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*Revenues cover all four 3PL Segments (DTM, ITM, DCC, and VAWD), are company-reported or A&A estimates, and have been converted to US$ using the annual average exchange rate.
Armstrong's Latest Third-Party Logistics market Results and Outlook
BROOKFIELD, WI, UNITED STATES, November 13, 2024 /EINPresswire / -- Armstrong & Associates,
Inc. (A&A) is an internationally recognized Third-Party Logistics (3PL) market information and consulting leader. Its mission is to have leading proprietary
supply chain knowledge and market research not available anywhere else.
In its latest report,“Atlantic Crossing: A Comparative European 3PL Market Analysis,” A&A compares the overall 3PL market and segment growth in Europe to global, North America, and other key regions and countries for years 2016-2026E. The report also covers current disruptions impacting Europe's supply chain, top European ocean ports and rail initiatives, the warehousing landscape, M&A trends, and more.
As part of this analysis, A&A compiled the list of the Top 50 Europe-based 3PLs.
The analysis also uncovered that the European 3PL Market's overall gross revenues fell 20.8% in 2023, bringing the total to $203.4 billion. This level of decrease has not been seen since 2010. However, the European 3PL Market is expected to grow by 0.4% by the end of 2024 to $203.4 billion and stabilize to $221.2 billion by 2026E, with an overall projected Compound Annual Growth Rate (CAGR) of 4.1% from 2024E through 2026E.
Of the four main 3PL market segments, the Value-Added Warehousing and Distribution (VAWD) 3PL Market segment, or“Contract Logistics” as it's referred to in Europe, was the only 3PL segment that had positive growth in 2023, with a 3.6% increase in gross revenue to $51.2 billion, making its revenue surpass the International Transportation Management/Freight Forwarding (ITM) segment for the first time. 2021 marked Europe's best year for VAWD, with a gross revenue year-over-year increase of 10.4% to $47.4 billion. The strong growth in e-commerce fulfillment in Europe continues to make VAWD one of the fastest-growing domestic 3PL subsegments, having a CAGR of 4.3% from 2016 to 2023. VAWD is projected to reach $57.5 billion in 2026E, with a 2.6% CAGR anticipated from 2024E to 2026E.
“Atlantic Crossing: A Comparative European 3PL Market Analysis” and additional A&A market research can be found at Guides & Research Reports . A&A's Market Research Reports come as a standard benefit for Expert Information Services (EIS) subscribers.
ABOUT ARMSTRONG & ASSOCIATES, INC.
Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.
A&A's mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work supporting our mission, A&A's 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A's email newsletter currently has over 88,000 subscribers globally.
A&A's market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 50 3PLs, supported 26 closed investment transactions, and advised numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.
Amy St. Peter
Armstrong & Associates, Inc.
+1 414-545-3838
email us here
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