authority to drive forward our shared vision of economic growth and technological advancement, in line with Qatar National Vision 2030 and the Third National Development Strategy.”

On this strategic move, H.E. Sheikh Mohammed bin Hamad bin Faisal Al-Thani, CEO of Qatar Free Zones Authority (QFZ), said: “Kingdee’s decision to establish its regional headquarters in our free zones reaffirms Qatar’s position as a leading hub for digital innovation. This partnership, developed through the joint efforts of Qatar Investment Authority, Invest Qatar, and Qatar Free Zones Authority, reflects our collective drive to achieve Qatar’s Third National Development Strategy — the final wave of the Qatar National Vision 2030. By integrating Kingdee’s expertise into our technology ecosystem, we accelerate digital transfor-mation and strengthen Qatar’s role as a gateway for next-generation solutions to drive economic diversification and sustainable growth.”

QFZ will provide Kingdee with a strategically positioned platform to strengthen its regional presence, cultivate high-impact collaborations, and contribute to the evolution of enterprise digitalization. 

As a publicly listed company with over 31 years of history, Kingdee has reinforced its product R&D and implementation capabilities through serving more than 7.4 million customers worldwide. Kingdee SaaS solutions are used in 172 countries and regions worldwide, supporting 42 languages and serving over 1000 customers to achieve overseas digital operations. “We are confident in our ability to deliver professional enterprise digital solutions to Qatar and the regional market.”

Kingdee, leveraging its industry expertise and the management models of China’s leading enterprises, can provide end-to-end digital solutions encompassing financial management, supply chain optimization, and production operations to local businesses. This empowers regional enterprises to enhance management efficiency and strengthen competitive capa-bilities.

The establishment of Kingdee Qatar represents a strategic milestone in Kingdee’s commitment to delivering localized services from Qatar’s Free Zones to global clients. Guided by the principle of “think globally, operate locally,” the company will synergize regional business acumen with technological strengths, inte-grating AI-driven digital technologies and management expertise to provide compre-hensive one-stop solutions. This initiative will accelerate the development of the Middle East’s software and internet industries through technological empowerment.

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E-Health Now Founder & CEO Kelly Xu was honored as the “2024 Forbes China Emerging Innovator and Entrepreneur”

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BEIJING, Feb. 26, 2025 /PRNewswire/ — On February 22, 2025, the Forbes China Emerging Innovators and Entrepreneurs Forum and Awards Ceremony was held at the Shangri La Hotel in Hangzhou. This grand event of innovation and entrepreneurship brought together entrepreneurs, investors, and industry experts from all walks of life to explore global innovation trends. In the highly anticipated Award Ceremony, Kelly Xu, Founder and CEO of E-Health Now, stood out in the fierce competition with her outstanding achievements and innovative spirit, and won the prize of the “2024 Forbes China Emerging Innovators and Entrepreneurs” in the area of “Life and Health”.

Forbes China, as an internationally renowned media brand with innovation as its core, has long been deeply involved in innovation. The newly launched Award of “Innovators & Entrepreneurs” aims to discover outstanding companies and talents with high growth potential and investment value worldwide, and further promote global innovation practice. The selection process is rigorous and scientific, and through in-depth analysis and layer by layer screening of multi-dimensional criteria such as candidates’ business performance, capital market performance, industry influence, and innovation capability, each person on the list is a leader in the industry. Kelly Xu truly deserved the award.

Since founding E-Health Now in 2017, Kelly Xu has demonstrated extraordinary strategic vision and leadership. Under her leadership, E-Health Now stood out in the fiercely competitive market and quickly rose to become a benchmark enterprise in the industry. The company relies on nearly 10,000 high-quality domestic and international medical institutes and other scarce medical resources that have signed official contracts for cooperation, as well as a smart medical and health management service system that covers the entire value chain of life and health service process. Through more than 100 carefully designed medical and health online and offline products and services, the company can tailor comprehensive and personalized health solutions for insurance, banking, corporates, and individual customers with an innovative B2B2C model. At present, it has established deep strategic partnerships with over 210 insurance companies, banks, and corporate clients, completed a stable and extensive industry ecosystem cooperation network, served over 35 million end users, and thus won market recognition and user trust with its excellent services & user experience.

Kelly Xu also strategically led E-Health Now to lay out and invest in the field of artificial intelligence in 2021 with an outstanding vision. Currently, the company has successfully developed and launched 5 AI medical intelligent tools, which combined with its medical services have helped to significantly improve the efficiency and quality of medical services, reduce costs, and greatly optimize user experience, setting a new example of intelligent healthcare services in the industry. Under her leadership, E-Health Now has achieved 100% CAGR revenue growth in the past years, such extraordinary development also gained recognition from the capital market, and it has obtained investment from a series of top venture capitals such as Ventech China, GSR, Suzhou City Wujiang Venture Capital, Borchid Capital, Tongji Fund, etc.

Looking forward, Kelly Xu stated that E-Health Now would actively explore overseas markets while continuously strengthening and developing its domestic China business. The Company plans to empower overseas hospitals and insurance companies with advanced AI technology and medical solutions, and promote the cross-border flow of high-quality medical and health services. It plans to start with the Southeast Asian market, and will bring the most advanced medical and health solutions to countries such as Singapore, Thailand, Indonesia, Vietnam, and is already in discussion with potential local partners.

Kelly Xu’s inclusion in the “2024 Forbes China Emerging Innovators and Entrepreneurs” list is not only a significant affirmation of her personal career, but also a high recognition of E-Health Now’s innovative business model. It can be highly anticipated that under the leadership of Kelly Xu, E-Health Now will continue to lead on the path of innovation and entrepreneurship, create even more brilliant achievements, and inject new vitality into promoting industry development and supporting economic growth.

Company Name: E-Health Now Health Technology (Beijing) Co., Ltd
Contact Person: Ms. Luo
Email: marketing@ehealthnow.cn
Website: www.huameihaolian.com 
Telephone: +8615801167074
City: Beijing, China

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SOURCE E-Health Now Health Technology (Beijing) Co., Ltd

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