Automotive logistics are the application of supply chain logistics which deals with supplying and implementing value-added logistical offerings during the entirety of vehicle manufacturing. This logistics service deals with distribution, handling, warehousing and transportation of components and the vehicle itself to different locations wherever required. The applications of these services begin from the pre-production stage of vehicles to the post-production stage wherein the vehicle has to be delivered to the buyer.
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The main factor behind the growth of the market is:
The market is segmented on the basis of activity as transportation, warehousing; logistics service as aftermarket, outbound, inbound, reverse; transport is segmented into airways, roadways, maritime, railways; distribution into international, domestic.
Some of the recent market developments are as follows:
“According to Data Bridge Market Research, global automotive logistics market is growing at a substantial CAGR of 7.67% during the forecast period of 2019 to 2026”
Some of the major players operating in the market are Ryder System, Inc.; BLG LOGISTICS GROUP AG & Co. KG; DB Schenker; YUSEN LOGISTICS CO, LTD.; SEKO; DHL International GmbH.; GEFCO; Hitachi Transport System, Ltd.; KUEHNE + NAGEL; Neovia Logistics Services, LLC.; Kintetsu World Express, Inc.; SCHNELLECKE GROUP AG & CO. KG; Penske; DACHSER SE; DSV; CEVA Logistics; Expeditors International of Washington, Inc.; XPO Logistics, Inc.; PANALPINA WORLD TRANSPORT (HOLDING) LTD. and Imperial Holdings Ltd.
Overall, automotive logistics is experiencing significant upgradations in the technologies available in the logistics industry. These technologies related to blockchain, autonomous vehicles and artificial intelligence combine to formulate greater efficiency in the businesses for logistics. These combined technologies promote greater return on investments, transparency in the supply chain which helps the automotive manufacturers deliver their services on time and in an economical way.
Global Automotive Logistics Market – Industry Trends and Forecast to 2026
Asia-Pacific Automotive Logistics Market – Industry Trends and Forecast to 2026
Europe Automotive Logistics Market – Industry Trends and Forecast to 2026
Middle East and Africa Automotive Logistics Market – Industry Trends and Forecast to 2026
North America Automotive Logistics Market – Industry Trends and Forecast to 2026