Technology

The Logistics Market in Europe is projected to grow by USD 43.3 Billion (2024-2028), driven by the booming e-commerce industry and AI’s role in redefining the market landscape – Technavio

Published

8 hours ago

October 8, 2024

NEW YORK, Oct. 8, 2024 /PRNewswire/ — Report with market evolution powered by AI – The Logistics Market in Europe size is estimated to grow by USD 43.3 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 3.2% during the forecast period. Booming e-commerce industry in Europe is driving market growth, with a trend towards increasing customer-centric logistics. However, high cost of operation and competitive pricing poses a challenge – Key market players include AP Moller Maersk AS, BDP International Inc., Bertelsmann SE and Co. KGaA, Bollore SE, C H Robinson Worldwide Inc., CEVA Logistics, Deutsche Bahn AG, Deutsche Post AG, DSV AS, Expeditors International of Washington Inc., FedEx Corp., Hellmann Worldwide Logistics SE and Co KG, International Distributions Services plc, Kintetsu World Express Inc., Kuehne Nagel Management AG, Nippon Yusen Kabushiki Kaisha, Rhenus SE and Co. KG, SDK FREJA A S, SF Express Co. Ltd., and XPO Inc.

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Logistics Market In Europe Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.2%

Market growth 2024-2028

USD 43.3 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.07

Regional analysis

Europe

Performing market contribution

Europe at 100%

Key countries

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

Key companies profiled

AP Moller Maersk AS, BDP International Inc., Bertelsmann SE and Co. KGaA, Bollore SE, C H Robinson Worldwide Inc., CEVA Logistics, Deutsche Bahn AG, Deutsche Post AG, DSV AS, Expeditors International of Washington Inc., FedEx Corp., Hellmann Worldwide Logistics SE and Co KG, International Distributions Services plc, Kintetsu World Express Inc., Kuehne Nagel Management AG, Nippon Yusen Kabushiki Kaisha, Rhenus SE and Co. KG, SDK FREJA A S, SF Express Co. Ltd., and XPO Inc.

Market Driver

Logistics providers in Europe are adopting innovative strategies to deliver customer-centric logistics solutions. They engage in discussions with clients about industry trends and challenges. The empowered consumer has necessitated a paradigm shift in supply chain management. Providers now consider historical orders, sales forecasts, weather forecasts, and customer sentiments to anticipate behavior. Predictive analytics is used to simulate and forecast future situations, enabling informed decision-making. Consumer-driven supply chains are aligning with demand variations, driving the growth of Europe’s logistics market.

Logistics market trends encompass various industries like banking & financial services, media & entertainment, trade & transportation, and e-commerce. E-commerce companies prioritize timely delivery, leading to growth in last-mile logistics and route optimization. Multi-modal transportation, including airways, waterways, railways, and roadways, is crucial for efficient supply chain networks. Trade-related activities, such as container trade and free trade agreements, impact logistics significantly. Defense manufacturing, petroleum, food products, and oil & gas industries rely on logistics for transportation of goods. Digital transformation through AI, IoT, AR, and blockchain enhances logistics monitoring systems. Outsourced and third-party logistics services are in demand for inventory management and warehousing. E-commerce activities and online purchases require logistics solutions, focusing on green solutions for sustainability. Transportation infrastructure development is essential for accommodating increasing logistics demands.

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Market Challenges

The European logistics market is characterized by complex supply chains, with most products originating from Asian manufacturing locations. These goods are transported via air, ocean, or rail to European distribution centers for final delivery. The total logistics costs have risen due to longer or more intricate supply chains. A typical European supply chain consists of shipping from manufacturing locations, trucking from ports, reception and storage at distribution centers, and sales order fulfillment and final distribution. Inefficient packaging can negatively impact all elements of the supply chain. In the rail sector, high capital costs, particularly in Southern and Eastern Europe, and fuel costs, which account for over 25% of the industry’s collective cost base, pose significant challenges. Port-to-port shipping and customer deliveries often incur the most costs in international supply chains, with additional expenses including personnel costs, fuel costs, and other variable costs. The logistics market in Europe faces the dual challenges of high operating costs and competitive pricing during the forecast period.Logistics market is facing numerous challenges in today’s business environment. With online purchases, efficient and reliable delivery solutions are essential. Roadways remain the backbone of transportation, but infrastructure improvements are needed to handle increasing e-commerce activities. Green logistics solutions are crucial to reduce carbon footprint, with technologies like AI, IoT, and AR playing key roles. Logistics monitoring systems, blockchain, and sensor technologies ensure transparency and accuracy in supply chain networks. Waterways transportation offers cost-effective alternatives to roadways for heavy goods. Third-party and second-party logistics, outsourcing, and logistics standardization are shaping the industry. Industries like healthcare, pharmaceuticals, manufacturing, and aerospace have unique logistics requirements. Tech-driven logistics, multi-modal systems, and IoT-enabled devices are revolutionizing transportation. Last-mile deliveries and logistics automation are critical for retail success. Military logistics, reverse logistics operations, and trade agreements also impact the market. Overall, the logistics landscape is evolving rapidly, requiring continuous innovation and adaptation.

