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The Automotive Logistics Market is set to grow from its current market value of more than $115 billion to over $170 billion by 2025; as reported in the latest study by Global Market Insights, Inc.Surging demand for commercial vehicles has lent considerable traction to automotive logistics market. There has been a significant growth in LCV manufacturing in the recent years. In the year 2017, total number of LCVs produced worldwide was 19,481,394 units which increased by 5.9 percent to 20,635,799 units in the year 2018. The rise in LCV production and universal auto trade will thus impact automotive logistics industry landscape.
Currently, the largest passenger cars exporter to China is the European Union which accounts for 53.3% of total Chinese car imports by value. Growing number of commercial vehicles being manufactured in the Europe and rising export will support automotive logistics market size over the coming years.
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Greater China is one of the major regions contributing to the growth of automotive logistics industry owing to the presence of large number of manufacturers and production facilities in the country. For instance, in 2018, Greater China region manufactured the largest number of commercial vehicles estimated at 5,126,854 units, contributing a share of 27 percent to the worldwide production.
The U.S. dependency on imported light vehicles and automotive parts to meet consumer demand will enhance the revenue portfolio of automotive logistics industry. While the United States produced over 11 million light vehicles in 2018, light vehicle sales were recorded at 17.3 million. In 2017, the value of imported parts and light vehicles totaled to exceed $340 billion. In the same year, 48 percent of all vehicles sold in the United States were imported. The changing dynamics of the regional automotive industry as far as vehicle part imports are considered will augment U.S. automotive logistics market trends.
According to National Highway Traffic Safety Administration, the average vehicle manufactured in the United States depends on 40% to 50% imported components and parts. The auto trade of the country has significantly accelerated automobile logistics market and is expected to continue doing so in the forthcoming years. The automotive trade market of the U.S. has also been backed by the emerging automotive aftermarket industry owing to the strong economic growth.
Increasing production and universal trade of vehicles in the countries like the USA and China have influenced automotive logistics market positively. The emergence of aftermarket has proved to play a significant role to stimulate automotive logistics industry. According to a new research report by Global Market Insights, Inc., automotive logistics market size is estimated to surpass $170 billion by 2025.
Based on activity type, automotive logistics market is categorized into warehousing and transportation. Logistics service providers are continuously expanding their business operations by establishing contract with automotive OEM’s. For instance, in October 2016, DB Schenker started the warehouse management for aftermarket parts of Volkswagen Group in India. Moreover, improving infrastructure facilities are further supporting the industry size over the forecast timeframe.
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Automotive logistics market based on services is segmented into inbound logistics, outbound logistics, reverse logistics and aftermarket. Aftermarket logistics is projecting a higher visibility owing to rising freight volumes of automotive spare parts and accessories. Increasing demand for service parts availability coupled with strong aftermarket supply chain networks will support the automotive logistics industry over the projected timeframe.
Based on distribution channel the automotive logistics market is categorized into domestic logistics and international logistics. International logistics with witness a substantial growth owing to the increasing import and export activities of finished vehicles and automotive components. Moreover, international trading laws and changing import duties will significantly impact the market share.
The key industry participants in the automotive logistics market include CEVA Logistics, DHL International GmBH, XPO Logistics, Inc. SNCF Group, Kuehne + Nagel, DSV, Ryder Systems, Inc., Imperial Logistics, Hellmann, and SCHNELLECKE GROUP AG & CO. KG. The companies are adopting different strategies such as mergers & acquisitions, new product developments, joint ventures and other form of partnerships to increase their market share. For instance, in March 2015, Metrogistics completed its merger with McNutt Automotive Logistics for offering asset based and full range of logistics services to vehicle manufacturers and dealers.
Glimpse of Table of Content (ToC)
Chapter 5. Automotive Logistics Market, By Service
5.1. Global automotive logistics market share by service, 2018 & 2025
5.2. Inbound
5.2.1. Global market estimates and forecasts, 2013 – 2025
5.2.2. Market estimates and forecast, by region, 2013 – 2025
5.3. Outbound
5.3.1. Global market estimates and forecasts, 2013 – 2025
5.3.2. Market estimates and forecast, by region, 2013 – 2025
5.4. Reverse
5.4.1. Global market estimates and forecasts, 2013 – 2025
5.4.2. Market estimates and forecast, by region, 2013 – 2025
5.5. Aftermarket
5.5.1. Global market estimates and forecasts, 2013 – 2025
5.5.2. Market estimates and forecast, by region, 2013 – 2025
Chapter 6. Automotive Logistics Market, By Distribution
6.1. Global automotive logistics market share by distribution, 2018 & 2025
6.2. Domestic
6.2.1. Global market estimates and forecasts, 2013 – 2025
6.2.2. Market estimates and forecast, by region, 2013 – 2025
6.3. International
6.3.1. Global market estimates and forecasts, 2013 – 2025
6.3.2. Market estimates and forecast, by region, 2013 – 2025
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/automotive-logistics-market
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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