How
Logistics Market is Positioned in Luxembourg?
Luxembourg
logistics and warehousing market was evaluated at USD ~ million with
the growth rate recorded at ~% in 2018. The market witnessed an increase from
USD ~ million in 2013. The logistics and warehousing industry encompasses with
several components such as freight forwarding, warehousing, and value added services
in Luxembourg. In terms of revenue generation, the freight forwarding segment
dominated the market with USD ~ million in 2018. Rise in number of Chinese
enterprises in Luxembourg has increased the importance of country in China’s
outbound trade, investment and M&A deals across Europe. Luxembourg has the
largest pool of Chinese currency in the Eurozone which has helped to increase
its liquidity globally. Luxembourg’s economy rests on sectors such as steel and
financial services industry.
The country has reduced its dependence on few
sectors by adding more sectoral pillars such as information technology &
cargo transportation. The Third Party Logistics (3PL) providers in Luxembourg
have captured logistics market worth USD ~ billion which represents ~% of the
overall market revenues. Companies such as Kuehne+Nagal, Panalpina & CH
Robinson are the market leaders in 3PL logistics industry. There has been a
rise in contract & outsource logistics. Luxembourg holds a strong potential
to become a major hub in terms of transport cost, warehouse & handling and
labour cost. As reported by World Integrated Trade Solution (WITS),
Luxembourg’s import value was evaluated to be USD ~ billion in 2017; whereas
the country’s export value was evaluated to be USD ~ billion in 2017. Major
trade commodities include machinery, nuclear reactors, steel, electronics,
vehicles, mineral fuels, plastics & others.
The freight forwarding segment dominated the Luxembourg Logistics
Market with revenues totaling to USD ~ billion & revenue share worth ~% in
the year 2018. Luxembourg’s strategic location on the European road & rail
network opens a gateway for major flow corridors, thus making it an
intercontinental logistics hub. Value added services segment generated revenue
worth USD ~ billion in 2018 with revenue share worth ~% in the year 2018, owing to presence of highly skilled workforce
& competitive warehousing prices in neighboring countries, the VAS revenue
share is higher than warehousing segment. The warehousing segment generated ~%
of the total revenues in Luxembourg logistics market totaling to USD ~ billion
in the year 2018. This segment holds a minor share due to presence of
competitive warehousing services in the neighboring countries such as France,
Belgium & Germany.
Normal deliveries are pre-dominant in the freight forwarding market
owing to the small size of the country as deliveries can be made within a day.
In 2018, normal deliveries contributed ~% of the total revenues of the freight
forwarding market which amounted to USD ~ billion.
As the time taken by normal deliveries is limited owing to the small
size of the country, the express market accounts for a lower share in the
Luxembourg freight forwarding market. In 2018, express deliveries contributed ~%
of the total revenues of the freight forwarding market which amounted to USD ~
billion.
How Freight forwarding Market of Luxembourg is Performing?
In 2012-13, the Luxembourg government strategized to build its country
as a gateway from/to/through Europe for cross dock hub, regional distribution
& as a value added services centre. Road transport has dominated the
freight forwarding segment as per the freight volumes recorded. Rail
infrastructure has expanded over the years which have resulted in rise in
freight volumes. Airport has developed specialized handling capacity, owing to
which the air freight industry is witnessing a boom. Freight forwarding market
in Luxembourg grew at CAGR ~% during the period 2013-2018.
The freight forwarding market has increased with the rising demand for
logistics services from industries such as pharmaceuticals, healthcare,
e-commerce & express market which has further increased the freight
volumes. A dense network of motorways, which connects Luxembourg with
neighboring countries, was one of the main drivers for growth of the freight
forwarding industry. The freight forwarding market increased from USD ~ billion
in 2013 to USD ~ billion in 2018. The development of railway infrastructure
& continuous allocation of funds to infrastructure projects has augmented
growth in the domestic and international freight forwarding market.
In terms of domestic and international freight forwarding
segmentation, international freight forwarding has largely contributed in the
revenues of the industry.
The freight forwarding market is forecasted to dominate the Luxembourg
logistics market in future and grow at ~% in the coming 5 years. The freight
forwarding market is forecasted at USD ~ billion in 2023. Rail freight volumes
are poised to show substantial increase owing to capacity expansion &
technology up gradation projects implemented by CFL multimodal. A total of USD ~
billion has been invested in building an effective mobility chain in Luxembourg
to meet the growing demand for transportation services.
