Overview and Scope
Automotive logistics refers to a set of activities conducted for the smooth transportation of automotive spare parts and finished vehicles. Automotive logistics consists of inbound procurement, outsourcing & distribution of spare parts, and transporting finished vehicles domestically or internationally. The complexity of the supply chain of automotive logistics requires process planning to achieve maximum efficiency in manufacturing.
Sizing and Forecast
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 growth in the historic period can be attributed to emerging markets growth, increasing sales of automobiles, and growth in international trade.
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%. The growth in the forecast period can be attributed to the increasing government support, global population growth and urbanization, increasing production of electric vehicles, and growing e-commerce sales. Major trends in the forecast period include developing new technologies to aid in transportation of vehicles and their inventory, using electric vehicles (evs) for effective last-mile delivery due to their high maneuverability and small carbon footprint, focusing on partnerships and acquisitions to improve the financial strength and geographical presence, developing advanced logistics management platforms to closely monitor the delivery status of vehicles, and launching new products and solutions to strengthen their position in the market.
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the automotive logistics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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 LogÃstica, TASA LogÃstica, Terminal Zárate, ECSA Group, Ultraport, Grupo Puerto de Cartagena, Andina Freight, TISUR, LogÃstica 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
The automotive logistics market report table of contents includes:
1. Executive Summary
2. Automotive Logistics Market Characteristics
3. Automotive Logistics Market Trends And Strategies
4. Automotive Logistics Market – Macro Economic Scenario
5. Global Automotive Logistics Market Size and Growth
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31. Automotive Logistics Market Other Major And Innovative Companies
32. Global Automotive Logistics Market Competitive Benchmarking
33. Global Automotive Logistics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Logistics Market
35. Automotive Logistics Market Future Outlook and Potential Analysis
36.Appendix
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