Press release
Automotive Logistics Market to Rise at Moderate CAGR of 6.6% CAGR Through 2027 - Top Companies DHL, CEVA Logistics, DB Schenker logistics, DSV A/S, GEODIS, Kuehne + Nagel International AG, Nippon Express and Ryder System
Automotive Logistics Market
Apart from APAC and North America, Europe remains the third largest geographic segment, as Europe’s automotive logistics sector is growing at a rapid pace owing to the factors such as growing investment in high-tech manufacturing and R&D from some of the world’s biggest vehicle-makers.
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
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.
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Type Insights
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.
Services Insights
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.
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.
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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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