According to SPER Market Research, Portugal, which is situated on the western coast of the Iberian Peninsula, is ideally situated for activities including storage and logistics. Portugal has a lengthy maritime trading history, and as a result, it has a well-developed infrastructure for the movement of commodities, including roads, trains, and ports. In recent years, the nation has established itself as a major participant in the logistics and warehousing sector, with businesses establishing distribution centres and logistics hubs to take advantage of the country’s strategic location and welcoming business environment.
Portugal’s logistics and storage industry is a key part of the national economy, serving a variety of sectors including industrial, retail, e-commerce, and foreign trade.
Businesses in the industry are using new technologies and procedures to increase efficiency and lessen their environmental effect due to an increasing emphasis on sustainability and innovation.
Portugal Logistics and Warehousing Market Overview:
- Forecast CAGR (2022–2032): 7.88%
- Forecast Market Size (2032): 16.37 billion
Portugal’s logistics and warehousing sector is anticipated to expand further in the years to come, with rising demand for its services being fuelled by the nation’s advantageous geographic location, close ties to the European Union, and expanding reputation as a centre for innovation and sustainability.
The COVID-19 epidemic has had an impact on Portugal’s logistics and storage business. The sector has seen a number of difficulties, disruptions, and adjustments as a result of the epidemic, notably with regard to supply chain management, transportation, and warehousing.
The COVID-19’s interruption of international commerce, which has impacted the movement of products and commodities into and out of the country, has been one of the most severe effects on the logistics and warehousing business in Portugal. As a result, businesses have had to modify their operations to take into consideration delays, supply chain bottlenecks, and other difficulties. This has had an impact on logistics and warehousing.
A change in consumer behaviour, including a sharp rise in internet shopping and home delivery, has been another effect of the epidemic. As businesses work to fulfil the evolving expectations of their consumers, this has increased demand for logistics and storage services, particularly in the last-mile delivery industry.
Portugal Logistics and Warehousing Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Abreu Cargo, CEVA Logistics, CTT, DB Schenker, DHL Express Portugal, DHL Portugal, DSV Portugal, FedEx, FedEx Express, Garland, Kerry Logistics, KUEHNE + NAGEL, LasoTransportes, LKW Walter, Logista (NACEX), Noatum Logistics, Panalpina, Rangel, SEKO Logistics, SEUR- DPD Group, TAP, TIBA, TNT Portugal, Transcinco, Transitex, UPS Express, Urbanos.
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Portugal Logistics and Warehousing Market Segmentation:
By Product: Based on the Product, Portugal Logistics and Warehousing Market is segmented as; Chemicals, Confectionaries, Food and Beverages, Meat and Sea Food, Pharmaceuticals, Others.
By Type of Warehouse: Based on the Type of Warehouse, Portugal Logistics and Warehousing Market is segmented as; Closed Warehouse, Cold Storage, Open Warehouse.
By Business Model: Based on the Business Model, Portugal Logistics and Warehousing Market is segmented as; Cold Storage, Freight /Inland Container Depot, Industrial /Retail Container, Others.
By Market Structure: Based on Market Structure, Portugal Logistics and Warehousing Market is segmented as; B2B, B2C, C2C.
By International and Domestic Express: Based on International and Domestic Express, Portugal Logistics and Warehousing Market is segmented as; Domestic Express, International Express.
By Air and Ground Express: Based on Air and Ground Express, Portugal Logistics and Warehousing Market is segmented as; Air Express, Ground Express.
By Delivery Period: Based on Delivery Period, Portugal Logistics and Warehousing Market is segmented as; Delivery In 1 day, Delivery In 2 days, Delivery In 3 days, Delivery In more than 3 days.
By End User: Based on End User, Portugal Logistics and Warehousing Market is segmented as; Automotive Spare Parts and Components, Chemicals, Dangerous Goods, Food and Beverages, Healthcare, Retail, Others.
By Region: In terms of regional growth, the report states that the northern region of Portugal has the highest market share in the logistics and warehousing industry, followed by the central and southern regions. The northern region is home to major ports such as the Port of Leixões and the Port of Viana do Castelo, which serve as important gateways for imports and exports.
Additionally, the Lisbon metropolitan area, which is located in the central region, is also an important hub for logistics and warehousing, as it is home to the Port of Lisbon and the Lisbon International Airport.
Overall, Portugal’s logistics and warehousing industry is expected to experience steady growth in the coming years, driven by increasing trade volumes and the country’s strategic location as a gateway to the European Union.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.