Press release
Automotive Logistics Market to Reach Worth of $ 589.1 Billion by 2031
Automotive Logistics Market - Key Findings of Report
Expansion of E-commerce Sector Propels Market Growth: Logistics services are utilized by stakeholders in the e-commerce sector to monitor and efficiently manage their delivery, distribution, and supply chains. Increase in adoption of smartphones and growing penetration of high-speed internet services are propelling market demand within the global e-commerce industry. Young individuals, who are more tech-savvy, are increasingly opting for online purchasing, to select from a wide range of products, for comfort of shopping from their houses, and to avail e-commerce platform sponsored discounts. The expansion of the e-commerce sector is boosting demand for automotive logistics services.
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Automotive Logistics Market - Growth Drivers
Rise in trend of outsourcing manufacturing of automotive components offers attractive business opportunities for industry players
Increase in usage of emerging technologies, such as linked ships, Internet of Things, and Big Data to enhance supply chain management bolsters market development
Rapid expansion of the e-commerce industry propels the automotive logistics market
Automotive Logistics Market - Key Players
Leading players profiled in the automotive logistics market research are Bollore Transport & Logistics, CJ Logistics Corporation, DHL International GmbH, GEODIS, Imperial Logistics, Nippon Express Co., Ltd., Schnellecke Group AG & Co. KG, United Parcel Service of America, Inc. (UPS), BLG Logistics Group AG & Co. KG, Dachser Group SE & Co. KG, DSV A/S, GEFCO, Kerry Logistics Network International AG, Panalpina World Transport (Holding) Ltd., Sinotrans Limited, XPO Logistics, Inc., CEVA Logistics, Expeditors International of Washington, Inc., Hellmann Worldwide Logistics GmbH & Co. KG, Kuehne + Nagel International AG, Ryder System, Inc., and SNCF.
The global automotive logistics market has a consolidated competitive landscape, owing to the presence of a large number of multinational players accounting for majority market share. Market players are leveraging the power of new and emerging technologies to set themselves apart from their competitors. Industry stakeholders are collaborating with technology providers to leverage the power of new technologies. Other growth strategies employed by key market players include mergers and acquisitions, as well as expansion of existing services portfolios.
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