The automotive logistics market is consolidated and dominated by a few global players. The key players in the market are DHL(Germany),XPO (US),SNCF(France),Kuehne + Nagel(Switzerland), DSV (Denmark), Ryder (US), CEVA (UK),Imperial (South Africa), Panalpina (Switzerland), and Expeditors (US).
The automotive logistics market is estimated to be USD 284.1 billion in 2018 and is projected to reach USD 472.9billion by 2025, at a CAGR of 7.55%. Growing vehicle production, which increases the demand for raw materials and components, is the key factor driving the growth of the market.
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The automotive logistics market has been segmented on the basis of activity (warehouse, transportation), logistics service (inbound logistics, outbound logistics, reverse logistics, and aftermarket logistics), distribution (domestic, international), mode of transport (roadways, railways, maritime, airways),and region [Asia Oceania (China, Japan, India, South Korea), Europe (UK, Germany, France, Russia, Spain, Turkey, and Rest of Europe), and North America (US, Canada, and Mexico), and Rest of the World (Brazil, South Africa, and RoW Others).
“The increasing vehicle production and rising demand for raw materials and components will drive the automotive logistics market.”
Roadways is preferred mode of transport for goods over short and medium distances. It is one of the most cost-effective and flexible modes of transportation. Use of roadways helps reduce the handling expenses of logistics service providers. In addition, roadways offers connectivity to remote areas within a country. In multimodal transportation, roadways plays a key role in transporting goods to and from port, rail, and airport.
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The study includes an in-depth competitive analysis of the key players in the automotive logistics market, with their company profiles, SWOT analysis of the top 5 companies, recent developments, and key market strategies.
Domestic logistics include the services required to transport automotive vehicle and goods within a country and region. For example, a passenger car manufactured in China and shipped to India would be included in the domestic logistics market of Asia Oceania. International logistics market in a region includes the logistics services required to transport vehicles from one region to another.
- In December 2017, DSV established a brand-new logistics site in Cabanillas del Campo (Guadalajara, Mexico). The warehouse is a 50,000-square meter multi-customer facility with 60 loading docks and a storage capacity of 60,000 pallets. The entire location is expected to generate approximately 200 new jobs in the region.
- In June 2017, DHL and Latvian Railways joined forces to boost the Baltic-China trade. Their agreement established high-speed multimodal rail routes between Latvia and China, using Riga as the logistics hub for the Baltic and Nordic regions.
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The demand for these services depends on vehicle production. Hence, the regions with higher vehicle production will have a larger share in the warehousing market. In addition to warehousing, logistics service providers also offer assembly services for OEMs. For instance, DSV provides component assembly and warehousing services for Volvo Cars at Ghent, Belgium. Volvo manufactures its XC60, S60, V40, and V40 Cross Country models at the plant.
The launch of the OBOR project augurs well for the automotive logistics industry as it would lead to seamless connectivity. Similarly, the Indian Railways is working toward 6 dedicated freight corridors across the eastern and western regions of the country. Therefore, Asia Oceania is estimated to hold the largest share in the automotive logistics market.