Europe Third-party Logistics Market Size & Outlook
Europe third-party logistics market, 2018-2030 (US$M)
Related Markets
Europe third-party logistics market highlights
- The Europe third-party logistics market generated a revenue of USD 200,697.5 million in 2023.
- The market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, dtm was the largest revenue generating services in 2023.
- VALs is the most lucrative services segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 200,697.5 million |
| Market revenue in 2030 | USD 294,268.9 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Dtm |
| Fastest growing segment | VALs |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | DCC/Freight Forwarding, DTM, ITM, W&D, VALs |
| Key market players worldwide | Burris Logistics, C.H. Robinson Worldwide Inc, CEVA Logistics, DSV AS, DB Schenker, FedEx Corp, JB Hunt Transport Services Inc, Kuehne + Nagel International AG, Nippon Express Holdings Inc, United Parcel Service Inc Class B, Yusen Logistics |
Other key industry trends
- In terms of revenue, Europe region accounted for 18.3% of the global third-party logistics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 884,322.0 million by 2030.
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Third-Party Logistics Market Scope
Third-Party Logistics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe third-party logistics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to third-party logistics market will help companies and investors design strategic landscapes.
Dtm was the largest segment with a revenue share of 31.83% in 2023. Horizon Databook has segmented the Europe third-party logistics market based on dcc/freight forwarding, dtm, itm, w&d, vals covering the revenue growth of each sub-segment from 2018 to 2030.
Though an obvious yet overlooked concept, last-mile delivery reflects the potential to be a game-changer in the current scenario. A customer-centric approach helps in customer retention, brand loyalty, and client satisfaction.
The service remains a make-or-break point for most players. • As 3PL companies focus on speedier deliveries through last-mile service, fulfillment hubs are being increased placed in strategic locations – especially inaccessible urban areas.
For instance, in 2020, Capgemini reported 55% of their clients were likely to entertain a vendor switch if the competitor can provide better deals in faster delivery, improved quality, and lower price. The European pharmaceutical industry remains limited in outsourcing logistics, unlike the mature market subset in the U.S.
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Our clientele includes a mix of third-party logistics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe third-party logistics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe third-party logistics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe third-party logistics market size, by country, 2018-2030 (US$M)
Europe Third-Party Logistics Market Outlook Share, 2023 & 2030 (US$M)
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