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Automotive Logistics Market Share

Report ID: GMI3286
Published Date: Jun 2019
Report Format: PDF

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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.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The automotive logistics market size crossed USD 115 billion in 2018 and is poised to achieve around 5.5% CAGR through 2025, says this GMI report.

Automotive logistics market demand is propelled by rise in vehicle sales across the globe. Alongside, increasing acceptance of contract automotive logistics schemes and increasing presence of logistics service providers are also supporting industry growth.

Asia Pacific automotive logistics industry is anticipated to showcase maximum growth over the forecast period owing to burgeoning vehicle sales in the region and subsequent rise in new vehicle registrations. Also, surge in number of vehicle production facilities across the region is slated to support market growth.

Accelerating vehicle production has led to towering demand for automotive components and raw materials, which has evoked strong demand for inbound logistics services. Also, augmenting production of electric vehicles has driven the demand for lithium-ion batteries and electric motors, contributing to inbound logistics demand.

Aftermarket services have witnessed a significant high due to increasing age of vehicle fleet around the globe. Vehicle improvisation trends have also influenced aftermarket services demand.