Automotive Logistics Market Global Trends, Analysis and Forecast Upto 2027

"The global 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 2020 - 2027, to account to US$ 370.8 Bn by 2027."

Geographically, the automotive logistics market is segmented into North America, APAC, Europe, MEA, and SAM regions. APAC leads the automotive logistics market in 2018 with a significant market share and is anticipated to continue its dominance in the coming years. The South East Asian countries are also expected to create ample opportunities for automotive logistics companies. Pertaining to meet the demands for automotive components and spare parts, as well as, finished vehicles from manufacturing plants to different dealerships, the car makers are increasingly collaborating with recognized logistic companies.

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Global Automotive Logistics Market - Company Profiles

o CEVA Logistics AG
o DB Schenker
o DHL International GmbH (Deutsche Post AG)
o DSV A/S
o GEODIS
o KUEHNE + NAGEL INTERNATIONAL AG
o Nippon Express Co., Ltd.
o Ryder System, Inc.
o XPO Logistics, Inc.
o United Parcel Service, Inc.

This factor is catalyzing the growth of automotive logistics market in the South East Asia region. North America is the second largest market in the 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.

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.

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.

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Reasons to Buy:

o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the global automotive logistics market, thereby allowing players to develop effective long term strategies.
o Develop/modify business expansion plans by using substantial growth offering in the markets.
o Scrutinize in-depth global market trends and outlook coupled with the factors driving the automotive logistics market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to the segmentations.

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About The Insight Partners :

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 specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.