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Automotive Logistics Market 2021 Global Industry Share, Size, Industry Outlook, Trends, Competitive Analysis and Forecast Report 2028
Automotive Logistics Market
For More Information in the Analysis of Report: https://www.fortunebusinessinsights.com/automotive-logistics-market-105662
COVID-19 Pandemic: Shortage of Raw Materials to Hamper Growth
The outbreak of the COVID-19 pandemic across the globe has compelled car manufacturers to focus more on localizing their production. This is because the heavy dependence on a single region has put them at high risk. China and Taiwan are considered to be the major production hubs of semiconductors used in vehicles. But, several companies were unable to meet the unexpected rebound in demand after the lockdown was lifted. Since the third quarter of 2020, the industry is facing shortages of raw materials, such as steel and this is why OEMs are striving to surge the demand to replenish their inventories. This is resulting in the shift of automakers towards the changing sourcing strategies, which, in turn, would affect the automotive logistics industry.
A list of renowned companies present in the automotive logistics industry:
• DB Schenker
• BLG LOGISTICS GROUP AG & Co. KG
• CEVA Logistics
• Kuehne+Nagel
• Expeditors International
• DSV
• XPO Logistics, Inc.
• Deutsche Post AG
• SINOTRANS Limited
• C.H. Robinson Worldwide, Inc.
• GEFCO
• Ryder System, Inc.
• Schnellecke group ag & co. Kg
• Penske Automotive Group, Inc.
• Others
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Segments-
Domestic Segment Held 63.5% Share in 2020: Fortune Business Insights™
Based on distribution, the market is bifurcated into international and domestic. Out of these, the domestic segment earned 63.5% in terms of the automotive logistics market share in 2020. The implementation of favorable policies by regulatory bodies to incentivize local production in India and China would bolster growth of this segment.
Quick Buy - Automotive Logistics Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/105662
Drivers & Restraints-
Increasing Need to Reduce Customer Lead Time will Aid Growth
The rising efficiency of finished vehicle logistics (FVL) is expected to bolster the automotive logistics market growth in the upcoming years. The adoption of FVL would reduce the number of trucks. NVD, an Irish vehicle distributor, for instance, enhanced its logistics process by using intelligent solutions. It has therefore doubled its productivity and shortened customer lead times. It can now load eight to ten cars on the truck in 45 minutes. Usually, in Eastern European facilities, this entire process takes more than three hours. However, the shortage of truck drivers may obstruct the demand for automotive logistics.
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Competitive Landscape-
Key Players Focus on Partnerships & Collaborations to Gain a Competitive Edge
The global market houses a large number of big, small, and medium companies that are majorly focusing on participating in collaborations and partnerships to co-develop innovative products. They are mainly trying to automate the inventory and supply chain processes for higher efficiency. Below are the two latest industry developments:
• April 2021: GEFCO joined hands with DP World, UAE Region to provide integrated, flexible solutions for vehicle handling and storage to automotive customers in covered parking of Jebel Ali Port.
• October 2020: DSV partnered up with Verity, a tech innovator to use an autonomous drone system in its warehouses for inventory management. These drones are capable of detecting empty or occupied pellet positions. They can also scan barcodes without the requirement of humans.
Major Table of Content for Automotive Logistics Market:
• Introduction
o Research Scope
o Market Segmentation
o Research Methodology
o Definitions and Assumptions
• Executive Summary
o Market Dynamics
o Market Drivers
o Market Restraints
o Market Opportunities
• Key Insights
o Porter’s Five Forces Analysis
o SWOT Analysis
o Technological Developments
o Distributor Analysis
o Impact of COVID-19
• Global Automotive Logistics Market Analysis, Insights and Forecast, 2017-2028
• Key Findings / Summary
• Market Analysis, Insights and Forecast – By Distribution
o Domestic
o International
• Market Analysis, Insights and Forecast – By Mode of Transport
o Roadways
o Airways
o Maritime
o Railways
• Market Analysis, Insights and Forecast – By Activity
o Warehousing & Handling
o Transportation & Handling
• Market Analysis, Insights and Forecast – By Type
o Finished Vehicle
o Automobile Parts
• Market Analysis, Insights and Forecast – By Region
o North America
o Europe
o Asia Pacific
o Rest of the World
TOC Continued…
You can Find an In-depth Analysis on Automotive Logistics Market by Dr. Daniel Stewart Here: https://www.linkedin.com/pulse/telemedicine-promising-technology-healthcare-industry-stewart/
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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