The Europe Freight and Logistics market is expected to develop at a CAGR of more than 3% during the forecast period (2021-2026). The COVID-19 crisis profoundly impacted the European road freight market’s demand and supply. While almost the whole continent was affected, the impact was divided into phases. The effect of lockdowns and border crossing restrictions varied over time as the market responded to the new government norms.

In 2020, logistics investments in Europe were approximately 38.64 billion euros. It was due to Europe’s tremendous boom in e-commerce. Economic growth, population expansion, and industrialization were the prominent vital factors driving the market growth.

Nonetheless, digitization has been more prevalent in aviation in recent years. Extensive data gathered in real-time from actual occurrences, combined with flexible management, assist air carriers in taking a more practical approach to traffic planning and infrastructure, as it does in most sectors.

Besides, SHAOKE Logistics jots down the critical market insights of Europe’s Freight and logistics market.

The Key Market Trends

Rising demand for Air Freight

The expansion of Europe’s e-commerce industry and a greater emphasis on adopting temperature-sensitive products are significant drivers driving the growth of the air cargo business. The fast development of the consumer electronics sector and the deployment of software solutions are projected to drive the air cargo market’s growth over the forecast period.

Furthermore, importers spend a lot of money on electronics to keep up with worldwide consumer and corporate demand. Consumer electronics manufacturers and distributors utilize air freight services to ensure that their items are delivered to their customers on time. As a result, the increased demand for consumer electronics is expected to provide enormous potential for the aviation industry.

Impact of Brexit

The United Kingdom (UK) exited the European Union (EU). Analysts believe this might hugely impact Europe’s supply chain and logistics sectors. It will harm European commerce. Before Brexit, products and supplies traveled throughout Europe without much disruption, resulting in a smooth transition, which is critical for a supply chain’s operation. There will be economical, customs, and administrative changes following Brexit, as well as increased taxes and levies imposed on goods. This will have a significant impact on the supply chain’s operation. The EU is the world’s second-largest trade bloc, and Brexit will increase supply chain costs. It will significantly influence not just intra-European trade but also the logistics industry in the region.

Competitive Landscape

The European freight and logistics sector is highly fragmented, with global and regional firms. Some logistics businesses are constructing logistics hubs in Central Europe to service the nations of Eastern Europe as well. Several factors, including e-commerce, technological integration, and developing economies, will likely drive market growth throughout the research period.

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• Customs
• Trucking Solutions
• Last Mile Delivery
• Fulfillment
• Contract Logistics

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