NVOCC Aggregator Market in Europe 2018-2022

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Overview of the NVOCC aggregator market in Europe

The continuously increasing free trade agreements with European countries is creating a positive impact on the market’s growth. Europe is an attractive business market, owing to the ease of accessibility to modern transportation and communication systems. The openness of trade regime in European countries provides an opportunity to European companies to trade outside Europe. The rapidly increasing trade agreements and the number of free trade agreements will further drive imports and exports in European countries. For instance, the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada came into force on September 21, 2017. Similarly, other agreements including the EU- Japan Economic Partnership Agreement, EU-MERCOSUR Association Agreement, and EU-ASEAN Free Trade Agreement are expected to contribute to the market’s growth positively during the forecast period. Technavio’s market research analysis identifies the increase in free trade agreements with European countries as one of the primary driving factors for the growth of this market during the next few years. According to Technavio’s market research report, the market is predicted to register a revenue of more than USD 4.1 billion by 2022.

The gradual introduction and adoption of cloud computing is gaining traction in the market. Various new IT solutions are being widely used by NVOCC aggregators to increase efficiency, reliability, and security of operations by reducing operational costs. Cloud computing helps NVOCC aggregators to optimize the utilization of information resources. It reduces the cost by helping operators to render services at a comparatively lower price while maintaining the ensured level of quality. Thus, various services offered by cloud computing as the Software as a Service (SaaS) model for shipping industries are ship/fleet management, documentation management, maintenance management, and reporting the status of ships or fleet. This will further accelerate the growth of the market throughout the forecast period.

Companies covered

The NVOCC aggregator market in Europe is characterized by the presence of several international and regional players. With the introduction of cloud computing offering considerable growth opportunities, the players of couriers and freight market are increasingly focused on increasing the geographic presence. To help clients improve their revenue shares in this competitive market, Technavio’s market research report on the NVOCC aggregator market in Europe offers information about the key initiatives and strategies followed by the market players and provides an in-depth analysis of the market’s competitive landscape.

This research report provides an analysis of various companies in the NVOCC aggregator market in Europe including

• C.H. Robinson Worldwide
• Expeditors
• KUEHNE+NAGEL
• United Parcel Service

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Segmentation by end-user and analysis of the NVOCC aggregator market in Europe

• Retail industry
• Manufacturing industry

The retail industry accounted for the largest share of the NVOCC aggregator market in Europe in 2017. According to Technavio’s market research analysts, this segment is likely to continue its dominance in the couriers and freight market throughout the forecast period.

Segmentation by geography and analysis of the NVOCC aggregator market in Europe

• Netherlands
• Germany

Netherlands accounted for the largest share of the NVOCC aggregator market in Europe in 2017. According to Technavio’s market research analysts, this regional segment is likely to continue its dominance in the couriers and freight market throughout the forecast period.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the NVOCC aggregator market in Europe?
• What are the key market trends impacting the growth of the NVOCC aggregator market in Europe?
• What are the challenges to market growth?
• Who are the key vendors in the NVOCC aggregator market in Europe?
• What are the market opportunities and threats faced by the vendors in the NVOCC aggregator market in Europe?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the NVOCC aggregator market in Europe?

Technavio also offers customization on reports based on specific client requirement.