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 global automotive logistics market.
Automotive logistics refers to the intricate system of planning, organizing, and managing the transportation, storage, and distribution of vehicles, parts, and components within the automotive industry. This complex network involves the movement of materials from suppliers to manufacturing plants, the distribution of finished vehicles to dealerships, and the management of spare parts supply chains. Automotive logistics encompasses various activities such as warehousing, inventory management, transportation, and supply chain optimization, all aimed at ensuring a seamless flow of products while minimizing costs and maximizing efficiency. Additionally, the scope of automotive logistics is vast and vital to the automotive sector's success. With the globalization of manufacturing, automotive companies rely on logistics to source parts and materials from suppliers worldwide. Moreover, the implementation of lean manufacturing techniques, elevated customer demands for swift delivery, and the imperative for sustainable transportation further emphasize the importance of automotive logistics. As the automotive industry evolves, the scope for innovative logistics solutions and technologies continues to expand, making it a critical and dynamic sector within the global supply chain landscape.
The global expansion of automotive production across multiple nations underscores the increasing need for streamlined logistics systems. These systems are crucial for the seamless transportation of automotive components and finished vehicles on a global scale, ensuring efficient supply chain operations and timely delivery to markets worldwide. Additionally, the surge in Electric Vehicle (EV) manufacturing necessitates specialized logistics for batteries and components, fueling substantial growth in the automotive logistics sector. This expansion addresses the unique transportation needs of EV-related materials and contributes to the market's expansion. However, the automotive logistics market faces hurdles due to fluctuating fuel costs, as well as regulatory obstacles tied to emissions and safety standards. These challenges impact operational costs and compliance, necessitating adaptability and innovation within the industry. Although, the adoption of advanced technologies such as autonomous vehicles and blockchain for supply chain management creates substantial opportunities within the automotive logistics market. These innovations enhance efficiency, traceability, and security, offering the industry new avenues for optimization and improved overall performance.
The Asia Pacific region holds the largest market share in the automotive logistics market, owing to its robust automotive manufacturing sector, particularly in countries such as China, Japan, and South Korea. This region's dominance can be attributed to the increasing demand for vehicles, both domestically and internationally, coupled with significant investments in automotive infrastructure and supply chain optimization. Particularly China played a pivotal role in this growth, being the world's largest automotive market and a hub for production and exports. Moreover, Europe is the fastest-growing region within the automotive logistics sector. Europe witnessed a surge in demand for Electric Vehicles (EVs) and the expansion of production facilities for electric vehicles. This shift towards sustainable transportation led to a substantial increase in the need for efficient logistics services to support the supply chain for EV components. Additionally, Europe's focus on reducing carbon emissions and enhancing transport sustainability further fueled the growth of innovative logistics solutions.
|Market Size in 2022
|USD 221.76 Billion
|Market Size by 2030
|USD 363.03 Billion
|Growth Rate from 2023 to 2030
|CAGR of 5.51%
|No. of Pages
|By Type, By Mode of Transport, By Distribution Area, and By Logistic Solution
|North America, Europe, Asia Pacific, and RoW
The report on global automotive logistics market covers segments such as type, mode of transport, distribution area, and logistic solution. On the basis of type, the sub-markets include finished vehicles, and automotive parts. On the basis of mode of transport, the sub-markets include roadways, airways, maritime, and railways. On the basis of distribution area, the sub-markets include domestic, and international. On the basis of logistic solution, the sub-markets include inbound, outbound, reverse, and aftermarket.
The report provides profiles of the companies in the market such as BLG LOGISTICS GROUP AG & Co. KG, CEVA Logistics, AUTOMOTIVE LOGISTICS, Hellmann Worldwide Logistics, Penske Automotive Group, Inc., Expeditors International of Washington, Inc., Imperial Logistics, KERRY LOGISTICS NETWORK LIMITED, BOLLORÉ LOGISTICS, and Ryder System, Inc..
The report provides deep insights into 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 the automotive logistics market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. 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.
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