Adoption of Eco-friendly Vehicles Accelerating Growth Opportunities in the Freight Transportation Market in Europe: Technavio Report

Renewable energy

 

  • The key vendors in the Freight Transportation Market in Europe 2015-2019 are DB Schenker Logistics, Deutsche Post DHL, Kuehne + Nagel International AG and SNCF GEODIS.

London, 11 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Freight Transportation Market in Europe 2015-2019.   An increase in M&A is likely to enable companies to expand their customer base and product and service portfolio. Mergers take place between companies in different regions to establish a global presence, which enables them to deliver services at all points along the supply chain. The Freight Transportation market in Europe is expected to post a CAGR of 2.58 percent during the period 2014-2019.

“Freight transportation service providers are using eco-friendly electric vehicles and have also switched to renewable sources of energy and use hydrogen fuel cells to generate energy,” says Faisal Ghaus, Vice President of TechNavio Research.

“Shippers choose vendors that have a small carbon footprint and that generate few pollutants. A few companies in the market have moved toward the Go Green concept.”

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.  

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