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Automotive Logistics Market Size US$ 222.4 Billion by 2028 | Hit CAGR of 5.7%

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The global Automotive Logistics market size is expected to be worth around US$ 222.4 billion by 2028, according to a new report by Vision Research Reports.

The global Automotive Logistics market size was valued at US$ 141.7 billion in 2020 and is anticipated to grow at a CAGR of 5.7% during forecast period 2021 to 2028.

Growth Factors

The growth of the automotive logistics market is directly linked to the demand for automobile and automobile parts, development of comprehensive world-wide trade flow, and existing economic environment. Furthermore, rapid proliferation of trade agreements among various countries is a key factor fueling the growth of the market.

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Automotive logistics is a part of the automotive supply chain, which spans across the globe. Automotive logistics ensures seamless transportation of component, system, and finished vehicle in the economy, starting from pre-assembled components to the transport of finished automobiles to a local warehouse. Automotive logistics is crucial for raw material producers, components suppliers, vehicle manufacturing, spare parts suppliers, and automotive sales. It comprises inbound logistics of raw materials and components, garage logistics of the manufacturing process, sales logistics of spare parts, and finished vehicle, which also includes loading/unloading, storage, transportation, information processing, distribution, and delivery. In a broader supply chain, automotive logistics also provides transportation of automotive industry waste for recycling.

Report Highlights

The transportation segment dominated the market with a revenue share of 82.1% in the year 2019 and is expected to maintain its lead over the forecast period. Transportation services are one of the critical services in automobile manufacturing. This is because automobile manufacturers source the automobile parts from different companies located across the globe and sell the final finished automobile in another country. Furthermore, production strategies such as just-in-sequence (JIS) and just-in-time present opportunities for logistics service providers.

The domestic segment held the largest share of 62.1% in 2019 and is expected to expand at the fastest CAGR over the forecast period. This growth can be attributed to supportive government policies to subsidize manufacturing in countries, such as China, India, and Brazil. The key reason behind implementing this strategy is technology transfer, creation of employment, and contribution to the GDP. Another benefit for the economy was the direct injection of cash and the creation of additional jobs for local suppliers of automotive accessories and spare parts.

Based on the type, the market for automotive logistics has been segmented into finished vehicle and automobile parts. The automobile parts segment led the market and accounted for more than 76% share of the global revenue in 2019. The automobile parts segment includes the revenue generated from the logistics of spare parts from both the automobile manufacturer as well as aftermarket.

The inbound logistics solution segment led the market with a 66.7% share of the global revenue in 2019 and is expected to witness the fastest growth over the forecast period. Increasing emphasis on developing a logistics infrastructure and a public-private partnership model to facilitate ease of transportation from manufacturers to local warehouse is expected to drive the inbound logistics segment by 2027. The inbound logistics include storage, transportation, and dissemination of automobile and spare parts to local warehouses whereas the outbound segment consists of the revenue generated through transportation of automobile and spare parts from the warehouse to end user.

Asia Pacific captured more than 30.0% share of the total revenue in 2019 and is expected to witness the fastest growth over the forecast period. Economic growth in China and India is strengthening regional market growth. Key factors such as rising e-commerce penetration and economic revival are contributing to the industry growth in India and China. Furthermore, increasing ongoing investments in airways, roadways, railways, and maritime trade across emerging countries, such as China, India, and Japan, are expected to bolster logistics and warehousing demand over the forecast period.

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Key Players

  • BLG LOGISTICS GROUP AG & Co. KG
  • CEVA Logistics
  • GEFCO
  • Hellmann Worldwide Logistics
  • Penske Automotive Group, Inc.
  • CFR Rinkens
  • Expeditors International of Washington, Inc.
  • Imperial Logistics
  • Kerry Logistics Network
  • Nippon Express Co. Ltd.
  • Ryder System, Inc.
  • Schnellecke group ag & co. Kg

Market Segmentation

  • Activity Outlook 
    • Warehousing
    • Transportation
      • Roadways
      • Airways
      • Maritime
      • Railways
  • Type Outlook
    • Finished Vehicle
    • Automobile Parts
  • Distribution Outlook 
    • Domestic
    • International
  • Logistics Solution Outlook 
    • Inbound
    • Outbound
    • Reverse
  • Regional Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa

The Automotive Logistics market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Automotive Logistics market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Automotive Logistics market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive Logistics market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Automotive Logistics market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Automotive Logistics capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Automotive Logistics by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Automotive Logistics market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Automotive Logistics market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Automotive Logistics market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Automotive Logistics industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Automotive Logistics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Automotive Logistics market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Automotive Logistics market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Automotive Logistics market. These factors have benefited the growth of the global market for Automotive Logistics. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Automotive Logistics. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Automotive Logistics are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Buy this premium research report, click here@ https://www.visionresearchreports.com/report/cart/36485 OR Call: +1 9197 992 333

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