A recent report published by Infinium Global Research on automotive logistics market provides in-depth analysis of segments and sub-segments in the global as well as regional automotive logistics market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automotive logistics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global automotive logistics market. According to the report, the global automotive logistics market is projected to grow at a CAGR of 4.8% over the forecast period of 2021-2027.

Market Insight

The automotive logistics market was valued at USD 319.69 billion in 2021 and is anticipated to reach USD 423.79 billion in 2027, growing with a CAGR of 4.8% during the projection period. The automotive business has been one of the major contractors of logistics enterprises over the years, and the latter has promoted enormously from the automotive industry. Furthermore, the automotive industry players constantly partner with logistics players to transport their components and finished vehicles from one location to another. In addition, the automotive logistics is stated to the seamless transportation service and warehousing facilities for the finished vehicles, its materials and spare parts from the industrialist to supplier or end-user. Supplying materials and spare parts and offering warehouse services are parts of the automotive logistics and safeguards a smooth flow of operations throughout the procedure.

The automotive logistics market is experiencing tremendous growth on account of the increasing transportation all across the world. Furthermore, the growing need for vehicle production and the increasing need of manufacturers for on-time delivery are some other factors pouring the automotive logistics market growth. In addition, the increasing demand for electric vehicles and the incorporation of technological innovations with autonomous vehicles are factors imposing a positive outlook on the automotive logistics market growth. Moreover, the collaboration and partnerships among the automobile manufacturers and logistics providers are snowballing, which is expected to provide growth opportunities for the automotive logistics market in the near future. On the other hand, the issue associated with the high initial investment is hindering the growth of the market.

Among the geographies, the Asia Pacific region is expected to hold the largest share in the global automotive logistics market owing to the presence of numerous key players in the region. Further, the region is also projected to account for the largest share in the global automotive logistics market due to increasing on-going investments in airways, roadways, railways, and maritime trade across developing countries, such as China, India, and Japan, are anticipated to bolster logistics and warehousing demand over the projection period. However, the European region is expected to grow with a substantial CAGR in the automotive logistics market during the forecast period. The European regional share is escalating together with the increasing transport of finished vehicles along with the concentration of car manufacturers.

Segment Covered

The report on global automotive logistics market covers segments such as solution, mode of transport, and distribution. On the basis of solution, the sub-markets include inbound, outbound, reverse, and aftermarket. On the basis of mode of transport, the sub-markets include airways, railways, maritime, and roadways. On the basis of distribution, the sub-markets include international, and domestic.

Companies Profiled:

The report provides profiles of the companies in the market such as BLG LOGISTICS GROUP AG & Co. KG, CEVA Logistics, GEFCO, Hellmann Worldwide Logistics, Penske Automotive Group, Inc., CFR Rinkens, Expeditors International of Washington, Inc., Imperial Logistics, Kerry Logistics Network, and Nippon Express Co. Ltd.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automotive logistics market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.