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Segment Overview

This logistics market in Europe report extensively covers market segmentation by

Type 1.1 3PL1.2 4PLEnd-user 2.1 Manufacturing2.2 Automotive2.3 Consumer goods2.4 Retail industry2.5 OthersGeography 3.1 Europe

1.1 3PL- Third-party logistics (3PL) is a business process where companies outsource their logistics functions to specialized service providers. In Europe, 3PLs have become essential for improving logistics effectiveness by introducing innovative supply chain management techniques. Three primary types of 3PL exist: asset-based, management-based, and integrated providers. Asset-based companies use their private vehicles, warehouses, and employees, while management-based providers deliver technological and managerial support. Integrated providers offer a combination of both. 3PL services encompass transportation, warehousing, distribution, freight forwarding, inventory management, and packaging. They tailor solutions to meet individual client needs, optimizing routes, reducing costs, and enhancing operational efficiency. In the European context, 3PLs facilitate cross-border trade and overcome logistical challenges. They offer flexibility to scale operations based on demand fluctuations, supporting seasonal peaks and market expansions. Technology adoption is a hallmark of modern 3PLs, providing real-time tracking, data analytics, and visibility tools. The Russia–Ukraine conflict in 2022 disrupted various aspects of the European logistics market. Transportation routes were affected, leading to delays, rerouting, and blockades. Supply chain disruptions caused shortages, forcing manufacturers to halt production or incur significant cost increases. Increased logistics costs due to rerouting and alternative transportation modes, as well as fuel price and insurance premium fluctuations, strained logistics budgets. Geopolitical tensions influenced foreign trade relationships, creating complexities for cross-border trade planning and forecasting. Despite these challenges, the use of 3PL services will continue to drive the growth of the 3PL segment in the European logistics market, enabling companies to remain competitive in a complex business landscape.

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Research Analysis

The global logistics market is a dynamic and evolving industry that encompasses various modes of transportation, including roadways, and caters to diverse sectors such as e-commerce, trade-related activities, defense manufacturing, petroleum, food products, and more. With the rise of online purchases, there is a growing demand for efficient and reliable logistics solutions. Green logistics solutions are gaining popularity due to increasing environmental concerns, while logistics monitoring systems, blockchain, artificial intelligence, the Internet of Things, and augmented reality are revolutionizing the industry. Logistics management and supply chain management are crucial aspects of the market, with Fourth-Party Logistics, inbound logistics, outbound logistics, reverse logistics, and digital logistics playing significant roles. Military logistics and reverse logistics operations are essential for defense manufacturing and ensuring the smooth functioning of armed forces. Last-mile delivery, route optimization, and transportation systems are also vital components of the logistics market. Free trade agreements and trade-related activities further impact the industry’s growth and development.

Market Research Overview

The logistics market is a dynamic and complex ecosystem that encompasses various modes of transportation, technologies, and industries. At its core, logistics facilitates the efficient movement of goods and services from one place to another. In today’s digital age, the logistics industry is undergoing a significant transformation. Online purchases have led to an increase in e-commerce activities, necessitating the need for efficient last-mile deliveries and logistics automation. Green logistics solutions are gaining popularity as businesses strive to reduce their carbon footprint. Logistics monitoring systems, including Blockchain, Artificial Intelligence, and the Internet of Things, are revolutionizing supply chain management and inventory management. Sensor technologies and Augmented Reality are being used to optimize transportation infrastructure and improve warehouse management systems. The logistics market caters to various industries, including manufacturing, healthcare, pharmaceuticals, retail, and aerospace, among others. Third-party and second-party logistics, outsourcing, and logistics standardization are common practices in the industry. The use of multi-modal systems, including roadways, waterways, airways, and railways, enables efficient transportation of goods. Trade agreements, tech-driven logistics, and digital transformation are shaping the future of the logistics industry. IoT-enabled devices, route optimization, and timely delivery are essential components of a successful logistics strategy. The defense manufacturing, oil & gas, food products, and semiconductor industries rely heavily on logistics to ensure the timely delivery of critical components and finished products. In conclusion, the logistics market is a critical component of the global economy, enabling businesses to efficiently move goods and services across various industries and modes of transportation. The integration of technology and digital transformation is driving innovation and efficiency in the logistics industry, making it an exciting and dynamic field to watch.

