Spain Logistics Market Growth

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Spain Logistics Market Growth
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Growth of 3PL logistics, growing requirement for
inverse logistics, technological modernization of
warehouses and growing mergers acquisitions in
logistics sector were the key factors driving
growth of Spain Logistics Market. Spain ranked
23rd according to Global Logistics Performance
Index and it is one of the most significant
logistics markets in Europe. Optimum geographic
position of Spain as an entry point into Europe
and connection with Africa and Latin America acts
as a good strategic position for its ports for
commerce with Asia. Additionally, existence of
logistics know-how, business awareness and high
quality of living standards has aided the
logistics industry of the country over the years.
To provide better logistics services 3PL
companies have been focusing on increasing their
employee size, implementing information
data-driven solutions and expanding their
geographical coverage. Recently, logistics
service providers have turned to mergers
acquisitions to fill service gaps and expand
their coverage across the nation.
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Spain has been witnessing rising demand for
modern warehousing and this demand has been
majorly witnessed from logistics, e-commerce, 3PL
and other distribution firms. The use of more
advanced technology in warehouse management such
as automation, robotics, bar-coding, ASRS,
cross-docking, internet-enabled warehouse
management systems have gained prominence in the
market. Additionally, increasing urbanization and
growth in FMCG and retail sectors backed with
robust growth of manufacturing sector in Spain
have aided the overall logistics industry of the
country. Logistics development in recent years
has placed Spain in a prominent position in the
European market and with possible opportunities
such as globalization of economy, falling
logistics cost, improvement in quality of service
and incorporation of new high added value
services, the logistics market of Spain will grow
at a modest growth rate.  
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The report titled Spain Logistics Market by
Service Mix (Freight Forwarding Market,
Warehousing Market and Value Added Services), by
Third Party Logistics, by Cold Chain Logistics,
By Express Delivery Logistics and by Industries
(Oil Gas, Engineering Equipment, Food
Beverages, Metals, Automotive and Others) -
Outlook to 2022 by Ken Research suggested that
increasing technological innovations backed up
with improvement in distribution networks will
majorly contribute to the overall revenue growth
of Spain logistics market in next 5 years till
2022.
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For more information on the research report,
refer to below link https//www.kenresearch.com/a
utomotive-transportation-and-warehousing/logistics
-and-shipping/spain-logistics-market-research-repo
rt/142309-100.html  Related Reports by Ken
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Investment Activity and E-Commerce Logistics to
Drive Future Growth   Contact UsKen
ResearchAnkur Gupta, Head Marketing
CommunicationsAnkur_at_kenresearch.com91-901537824
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