This research report offers a summarized data of different dynamic aspects of the business.
Automotive Logistics Market Overview
The global Automotive Logistics market size was estimated at USD 413.7 billion in 2023 and is projected to reach USD 700.2 billion in 2030 at a CAGR of 7.8% during the forecast period 2023-2030.
The automotive logistics encompasses the fluidity of the vehicles, components, spare parts, and raw materials of the automotive producer in the course of automotive procurement, production, and sales. The logistics in the automotive industry encompass the management of inbound transportation of raw materials and components, the management of garage transportation during the production process, and the management of transportation of vehicles and spare parts, which includes distribution processing delivery, object purchasing, loading and unloading, storage, transportation, and information processing. Due to the rapid progression of the automotive industry, the automotive logistics sector plays a crucial role in cost reduction throughout the supply chain.
The field of automotive logistics is an extensively recognized and acknowledged process that is primarily concerned with the coordination and movement of a diverse range of resources. These resources may include but are not limited to equipment, inventory, and materials that are associated with finished vehicles and automotive parts. This intricate process involves the management of the flow of goods from a particular point of origin to the point of consumption, with the ultimate goal of satisfying the unique and specific requirements of customers. The management of logistics is predominantly focused on the efficient and effective management of a wide range of daily activities that are associated with the production of a company's finished goods and services. This type of management is an integral part of the supply chain management process and is responsible for planning, implementing, and controlling the efficient, effective forward, reverse flow, and storage of goods. It is a complex and multifaceted process that requires a high level of skill and expertise to ensure that the entire logistics process runs smoothly and efficiently.
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The COVID-19 pandemic has resulted in a situation where automakers have been compelled to engage in a realignment of their supply chains. The primary focus of this realignment is the localization of production in order to mitigate the risk associated with the heavy reliance on a single region. It is pertinent to note that the majority of the semiconductors that are employed in the manufacture of vehicles are sourced from regions such as Taiwan and China.
Delvens Industry Expert's Standpoint
The enhancement of operational efficiency within the Freight and Logistics (FVL) industry will result in a reduction in the amount of trucks required for transportation purposes. An Irish vehicle distributor, NVD, has implemented intelligent solutions to optimize their logistical process, thereby shortening customer lead times and increasing productivity by a factor of two. This has been made possible by the ability to load 8-10 cars on a truck within a mere 45 minutes. In contrast, the process takes over three hours in Eastern European facilities. Consequently, the market growth rate will be significantly driven by the increase in efficiency within the industry. The adoption of software-based systems by automakers to manage their logistical processes has been on the rise, resulting in substantial benefits. Supply chain transparency has increased, and operational efficiency has surged. For instance, General Motors was one of the early adopters of the Outbound Logistics Software, which includes onboard asset telematics and geofencing technology, among other technologies. During the pandemic-induced crisis, the software has delivered considerably better visibility in-vehicle delivery, better truck utilization, and is being used to ramp up deliveries to companies' dealers. Thus, the digitalization of operations will positively influence the growth of the market during the forecast period.
Key Findings
• On the basis of activity, the current market exhibits a clear segmentation into two distinct categories: transportation & handling and warehousing & handling. Interestingly, the former section has been observed to be the dominant force in the market, occupying the largest share in 2020. Furthermore, it is noteworthy to mention that companies have been exhibiting a strong desire to invest in data-driven solutions that can enhance the transportation process. For instance, telematics solutions have proven to be particularly effective in managing a truck's route. In situations where there is a delay in the delivery of components, data can be transmitted to the plant in real-time, thereby mitigating the risk of a plant shutdown. This approach subsequently allows automobile manufacturers to swiftly manage and resolve any arising issues. Hence, it is apparent that these factors will play a key role in driving the growth of this particular segment.
• On the basis of distribution, the market, which can be classified into two main segments, namely domestic and international, has observed a notable trend in recent times. Specifically, in the year 2020, the domestic segment demonstrated the largest proportion of market share, which can be attributed to a variety of factors. One such factor is the growing number of supportive policies being implemented in countries such as India and China, which seek to incentivize local production. Such policies have been put in place with a view to promoting self-sufficiency and strengthening the domestic economy. Additionally, the European Union (EU) has played a key role in facilitating the movement of auto parts and raw materials across its member countries, thereby contributing to the expansion of this segment.
• On the basis of type, the escalating espousal of omnichannel approaches, such as electronic commerce, is kindling the swift expansion of this sector as it empowers enterprises to furnish a vast spectrum of commodities with timely conveyance. Additionally, the intensifying rigidity of emanation ordinances is impelling the plea for post-purchase constituents to enhance the extant vehicular armadas. Therefore, these constituents will actuate the proliferation of this domain throughout the duration of the prognostication phase.
• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Asia Pacific held the largest automotive logistics market share. Factors such as the rising demand for vehicles, availability of raw materials, and low wages are responsible for the exponential growth of automobile production in this region.
Automotive Logistics Market Regional Analysis
Asia pacific to Dominate the Market
• Asia Pacific held the largest automotive logistics market. Factors such as the rising demand for vehicles, availability of raw materials, and low wages are responsible for the exponential growth of automobile production in this region.
• The presence of major OEMs, such as Honda, Toyota, Hyundai, and BYD that are focused on localizing their production to reduce operational costs and export vehicles to various countries and regions, such as the U.S. and Europe are also responsible for the growth of the automotive industry in this region.
Automotive Logistics Market Competitive Landscape
• DB Schenker
• Hellmann Worldwide Logistics SE & Co. KG
• APL Logistics Ltd
• BLG LOGISTICS GROUP AG & Co. KG
• CEVA Logistics
• Kuehne+Nagel
• Expeditors International
• DSV
• XPO Logistics, Inc.
• Deutsche Post AG
• SINOTRANS Limited
• C.H. Robinson Worldwide, Inc.
• GEFCO
• Ryder System, Inc.
• Schnellecke group ag & co. Kg
• Penske Automotive Group, Inc.
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Automotive Logistics Market Recent Developments
• In December 2022, Delhivery, a company that provides logistics services, has recently made an announcement regarding its acquisition of Algorhythm Tech Pvt Ltd of Pune. This acquisition was made for a sum of INR 14.9 crores (USD 17.99 Million) in an all-cash purchase, with the objective of expanding the company's integrated supply chain solutions portfolio. Delhivery has set a goal to complete the acquisition by the end of January 2023, and at that point, Algorhythm Tech will operate as a fully-owned subsidiary of the logistics company, which is headquartered in Gurugram.
• In August 2022, Bolloré Logistics, a global provider of transportation and logistics services, increased its presence in Australia by purchasing the South Australian firm Lynair Logistics. According to Thibault Janssens, CEO of Bolloré Logistics, Pacific Region, the purchase of Lynair Logistics further enhances their footprint in Australia, and they are glad to welcome their new, experienced, and highly skilled team members into the Bolaloré Logistics Australia team.
Automotive Logistics Market Reasons to Acquire
• Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
• Gain authentic and granular data access for the Automotive Logistics Market to understand the trends and the factors involved in changing market situations.
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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