The Europe freight transportation management market is experiencing significant growth and transformation. This dynamic sector encompasses various technologies and solutions to optimize and streamline Europe's logistics and transportation processes. The European market is also shifting towards cloud-based TMS solutions, enabling real-time tracking and data analytics for improved decision-making. Moreover, the adopting cloud-based transportation management systems (TMS) is rising steadily, enhancing operational efficiency.
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Data Bridge Market Research analyses that the Europe Freight Transportation Management Market is expected to grow at a CAGR of 8.6% in the forecast period of 2022 to 2029 and is expected to reach USD 14,164.76 million by 2029 from USD 7,321.00 in 2021. The thriving e-commerce sector has created a surge in shipments and last-mile deliveries, necessitating efficient logistics and transportation solutions to meet the increased demand for online retail, driving innovation in the industry.
Key Findings of the Study
3PL providers are expected to drive the market's growth rate
Third-party logistics (3PL) providers are transforming the logistics landscape by strategically adopting transportation management solutions. These technology-driven platforms empower 3PLs to streamline operations, optimize routes, and enhance overall supply chain efficiency, offering significant cost savings for their clients. By leveraging advanced software, real-time tracking, and data analytics, 3PLs can provide end-to-end logistics services that cater to the diverse needs of businesses across Europe. The rise of 3PL providers equipped with these solutions is a pivotal development in the logistics industry.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Transportation Mode (Roadways, Railways, Marine and Airways), Offering (Solutions and Services), Deployment Mode (Cloud or Hosted and On Premise), Organization Size (Large Enterprises and SME'S), Industry (Manufacturing, Retail, and E-Commerce, Transportation, Fast Moving Consumer Goods (FMCG), Healthcare, Food and Beverages, Oil and Gas, Energy and Utility, Electronics, Automotive, IT and Telecom and Others)
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Countries Covered
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Germany, France, Italy, U.K., Spain, Netherlands, Switzerland, Belgium, Russia, Turkey, Rest of Europe.
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Market Players Covered
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CTSI-GLOBAL (U.S.), GEODIS (France), THE DESCARTES SYSTEMS GROUP INC (Canada), Manhattan Associates (U.S.), Transplace (U.S.), Softeon (U.S.), GlobalTranz (U.S.), Oracle (U.S.), SAP SE (Germany), Accenture (Ireland), Blue Yonder Group, Inc. (U.S.), E2open, LLC. (U.S.), Trimble Inc. (U.S.), DSV (Denmark), Werner Enterprises (U.S.), Supply Chain Solutions (U.S.), C.H. Robinson Worldwide, Inc. (U.S.), TRANSPOREON GmbH (Germany), MercuryGate (U.S.) among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis:
The Europe freight transportation management market is segmented on the basis of transportation mode, offering, deployment mode, organization size, and industry.
- On the basis of transportation mode, the Europe freight transportation management market is segmented into roadways, railways, marine, and airways.
- On the basis of offering, the Europe freight transportation management market has been segmented into solutions and services.
- On the basis of deployment mode, the Europe freight transportation management market has been segmented into cloud or hosted and on premise.
- On the basis of organization size, the Europe freight transportation management market has been segmented into large enterprises and SMES.
- On the basis of industry, the Europe freight transportation management market has been segmented into manufacturing, retail and e-commerce, transportation, fast moving consumer goods (FMCG), healthcare, food and beverages, oil and gas, energy and utility, electronics, automotive, IT and telecom and others.
Major Players
Data Bridge Market Research recognizes the following companies as the major Europe freight transportation management market players in Europe freight transportation management market are CTSI-GLOBAL (U.S.), GEODIS (France), THE DESCARTES SYSTEMS GROUP INC (Canada), Manhattan Associates (U.S.), Transplace (U.S.) Supply Chain Solutions (U.S.), C.H. Robinson Worldwide, Inc. (U.S.), TRANSPOREON GmbH (Germany), MercuryGate (U.S.).
Market Developments
- In February 2022, Oracle unveiled enhanced logistics features in Oracle Fusion Cloud Supply Chain & Manufacturing, including updates to Oracle Fusion Cloud Transportation Management. These improvements empower organizations to lower costs, mitigate risks, enhance customer satisfaction, and better navigate business disruptions, reinforcing Oracle's appeal to a broader customer base.
- In March 2021, SAP SE unveiled a strategic collaboration with Sedna Systems to integrate SAP TMS with Sedna Systems' email management and team collaboration solution. This synergy empowers customers to achieve comprehensive control over transportation management data. By harnessing this partnership, SAP SE reinforces its market position, offering businesses enhanced capabilities to optimize transportation management, streamline operations, and elevate their competitive edge.
- In February, 2020, the SmartCargo project was inaugurated at BB headquarters by the Rail Cargo Group (RCG) board of directors. This innovative technology equips all 13,700 RCG wagons with SmartCargo devices, offering comprehensive information during the freight transport process. Currently, around 300 vehicles are undergoing preliminary testing with SmartCargo installations. This initiative represents a significant leap in enhancing operational efficiency and real-time tracking capabilities within the Rail Cargo Group's transportation network.
Regional Analysis
Geographically, the countries covered in the Europe freight transportation management market report are Germany, France, Italy, U.K., Spain, Netherlands, Switzerland, Belgium, Russia, Turkey, Rest of Europe.
As per Data Bridge Market Research analysis:
Germany is the dominant region in Europe freight transportation management market during the forecast period 2022 - 2029
Germany is a dominant force in the Europe freight transportation management market, poised for rapid growth. Its status as the fastest-growing market is attributed to the presence of major automotive manufacturers and related industries, fostering substantial exports. The robust infrastructure and technological advancements in logistics further bolster Germany's leadership. This pivotal position underscores the country's pivotal role in shaping the future of freight transportation management in Europe, driven by its industrial prowess and strategic exports.
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