Global Market Insights presents the Automotive Logistics Market provides a detailed overview of major drivers, restraints, challenges, opportunities, current industry trends and strategies impacting the global market along with estimates and forecast of revenue.
The automotive logistics market is estimated to be USD 284.1 billion in 2018 and is projected to reach USD 472.9 billion by 2025, at a CAGR of 7.55%. Growing vehicle production, which increases the demand for raw materials and components, is the key factor driving the growth of the market.
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The automotive logistics market is consolidated and dominated by a few global players. The key players in the market are DHL (Germany), XPO (US), SNCF (France), Kuehne + Nagel (Switzerland), DSV (Denmark), Ryder (US), CEVA (UK), Imperial (South Africa), Panalpina (Switzerland), and Expeditors (US). The study includes an in-depth competitive analysis of the key players in the automotive logistics market, with their company profiles, SWOT analysis of the top 5 companies, recent developments, and key market strategies.
The automotive logistics market has been segmented on the basis of activity (warehouse, transportation), logistics service (inbound logistics, outbound logistics, reverse logistics, and aftermarket logistics), distribution (domestic, international), mode of transport (roadways, railways, maritime, airways), and region [Asia Oceania (China, Japan, India, South Korea), Europe (UK, Germany, France, Russia, Spain, Turkey, and Rest of Europe), and North America (US, Canada, and Mexico), and Rest of the World (Brazil, South Africa, and RoW Others).
The launch of the OBOR project augurs well for the automotive logistics industry as it would lead to seamless connectivity. Similarly, the Indian Railways is working toward 6 dedicated freight corridors across the eastern and western regions of the country. Therefore, Asia Oceania is estimated to hold the largest share in the automotive logistics market.
The key industry participants in the automotive logistics market include CEVA Logistics, DHL International GmBH, XPO Logistics, Inc. SNCF Group, Kuehne + Nagel, DSV, Ryder Systems, Inc., Imperial Logistics, Hellmann, and SCHNELLECKE GROUP AG & CO. KG. The companies are adopting different strategies such as mergers & acquisitions, new product developments, joint ventures and other form of partnerships to increase their market share.
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