Development Projects: 2017 saw the initiation of the TEN-T infrastructure policy with the goal of connecting the major hubs of Europe through 9 Core Networks. The project involves a revamp or additions to transport infrastructure in all modes of transportation. The project is estimated to cost and overall of EUR 556 billion.
Increasing Driver Shortage: The unattractiveness of trucking as a profession that has a rising retirement rate is one of the major challenges in the freight forwarding industry. The International Road Transport Union estimates the difference between demand and supply to be around 39% in 2019. The shortage has led to a rise in road freight prices.
Emergence of Trucking Aggregators: Trucking aggregators are on a rise in the freight forwarding industry in Europe. The trucking aggregators attempt to capture a share in the highly fragmented trucking industry with an aim to digitize the market space and induce transparency in pricing.
Cabotage: Cabotage is seen as a problem for the domestic trucking freight market as cheaper, foreign truckers often enter domestic markets to capture the market. The EU has brought in a new law to address the issue of cabotage. The new law changes rule from three cabotage operations in seven days to unlimited cabotage operations within five days.
Platooning: DB Schenker partnered with MAN to test out the platooning technology in real traffic scenarios in Germany. Platooning is a system of automated truck convoying which allows automated trucks to follow a lead truck. This reduces fuel costs and optimizes the route planning.
Sustainable Logistics: Europe is committed to achieving its goals set in the Paris Agreement and therefore countries are looking for more eco-friendly means of transportation. Companies are experimenting with electric trucks and looking to shift their operations from road freight to the more eco-friendly rail transport. Companies are looking to decrease their carbon footprint by reducing the paperwork and digitizing their operations.
Analysts at Ken Research in their latest publication “Europe Freight Forwarding Market Outlook to 2025 – By Country (Austria, Belgium, Germany, Netherlands, Poland, Sweden, and Others) and By Mode of Transportation (Road, Sea, Air, Rail, and Inland Waterways)” believe that the freight forwarding industry in Europe is at a growing stage. Keeping the commitment towards the environment in mind, countries should focus on the modal shift from road to rail and inland waterway which would facilitate both intra-Europe and extra-Europe trade and thus contribute to the growth of the freight forwarding market.
Key Segments Covered:-
By Mode of Transportation
By Country (Revenues and Freight Volume)
By Mode of Transportation
By Inland Waterways
Kuehne + Nagel
Kuehne + Nagel
Kuehne + Nagel
Key Target Audience
Freight Forwarding Companies
Freight Forwarding Consultancy Companies
Contract Logistics Companies
Freight Tech Companies
Time Period Captured in the Report
Historical Period – 2013-2019P
Forecast Period – 2019P-2025F
Key Topics Covered in the Report:-
Europe Freight Forwarding Market Segmentation
Europe Freight Forwarding Market Size
Europe Freight Forwarding Market Share
Europe Freight Forwarding Market Growth Rate
Europe Road, Sea, Air Freight Market Volume
Europe Road Freight Logistics Cost
Europe Sea Freight Logistics Cost
Inland Waterways Market Europe
Austria Logistics Market
Austria Freight Forwarding Industry
Austria Road Freight Market Revenue
Inland Waterways Market Austria
Europe Domestic Transportation Market
Germany Freight Forwarding Market
Inland Waterways Market Germany
For More Information On The Research Report, Refer To Below Link:-
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Ankur Gupta, Head Marketing & Communications
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