Expansion in the more developed markets, however, was slower. In Germany, low domestic demand resulted in below average growth despite buoyant imports and exports. In Spain the drivers of contract logistics market growth were reversed with strong domestic consumption making up for relatively low levels of international trade.
In France the contract logistics sector actually outperformed the overall logistics market as a result of a higher take up of out-sourcing and a demand for higher value add services. The Netherlands benefited from global trade due to its popular location for European Distribution Centres, although domestic demand was weak.
The report also found that there was no evidence to suggest that the UK’s strong affinity with the contract logistics sector would end soon. Above average growth was strongly influenced by buoyant international logistics activity, but domestic demand growth was also a factor.
John Manners-Bell, Chief Analyst at Transport Intelligence, commented, "On the whole, it was another strong year for the contract logistics industry in Europe. Most countries experienced solid growth, with markets at the periphery of the region enjoying the most significant development, albeit from a smaller base."
