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Automotive Logistics Market Size

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

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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.

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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.

Automotive Logistics Market Report Attributes
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:	North America Europe Asia Pacific Latin America Middle East & Africa

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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.

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.