Press release
Automotive Logistics Global Market Predicted to Augment and Reach over $396.79 Billion at a CAGR of 8.0% By 2028 | Deutsche Bahn, Geodis SA, CJ Logistics, Sinotrans Limited, Anji Logistics
Automotive Logistics Market
As per the report, the automotive logistics market size has grown strongly in recent years. It will grow from $269.86 billion in 2023 to $291.63 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The automotive logistics market size is expected to see strong growth in the next few years. It will grow to $396.79 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.
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Enhanced Efficiency In Finished Vehicle Logistics Driving Automotive Logistics Market
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 to increase in efficiency in finished vehicle logistics will increase the demand for automotive logistics. For instance, in December 2021, according to Economic Times Auto, an India-based article, India's intercity road logistics spending reached USD 209 billion in 2021, with an annual compounding growth rate of 8%. Therefore, the increasing efficiency in finished vehicle logistics is driving the growth of the automotive logistics market.
Innovative Product Developments Driving Evolution In The Automotive Logistics Market
New product innovations have emerged as a 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. For instance, In March 2021, Tata Motors, an India-based company that manufactures logistic automobile trucks, launched Ultra Sleek T-Series trucks based on smart truck technology. This contains a varied deck length from 10 to 20 feet to adapt to all the required applications. This helps to carry more automotive logistics at a time.
The automotive logistics market covered in this report 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
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Major companies operating in the automotive logistics market report are Deutsche Post DHL Group, Kuehne + Nagel International AG, DSV A/S, Deutsche Bahn, Nippon Express Co., Ltd, CEVA Logistics AG, Geodis SA, Expeditors International, Penske Automotive Group, Inc, Kerry Logistics Network Limited, Hyundai Mobis, Mitsui O.S.K. Lines, STAC Co. Ltd., CJ Logistics, Sinotrans Limited, China Ocean Shipping Company, Anji Logistics, Yusen Logistics Co., Ltd., Eddie Stobart Group, Hellmann Worldwide Logistics, Schenker Deutschland AG, BLG Logistics Group AG and Co. KG, Panalpina, Schnellecke, GEFCO, TNT Express, DB Schenker, Maersk, FESCO Transportation Group, CFR Rinkens LLC, Dachser Group SE and Co. KG, Neovia Logistics Services, LLC, Ryder System Inc., XPO Logistics, Inc., C.H. Robinson, UPS Supply Chain Solutions, FedEx, Brasil Terminal Portuário, Tegma Gestão Logística, TASA Logística, Terminal Zárate, ECSA Group, Ultraport, Grupo Puerto de Cartagena, Andina Freight, TISUR, Logística Andina, Globalink Logistics Group, Port of Haifa, ZIM Integrated Shipping Services, DP World, GAC Dubai, Saudi Global Ports, Bahri Logistics, Qatar Ports Management Company, Milaha, Turkon Holding, Mars Logistics, Emirates SkyCargo, Agility Logistics, Imperial Logistics Ltd., Bidvest Panalpina Logistics, Bakers Transport
Contents of the report:
1. Executive Summary
2. Automotive Logistics Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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