Automotive Logistics Market to Witness Robust Growth by 2028
Stratview Research has recently published a report on the Automotive Logistics Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.
The market is segmented by Activity Type (Warehousing and Transportation [Roadways, Railways, Airways, and Waterways]), by Service Type (Inbound, Outbound, Reverse, and Aftermarket), by Distribution Type (Domestic and International), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Automotive Logistics Market Analysis:
Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Automotive Logistics Market is estimated to grow from USD 174.59 billion in 2021 to reach USD 259.09 billion by 2028 at a CAGR of 5.76% during the forecast period.
Some of the companies drive the market growth:
- CEVA Logistics
- DHL International GmbH
- DSV
- Hellmann
- Imperial Logistics
- Kuehne + Nagel International AG
- Ryder System, Inc.
- SCHNELLECKE GROUP AG & CO. KG
- SNCF Group
- XPO Logistics, Inc.
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Segments Analysis
Service Type:
The market is segmented as inbound, outbound, reverse, and aftermarket. The inbound services segment held more than 65% market share in 2021 and is estimated to account for the major share of the market during the forecast period, owing to the growing demand for raw materials and auto components from vehicle manufacturers. Further, rising demand for automotive accessories and their replacement is expected to fuel the aftermarket segment of the market over the forecast period.
Regional Trends
Asia-Pacific held more than 29.5% market share in 2021 and is estimated to witness significant growth in the market during 2021-26 on account of increasing vehicle sales, rapid increase in the number of vehicle registrations, and increasing vehicle production facilities in the regional market. On the other hand, Europe is expected to depict sizeable progress in the market owing to the growing demand for electric vehicles across the region during the forecast period. North America is also likely to offer substantial progress opportunities in the market over the forecast period.
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
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