Table of Contents:

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

Type3PL4PLEnd-userManufacturingAutomotiveConsumer GoodsRetail IndustryOthersGeographyEurope

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

Technology

DAHON & RoyalBaby Unveils New Strategic Partnership

Published

2 mins ago

October 9, 2024

BEIJING, Oct. 9, 2024 /PRNewswire/ — DAHON, a global leader in folding bikes, and RoyalBaby, a global leader in children’s bikes, announced a strategic partnership during a press conference at the Shangri-La Hotel in Beijing, China, on August 9, 2024.

This strong alliance between DAHON and RoyalBaby signifies an important milestone for China’s bicycle market. DAHON is a world-renowned folding bike brand that also stands at the forefront of scientific innovation for bicycle frames and components, while RoyalBaby is a global leader in children’s bicycles with a strong focus on the R&D and manufacturing of high-quality products. The synergy between the two global brands and their complementary strengths will not only inject fresh vitality into the children’s bicycle market, but also promote the quality and healthy development of the bicycle industry in China.

“As DAHON and RoyalBaby have accumulated a wealth of knowledge and outstanding performance in their respective fields, this strategic cooperation will surely set a new benchmark for the industry. I sincerely hope that this cooperation can drive more enterprises to actively explore their frontier of innovation and jointly promote the sustainable and healthy development of China’s toy and baby products industry.”, said Ms. Liang Mei, President of the China Toy and Juvenile Products Association at her keynote speech.

Ms. Zheng Xiaoling, Director of the China Bicycle Association, expressed that the partnership was a practical embodiment of the concepts of “sharing, win-win, and co-development.” It is believed that through in-depth cooperation, DAHON and RoyalBaby will lead the entire bicycle industry to move towards a more intelligent, personalized and green direction.

Dr. David Hon, Founder of DAHON, delivered a keynote titled “Driving High-Quality Industry Development through Shared Economy.” He remarked that DAHON had been always committed to developing lightweight and green transportation solutions. So far, the company had obtained over 500 bicycle-related patents, which had gone beyond the adoption by DAHON’s own products to sharing with other manufacturers through the “Sharing 360” global initiative. The partnership with RoyalBaby was a crucial step in this initiative and it marked a significant leap forward for China’s bicycle market.

Mr. Tong Lixin, Chairman of RoyalBaby, spoke about RoyalBaby’s dedication to the children’s bicycle sector, focusing on independent research and innovation to provide safe, practical products for children worldwide. He expressed confidence that the collaboration with DAHON would elevate both brands in technology, product innovation, and global market influence.

During the event, Dr. David Hon and Mr. Tong Lixin jointly unveiled five co-branded children’s bikes. RoyalBaby’s Brand Director, Mr. Liu Chang, introduced the new models featuring upgraded designs, manufacturing processes, safety features, and riding experiences. These offer new choices for the children’s bicycle market and provide users with a one-stop solution.

The creation of co-branded children’s bicycles is just the beginning of the strategic partnership. Mr. Xu Hongchen, Domestic Sales Manager of DAHON, discussed future market trends and emphasized that DAHON and RoyalBaby will further collaborate in areas such as technological innovation, channel marketing, and service promotion, creating richer, more diverse consumer experiences and supporting the trend towards green urban mobility.

The partnership will cover a comprehensive range of bikes, from large-wheel bikes (DAHON road and mountain bikes), to medium-to-small wheels (DAHON folding bikes under 20 inches) and small-wheel models.

In the future, DAHON and RoyalBaby plan to collaborate further through joint marketing and cross-industry partnerships, building their brand image and promoting the values of health and environmental sustainability, driving rapid development in the bicycle sector.

SOURCE DAHON

Technology

SARAH BETH LARDIE JOINS SOCIAL CURRENT AS CHIEF DEVELOPMENT OFFICER

Published

2 mins ago

October 9, 2024

Lardie to Lead Multi-Faceted Development Strategies Across Social and Human Services Funders and Foundations

WASHINGTON, Oct. 9, 2024 /PRNewswire/ — Social Current today announced that Sarah Beth Lardie has joined the organization as chief development officer to oversee and coordinate funding and development strategies across a broad range of social sector and human services funders and foundations.

With nearly two decades of experience in advancing the mission, vision, and goals of nonprofit organizations, Ms. Lardie has helped to lead the growth and sustainability of a wide range of successful organizations, raising more than $20 million dollars annually for civil society actors ranging from United Nations to local food banks. She began her career as a social worker working with children and families before transitioning to a career in development. As a member of the founding leadership team of Joshua Venture, a fellowship program for social entrepreneurs, she was responsible for providing fellowships for 16 entrepreneurs across the U.S. She has also been a mentor with MIT’s LaunchX program and an advisor to the African Venture Philanthropy Network.

