Automotive Logistics Market to See Huge Growth by 2027 | DHL, CEVA Logistics, DB Schenker Logistics, DSV A/S, GEODIS, Kuehne + Nagel International AG
According to the new research report published by The Insight Partners, titled “Automotive Logistics Market- Global Analysis and Forecast to 2027”, the global automotive logistics market is expected to reach US$ 370.8 billion in 2027, registering a CAGR of 6.6% during the forecast period 2019-2027.
In 2018, Asia Pacific accounted for the largest market share, growing at a CAGR of 7.4%. There is a significant production of vehicles and automotive components in the region. China, being the most significant vehicle manufacturing country in the Asia Pacific region, produced 27.8 million vehicles in 2018, which showcases, the demand for automotive logistics in the country. Chinese automakers export their vehicles to several countries, including Afghanistan, Brazil, Chile, Egypt, the Philippines, Russia, and Saudi Arabia, among others. The rising demand for Chinese manufactured vehicles in these countries are pressurizing the Chinese automakers to engage themselves in partnering with logistics companies increasingly. This factor is posing a significant business growth opportunity for Chinese logistics companies as well as international logistics partners, thereby, is anticipated to boost the automotive logistics market in the coming years. China accounted for a significant market share in the Asia Pacific automotive logistics market in 2018.
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The report analysis the leading players of the Global Automotive Logistics Market by inspecting their market share, recent developments, new product launches, partnerships, mergers, or acquisitions, and their target markets. This report also includes an exhaustive analysis of their product profiles to explore the products and applications their operations are concentrated on in the global Automotive Logistics Market. Additionally, the report gives two distinct market forecasts, one from the perspective of the producer and another from that of the consumer. It also offers valuable recommendations for new as well as established players of the global Automotive Logistics Market.
Leading Key Market Players Mentioned in the Report:- DHL, CEVA Logistics, DB Schenker Logistics, DSV A/S, GEODIS, Kuehne + Nagel International AG, Nippon Express Co., Ltd. Ryder System, Inc., United Parcel Service of America, Inc., and XPO Logistics among others.
Exhibit: Lucrative Regional Automotive Logistics Markets
An off-the-shelf report on Automotive Logistics Market which has been compiled after an in-depth analysis of the market trends prevailing across five geographies (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). Various segments of the market such as type/components/ application/industry verticals/ end-users are analyzed with robust research methodology which includes three step process starting with extensive secondary research to gather data from company profiles, global/regional associations, trade journals, technical white papers, paid databases etc. followed by primary research (interviews) with industry experts/KOLs to gain their insights and views on current scenarios and future scope of the market as well as validating the secondary information, further internal statistical model is used to estimate the market size and forecasts till 2027.
GLOBAL AUTOMOTIVE LOGISTICS MARKET SEGMENTATION
Global Automotive Logistics Market – By Type
- Outsourcing
- Insourcing
Global Automotive Logistics Market – By Services
- Transportation
- Warehousing
- Packaging Processes
- Integrated Service
- Reverse Logistics
Global Automotive Logistics Market – By Sector
- Passenger Vehicle
- Commercial Vehicle
- Tire
- Component
The report also provides the market size and estimates a forecast from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America providing an exhaustive PEST analysis for all five regions after gauging the political, economic, social and technological factors effecting the Automotive Logistics Market.
The report also analyzes the factors affecting Automotive Logistics Market from both demand and supply side and further evaluates market dynamics i.e., drivers, restraints, opportunities, and future trend, effecting the market during the forecast period.
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