Press release
Automotive Logistics Market is Expected to reach US$ 302,822.8 million by 2028, Top Companies CEVA Logistics AG, DB Schenker, DHL International
The automotive logistics market was valued at US$ 180,723.8 million in 2020 and is projected to reach US$ 302,822.8 million by 2028; it is expected to grow at a CAGR of 6.4% from 2021 to 2028.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 partner with logistics players to transport their components and finished vehicles from one location to another. With the increasing partnerships, automobile manufacturers and component manufacturers are facilitated with better control in managing inbound and outbound transportation services, shorter lead times, and timely deliveries. Therefore, the increasing number of partnerships between automotive manufacturers and logistics companies drives the growth of automotive logistics market.
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Companies Mentioned:
CEVA Logistics AG, DB Schenker, DHL International GmbH (Deutsche Post AG), DSV A/S, GEODIS, KUEHNE + NAGEL INTERNATIONAL AG, Nippon Express Co., Ltd., Ryder System, Inc., XPO Logistics, Inc., United Parcel Service, Inc,
By Type Services (Transportation, Warehousing, Packaging Processes, Integrated Service, and Reverse Logistics), and Sector (Passenger Vehicle, Commercial Vehicle, Tire, and Component) the outsourcing segment is expected to register a higher CAGR in the global automotive logistics market during the forecast period. The automobile industry relies heavily on the outsourcing of logistics services. These services aid in the acquisition of new information and the expansion of process flexibility. Over the last several years, 3PL industries have steadily given specialized services and IT solutions to the manufacturer’s regions that are outside of the primary focus of the business. Outsourcing automobile logistics for parts sequencing or consolidation networks has shown to be a worthwhile investment.
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The report facilitates in determining and interpreting the key market players, portfolios with necessary information such as company profiles, components and services offered, financial information of past few years, key developments in past few years, that helps in constructing strategies to gain competitive advantage in the long run. The report also analyzes factors affecting Automotive Logisticss market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.
Table of Content
Introduction Scope of the Study The Insight Partners Research Report Guidance Market segmentation Key Takeaways Research Methodology Coverage Secondary Research Primary Research Automotive Logistics Market Landscape Market Overview Ecosystem Analysis PEST Analysis North America PEST Analysis Europe PEST Analysis Asia-Pacific – PEST Analysis Middle East & Africa – PEST Analysis South America PEST Analysis expert opinions and Continue ……
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