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Automotive Logistics Market Size
Automotive Logistics Market size exceeded USD 115 billion in 2018 and is estimated to exhibit around 5.5% CAGR from 2019 to 2025. Increasing vehicle registrations in both emerging and developed countries coupled with organized transportation and warehousing activities of automotive parts are accelerating the industry demand. Rising investment for development of transportation fleet to provide reduced emission transportation facilities will further provide a positive outlook for the market expansion.
Growing prominence of contract logistics offering integrated warehousing and transportation solutions will augment the demand. Industry participants are providing value added services such as GPS and mobile tracking are aiding the vehicle manufacturers for easily track their components. Moreover, presence of numerous logistics service providers offering flexible and secure solutions is strengthening the automotive logistics market revenue.
| Report Attributes | Details |
|---|---|
| Base Year: | 2018 |
| Market Size in 2018: | 115 Billion (USD) |
| Forecast Period: | 2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR: | 5.5% |
| 2025 Value Projection: | 170 Billion (USD) |
| Historical Data for: | 2014 to 2018 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 318 |
| Segments covered: | Activity, Service, Distribution and Region |
| Growth Drivers: |
|
Proliferating vehicle production across the globe is primarily contributing towards fostering the industry statistics. Increasing requirement of automobile manufacturers for decreasing the dwell time in delivery of finished vehicles is further propelling the market demand.
Rapid development of supply chain management systems along with advanced material planning systems are supporting the automotive planning and production activities. Rising demand for responsive supply chains from just in time and regional freight forwarding operations will further support the market growth. OEMs are utilizing various freight forwarding software for enhancing their logistics operations and maximizing their productivity. However, stringent emission regulations defined by regional government authorities and higher initial investment may restrain the business demand.
Automotive Logistics Market Analysis
Transportation activity will witness significant growth through 2025 owing to development of road infrastructure, favourable taxation policies and notable improvement in product delivery time. Moreover, development of autonomous trucks for logistics operations will provide enhanced speed and flexibility of freight flows in the transportation sector. Utilization of connected fleet and digital platforms for transportation is prominently contributing towards market statistics.
The improvement in infrastructure for stocking vehicles and auto components is likely to boost the demand in warehousing activity. Additionally, growing implementation of environment friendly warehousing solutions and optimized space utilization for storage activities will drive the segment growth.
Inbound logistics held prominent automotive logistics market share on account of the proliferating demand for raw materials and auto components from vehicle manufacturers. Surging production of electric vehicles is inducing the demand for lithium-ion batteries and electric motors.
Growing demand for automotive accessories, replacement and spare parts is anticipated to spur the aftermarket logistics segment. Rising age of vehicle fleet across the globe will provide potential growth prospects for automotive logistics. Shifting preferences towards vehicle improvisation coupled with growing e-commerce platforms will propel the market revenue. Furthermore, integration of production activities and aftermarket provides greater visibility in supply chain and further leads to cost savings through efficient processes.
Domestic distribution in automotive logistics will account for significant share by 2025 impelled by increasing intra-continent regional transportation of automotive components. Secure and on time delivery of high-quality automotive parts is inducing the domestic distribution demand. Growing preference of tier 1 and tier 2 suppliers to utilize local freight forwarding services for transportation and inventory management will propel the segment demand.
International distribution segment is projected to see notable growth rate through 2025 due to the escalating import and export activities of finished vehicles and automotive products.
Asia Pacific automotive logistics market value is expected to register gain of over 5.5% till 2025 owing to the increasing vehicle sales and surging new vehicle registrations. Rising vehicle production facilities across the region will boost the revenue generation opportunities.
European market is anticipated to exhibit exponential growth driven by the surging demand for electric vehicles across the region. Increasing transportation of finished vehicles along with higher concentration of vehicle manufacturers are escalating the regional market growth. However, growing investments by vehicle manufacturers in expanding warehousing facilities will fuel the industry statistics.
Automotive Logistics Market Share
The automotive logistics market is extremely competitive propelled by the existence of key players including
- XPO Logistics Inc.
- Hellmann
- DHL International GmBH
- Imperial Logistics
- Ryder Systems
- GEFCO
- CEVA Logistics
- Kuehne + Nagel
- SCHNELLECKE GROUP AG & CO. KG
- SNCF Group
Companies are expanding their reach to major automotive manufacturing participants to improve their market share. Logistics service providers are maintaining strategic contracts with OEM’s for strengthening their foothold in the market.
This market research report on automotive logistics includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2013 to 2025, for the following segments:
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Market, By Activity
- Warehousing
- Transportation
- Roadways
- Railways
- Airways
- Waterways
Market, By Service
- Inbound
- Outbound
- Reverse
- Aftermarket
Market, By Distribution
- Domestic
- International
The above information is provided on a regional and country basis for the following:
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Poland
- Russia
- Poland
- Netherlands
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Thailand
- Indonesia
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Iran
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