Market Size of Europe Less-Than Container Load Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 3.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Less-than Container Load (LCL) Market Analysis
From 2022 to 2027, the Europe Less-than Container Load sector is expected to be a CAGR of greater than 3.5 percent.
The ongoing worldwide Coronavirus (COVID-19) outbreak is affecting global shipping, affecting all sectors from passenger ships to container ships and oil tankers. In order to secure cargo, the shipping sector is completely reliant on manufacturing output. The coronavirus epidemic has put a strain on the shipping industry, with lockdowns and closed facilities.
In March 2020, the coronavirus outbreak in Europe reached new heights, having a devastating impact on health, people, and the economy. The European Union responded to COVID-19's outbreak and its effects by adopting a wide range of policies in a variety of sectors (health, economy, research, border, mobility, etc.). Since the beginning of the COVID19 issue, the Commission, Member States, and the shipping sector have taken steps to assure operational continuity and, as a result, supply security.
According to an analysis of ship calls at EU ports, the number of ship calls at EU ports decreased by 30% in 2020 compared to 2019. When compared to the same month in 2019, the number of ship calls in April 2021 declined by 4%. Cruise ships, passenger ships, refrigerated cargo ships, and vehicle carriers have been the most severely hit sectors. In the meantime, the number of Ro-Ro Passenger boats increased by 8%.
Croatia, Cyprus, Finland, France, Latvia, Norway, Portugal, and Spain are the countries most impacted.
Europe Less-than Container Load (LCL) Industry Segmentation
Less than container load shipping is a cost-effective and flexible form of international cargo shipment as it allows shippers to consolidate shipments with other customers for lower rates rather than ship individual shipments on an independent basis using full container loads or truckload services. It is also known as groupage because it is grouped with other goods. As a result, LCL shipping is designed for goods with a low or moderate volume. As a result, LCL is the popular way of shipping for small firms.LCL is more commonly accessible than FCL during peak season.
The market is segmented By Destination (Domestic and International), By End User (Manufacturing, Retail (Includes E-commerce), Healthcare and Pharmaceuticals, Agriculture, and Other End Users), By Country (Germany, United Kingdom, France, Italy, Spain, Russia, Netherlands, Poland, Rest of Europe)
A full study of the Europe Less-than Container Market, including current market trends, constraints, technical updates, and extensive information on key segments and the industry's competitive landscape. During the research, the influence of COVID-19 was also taken into account.
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Europe Less-Than Container Load Market Size Summary
The Europe Less-than-Container Load (LCL) market is poised for growth, driven by the increasing demand for smaller, more frequent shipments and the rise of e-commerce. The sector is experiencing a shift in trade flows and supply chain dynamics, which has made LCL shipments more appealing due to their cost-effectiveness and efficiency compared to traditional shipping methods. The COVID-19 pandemic has significantly impacted the shipping industry, with disruptions in global trade and a decrease in ship calls at EU ports. However, the sector is recovering, with technology playing a crucial role in enhancing freight movement and tracking, thereby improving service delivery and customer satisfaction. The maritime cargo sector remains vital for international trade, with the EU relying heavily on marine transport to maintain its position as a leading global exporter and importer.
The LCL market in Europe is characterized by a competitive landscape with major players like Maersk, GEODIS, CMA, Dachser, and Hapag Lloyd leading the charge. The demand for LCL services is expected to rise, particularly in the context of equipment shortages and high demand for consolidated cargo shipments. This has led to a willingness among shippers to pay premium rates for LCL services, making it a high-margin industry. Strategic partnerships and technological advancements are further enhancing the market's capabilities, as seen in collaborations like that between Shippeo and Everysens, which aim to improve multimodal transport visibility. The market's recovery post-pandemic is evident, with ongoing efforts to strengthen global seaborne trade and resolve international trade barriers through bilateral agreements and discussions with key global partners.
Europe Less-Than Container Load Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain / Supply Chain Analysis
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1.5 Porter's Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Destination
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2.1.1 Domestic
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2.1.2 International
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2.2 By End User
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2.2.1 Manufacturing
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2.2.2 Retail
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2.2.3 Healthcare and Pharmaceuticals
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2.2.4 Agriculture
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2.2.5 Other End Users
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2.3 Geography
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2.3.1 Europe
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2.3.1.1 Germany
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2.3.1.2 UK
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2.3.1.3 France
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2.3.1.4 Russia
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2.3.1.5 Spain
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2.3.1.6 Rest of Europe
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Europe Less-Than Container Load Market Size FAQs
What is the current Europe Less-Than Container Load Market size?
The Europe Less-Than Container Load Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)
Who are the key players in Europe Less-Than Container Load Market?
MAERSK, The CMA CGM Group, Hapag-Lloyd, GEODIS and Dachser are the major companies operating in the Europe Less-Than Container Load Market.
