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Automotive Logistics Market Ongoing Trends, Driving Factors and Opportunities 2027 - DHL, CEVA Logistics, DB Schenker logistics, DSV A/S, GEODIS, Kuehne + Nagel International AG, Nippon Express and Ryder System

08-07-2019 08:20 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 Dominating Key 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

Key Benefits :

• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Automotive Logistics Market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).

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:

• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.

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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