Portugal Logistics and Warehousing Industry Revenue is Expected to Reach Around EUR 30 Billion by the Year Ending 2024E: Ken Research

Increase in Government Investment: The investment in the logistics sector is one of the key initiatives which will bolster the growth of the sector during the forecast period 2019E-2024E, including the development of transportation infrastructure, the increase in the capacity of the major Portuguese ports such as expansion of the container terminal at the port of Leixoes and the expansion of a container terminal in Sines, and the modernization of the rail freight sector.  Increase in...

Increase in Government Investment: The investment in the logistics sector is one of the key initiatives which will bolster the growth of the sector during the forecast period 2019E-2024E, including the development of transportation infrastructure, the increase in the capacity of the major Portuguese ports such as expansion of the container terminal at the port of Leixoes and the expansion of a container terminal in Sines, and the modernization of the rail freight sector. 

Rising E-Commerce Activities: The demand of logistics services will surge due to growing prominence of E-commerce in Portugal. The E-commerce industry GMV in Portugal is estimated to increase by around 11.0% y-o-y in next 5 year, so total online sales of goods and services in the Southern European country could be worth EUR 9.5 billion in future. The express delivery has simplified the process of transporting goods by allowing the sender to access the information from pick-up to delivery and also provides the proof of delivery. Portugal courier and parcel market is further anticipated to grow significantly over the forecast period owing to the rising demand of timely delivery of parcels and documents. The logistics companies are expected to invest on advanced technologies solutions such as autonomous logistics, real-time tracking, automation and robotics in order to provide an improved customer service. With the growing international trade, incorporation of advanced technology based solutions will help in an efficient delivery of products by the logistics providers.

Technology Innovation: GPS, vehicle monitoring, data analytics, sensors and RFID, and storage optimization will enhance end-to-end visibility in transport logistics. Customized services and adaptability to the latest technology will boost supply chain efficiency and lead to the selection of third-party logistics services in Portugal.

Analysts at Ken Research within their latest publication "Portugal Logistics and Warehousing Market Outlook to 2024 – By Land (Road, Rail, Pipeline), Sea, Air Freight Forwarding (Domestic and International Freight), Courier and Parcel, Warehousing, Cold Transport and Storage, Third Party/ Contract Logistics (3PL) and E-Commerce Logistics" believe that the logistics market in Portugal will grow due to the growing government investment across strategic sectors, increase penetration of E-commerce operations / activities and technological developments which will drive the overall demand for the sector. The market is expected to register a positive CAGR of 6.8% in terms of revenue during the forecast period 2019-2024E.

Key Segments Covered

By Services

Portugal Freight Forwarding Market

Portugal Courier and Parcel Logistics Market

Portugal Warehousing Market

Portugal Cold Chain Market

Portugal 3PL Market

Portugal E-Commerce Logistics Market

Key Target Audience

Time Period Captured in the Report:

Companies Covered:

Key Topics Covered in the Report

For more information on the market research report please refer to the below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/portugal-logistics-and-warehousing-market-outlook/238840-100.html

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