How is Warehousing Space and Industry Revenue Grown?
Luxembourg has developed two logistics parks – Eurohub Centre &
Eurohub South that offer tailor made warehousing solutions with proximity to
airport, multimodal terminals & ports. Many companies are building their
warehouses around Luxembourg City to optimize value chain process as it offers
proximity to Luxembourg Airport. Warehousing companies are transferring their
business to 3PL service providers which provide wide array of services. The
demand for warehousing comes from logistics firm, e-commerce industry and
manufacturing firms. The demand for fast, safe storage and delivery of goods to
the customer that has attributed to the growth of service standards. The
warehousing in Luxembourg grew at a CAGR of ~% from 2013 to 2018, growing from
USD ~ million in 2013 to USD ~ million 2018.
In 2014, E-commerce industry turnover amounted to USD ~ billion. Owing
to increasing smart phone penetration, the e-commerce industry is poised to
record a double digit growth in the coming 5 years which is going to create
more demand for warehousing market in Luxembourg.
The Industrial and Retail sector is the largest contributor to the
warehousing sector in terms of revenues in 2018 with ~% of share. The rise in
industrial and manufacturing activities over the years has increased demand for
warehousing services in the country.
The warehousing market in Luxembourg is expected to grow with a CAGR
of ~% during 2018 to 2023 and reach USD ~ billion by 2023. Owing to the growth
of pharmaceutical & e-commerce sector, Luxembourg is expected to become
manufacturing & distributions centres for many international companies
looking to tap the European markets.
Key Segments Covered:-
Luxembourg Logistics and Warehousing
Market
By
Services Mix (Freight Forwarding, Warehousing and Value added services)
Luxembourg Freight Forwarding Market
Segmentation
By
Freight Mode (Air Transport, Maritime Transport, Road and Rail) – Basis of
Revenue and Volume
By
International and Domestic Freight Forwarding – Mode Wise
By
Flow Corridors (Europe, Asia Pacific, Americas and ROW)- Basis International
Freight Revenue
By
Normal and Express Delivery
By
Integrated and 3PL
Luxembourg Warehousing Market
By
End User (Consumer & Retail, Pharmaceuticals & Healthcare, Fruits,
Vegetables, Dairy & Beverages, Automotive and Others)
By
Business Model (Industrial/Retail Freight, Container Freight, Cold Storage and
Others)
By
Integrated and Contract Logistics
Luxembourg Value Added Services Market
Luxembourg Express Logistics Market
By
Delivery (International and Domestic Express)
By
Mode (Air Express and Road Express)
By
End User (B2B and B2C & C2C)
Luxembourg Cold Chain Market
By
Cold Storage and Cold Transport
By
End User Industries (Pharmaceuticals & Healthcare, Fruits, Vegetables and
Dairy Products, Meat and Seafood and Others)
E-Commerce Logistics Market
By
E-commerce Merchants and 3PL Companies
By
Same day and 2 Days or more
Courier, Express and Parcel (CEP) Market
Key Target Audience:-
Logistics
Companies
3PL/4PL
Companies
Warehousing
Companies
Logistics
and Warehousing Industry Associations
E-commerce
and Online Retail Companies
Cold
Storage and Transport Companies
Venture
Capitalist Firms
Government
and Other Regulatory Organizations
Time Period Captured in the Report:-
Historical Period - 2013-2018
Forecast Period - 2018-2023
Companies Covered:-
Cargolux
Airlines
KUEHNE+NAGEL
CFL
Multimodal
Luxair
Cargo
WDP
Logistics4Pharma
Qatar
Airways Cargo
Wallenborn
DB
Schenker
DPD
Group
DHL
POST
Luxembourg
Jost
Group
Cobelfret
Arthur
Welter
Keywords:-
Luxembourg Logistics Industry
Luxembourg
Logistics Market Revenue
Air Cargo
Volumes in Luxembourg
Air Freight
Mail Volume Luxembourg
Luxembourg
Logistics Industry Share
Number of
Warehouses in Luxembourg
Warehousing
Space in Luxembourg
Trucking
Companies in Luxembourg
Rail
Freight Corridor Flow Luxembourg
Luxembourg
CFL Multimodal Revenue
DB Schenker
Luxembourg Revenue Logistics
Air Freight
Statistics Luxembourg
Logistics
Parks in Luxembourg
Cobelfret
Luxembourg Logistics Market
For more information on the research
report, refer to below link:-
Related Reports:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
