Automotive Logistics Market Outlook To 2025 Business Opportunity and Application Analysis
Automotive logistics market trends are anticipated to witness substantial proliferation over the forecast period. The consistent practice of companies exporting parts to other countries for assembling will help impel the industry as well. Say for example, import of auto parts in the U.S. to assemble automobiles there and export of passenger cars from Europe to China has considerably propelled automotive logistics industry size. The increase in the production of light commercial vehicles worldwide will also propel the business growth.
Surging demand for commercial vehicles has lent considerable traction to automotive logistics market. There has been a significant growth in LCV manufacturing in the recent years. In the year 2017, total number of LCVs produced worldwide was 19,481,394 units which increased by 5.9 percent to 20,635,799 units in the year 2018. The rise in LCV production and universal auto trade will thus impact automotive logistics industry landscape.
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In 2018, around 19% of all commercial vehicles made worldwide were manufactured in Europe. Nearly 3,451,485 units of commercial vehicles were manufactured in Europe and the number is anticipated to rise in the forthcoming years. Europe is a key regional ground for the auto industry worldwide, delivering high quality 'Made in Europe' products around the world. The escalating commercial vehicle production in the region is likely to majorly impel Europe automotive logistics industry size.
Supplying auto parts to global customers entail some of the prominent factors endorsing the importance of automotive logistics industry. It is also the reason why automobile manufacturers today maintain vehicle assembly plants across the world. Instead of manufacturing and shipping entire vehicles to regional markets overseas, automakers prefer to manufacture and ship vehicle components to local manufacturing facilities and then assemble the components into a vehicle. This practice delivers substantial savings on import duties, reinforcing global automotive logistics market share.
Growing intensity of vehicle production would be further providing a sizable boost to the automotive logistics market. According to a 2019 report by Volkswagen, deliveries by VW Commercial Vehicles division in 2018 amounted to approximately 500,000 vehicles, an increase on the numbers from the preceding year. The positive growth which leading companies like VW are experiencing, even in a slowing market landscape, would be providing further growth opportunities to the automotive logistics industry players.
Asia Pacific is projected to emerge as one of the dominant customer base for auto parts, with the anticipated demand being credited to the domestic auto manufacturing sector and a strong presence of global automobile manufacturers. India, specifically, is estimated to contribute substantial revenues to automotive logistics market over the forecast timeframe.
Owing to a gradual increase in automobile production and the robust development of automotive sector in APAC, global automotive logistics industry is slated to record tremendous revenues in the imminent future. Key industry participants expected to lead the growth include DHL International, CEVA Logistics, SNCF Group, XPO Logistics and Imperial Logistics.
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Partial Chapter of the Table of Content
Chapter 5. Automotive Logistics Market, By Service
5.1. Global market share by service, 2018 & 2025
5.2. Inbound
5.2.1. Global market estimates and forecasts, 2013 – 2025
5.2.2. Market estimates and forecast, by region, 2013 – 2025
5.3. Outbound
5.3.1. Global market estimates and forecasts, 2013 – 2025
5.3.2. Market estimates and forecast, by region, 2013 – 2025
5.4. Reverse
5.4.1. Global automotive logistics market estimates and forecasts, 2013 – 2025
5.4.2. Market estimates and forecast, by region, 2013 – 2025
5.5. Aftermarket
5.5.1. Global market estimates and forecasts, 2013 – 2025
5.5.2. Market estimates and forecast, by region, 2013 – 2025
Chapter 6. Automotive Logistics Market, By Distribution
6.1. Global market share by distribution, 2018 & 2025
6.2. Domestic
6.2.1. Global market estimates and forecasts, 2013 – 2025
6.2.2. Market estimates and forecast, by region, 2013 – 2025
6.3. International
6.3.1. Global market estimates and forecasts, 2013 – 2025
6.3.2. Automotive logistics market estimates and forecast, by region, 2013 – 2025
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