Increased Production of Vehicle and Rapid Increase in Supply Chain System are the factors Expected to Drive Global Automotive Logistics Market in the forecast period of 2019 to 2026

Global Automotive Logistics Market is projected to register a substantial CAGR of 5.3% in the forecast period 2019 to 2026. The new market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

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DRIVERS

  • Increased production of vehicle
  • Rapid increase in supply chain system

RESTRAINT

  • Requirement of high capital investment

OPPORTUNITIES

  • Advent of driverless vehicles
  • Increased demand for block chain technology in logistics operation

CHALLENGE

  • Absence of full-service tracking or visibility solutions

Market Trends

Global automotive logistics market is segmented into five notable segments which are based on the basis of logistics service, function, stage, transportation mode and distribution.

  • On the basis of logistics service, the market is segmented into inbound logistics, outbound logistics, reverse logistics and aftermarket logistics. In 2019, inbound logistics segment is expected to dominate the global automotive logistics market with largest market share as It is the crucial part and is the raw material stage in supply chain, it affects assembly line if inbound logistics is not initiated properly and this will eventually increase the cost of final assembly due to lack of material.
  • On the basis of function, the market is segmented into warehousing, material handling, transportation and management services.
  • On the basis of stage, the market is segmented into raw materials stage, sub-assembly modules, finished product and final product delivery. In 2019, raw materials stage segment is expected to dominate the global automotive logistics market with largest market share as it is the initial level of logistics process. Moreover, increase in vehicle production globally especially in Europe and Asia-Pacific is one of the major factors for increasing demand for raw materials at vast rate.
  • On the basis of distribution, the market is segmented into domestic and international.
  • On the basis of transportation mode, the market is segmented into roadways, railways, maritime and airways.

Major Players: Global Automotive Logistics Market

Some of the major players operating in the global automotive logistics market are DHL International GmbH, XPO Logistics, Inc., SNCF, KUEHNE + NAGEL, Penske Automotive Group, Inc., Penske, BLG LOGISTICS GROUP AG & Co. KG, Neovia Logistics Services, LLC., GEFCO, DACHSER, SCHNELLECKE GROUP AG & CO. KG, DB SCHENKER, Ryder System, Inc., CEVA Logistics, Imperial Logistics, Panalpina World Transport (Holding) Ltd., Expeditors International of Washington, Inc., Hitachi Transport System, Ltd., YUSEN LOGISTICS CO, LTD., Kintetsu World Express, Inc., DSV and others.