January 22, 2020
According to the research report titled ‘Automotive Logistics Market Size By Activity (Warehousing, Transportation [Roadways, Railways, Airways, Waterways]), By Service (Inbound, Outbound, Reverse, Aftermarket), By Distribution (Domestic, International), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Netherlands, China, India, Japan, Australia, South Korea, Thailand, Indonesia, Brazil, Mexico, Argentina, Chile, UAE, Saudi Arabia, South Africa, Iran) Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global automotive logistics market is expected to amass commendable gains by the year 2025.
According to the report, increasing production of automobiles coupled with burgeoning registrations of vehicles are major factors driving the automotive logistics market growth. Shifting focus towards offering integrated warehousing and transportation systems are aiding the market expansion. Favorable government reforms and initiatives are contributing towards the popularity of automotive logistics solutions across the globe.
Key industry players are primarily focusing on upgrading their supply chain operations to improve profitability and efficiency of business operations. This factor coupled with technological advancements pertaining to transporting auto-parts and handling equipment are stimulating the industry outlook. Moreover, key industry players are concentrating on expansion and investing in R&D activities in order to develop advanced tools. Growing demand for efficient supply chain solutions in the automobile sector, right from procurement of raw materials to the final delivery of vehicles, are augmenting the demand for automotive logistics solutions across the globe.
In terms of activity, the report cites that warehousing segment is expected to register substantial growth during the forecast period. Growing demand for reliable and safe storage facilities for automobile parts and components and increasing focus towards outsourcing warehouse operations by automobile manufacturers are fueling the segmental growth.
As per service type, inbound logistics service segment is presumed to expand significantly during the estimated timeframe. Factors such as growing demand for automobile components & parts and raw materials is propelling the market growth. The burgeoning demand for electric vehicles and increasing production of vehicles are also facilitating the business scenario.
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Speaking of distribution channel, international logistics segment is poised to amass commendable gains in the ensuing years, primarily driven by rising export and import activities by major automobile manufacturers.
Considering the geographical landscape, Asia-Pacific automotive logistics market will witness significant growth by the year 2025, cites the study. Flourishing automotive sector and high presence of key industry players are leading to rising adoption of automotive logistics solutions, thereby driving the market growth.
The prominent companies operating in the automotive logistics market are Hellmann, Schnellecke Group AG & Co KG, Imperial Logistics, Ryder System Inc., DSV, Keuhne + Nagel, SNCF Group, XPO Logistics Inc., DHL International GmbH, and CEVA Logistics.
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