Automotive Logistics Market accounted to US$ 203.0 Bn in 2018 and is expected to grow at a CAGR of 6.6% during the forecast period 2019 – 2027, to account to US$ 370.8 Bn by 2027.
Geographically, the automotive logistics market is segmented into North America, APAC, Europe, MEA, and SAM regions. APAC leads the automotive logistics market in 2018 with a significant market share and is anticipated to continue its dominance in the coming years. The South East Asian countries are also expected to create ample opportunities for automotive logistics companies. Pertaining to meet the demands for automotive components and spare parts, as well as, finished vehicles from manufacturing plants to different dealerships, the car makers are increasingly collaborating with recognized logistic companies.
Automotive industry is experiencing significant demand for vehicles, which is pressurizing the vehicle manufacturers to deliver the required amount of vehicles. he rise in demand for passenger and commercial automobiles among the global mass is majorly driven by the rise in disposable income and an increase in manufacturing facilities in the developed countries and developing economies. These factors has led the automobile manufacturers to focus on logistics of the vehicle components, wheels significantly, and tires, vehicle skeleton as well as wholly assembled vehicles from one location to another worldwide.
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Top Leading Market Players:
- CEVA Logistics
- DB Schenker logistics
- DSV A/S
- Kuehne + Nagel International AG
- Nippon Express Co., Ltd.
- Ryder System, Inc.
- United Parcel Service of America, Inc.
- XPO Logistics
The global automotive logistics market is segmented on the basis of type, services, and sector. Based on the type, the market is segmented into outsourcing and insourcing. On the basis of the services, the market is classified into transportation, warehousing, packaging processes, integrated service, and aftermarket logistics/reverse logistics. The market by sector is fragmented into passenger vehicle, commercial vehicle, tire, and component.
The autonomous vehicles segment majorly, the passenger cars is gaining substantial popularity in recent time, and several automobile manufacturers are testing autonomous trucks. The autonomous trucks would benefit the logistics companies as well as the suppliers with enhanced safety and shorter lead times. The introduction of autonomous trucks is foreseen to catalyze the industry size of the automotive logistics market.
The global automotive logistics market by type is segmented into insourcing and outsourcing. Insourcing segment dominates the automotive logistics market heavily and is expected to continue its dominance throughout the forecast period from 2019 – 2027. Increased quality control and control over operations achieved in the insourcing method is driving the insourcing market.
The automotive logistics market by services is further segmented into transportation, warehousing, packaging processes, integrated service, and reverse logisticss. Transportation dominates the automotive logistics market heavily and is expected to continue its dominance throughout the forecast period from 2019 – 2027. Transportation is an integral part of the logistic operations and a significant contributor to the logistic expenses. The technological advancement in the system allow to deliver superior services to the clients irrespective of international or domestic.
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What our report offers:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Automotive Logistics Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Automotive Logistics, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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