Construction generally refers to the creation of physical structures such as buildings, bridges or roadways. Manufacturing typically refers to the production of finished goods sold to distributors, retailers or consumers. According to report, Third Party Logistics market in Europe is expected to grow from US$ 210.0 Bn in 2017 to US$ 312.5 Bn by the year 2025. This represents a CAGR of 5.2% from the year 2018 to 2025.
Third Party Logistics in Logistics and Supply Chain Management is the use of an organization’s third party business to outsource elements of distribution, warehousing, and fulfillment services.
The Europe Third Party Logistics market is growing along with the Manufacturing and Construction industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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Germany is anticipated to leads the third party logistics market across the Europe region through the forecast period. Germany is one of the leading market for 3PL in Europe where warehousing is the major outsourced logistics service. Germany is one of the leading producers of automobiles in the world and many major car manufacturing companies are located in the country. Germany produces over 6 Mn vehicles every year, which includes both passenger cars and commercial vehicles. Approximately 70% of most of the premium brand vehicles across the globe are manufactured by German companies. Being the hub for the major automotive industries, automotive semiconductors are extensively used in this industry. This bolster the Europe third party logistics market on the forecast period. The figure given below highlights the revenue share of Spain in the Europe third party logistics market in the forecast period:
These factors are expected to offer broad growth opportunities in the Manufacturing and Construction industry and this is expected to cause the demand for immunochemistry assays in the market.
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EUROPE THIRD PARTY LOGISTICS – MARKET SEGMENTATION
By Mode of Transport
- International Transportation
- Domestic Transportation
- Inventory Management
By End User
- Consumer Goods
- Europe Third Party Logistics – By Customer
- Small & Medium Enterprises
- Large Enterprises
- Rest of Europe
- Deutsche Post AG
- Kuehne + Nagel International AG
- Nippon Express Co., Ltd.
- DB Schenker
- H. Robinson Worldwide, Inc.
- DSV A/S
- XPO Logistics, Inc.
- Sinotrans Co., Ltd.
- UPS Supply Chain Solutions
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