In a recent published report, Kenneth Research has updated the market report for Automotive Logistics Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Automotive Logistics Market products.
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According to the statistics by the International Environmental Agency (IEA), the global stock of electric passenger cars passed 5 million in the year 2018, which was an increase by 63% from the year 2017.
The Automotive Logistics Market is expected to grow at a significant CAGR during the forecast period. Increasing demand for commercial and personal electric vehicles around the globe is anticipated to drive the growth of the MARKET over the forecast period. According to the statistics by the International Environmental Agency (IEA), the global stock of electric passenger cars passed 5 million in the year 2018, which was an increase by 63% from the year 2017.
The Automotive Logistics Market is expected to grow at a significant CAGR during the forecast period. Increasing demand for commercial and personal electric vehicles around the globe is anticipated to drive the growth of the MARKET over the forecast period. According to the statistics by the International Environmental Agency (IEA), the global stock of electric passenger cars passed 5 million in the year 2018, which was an increase by 63% from the year 2017.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Automotive Logistics Market was valued at USD 285 Billion in the year 2018. Global Automotive Logistics Market is further estimated to grow at a CAGR of 7.8% from 2018 to 2025 to reach USD 475 Billion. Domestic logistics include the services required to transport automotive goods and logistics within a country. International logistics Market in a region includes the logistics services required to transport vehicles from one country to another. Asia Oceania is the largest Market for domestic logistics due to large-scale automobile production in China, Japan, and India. Europe is the second largest Market as the EU has facilitated the easy movement of man and materials amongst the EU counties. Similarly, in North America, cars and components manufactured in the US can be easily transported to Canada and Mexico. Thus, domestic distribution is expected to grow at a brisk rate during the forecast period.
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The automotive logistics Market has witnessed substantial growth, particularly in emerging economies such as China and India. Asia Oceania is expected to witness an annual growth of 7-8% in line with global growth during the next 8 years. The region has witnessed growth in automotive production due to low wages, availability of raw materials, increased demand for vehicles, and presence of major OEMs such as Toyota (Japan), Maruti Suzuki (India), SAIC (China), Honda (Japan), Geely (China), and Hyundai (South Korea). China, Japan, India, and South Korea export vehicles to various countries in Europe and North America.
The Belt and Road Initiative, which aims to strengthen infrastructure, trade, and investment links between China and several other countries, is among the several infrastructure projects that are expected to drive the automotive logistics Market in the Asia Oceania region. The Indian Railways is working toward improving its logistics services with the development of 6 dedicated freight corridors (DFCs) that span 2800 km across the eastern and western regions of the country.
Major market players in Automotive Logistics Market are DHL, XPO, SNCF, Kuehne + Nagel, DSV, Ryder, CEVA, Imperial, Panalpina, Expeditors Blg Logistics, Penske Logistics, Neovia, Dachser Intelligent Logistics, Gefco, Schnellecke, Db Schenker, Hitachi Transport System, Yusen Logistics, Kintetsu and Other Company Profiles will be provided as per client business requirement.
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Automotive Logistics Market Segmentation:
Automotive Logistics Market, By Activity
*Warehousing
*Transportation
Automotive Logistics Market, By Logistics Service
*Inbound
*Outbound
*Reverse
*AfterMarket
Automotive Logistics Market, By Mode of Transport
*Roadways
*Railways
*Maritime
*Airways
Automotive Logistics Market, By Distribution
*Domestic
*International
Automotive Logistics Market Overview, by Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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