The Europe Freight Transport Market would witness market growth of 10.6% CAGR during the forecast period (2022-2028).
The need for freight transportation management solutions is expanding quickly as transportation networks become more global and complicated. Any economy and quality of life depend on the effective movement of freight. Developing a low-cost system for managing fear transportation enables regional and local businesses to compete successfully on a global scale.
The efficiency of freight networks has been enhanced through the use of various technologies. Terms like freight optimization, order management, route planning, fuel management, and vendor management are used by government agencies and business executives to describe the systems used in the management of freight transportation.
The solutions for freight transportation management systems are expected to get better with new types of optimization, upgrades, mobility, and improved analytics as a result of the rising demand. The need for solutions and services linked to freight transportation management has increased as a result of the growth in the number of trade agreements and international trade.
The ambitious target for Europe to become the first Continent to achieve carbon neutrality by 2050 was established by the European Green Deal and the implementation of the "Sustainable and Smart Mobility Strategy - putting European transport on track for the future." This will necessitate a significant overhaul of both passenger and freight transportation in many ways. Compared to the necessary modifications in transportation modes and behavioral changes required in most locations, the path to zero emissions is being paved more quickly by advancements in transportation technologies, alternative fuels, the digital economy, and servitization.
The Germany market dominated the Europe Freight Transport Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,960.5 million by 2028.The UK market is anticipated to grow at a CAGR of 9.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 11.4% during (2022 - 2028).
Based on Offering, the market is segmented into Services and Solution. Based on Solution Type, the market is segmented into Freight Security & Monitoring System, Fleet Tracking & Maintenance Solution, Warehouse Management System, Freight Information Management System, Freight Transportation Cost Management, Freight Mobility & Operational Management Solutions and Freight 3PL Solution. Based on Mode of Transport, the market is segmented into Roadways, Railways and Seaways & Airways. Based on Vertical, the market is segmented into Retail & E-commerce, Automotive, Aerospace & Defense, Pharmaceuticals, Energy and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Freight Transport Market will Hit $57.1 Billion by 2028, at a CAGR of 10.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include C.H. Robinson Worldwide, Inc., Deutsche Post DHL Group (The Deutsche Post AG), FedEx Corporation, Kuehne + Nagel International AG (Kuehne Holding AG), United Parcel Service, Inc., SAP SE, Oracle Corporation, Schneider National, Inc., DSV A/S, and Nippon Express Co., Ltd.
By Offering
By Mode of Transport
By Vertical
By Country
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