Automotive Logistics Market is Expected to Reach USD 475 Billion by 2025 | By Major Market Players DHL, XPO, SNCF, Kuehne + Nagel, DSV, Ryder, CEVA, Imperial, Panalpina and many more...
PUNE, India, June 22, 2019 (GLOBE NEWSWIRE) -- Global Automotive Logistics Market By Activity (Warehousing, Transportation), By Logistics Service (Inbound, Outbound, Reverse, AfterIndustry), By Mode of Transport (Roadways, Railways, Maritime, Airways), By Distribution (Domestic, International ), and By Region - Global Market Opportunity and Current Growth Analysis 2019-2025
Global Automotive Logistics Industry was valued at USD 285 Billion in the year 2018. Global Automotive Logistics Industry is further estimated to grow at a CAGR of 7.8% from 2018 to 2025 to reach USD 475 Billion. Domestic logistics include the services required to transport automotive goods and logistics within a country. International logistics Industry in a region includes the logistics services required to transport vehicles from one country to another. Asia Oceania is the largest Industry for domestic logistics due to large-scale automobile production in China, Japan, and India. Europe is the second largest Industry as the EU has facilitated the easy movement of man and materials amongst the EU counties. Similarly, in North America, cars and components manufactured in the US can be easily transported to Canada and Mexico. Thus, domestic distribution is expected to grow at a brisk rate during the forecast period.
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The automotive logistics industry has witnessed substantial growth, particularly in emerging economies such as China and India. Asia Oceania is expected to witness an annual growth of 7-8% in line with global growth during the next 8 years. The region has witnessed growth in automotive production due to low wages, availability of raw materials, increased demand for vehicles, and presence of major OEMs such as Toyota (Japan), Maruti Suzuki (India), SAIC (China), Honda (Japan), Geely (China), and Hyundai (South Korea). China, Japan, India, and South Korea export vehicles to various countries in Europe and North America.
Major market players in Automotive Logistics Industry are DHL, XPO, SNCF, Kuehne + Nagel, DSV, Ryder, CEVA, Imperial, Panalpina, Expeditors Blg Logistics, Penske Logistics, Neovia, Dachser Intelligent Logistics, Gefco, Schnellecke, Db Schenker, Hitachi Transport System, Yusen Logistics, Kintetsu and Other Company Profiles will be provided as per client business requirement.
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