Albany, NY, May 11, 2016 (GLOBE NEWSWIRE) — MarketResearchReports.biz has announced the addition of a recent report, titled ‘Logistics Market In Europe 2016-2020,’ to its online repository. According to the report, the logistics market in Europe is expected to progress at a 6.81% CAGR during the period from 2016 to 2020 owing to the emerging e-commerce market and the increasing dominance of integrated service providers.
Logistics primarily is a business process that includes the movement and management of goods and services from the stage of origin to the stage of consumption. Logistics is considered to be a chief part of the supply chain management (SCM) and comprises several services including freight forwarding and multimodal transport via air, truck, ship, and rail. Also, logistics providers offer warehousing, storage, customs brokerage, and tracing and tracking of freight goods services. It is possible to model, analyze, visualize, and optimize the complexity of logistics by using a dedicated simulation software. The minimum use of resources is a common motivational factor in logistics of all kinds.
Some of the resources managed in logistics are physical items such as materials, liquids, food, animals, and equipment. Logistics service providers also need to manage abstract items such as information and time. Logistics of physical items involves the integration of material handling, information flow, packaging, production, transportation, inventory, security, and warehousing.
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Some of the major fields of logistics are domestic, RAM, asset control, procurement, after-sales, global, reverse, POS material, emergency, and production logistics. To maintain their dominance in the global logistics market, leading players are expected to focus on inbound and outbound logistics.
The logistics market in Europe is segmented on the basis of type into 2PL, 3PL, and 4PL. DB Schenker, Deutsche Post DHL, Kuehne + Nagel, SNCF, UPS, hansa-express logistics, Hub Group, Huktra, IMPERIAL Logistics International, Ital Logistics, J.B. Hunt Transport Services, Jawimex Logistics, Jordon Freight, Karakus International Transportation, and KLG Europe are some of the prominent companies operating in the logistics market in Europe.
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Leading players in the logistics market in Europe are concentrating on increasing their share to maintain dominance in the global logistics market in the years to come.
Competitive pricing and the high cost of operation are two of the major factors expected to hamper the logistics market in Europe in the years to come. However, the rising dominance of new integrated service providers is expected to propel the logistics market in Europe in the near future. Intelligent improvements to logistics services and lower service costs are predicted to propel the logistics market in Europe.
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Source: TransportationLogistics