Global Automotive Logistics Market Size, Key Players, Trends, Global Insights, Growth Forecast: Ryder System, Inc.; BLG LOGISTICS GROUP AG & Co. KG; DB Schenker; YUSEN LOGISTICS CO, LTD.; SEKO; DHL International GmbH.; GEFCO; Hitachi Transport System, Ltd
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Global Automotive Logistics Market Segmented By Activity (Transportation, Warehousing),
Logistics Service (Aftermarket, Outbound, Inbound, Reverse),
Transport (Airways, Roadways, Maritime, Railways),
Distribution (International, Domestic),
Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Global Automotive Logistics Market is expected to rise from its initial estimated value of USD 283.48 billion in 2018, growing to a projected value of USD 512.01 billion by 2026, registering a CAGR of 7.67% in the forecast period of 2019-2026.
This rise in market value can be attributed to the growth of vehicle production and demand globally which has resulted in growth of demand for logistical services.
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Few of the major competitors currently working in the market are Ryder System, Inc.; BLG LOGISTICS GROUP AG & Co. KG; DB Schenker; YUSEN LOGISTICS CO, LTD.; SEKO; DHL International GmbH.; GEFCO; Hitachi Transport System, Ltd.; KUEHNE + NAGEL; Neovia Logistics Services, LLC.; Kintetsu World Express, Inc.; SCHNELLECKE GROUP AG & CO. KG; Penske; DACHSER SE; DSV; CEVA Logistics; Expeditors International of Washington, Inc.; XPO Logistics, Inc.; PANALPINA WORLD TRANSPORT (HOLDING) LTD. and Imperial Holdings Ltd.
Key Developments in the Market:
In January 2019, SEKO announced that they had acquired GoodShip, Inc. This acquisition is SEKO’s first in forty-two years and expected to expand the global market share and help in achieving the targets for their expansion strategy.
In February 2017, YUSEN LOGISTICS CO, LTD. announced that they had acquired Transfreight Automotive Logistics Europe. This acquisition is expected to complement YUSEN’s automotive logistics expertise and services offerings.
Global automotive logistics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive logistics market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Growing urbanization and industrialization resulting in development of infrastructure required for the successful operations of automotive logistics services
Requirement of costly investments and large amounts of infrastructure required for the operations of logistical services
• By Activity
• By Logistics Service
• By Transport
• By Distribution
• By Geography
o North America
o South America
Rest of South America
Rest of Europe
Rest of Asia Pacific
o Middle East & Africa
United Arab Emirates
Rest of Middle East & Africa
Automotive logistics can be defined as a category of logistics service that is used for deliverance and value-addition services in the supply chain of vehicle production. This category handles the distribution, warehousing and transportation of automotive components, and also the entire finished automotive vehicle itself, through different transportation methods such as roadways, air transportation, marine transportation or through railroad tracks.
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