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Automotive Logistics Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Penske Corporation, Deutsche Post DHL Group, XPO Logistics Inc., SNCF, Panalpina World Transport (Holding) Ltd
Automotive Logistics Global Market Report
The Business Research Company's Automotive Logistics Global Market Report 2023 identifies the increasing efficiency in finished vehicle logistics is expected to propel the growth of the automotive logistics market going forward. Finished vehicle logistics refers to a series of stages and processes through which cars get safely delivered to the end customers. This process involves transporting or delivering vehicles from the manufacturer to the customers domestically or internationally. Finished vehicle logistics is used by the automotive industry for the safer delivery of cars as a result due to increase in efficiency in finished vehicle logistics will increase the demand for automotive logistics.
The global automotive logistics market size will grow from $245.45 billion in 2022 to $266.82 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automotive logistics is expected to grow to $340.34 billion in 2027 at a CAGR of 6.3%.
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Major players in the automotive logistics market are Penske Corporation, Deutsche Post DHL Group, XPO Logistics Inc., SNCF, Panalpina World Transport (Holding) Ltd., DSV A/S, Ryder Systems Inc., CEVA Logistics, Nippon Express, Expeditors International, BLG Logistics, DB Schenker, Hellmann Worldwide Logistics, GEFCO, Schnellecke group ag & co. Kg, Hitachi Transport System Ltd., Neovia Logistics Services LLC., CFR Rinkens, GEODIS, Kerry Logistics Network Limited, Dachser Group SE & Co. KG, Yusen Logistics Co. Ltd., and Neovia Logistics Services LLC.
A key trend in the Automotive Logistics market includes the New product innovations have emerged as the new trend gaining popularity in the automotive logistics market. Major companies operating in the automotive logistics sector are focused on developing innovative products to sustain their position in the market.
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The Automotive Logistics market is segmented -
1) By Type: Outsourcing, Insourcing
2) By Activity: Warehousing & Handling, Transportation & Handling
3) By Mode of Transport: Roadways, Airways, Railway, Maritime
4) By Services: Transportation, Warehousing, Packaging Processes, Integrated Service, Reverse Logistics
5) By Distribution: Domestic, International
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Logistics market.
The Business Research Company's "Global Automotive Logistics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Logistics Market Include:
1. Executive Summary
2. Automotive Logistics Market Characteristics
3. Automotive Logistics Market Trends And Strategies
4. Automotive Logistics Market - Macro Economic Scenario
5. Automotive Logistics Market Size And Growth
……
27. Automotive Logistics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Logistics Market
29. Automotive Logistics Market Future Outlook and Potential Analysis
30. Appendix
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