Automotive Logistics Market Trends Growth Future Demand Analysis and Forecast by 2028

The global "Automotive Logistics Market" Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, Services, and Sector is expected to grow from US$ 1,97,630.46 million in 2021 to US$ 3,06,121.54 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028.

The growth of the automotive logistics market is being propelled by the increasing number of global automobile manufacturing units. The automotive industry is witnessing a surge in vehicle demand, leading manufacturers to increase production to meet consumer needs. This trend is attributed to the rise in disposable incomes and the growth of manufacturing units in developed and developing nations, resulting in an increased need for passenger and commercial vehicles.

Get a Sample PDF of report @: https://www.premiummarketinsights.com/sample/TIP00009576?utm_source=OpenPr&utm_medium=10688

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
• United Parcel Service of America, Inc

In Europe and North America, the demand for commercial vehicles has led to a growth in manufacturing and assembly units. In 2018, the Organisation Internationale des Constructeurs d'Automobiles (OICA) reported that global automobile manufacturers produced 95.7 million vehicles. To meet the rising demand, manufacturers are placing greater emphasis on the logistics of transporting vehicle components such as wheels, tires, vehicle frames, and fully assembled vehicles from one location to another.

The global automotive logistics market has been significantly impacted by the COVID-19 pandemic, resulting in disruptions to the manufacturing of various products, including cars. The outbreak led to a sharp decline in automobile manufacturing growth, which, in turn, affected the development of the automotive logistics market worldwide. The measures taken to contain the virus, such as factory shutdowns, travel restrictions, trade bans, and border lockdowns, had an adverse effect on the production, supply, and sales of various automobile components. The automotive industry has been hit hard by supply chain disruptions, technology event cancellations, and temporary shutdowns of 97% of North America and Europe's light vehicle manufacturing plants.

Get Full Report here @: https://www.premiummarketinsights.com/reports-tip/automotive-logistics-market

Automotive Logistics Market Segmentation:

By Type:
• Outsourcing
• Insourcing

By Services:
• Transportation
• Warehousing
• Packaging Processes
• Integrated Service
• Reverse Logistics

By Sector:
• Passenger Vehicle
• Commercial Vehicle
• Tire
• Component

Based on services, the market is categorized 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. On the basis of sector, the market is classified 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.

Buy this report @: https://www.premiummarketinsights.com/buy/TIP00009576?utm_source=OpenPr&utm_medium=10688

Other Reports:

Medical Mattress Market Competitor Analysis Winning Strategies and Growth Drivers 2028- https://www.marketwatch.com/press-release/medical-mattress-market-competitor-analysis-winning-strategies-and-growth-drivers-2028-2023-04-18?mod=search_headline

Smart Card Material Market Will Generate New Growth Opportunities in Upcoming Year 2028- https://www.marketwatch.com/press-release/smart-card-material-market-will-generate-new-growth-opportunities-in-upcoming-year-2028-2023-04-18?mod=search_headline

Contact Us:

If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com

About Us:

Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

This release was published on openPR.