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
Domestic Segment Held 63.5% Share in 2020: Fortune Business Insights™

Based on distribution, the market is bifurcated into international and domestic. Out of these, the domestic segment earned 63.5% in terms of the automotive logistics market share in 2020. The implementation of favorable policies by regulatory bodies to incentivize local production in India and China would bolster growth of this segment.

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Report Coverage-

The report studies decisive segments of this industry containing regions, end-users, technologies, types, and applications. It explains the performance and importance of each of the segments by considering sales volume, growth prospects, revenue share, and demand. Additionally, it would help our clients to accurately determine the market size to guide them in selecting the right strategy for their business growth.

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.
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