Automotive Logistics Market Outlook to 2027 - Ryder System, CEVA Logistics, DB Schenker, DHL International GmbH (Deutsche Post AG), DSV A/S, GEODIS, KUEHNE + NAGEL INTERNATIONAL, Nippon Express, XPO Logistics, United Parcel Service

According to the new research report published by The Insight Partners, titled “Automotive Logistics Market- Global Analysis and Forecast to 2027”, the global automotive logistics market is expected to reach US$ 370.8 billion in 2027, registering a CAGR of 6.6% during the forecast period 2019-2027.

In 2018, Asia Pacific accounted for the largest market share, growing at a CAGR of 7.4%. There is a significant production of vehicles and automotive components in the region. China, being the most significant vehicle manufacturing country in the Asia Pacific region, produced 27.8 million vehicles in 2018, which showcases, the demand for automotive logistics in the country. Chinese automakers export their vehicles to several countries, including Afghanistan, Brazil, Chile, Egypt, the Philippines, Russia, and Saudi Arabia, among others.

The rising demand for Chinese manufactured vehicles in these countries are pressurizing the Chinese automakers to engage themselves in partnering with logistics companies increasingly. This factor is posing a significant business growth opportunity for Chinese logistics companies as well as international logistics partners, thereby, is anticipated to boost the automotive logistics market in the coming years. China accounted for a significant market share in the Asia Pacific automotive logistics market in 2018.

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The global automotive logistics market is experiencing a stable growth in the current scenario and is anticipated to rise in the coming years. The automotive logistics market comprises of several tier1 and tier2 companies across the globe, which capitalizes substantial amounts intending to develop robust service portfolios. Additionally, the global automotive industry is experiencing a rising number of partnerships between the automakers and logistics service providers, which is furnishing the market size of automotive logistics in the current scenario.

The Asia Pacific accounted for the largest market share in 2018. The dominance of the region is majorly attributed to the presence of large numbers of Chinese automotive and manufacturers and a significantly large logistics industry in the county. China is one of the prominent leaders in global electric vehicle development globally and ranks first in the Asia Pacific region.

Also, the country houses a number of automobile manufacturers, and in the current scenario, these Chinese automakers export their finished vehicles to international market, and also they transport Complete Knock Down (CKD), Medium Knocked Down (MKD) and Semi Knock Down (SKD) to various assembly plant across the country and internationally. This factor has led the Chinese automakers to opt for logistics partners to deliver their products. A similar trend is also witnessed in India, South Korea, and Japan, where the density of automaker is enormous. Pertaining to these factors, the demand for automotive logistics is much higher in the region, and the automotive industry is expected to upsurge remarkable growth in the coming years, which is further foreseen to drive the automotive logistics market in the coming years.

On the other hand, European and North American countries are also expected to witness remarkable growth owing to the increase in automotive manufacturing in different countries. The import of automobiles and automotive components in the Middle East and African countries is foreseen to increase, thereby, fueling the growth of automotive logistics in respective countries. The automotive logistics market in South American countries, especially, Brazil and Chile is likely to profit, attributing to increasing demand for automobiles and automotive components in the years to come.

The report also includes the profiles of key automotive logistics companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years. The top companies operating in the field of automotive logistics include Deutsche Post DHL Group, Kuehne + Nagel International AG, United Parcel Service of America, Inc., and others. Many other companies operating in the market and are coming up with new technologies and offerings, which is helping the market for the automotive logistics to expand over the years in terms of revenue.

The automotive industry has been one of the prime contractors of logistics companies over the years, and the latter has benefitted massively from the automotive industry. The automotive industry players continuously engage themselves in partnering with logistics partners to transport their components as well as finished vehicles from one location to another. With the increasing partnerships, automobile manufacturers and component manufacturers are facilitated with better control in managing inbound as well as outbound transportation service, shorter lead times, and timely deliveries. The increasing number of partnerships among automotive manufacturers and logistics companies are positively impacting on the growth of automotive logistics market.

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The top five companies in the automotive logistics market include XPO Logistics, United Parcel Service Of America, Inc., DHL, Ryder System, Inc., and Kuehne + Nagel International Ag. The above listing is based on several factors including automotive logistics segment revenue, product portfolio, upcoming products, investment in R&D, mergers and acquisitions activities, and future plans.

Companies have taken several market initiatives in order to expand their footprint across the world and to fulfill the growing demand of the market. In 2019, DHL Freight has started using first long-haul trucks driven by liquefied natural gas (LNG). These trucks are capable of towing a mega-trailer. The Iveco Stralis is expected to run a daily shuttle service in Southern Germany between BMW Group’s production plant and logistics center of DHL. Further, the Swedish Transport Agency (STA) has approved a partnership between an autonomous truck developer Einride and DB Schenker to commence with trials of a driverless vehicle on public roads.

Key findings of the study:

China holds the largest automotive logistics market share in the Asia Pacific region. The Chinese economy comprises of many automobile manufacturers who are continuously focusing towards the development of automotive logistics in the country. For instance, Kuehne + Nagel to create a new joint venture with Sincero, a Chinese company. The joint venture aims to offer logistics services to the automotive sector. It enhances the Kuehne + Nagel’s automotive logistics business for both tier one suppliers by 70% as well as Chinese OEMs.

The company has a strong automotive imprint across China through different partnerships with premium and best European brands, such as new dealer distribution centers in Shanghai and Beijing for BMW. Such partnership and collaboration between the market players will propel the automotive logistics market in the forecast period.

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This release was published on openPR.