Leading European Transport and Logistics Markets 2017
LONDON, Nov. 28, 2017 /PRNewswire/ -- The 2017 edition of Ti's Leading European Transport and Logistics Markets report provides a comprehensive overview of logistics in Europe and contains detailed country profiles for the top 26 European markets, featuring:
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- Qualitative and quantitative summaries of the state of each country's logistics market
- Measures of logistics performance and infrastructure quality
- Market sizing data
- Rankings of the largest logistics providers
- Infrastructure maps highlighting core logistics hubs
- Infrastructure summaries (road, rail, ports and airports) and charts revealing each country's largest import and export road freight partners.
What the report provides
- An overview of what is happening in Europe
- The detailed profiles help you understand what issues countries are facing
- Quantifiable data enables you to understand market conditions
This report is perfect for
This report is specifically written to provide comprehensive and easily accessible strategic information to those involved or with an interest in this sector as well as:
- Global manufacturers
- Banks and financial institutions
- Supply chain managers and directors
- Logistics procurement managers
- Marketing managers
- Knowledge managers
- Investors
- All C-level executives
The above is put into context in a chapter featuring European-level data and data comparing all European countries. Market sizes and forecasts for the express and small parcels, road freight, contract logistics and freight forwarding sectors are presented, in addition to road, air and sea volume data.
At the end of 2017, the economic situation in Europe appears to be relatively healthy. The IMF forecasts that EU economic growth in 2017 will be 2.3%, up slightly from growth of 2.0% in 2016. These figures are a marked improvement on market conditions in 2012 and 2013, when economic growth was -0.4% and 0.3% respectively. Back then, the policy of the day was austerity, but governments collectively have since adopted looser fiscal policy stances.
Looking ahead, the IMF expects real GDP growth rates in each year from 2018 to 2022 to be between 2.1% and 1.6%, with growth gradually slowing down over the period. Over the next five years then, general market conditions are expected to be less favourable for logistics providers than in 2017, although one must bear in mind that the story is different for each particular logistics market.
The fortunes of all logistics markets in Europe are linked to economic growth to one extent or another. Road freight and contract logistics seem to have the tightest link. Freight forwarding is somewhat removed as trade volume growth matters most, leaving it relatively more vulnerable to changing market conditions outside of Europe. Elsewhere, growth in the express and small parcels sector is primarily powered by the structural shift towards online retail, seeing it achieve considerably higher growth rates than other logistics sectors. All in all, Europe's logistics industry currently appears to be enjoying something of an upturn. Logistics service providers ought to be doing well.
In this report, detailed country profiles for 26 European markets are provided. They include qualitative and quantitative summaries of the state of each country's logistics market, measures of logistics performance and infrastructure quality, market sizing data, rankings of the largest logistics providers, infrastructure maps highlighting core logistics hubs, infrastructure summaries (road, rail, ports and airports) and charts revealing each country's largest import and export road freight partners. To put this all into context, a chapter featuring European-level data and data comparing all European countries is also provided. Market sizes and forecasts for the express and small parcels, road freight, contract logistics and freight forwarding sectors are presented, in addition to road, air and sea volume data.
Europe's contract logistics market is estimated to have grown by 2.0% in real terms in 2016, down from the 2.3% growth recorded in 2015. Contract logistics in Western Europe grew 1.8% in real terms, whilst Central & Eastern Europe grew at 4.8%. IMF data asserts that real GDP growth for the European Union was 1.9% in 2016.
Although down on 2015, the European Union continued to show resilience over the year, even with significant political events (such as Brexit and the Italian government's referendum defeat) providing uncertainty. Real retail sales growth in the EU was recorded by the OECD at 2.8% in 2016, compared to 3.4% the previous year, while growth in the construction sector was put at 1.4% (2015: 0.6%).
The OECD also recorded weaker manufacturing production growth in the Euro area at 1.5%, down from 2.3% in 2015. All in all, the upshot was that overall market conditions across Europe for contract logistics providers were weaker than in the previous year, with demand from the consumer/retail and manufacturing sectors slowing, even though demand from construction improved. Europe's real CAGR from 2016-2020 is forecast at 1.9%. This is down slightly from the 2015-2019 CAGR forecast last year, which was 2.1%.
Western Europe will continue to dominate the contract logistics market in the region, with a share of over 90% of the market. However, Central and Eastern European nations will show higher future growth rates. The five largest Western European markets will grow at a real 2016-2020 CAGR of 1.6%, whilst the top five Central and Eastern European nations will grow at a real 2016-2020 CAGR of 4.8%. Macroeconomic trends appear not to suggest any particular added impetus for contract logistics.
One of the major growth markets in logistics has been e-commerce and this will continue to provide opportunities for European 3PLs. The transition to omnichannel retailing presents new challenges to retailers in highly formalised markets. Those 3PLs that can adapt to provide solutions in omnichannel retailing will see themselves gaining an advantage on their rivals.
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