How Global Automotive Logistics Market Players Should Strategize For 2022-2031

The global automotive logistics market is expected to grow from $223.68 billion in 2021 to $247.12 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The automotive logistics market is expected to grow to $330.86 billion in 2026 at a CAGR of 7.6%.

What is the Global Automotive Logistics Market?

The automotive logistics market consists of sales of automotive logistic services by entities (organizations, sole traders, and partnerships) that refer to a set of activities conducted for the smooth transportation of automotive spare parts and finished vehicles. Automotive logistics consists of inbound procurement, outsourcing & distribution of spare parts, and transporting finished vehicles domestically or internationally. The complexity of the supply chain of automotive logistics requires process planning to achieve maximum efficiency in manufacturing.

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What drives the Global Automotive Logistics Market?

The increasing efficiency in finished vehicle logistics is expected to propel the growth of the automotive logistics market going forward. Finished vehicle logistics refers to a series of stages and processes through which cars get safely delivered to the end customers. This process involves transporting or delivering vehicles from the manufacturer to the customers domestically or internationally. Finished vehicle logistics is used by the automotive industry for the safer delivery of cars as a result due to increase in efficiency in finished vehicle logistics will increase the demand for automotive logistics. For instance, in December 2021, according to Economic Times Auto, an India-based article, India's intercity road logistics spending reached USD 209 billion in 2021, with an annual compounding growth rate of 8%. Therefore, the increasing efficiency in finished vehicle logistics is driving the growth of the automotive logistics market.

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Global Automotive Logistics Market Segments
The global automotive logistics market is segmented:
By Type: Outsourcing, Insourcing
By Activity: Warehousing & Handling, Transportation & Handling
By Mode of Transport: Roadways, Airways, Railway, Maritime
By Services: Transportation, Warehousing, Packaging Processes, Integrated Service, Reverse Logistics
By Distribution: Domestic, International
By Geography: The regions covered in the automotive logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Automotive Logistics Global Market Report 2022provides market size and growth forecasts for the global automotive logistics market, global automotive logistics market share, automotive logistics market segments and geographies, automotive logistics market competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive logistics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Automotive Logistics Industry Playersinclude Penske Corporation, Deutsche Post DHL Group, XPO Logistics Inc., SNCF, Panalpina World Transport (Holding) Ltd., DSV A/S, Ryder Systems Inc, CEVA Logistics, Nippon Express, Expeditors International, BLG Logistics, DB Schenker, Hellmann Worldwide Logistics, GEFCO, Schnellecke group ag & co. Kg, Hitachi Transport System Ltd., Neovia Logistics Services LLC., CFR Rinkens, GEODIS, Kerry Logistics Network Limited, Dachser Group SE & Co. KG, Yusen Logistics Co. Ltd., and Neovia Logistics Services LLC. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.