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.
