The global automotive logistics market is set to gain traction from the increasing adoption of third-party logistics (3PL) for reducing operating costs and investments. It also helps companies to enter the international market quickly. This information is given by Fortune Business Insights™ in a report, titled, “Automotive Logistics Market, 2021-2028.” As per the report, the market size was USD 256.85 billion in 2020. It is expected to grow from USD 262.06 billion in 2021 to USD 393.71 billion in 2028 at a CAGR of 6.0% in the forecast period.

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A list of renowned companies present in the automotive logistics industry:

DB Schenker
BLG LOGISTICS GROUP AG & Co. KG
CEVA Logistics
Kuehne+Nagel
Expeditors International
DSV
XPO Logistics, Inc.
Deutsche Post AG
SINOTRANS Limited
H. Robinson Worldwide, Inc.
GEFCO
Ryder System, Inc.
Schnellecke group ag & co. Kg
Penske Automotive Group, Inc.
Others
Increasing Need to Reduce Customer Lead Time will Aid Growth

The rising efficiency of finished vehicle logistics (FVL) is expected to bolster the automotive logistics market growth in the upcoming years. The adoption of FVL would reduce the number of trucks. NVD, an Irish vehicle distributor, for instance, enhanced its logistics process by using intelligent solutions. It has therefore doubled its productivity and shortened customer lead times. It can now load eight to ten cars on the truck in 45 minutes. Usually, in Eastern European facilities, this entire process takes more than three hours. However, the shortage of truck drivers may obstruct the demand for automotive logistics.

Regional Insights-

High Demand for Vehicles to Favor Growth in Asia Pacific

Geographically, Asia Pacific earned USD 130.99 billion in 2020 in terms of revenue in the automotive logistics industry. The low wages of laborers, abundance availability of raw materials, and the high demand for vehicles would bolster regional growth. In Europe, the expansion of the e-commerce sector and the increasing demand for electric vehicles would accelerate growth. On the other hand, North America is set to show steady growth on account of the presence of an improved automotive logistics infrastructure in the region.

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Competitive Landscape-

Key Players Focus on Partnerships & Collaborations to Gain a Competitive Edge

The global market houses a large number of big, small, and medium companies that are majorly focusing on participating in collaborations and partnerships to co-develop innovative products. They are mainly trying to automate the inventory and supply chain processes for higher efficiency. Below are the two latest industry developments:

April 2021: GEFCO joined hands with DP World, UAE Region to provide integrated, flexible solutions for vehicle handling and storage to automotive customers in covered parking of Jebel Ali Port.
October 2020: DSV partnered up with Verity, a tech innovator to use an autonomous drone system in its warehouses for inventory management. These drones are capable of detecting empty or occupied pellet positions. They can also scan barcodes without the requirement of humans.
Major Table of Content for Automotive Logistics Market:

Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Porter’s Five Forces Analysis
SWOT Analysis
Technological Developments
Distributor Analysis
Impact of COVID-19
Global Automotive Logistics Market Analysis, Insights and Forecast, 2017-2028
Key Findings / Summary
Market Analysis, Insights and Forecast – By Distribution
Domestic
International
Market Analysis, Insights and Forecast – By Mode of Transport
Roadways
Airways
Maritime
Railways
Market Analysis, Insights and Forecast – By Activity
Warehousing & Handling
Transportation & Handling
Market Analysis, Insights and Forecast – By Type
Finished Vehicle
Automobile Parts
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia Pacific
Rest of the World
TOC Continued…

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