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.
The global Automotive Logistics Market is segmented on the basis of type, services, and sector. Based on the type, the market is segmented into outsourcing and insourcing. On the basis of the services, the market is classified into transportation, warehousing, packaging processes, integrated service, and reverse logistics. The market by sector is fragmented into passenger vehicle, commercial vehicle, tire, and component.
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Leading Key Market Players Mentioned in the Report:- Deutsche Post DHL Group, Kuehne + Nagel International AG, United Parcel Service of America, Inc., and others.
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.
GLOBAL AUTOMOTIVE LOGISTICS MARKET SEGMENTATION
Global Automotive Logistics Market – By Type
Global Automotive Logistics Market – By Services
- Packaging Processes
- Integrated Service
- Reverse Logistics
Global Automotive Logistics Market – By Sector
- Passenger Vehicle
- Commercial Vehicle
The report facilitates in determining and interpreting the key market players, portfolios with necessary information such as company profiles, components and services offered, financial information of past few years, key developments in past few years, that helps in constructing strategies to gain competitive advantage in the long run. The report also analyzes factors affecting Automotive Logisticss market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.
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