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Automotive Logistics Market Size
- Report ID: GMI3286
- Published Date: Jun 2019
- Report Format: PDF
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 Attribute | Details |
|---|---|
| Base Year: | 2018 |
| Automotive Logistics 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: |
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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.
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Automotive Logistics Market Scope