“Sarah Beth’s extensive experience in development and her understanding and familiarity with the social sector as a social worker will help us grow our strategic partners across the sector,” noted Jody Levison-Johnson, president and CEO of Social Current. “She will be a critical asset in our efforts to activate the power of the social sector to help build an equitable society where all people can thrive.”

“Building civil society, bringing more people and resources to the critical work being done is fulfilling,” commented Sarah Beth Lardie. “Nonprofit organizations are where innovations to solve society’s most difficult problems are happening, and I love being part of that. That’s what drew me to Social Current.”

Lardie received her bachelor’s in sociology and labor studies from Rutgers University, her master’s in social work from the Columbia University School of Social Work and her master’s in public administration from Carnegie Mellon University/University of Pittsburgh in a dual degree program. She is based in New York City.

Media Notes: Photo available upon request. Please contact Jennifer Devlin at jdevlin@social-current.org.

About Social Current
Social Current is the premier partner and solutions provider to a diverse network of more than 1,800 human and social service organizations. Together with our network, we are activating the power of the social sector to effect broader systemic change that is needed to achieve our vision of an equitable society where all people can thrive. We support, strengthen, and amplify the work of the social sector in six core integrated areas including brain science and trauma-informed approaches; COA Accreditation; child, family, and community well-being; equity, diversity, and inclusion; government affairs and advocacy; and leadership and organizational development.

CONTACT:

Jennifer Devlin, 703-966-3241
jdevlin@social-current.org

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SOURCE Social Current

Technology

IDA Is Integrating Chainlink To Enhance Transparency of Its HKDA Stablecoin Backed 1:1 By the Hong Kong Dollar

Published

2 mins ago

October 9, 2024

HONG KONG, Oct. 9, 2024 /PRNewswire/ — IDA, a Hong Kong-based fiat-referenced stablecoin issuer, is integrating Chainlink’s industry-standard services for tokenized assets. Those include Chainlink Proof of Reserve (PoR) for verifying asset collateralization and the Chainlink Cross-Chain Interoperability Protocol (CCIP) for the secure movement of cross-chain data and value to support its upcoming HKDA stablecoin issuance, which is backed 1:1 by the Hong Kong dollar.

The Chainlink integration gives HKDA users enhanced visibility into the reserves backing the stablecoin through Chainlink’s secure and reliable onchain PoR data. IDA also plans to integrate Chainlink CCIP, which will enable IDA to securely mobilize HKDA across multiple blockchains, ultimately enhancing the token’s utility and accessibility.

“Chainlink is the industry standard for verifying the collateralization of digital assets onchain and moving them cross-chain, providing our ecosystem partners with enhanced assurances regarding the stability and backing of HKDA, as well as increased accessibility to HKDA by making it available across various chains” said Sean Lee, co-founder and CSO of IDA.

IDA is currently collaborating with leading financial institutions, banks, traditional exchanges, virtual asset exchanges, retail businesses, and real-world asset (RWA) issuers on the use of HKDA as a secure payments vehicle and institutional trading instrument in digital asset markets. “The ability to tokenize RWAs not only streamlines transactions and reduces costs, but also enhances market efficiency, making it easier for businesses to manage and trade their assets. This innovation will undoubtedly stimulate the economy and transform the financial landscape,” Lee added.

Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs said, “We are excited to be IDA’s technical partner and provide a solution that enables greater visibility into the asset collateralization behind the stablecoin while powering secure cross-chain movement. Our goal is to not only advance the adoption of HKDA as a payments vehicle for cross-border transactions but also support the development of tokenized real-world assets. Tokenized money, including stablecoins, has the potential to unlock quadrillions of dollars of tokenized assets, bringing more liquidity to the market.”

About IDA Finance Hong Kong Limited (IDA)
IDA is the premier digital asset technology company to spearhead the widespread adoption of blockchain finance and to empower businesses to seamlessly integrate between Web2 and Web3.

HKDA, a fiat-referenced stablecoin built on public blockchain protocols, will be the first product launched by IDA. HKDA is designed to drive enhanced digital connectivity for seamless commerce and payments between Hong Kong and global markets, 24/7/365. To maintain the highest level of security and stability, all circulating HKDA will always be fully backed by at least 100% reserve assets in regulated Hong Kong based authorized institutions.

To maximize the network effect of HKDA for domestic and cross-border usage, IDA is partnering with key industry players to facilitate the minting, redemption and widespread acceptance of HKDA as a payment and settlement digital currency. In subsequent phases, IDA will also launch key products denominated in other US Dollar (USD) pegged currencies with ecosystem partners across regulated financial institutions and Web3 platforms.

More information can be found at idafi.xyz / LinkedIn / X

About Chainlink
Chainlink is the universal platform for pioneering the future of global markets onchain. Chainlink has enabled over $15 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

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SOURCE Chainlink; IDA