Automotive Logistics Market 2021 Growth, Segments and Forecast Report 2028A Story by DiyThe global automotive logistics market is set to gain traction from the increasing adoption of third-party logistics (3PL) for reducing operating costs and investments.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. Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/sample/automotive-logistics-market-105662 A list of renowned companies present in the automotive logistics industry:
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. Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/automotive-logistics-market-105662 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:
Major Table of Content for Automotive Logistics Market:
TOC Continued… Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/automotive-logistics-market-105662 About Us: Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges. Contact Us: Fortune Business Insights™ Pvt. Ltd. 308, Supreme Headquarters, Survey No. 36, Baner, Pune-Bangalore Highway, Pune - 411045, Maharashtra, India. Phone: US :+1 424 253 0390 UK : +44 2071 939123 APAC : +91 744 740 1245 Email: [email protected] © 2021 Diy |
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Added on September 24, 2021 Last Updated on September 24, 2021 Tags: Automotive Logistics Market Author
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