The third-party logistics market in Europe report helps businesses create strategies to make the most of future growth opportunities.
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In 2020, the Rest of the Europe region accounted for about 26% of the global market share. However, Germany is expected to remain a potential market for third-party logistics in Europe during the forecast period. The strong growth of the automotive and automotive components industries is one of the key factors driving the market demand in the country. Also, the growth of other industries such as mechanical engineering, aerospace, chemical, and pharmaceutical will provide significant opportunities for market players.
Similarly, based on the end-user, the market generated maximum revenue in the manufacturing segment in 2020. The growth of the segment can be attributed to the thriving manufacturing sector in the Eastern European region. In addition, the growing ICT sector and the introduction of 5G technologies will support the growth of the segment during the forecast period.
Although the third-party logistics market in Europe is expected to record a healthy growth during the forecast period, limited use of IT and regulatory barriers and high operational cost and competitive pricing might reduce the growth opportunities for market participants. This report on the third-party logistics market in Europe will help businesses become better equipped, make informed decisions, and develop effective strategies to improve their market positions.
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Reasons to Buy Third-Party Logistics Market in Europe Report:
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