Dublin, July 06, 2021 (GLOBE NEWSWIRE) -- The "Automotive Logistics Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type, Services, and Sector" report has been added to ResearchAndMarkets.com's offering.
The automotive logistics market was valued at US$ 180,723.8 million in 2020 and is projected to reach US$ 302,822.8 million by 2028; it is expected to grow at a CAGR of 6.66% during 2020-2028.
The automotive industry has been one of the prime contractors of logistics companies over the years, and the latter has benefitted massively from the automotive industry. The automotive industry players continuously partner with logistics players to transport their components and finished vehicles from one location to another.
With the increasing partnerships, automobile manufacturers and component manufacturers are facilitated with better control in managing inbound and outbound transportation services, shorter lead times, and timely deliveries. Therefore, the increasing number of partnerships between automotive manufacturers and logistics companies drives the growth of automotive logistics market.
Based on type, the outsourcing segment is expected to register a higher CAGR in the global automotive logistics market during the forecast period. The automobile industry relies heavily on the outsourcing of logistics services. These services aid in the acquisition of new information and the expansion of process flexibility.
Over the last several years, 3PL industries have steadily given specialized services and IT solutions to the manufacturer's regions that are outside of the primary focus of the business. Outsourcing automobile logistics for parts sequencing or consolidation networks has shown to be a worthwhile investment.
The COVID-19 outbreak has severely disrupted the supply chain and manufacturing of automobiles. Lockdown scenarios due to this crisis have led the automotive industry experts to analyze that the industry would face at least a quarter of lag in automotive equipment supply chain. This disruption is expected to create tremors through till mid-2021.
The automotive industry is likely to pick up pace soon after the governments across the globe lift the various containment measures steadily to revive the economy. The production of the automobiles is anticipated to gain pace from 2022, which is further foreseen to bolster the automotive manufacturing, including the manufacturing of hardware components of automotive.
Key Topics Covered:
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market segmentation
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. Automotive Logistics Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
4.3.1 North America PEST Analysis
4.3.2 Europe PEST Analysis
4.3.3 Asia-Pacific - PEST Analysis
4.3.4 Middle East & Africa - PEST Analysis
4.3.5 South America PEST Analysis
4.4 expert opinions
5. Global AUTOMOTIVE LOGISTICS Market - Key Industry Dynamics
5.1 key market drivers
5.1.1 Increasing Number of Automobile Manufacturing Units Worldwide is Stimulating the Automotive Logistics Market Growth
5.1.2 Continuously Growing Number of Partnerships among Automobile Manufacturers and Logistics Partners is Accentuating the Market Demand
5.2 Key market restraints
5.2.1 Complicated Nature of Supply Chain Business
5.3 Key market opportunities
5.3.1 Asia Pacific Automobile Manufacturers Pose Significant Business Opportunities for Automotive Logistic Providers
5.4 Future trends
5.4.1 Integration of Smart Technologies and Autonomous Vehicles to Boost the Automotive Logistics Market
5.5 impact analysis of Drivers and restraints
6. AUTOMOTIVE LOGISTICS Market - Global Analysis
6.1 Global automotive Logistics Market Overview
6.2 Global automotive logistics Market Forecast and Analysis
6.3 Market Positioning -Top 5 Players
7. Global Automotive Logistics Market Analysis - By Type
7.2 Global Automotive logistics Market Breakdown, By Type, 2020 & 2028
8. Global Automotive Logistics Market Analysis - By Services
8.2 Global Automotive logistics Market Breakdown, By services, 2020 & 2028
8.5 Packaging Processes
8.6 Integrated Service
8.7 Reverse Logistics
9. Global Automotive Logistics Market Analysis - By Sector
9.2 Global Automotive logistics Market Breakdown, By Sector, 2020 & 2028
9.3 Passenger Vehicle
9.4 Commercial Vehicle
10. Automotive Logistics Market Revenue And Forecasts To 2027 - Geography
11. Impact Of COVID-19 Pandemic
12. Industry Landscape
12.1 Merger & acquisition
12.2 Market Initiative
12.3 New Development
13. Automotive Logistics Market- Company Profiles
CEVA Logistics AG
DHL International GmbH (Deutsche Post AG)
KUEHNE + NAGEL INTERNATIONAL AG
Nippon Express Co., Ltd.
Ryder System, Inc.
XPO Logistics, Inc.
United Parcel Service, Inc
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