According to a new market report published by Lucintel, the future of the global automotive logistics market looks promising with opportunities in passenger cars and commercial vehicles segments. The global automotive logistics market is expected to grow with a CAGR of 8% from 2021 to 2026. The major drivers for this market are growth in the global vehicle production, improved standards of living and increasing adoption of battery and plug-in electric vehicles.
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In this market, warehousing & handling, and transportation & handling are used in automotive logistics. On the basis of comprehensive research, Lucintel forecasts that transportation & handling will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to the development of road infrastructure, favorable taxation policies, notable improvement in product delivery time and development of autonomous trucks for automotive logistics operations will provide enhanced speed and flexibility of freight flows in the transportation sector.
Within the global automotive logistics market, the inbound logistics segment is expected to witness the highest growth over the forecast period due to the proliferating demand for raw materials and auto components from vehicle manufacturers. Surging production of electric vehicles is prominently inducing the demand for lithium-ion batteries and electric motors, further augmenting the segment growth.
APAC is expected to remain the largest market and witness the highest growth rate over the forecast period due to the increasing vehicle sales and surging new vehicle registrations. Rising adoption of battery-powered vehicle as well as electric cars in the Asian countries drives the growth of the market.
Emerging trends, which have a direct impact on the dynamics of the industry, include emergence of logistics services, increasing vehicle registration in both emerging and developed countries and increased adoption of new technologies. CEVA Logistics, BLG LOGISTICS GROUP AG & Co. KG, Hellmann Worldwide Logistics, Ryder System, Inc., GEFCO, CFR Rinkens, Penske Automotive Group, Inc., Imperial Logistics, Expeditors International of Washington, Inc., Nippon Express Co. Ltd., Kerry Logistics Network, and Schnellecke group ag & co. KG are among the major suppliers of the automotive logistics market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive logistics market by mode of transport, activity, logistics solutions, distribution and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Logistics Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive logistics market by mode of transport, activity, logistics solutions, distribution and region, as follows:
By Mode of Transport [Value ($ Million) from 2015 to 2026]:
Roadways
Airways
Maritime
Railways
By Activity [Value ($ Million) from 2015 to 2026]:
Warehousing & Handling
Transportation & Handling
By Logistics Solutions [Value ($ Million) from 2015 to 2026]:
Inbound logistics
Outbound logistics
Reverse logistics
Aftermarket logistics
By Distribution [Value ($ Million) from 2015 to 2026]:
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.