DUBLIN–(BUSINESS WIRE)–The “Automotive Logistics Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type, Services, and Sector” report has been added to ResearchAndMarkets.com’s offering.
The global Automotive Logistics Market is expected to grow from US$ 1,97,630.46 million in 2021 to US$ 3,06,121.54 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028.
Rising Number of Automobile Manufacturing Units Globally Boosts Automotive Logistics Market Growth
The global automotive sector is experiencing significant demand for vehicles, pressuring the vehicle manufacturers to deliver the required number of vehicles. The surge in demand for passenger and commercial automobiles across the globe is majorly driven by the increase in disposable incomes and growth in manufacturing units in developed and developing countries.
In European and North American countries, an increase in the need for commercial vehicles has led these countries to experience a growth in commercial vehicle manufacturing units or assembly units. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), automobile manufacturers across the globe produced 95.7 million vehicles in 2018.
With the continuously rising demand for vehicles globally, automobile manufacturers are increasingly focusing on growing the number of automobile manufacturing units. This factor has led the automobile manufacturers to focus on the logistics of the vehicle components, including wheels, tires, vehicle skeleton, and fully assembled vehicles from one location to another.
The COVID-19 outbreak caused significant disruptions in the manufacturing of various products, including cars. A sharp decline in the growth of manufacturing of automobile has impacted the growth of the global automotive logistics market. The factory shutdowns, travel restrictions, trade bans, and border lockdowns to contain the outbreak have impacted the manufacturing, supply, and sales of various automobile components.
The global automotive industry is one of the major industries experiencing severe disruptions due to supply chain breaks, technology events cancellations, and factory & office shutdowns as a result of this outbreak. The automotive industry is adversely affected by temporary shutdown of 97% of the light vehicle manufacturing plants in North America and Europe.
Key Findings of Study:
In 2021, the insourcing logistics segment dominates the automotive logistics market in terms of market share, as the insourcing logistics type mandates the need for transportation system capabilities and the human capital to manage logistics tasks.
Based on services, the global automotive logistics market is segmented into transportation, warehousing, packaging processes, integrated service, and reverse logistics. In 2021, the integrated service segment led the automotive logistics market in terms of the fastest growth rate. Through integrated service logistics, the companies influence the cost and can manage operations throughout the large panel of the automotive sub-segments.
Based on sector, the global automotive logistics market is segmented into passenger vehicle, commercial vehicle, tire, and component. In 2021, the component segment dominated the market in terms of market share, as a completely integrated involves small, medium, and large-size components assembled by the automobile OEMs. Asia Pacific dominated the automotive logistics market in 2021 in terms of market share.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Automotive Logistics Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
4.4 Expert Opinions
5. Global Automotive Logistics Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Rising Number of Automobile Manufacturing Units Globally
5.1.2 Growing Partnerships among Automobile Manufacturers and Logistic Providers
5.1.3 Increasing Usage of Finished Vehicle Logistic Services
5.2 Key Market Restraints
5.2.1 Complicated Nature of Supply Chain Business
5.3 Key Market Opportunities
5.3.1 APAC Automobile Manufacturers creates Significant Business Opportunities for Automotive Logistic Providers
5.3.2 Surge in the usage of Automotive E-commerce Platforms
5.4 Future Trends
5.4.1 Integration of Smart Automotive Technologies and Autonomous Vehicles Globally
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Logistics Market – Global Analysis
6.1 Global Automotive Logistics Market Overview
6.2 Global automotive logistics Market Forecast and Analysis
6.3 Market Positioning -Top 5 Players
7. Global Automotive Logistics Market Analysis – By Type
7.1 Overview
7.2 Global Automotive Logistics Market Breakdown, By Type, 2020 & 2028
7.3 Outsourcing
7.4 Insourcing
8. Global Automotive Logistics Market Analysis – By Services
8.1 Overview
8.2 Global Automotive Logistics Market Breakdown, By services, 2020 & 2028
8.3 Transportation
8.4 Warehousing
8.5 Packaging Processes
8.6 Integrated Service
8.7 Reverse Logistics
9. Global Automotive Logistics Market Analysis – By Sector
9.1 Overview
9.2 Global Automotive Logistics Market Breakdown, By Sector, 2020 & 2028
9.3 Passenger Vehicle
9.4 Commercial Vehicle
9.5 Tire
9.6 Component
10. Automotive Logistics Market Revenue And Forecasts To 2027 – Geography
11. Impact Of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
- CEVA Logistics AG
- DB Schenker
- DSV A/S
- DHL International GmbH (Deutsche Post DHL Group)
- GEODIS
- Kuehne + Nagel Management AG
- Nippon Express Co., Ltd.
- Ryder System, Inc.
- XPO Logistics, Inc
- United Parcel Service of America, Inc
For more information about this report visit https://www.researchandmarkets.com/r/lmk5w8
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Copyright © acrofan/Business Wire All Right Reserved