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Automotive Logistics Market Forecast & Trends By 2027 - Top Companies DHL, CEVA Logistics, DB Schenker logistics, DSV A/S, GEODIS, Kuehne + Nagel International AG, Nippon Express and Ryder System

07-08-2019 07:22 PM CET | Logistics & Transport

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
Automotive Logistics Market

Automotive Logistics Market

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.

Logistics services used by automotive manufacturers for the movement of vehicles and the related parts and components across different countries or markets in the world is termed as automotive logistics. These automotive vendors' partners with different 3PL and 4PL providers, which enable the vendors to attain cost-effective logistics approach. The automotive industry makes use of logistics service for the complete management of resource procurement, storage, and movement to other locations.

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Top Leading Market Players:

1. DHL
2. CEVA Logistics
3. DB Schenker logistics
4. DSV A/S
5. GEODIS
6. Kuehne + Nagel International AG
7. Nippon Express Co., Ltd.
8. Ryder System, Inc.
9. United Parcel Service of America, Inc.
10. XPO Logistics

Market Segmentation:

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.

Rising number of automotive manufacturing facilities

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.

Adoption of autonomous vehicles to prosper automotive industry

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.

GLOBAL AUTOMOTIVE LOGISTICS MARKET SEGMENTATION

Global Automotive Logistics Market – By Type

Outsourcing
Insourcing

Global Automotive Logistics Market - By Services

Transportation
Warehousing
Packaging Processes
Integrated Service
Reverse Logistics

Global Automotive Logistics Market - By Sector

Passenger Vehicle
Commercial Vehicle
Tire
Component

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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.

Contact Us:

The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: www.theinsightpartners.com

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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