Estonia Freight And Logistics Market Size (2024 - 2029)

The Estonia logistics market is poised for significant growth, driven by the country's strategic geographical position and efficient trade routes. The market's expansion is supported by robust economic performance and improvements in logistics performance metrics. The Estonian government is actively enhancing its logistics infrastructure and focusing on environmentally sustainable transport development, which is expected to bolster the sector's competitiveness. Initiatives like the Transport and Mobility Master Plan aim to innovate and secure the transport sector, further emphasizing Estonia's role as a crucial transit corridor in Northern Europe.

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Market Size of Estonia Freight And Logistics Industry

Estonia Freight and Logistics Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 3.02 Billion
Market Size (2029) USD 4.18 Billion
CAGR (2024 - 2029) 7.00 %
Market Concentration Low

Major Players

Estonia Logistics Market Major Players

*Disclaimer: Major Players sorted in no particular order

Estonia Freight and Logistics Market Analysis

The Estonia Freight And Logistics Market size is estimated at USD 3.02 billion in 2024, and is expected to reach USD 4.18 billion by 2029, growing at a CAGR of 7% during the forecast period (2024-2029).

Estonia's economic performance remains solid, supported by strong institutions and effective structural reforms. The World Bank Logistics Performance Index for Estonia improved in 2023 compared to 2018 Estonia is the geographical midpoint of Northern Europe, has one of the most efficient trade routes from China to Northwestern Russia, and Northern Europe and the largest port at the Baltic Sea are all located in Estonia.

There is an increasing emphasis on transport development planning on its economy and environmental sustainability. The Estonian Ministry of Economic Affairs and Communications is beginning the inclusion of the Transport and Mobility Master Plan for 2021-2030. According to the Deputy Secretary of General for Transport, Ahti Kuningas, in the Estonian Ministry of Economic Affairs and Communications, the aim of the Master Plan for the next 10 years is to ensure a safe and technologically innovative transport sector while further developing the competitiveness of the logistics sector. With the country taking initiatives for growth in the green freight solutions and developing its trans European freight infrastructure, the importance of Estonia as a transit corridor has increased. Additionally, the government is taking initiatives to help develop the logistics infrastructure has been propelling the growth of logistics in the country.

Estonia Freight and Logistics Industry Segmentation

Freight refers to any type of goods, items, or commodities that are transported in bulk via air transport, surface transport, or sea/ocean transport. Logistics refers to the overall process of managing how resources are acquired, stored, and transported to their final destination.

The Estonia Freight and Logistics Market segmented by Function (Freight Transport, Freight Forwarding, Warehousing, and Value-added Services and Other Services) and End User (Manufacturing and Automotive, Oil and Gas, Mining, and Quarrying, Agriculture, Fishing, and Forestry, Construction, Distributive Trade, Healthcare and Pharmaceutical, and Other End Users). The report offers market sizes and forecasts for the above market in value (USD) for all the above segments.

By Function
Freight Transport
Road
Inland Water
Air
Rail
Freight Forwarding
Warehousing
Value Added Services and Other Functions
By End User
Manufacturing and Automotive
Oil and Gas, Mining and Quarrying
Agriculture,Fishing and Forestry
Construction
Distributive Trade (Wholesale and Retail Segments- FMCG Included)
Healthcare and Pharmaceuticals
Other End Users
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Estonia Freight And Logistics Market Size Summary

The Estonia logistics market is poised for significant growth, driven by its strategic geographical location and robust economic framework. As a central hub in Northern Europe, Estonia benefits from efficient trade routes connecting China to Northwestern Russia and Northern Europe, with its largest port in the Baltic Sea enhancing its transit corridor status. The Estonian government is actively promoting the development of its transport and logistics infrastructure through initiatives like the Transport and Mobility Master Plan, which aims to bolster the sector's competitiveness and sustainability. This focus on green freight solutions and trans-European infrastructure development is expected to further elevate Estonia's role in the logistics industry.

The logistics market in Estonia is characterized by a fragmented landscape with numerous international and domestic players, including major companies like DHL, CEVA Logistics, and DSV. The rise of e-commerce has significantly impacted the logistics sector, with cross-border trade increasing due to the growing volume of online purchases, particularly from Asia. Despite the competitive pressure from neighboring countries offering lower operational costs, Estonia's logistics market continues to expand, supported by advancements in digitization and the emergence of platforms like Uber Freight. The market's growth is also fueled by the development of the road freight industry, which is adapting to the challenges posed by international competition and leveraging technological innovations to enhance efficiency.

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Estonia Freight And Logistics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS & INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Investments in the logistics infrastructure

      2. 1.2.2 Government Initiatives

    3. 1.3 Market Restraints

      1. 1.3.1 Poor Infrastructure

    4. 1.4 Opportunities

      1. 1.4.1 Technological Innovations in The Logistic Sector

      2. 1.4.2 Collaborations in the Logistics Companies

    5. 1.5 Industry Value Chain Analysis

    6. 1.6 Porters 5 Force Analysis

    7. 1.7 Insights on Technological Trends in the Market

    8. 1.8 Insights on Ecommerce Industry

    9. 1.9 Government Regulations and Initiatives

    10. 1.10 Brief on Freight Rates

    11. 1.11 Impact of COVID 19 on the market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Function

      1. 2.1.1 Freight Transport

        1. 2.1.1.1 Road

        2. 2.1.1.2 Inland Water

        3. 2.1.1.3 Air

        4. 2.1.1.4 Rail

      2. 2.1.2 Freight Forwarding

      3. 2.1.3 Warehousing

      4. 2.1.4 Value Added Services and Other Functions

    2. 2.2 By End User

      1. 2.2.1 Manufacturing and Automotive

      2. 2.2.2 Oil and Gas, Mining and Quarrying

      3. 2.2.3 Agriculture,Fishing and Forestry

      4. 2.2.4 Construction

      5. 2.2.5 Distributive Trade (Wholesale and Retail Segments- FMCG Included)

      6. 2.2.6 Healthcare and Pharmaceuticals

      7. 2.2.7 Other End Users

Estonia Freight And Logistics Market Size FAQs

The Estonia Freight and Logistics Market size is expected to reach USD 3.02 billion in 2024 and grow at a CAGR of 7% to reach USD 4.18 billion by 2029.

In 2024, the Estonia Freight and Logistics Market size is expected to reach USD 3.02 billion.

Estonia Logistics Market Report Snapshots

Estonia Logistics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)