Press release
Automotive Logistics market Growth Steady at 14.0% CAGR by 2027
Automotive Logistics market
The automotive e-commerce platform offers several benefits for customers, dealers, wholesalers, and retailers in terms of attracting new business buyers, such as generating customer loyalty by presenting lucrative offers to them; rapidly expanding into new markets; improving customer buying experiences; and proper management of an unlimited number of stock-keeping unit (SKUs) & products. This results in more orders and increasing sales of automotive vehicles. A few well-known automotive e-commerce platforms include BigCommerce Pty. Ltd.; Oro, Inc.; Cellacore, Inc.; Web Shop Manager; and Adobe Commerce.
The increasing automotive e-commerce platforms across the globe is creating opportunities for automotive logistics providers to expand their businesses. Also, post-COVID-19 pandemic, the automotive e-commerce sector is expected to offer opportunities for all industry participants, including the original equipment manufacturers (OEMs), workshops & garages, distributors, end customers, non-auto stakeholders, and mobility startups. According to the article published by The Outreach in December 2021, consumers prefer online shopping due to the COVID-19 pandemic. The supply movement led to a massive demand for intermediate commercial vehicles (ICVs) and small commercial vehicles (SCVs).
Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://www.theinsightpartners.com/sample/TIPRE00003366/
Companies Profiled in this report includes: CEVA Logistics AG; DB Schenker; DSV A/S; DHL International GmbH (Deutsche Post DHL Group); GEODIS; Kuehne + Nagel Management AG; Nippon Express Co., Ltd.; Ryder System, Inc.; XPO Logistics, Inc.; and United Parcel Service of America
Impact of COVID-19 Pandemic on Automotive Logistics Market
The COVID-19 outbreak caused significant disruptions in the manufacturing of various products, including cars. A sharp decline in the growth of manufacturing of automobile has impacted the growth of the global automotive logistics market. The factory shutdowns, travel restrictions, trade bans, and border lockdowns to contain the outbreak have impacted the manufacturing, supply, and sales of various automobile components. The global automotive industry is one of the major industries experiencing severe disruptions due to supply chain breaks, technology events cancellations, and factory & office shutdowns as a result of this outbreak. The automotive industry is adversely affected by temporary shutdown of 97% of the light vehicle manufacturing plants in North America and Europe.
Have a 15-minute-long discussion with the lead analyst and author of the report in a time slot decided by you. You will be briefed about the contents of the report and queries regarding the scope of the document will be addressed as well - https://www.theinsightpartners.com/speak-to-analyst/TIPRE00003366
Key Findings of Study:
Based on type, the global automotive logistics market is bifurcated into outsourcing and insourcing. In 2021, the insourcing logistics segment dominates the automotive logistics market in terms of market share, as the insourcing logistics type mandates the need for transportation system capabilities and the human capital to manage logistics tasks. Based on services, the global automotive logistics market is segmented into transportation, warehousing, packaging processes, integrated service, and reverse logistics. In 2021, the integrated service segment led the automotive logistics market in terms of the fastest growth rate. Through integrated service logistics, the companies influence the cost and can manage operations throughout the large panel of the automotive sub-segments. Based on sector, the global automotive logistics market is segmented into passenger vehicle, commercial vehicle, tire, and component. In 2021, the component segment dominated the market in terms of market share, as a completely integrated involves small, medium, and large-size components assembled by the automobile OEMs. By geography, the automotive logistics market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). Asia Pacific dominated the automotive logistics market in 2021 in terms of market share.
Automotive Logistics Market Insights
Increasing Usage of Finished Vehicle Logistic Services
With the increase in vehicle production, logistics service providers are focusing on developing better automotive logistics operations. Thus, the logistics service providers are implementing finished vehicle logistics (FVL) services to manage logistics operations better. FVL operations help gain real-time vehicle location data and analytics, obtain complete control over vehicle movement for logistics service providers, and reduce cost & errors linked with legacy technologies, including manual scanning & radio-frequency identification (RFID). Rhenus Group (a leading logistics service provider) observed a significant decline in 2020 due to COVID-19 impact on the decline in automobile production. The company implemented FVL and automotive logistics services from 2021.
In its first six months of implementation of FVL services, it transported 86 high-performance vehicles in Europe, as per the article published by the Rhenus Group in November 2021. Thereby, utilizing a mixture of air, sea, and road transportation, the FVL solution from Rhenus Group provided a better logistics service to vehicle dealers and original equipment manufacturers (OEMs). Hence, the increasing usage of FVL services is driving the market growth of the automotive logistics market.
Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods - https://www.theinsightpartners.com/buy/TIPRE00003366/
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
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 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.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Logistics market Growth Steady at 14.0% CAGR by 2027 here
News-ID: 2625549 • Views: …
More Releases from The Insight Partners
Manganese Carbonate Market, Size, Competitors Strategy, Regional Analysis and Gr …
A report has come out that gives an overview of the Manganese Carbonate Industry along with a detailed explanation that provides plenty of insight. The definition of the product/service along with the different applications of this product service in different end-user industries can be found in the overview. There is also plenty of information that highlights the growth trajectory of the Global Manganese Carbonate Market. The information provides a strong…
Aquaponics Products Market, Size, Competitors Strategy, Regional Analysis and Gr …
A report has come out that gives an overview of the Aquaponics Products Industry along with a detailed explanation that provides plenty of insight. The definition of the product/service along with the different applications of this product service in different end-user industries can be found in the overview. There is also plenty of information that highlights the growth trajectory of the Global Aquaponics Products Market. The information provides a strong…
Emerging Trends Shaping the Global Threat Intelligence Security Market
Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
Get More Details with Sample PDF Copy @ https://www.theinsightpartners.com/sample/TIPRE00039654?utm_source=OpenPR&utm_medium=10784
Threat Intelligence Security Market: Competitive Landscape and Key Developments:
Anomali Inc.
Datto Holdings Corp.
F Secure Corp.
Farsight Security Inc.
Fortinet Inc.
Intel 471 Inc.
International Business…
Solar Inverters Market Analysis, Size, Share, Growth and Forecast by 2031
A Solar Inverter, also known as a photovoltaic (PV) inverter, is a device that converts direct current (DC) electricity from solar panels into alternating current (AC) electricity that can be used by the electrical grid or local electrical networks. Inverters are a key part of a solar system and are the main connection between the panels and the electrical distribution panel in a house. The conversion makes solar-generated power compatible…
More Releases for Logistic
A Complete Guide - Logistic Services
Logistics services include first and second-party logistics providers, third-party logistics (3PL), Fourth Party Logistics, and Fifth Party Logistics. Logistic services are an essential part of supply chain management. Fourth-party logistics services deliver products to the end-customers and grow profit margins. Logistics services include all the elements of the supply chain, from the delivery of goods from the factories to the end consumers. They consist of the transportation of goods from…
Logistic Market ||Demand and Forecast 2030
The "Logistic Market Analysis to 2030" is a specialized and in-depth study of the Logistic industry with a focus on the Logistic market trend. The report aims to provide an overview of the Logistic market with detailed market segmentation by component, application, end-user, and geography. The Logistic market is expected to witness high growth during the forecast period. The report includes key statistics on the market status of the leading…
transport logistic 2013
Cloud Computing experts report at the industry´s fair/ IT technology makes logistics more efficient „at the push of a button“ AXIT AG presents successful projects based on cloud technology / „Xpert-Days“ give a live insight into cloud-based SCM projects.
The heart of cloud technology beats at booth 527 in hall B2: "Today anyone who wants to operate a delivery chain in an economical and transparent way cannot bypass…
Sustainably optimising logistic processes
Bizerba presents weighing and labelling components at Macropack 2010 in Utrecht
Balingen/Utrecht, 20th September 2010 - The solution provider Bizerba will present its new system components for logistic and intralogistic processes from 5th until 8th October at Macropack 2010, the international packaging trade fair held in Utrecht. These system components easily fulfill the growing demands of this sector: the Kontrollwaage (Check weigher) CWE to check giveaway; the Durchlaufwaage (Continuous weigher) CWL-Eco…
transport logistic China 2008
Germany, Belgium, the Netherlands, Russia, Spain, the Czech Republic and the Italian regions of Friuli and Veneto are all exhibiting at their own national pavilions in Shanghai
transport logistic China, the meeting point for transport, logistics and telematics, is going from strength to strength. At this exhibition, which takes place from 17 to 19 June 2008 in Shanghai, groups of exhibitors from the following countries will be exhibiting at their own…
transport logistic China 2008: New date for transport logistic China 2008 has be …
The international trade fair for transport, logistics and telematics in Asia, will take place at the Shanghai New International Expo Center (SNIEC) in China from 17 to 19 June 2008. Munich Trade Fairs International Group has decided to shorten the days of transport logistic China from four to three days. This is due to the request of many exhibitors, who whish to focus on a three days period only.
Modeled…
