Acumen Research and Consulting estimates that global automotive logistics market is expected to reach the market value of around US$ 160 Bn by 2027 and is anticipated to grow at a CAGR of around 8.2% in terms of revenue during the forecast period 2020 – 2027.
The process of transporting finished vehicles and their supplies from manufacturers or suppliers at the desired location of the end-users is known as automotive logistics. Replacement parts distribution, integrated production material and warehousing are certain levels that are included in the entire process, ensuring the smooth flow of operations. The rising demand for suppliers to supply replacement parts just in time has also generated the need for automotive logistics, making it one of the influential concerns in the industry as a whole.
The report provides analysis of global Automotive Logistics market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Increased vehicle demand is likely to boost the global automotive logistics market with proliferation of the supply chain system. In addition, future infrastructure projects are likely to help the world automotive logistics market rapidly develop. Electric vehicles are projected to offer the global automotive logistics market a pivotal increase. In the coming years, domestic distribution was expected to contribute largely to the automotive logistics market.
In the global automotive logistics market, low battery efficiency is expected to pose a major threat. Because of this consumer, they are reluctant to move to the vehicle. However, increasing research and development activities to boost battery performance offer a lucrative business path.
Asia Pacific region is anticipated to dominate the market led by China owing to rising car purchases and evolving new vehicle registers. Growing car manufacturing facilities throughout the country would dramatically improve automotive logistics providers' revenue generating possibilities.
Europe will have considerable growth due to growing demand for electric vehicles across the region will mean that. The regional share is escalating, coupled with the increasing transport of finished vehicles together with the concentration of car manufacturers. In addition, the growth of the industry will be driven by growing investment by car manufacturers in expansion of the warehouse.
The market research study on “Automotive Logistics Market (Automotive Logistics Market By Transportation Mode: Airways, Roadways, Railway, Maritime; Automotive Logistics Market By Solution: Outbound logistics, Inbound logistics, Reverse; Automotive Logistics Market By Distribution: International, Domestic) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Automotive Logistics market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Automotive Logistics market size, and segment markets by type, application, and geography along with the information on companies operating in the market. The Automotive Logistics market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Automotive Logistics market is segmented as below:
Automotive Logistics Market By Transportation Mode
Automotive Logistics Market By Solution
Automotive Logistics Market By Distribution
Automotive Logistics Market By Geography
Middle East & Africa
Key Players and Market Situation
The industry is oligopolistic, with main players dominating. Companies offer services driven by technology such as real-time shipment tracking and route optimization. In fact, major industry players partner with other automobile service firms in order to gain a greater market share and to participate in merger and acquisition. Market participants also focus on improving automation technology in order for end users to achieve a competitive edge.
Participants include major global players such XPO Logistics, Inc., DHL International GmbH, SNCF, KUEHNE + NAGEL, Penske Automotive Group, Inc., Neovia Logistics Services, LLC., BLG LOGISTICS GROUP AG & Co. KG, DACHSER,GEFCO, SCHNELLECKE GROUP AG & CO. KG, Ryder System, Inc.,, Penske, DB SCHENKER, Others.
2018, DHL International Gmbh has collaborated with Decathlon to endorse Decathlon's regional supply chain. Both companies work in conjunction to successfully operate a multi-national supply chain, producing their stores with 22,400 inventories of over 85 different sports products. This evolution helps the company improve its retail logistics business.
Growing number of automotive manufacturing facilities is a key driver of the market.
The market value of automotive logistics is anticipated to be around US$ 160 Bn in 2027.
It is anticipated to grow around 8.2% CAGR amid the forecast period 2020-2027.
The key players operating in automotive logistics markets are XPO Logistics, Inc., DHL International GmbH, SNCF, KUEHNE + NAGEL, Penske Automotive Group, Inc., Neovia Logistics Services, LLC., BLG LOGISTICS GROUP AG & Co. KG, DACHSER,GEFCO, SCHNELLECKE GROUP AG & CO. KG, Ryder System, Inc.,, Penske, DB SCHENKER, Others.
Low efficiency of the batteries.
Asia Pacific is projected to grow at a fast pace during forecast period 2020-2027.
Asia Pacific held maximum share in 2019.