Global Automotive Third Party Logistics Market, By Transport (Roadways, Railways, Waterways, Airways), Services (Dedicated Contract Carriage (DCC)/Freight Forwarding, Domestic Transportation Management, International Transportation Management Warehousing and Distribution, Value-Added Logistics Services), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive Third Party Logistics Market
The automotive third party logistics market is expected to witness market growth at a rate of 6.20% in the forecast period of 2021 to 2028. Data bridge market Research report on automotive third party logistics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for one-stop shop services is escalating the automotive third party logistics market.
The third party logistics company refers to a company which provides multiple logistics services to purchasing company. The manufacturer outsources activities related to logistics and distribution through third party logistics. Several services are provided through this function such as door-to-door delivery, packaging of products, inventory management and others.
The increase in demand of these third party logistics from the automotive industry for the reduction of inventory and supply chain costs at each transaction along with their customers in the field is one of the major factors driving the growth of automotive third party logistics market. The rise in need for one-stop services from automotive sector to outsource services such as inventory control, inbound material flow management, container management, kitting, packaging, cross-docking, reverse logistics, warehousing, transportation and just-in-time delivery increases the demand for the logistics provider. The expansion of e-commerce sector and the penetration of new technologies also influence the automotive third party logistics market. The growing emphasis on adaptability and responsiveness due to the modern supply chain to becoming more customer-centric and the need for expertise to handle the complex supply chain activities such as international documentation procedure accelerate the automotive third party logistics market growth. Additionally, growing penetration of internet and mobile coupled with increase in the number of warehouses positively affect the automotive third party logistics market. Furthermore, technological advancement and change in retail business model extend profitable opportunities to the automotive third party logistics market players in the forecast period of 2021 to 2028.
On the other hand, high cost required for specialized equipment to transport automobile, stringent regulatory norms associated with shipping and lack of infrastructure are factors expected to obstruct the automotive third party logistics market growth. Absence of good reporting system, loss of direct control and reputation of the brand are projected to challenge the automotive third party logistics market in the forecast period of 2021-2028.
This automotive third party logistics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive third party logistics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive Third Party Logistics Market Scope and Market Size
The automotive third party logistics market is segmented on the basis of transport and services. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of transport, the automotive third party logistics market is segmented into roadways, railways, waterways and airways.
- On the basis of services, the automotive third party logistics market is segmented into dedicated contract carriage (DCC)/freight forwarding, domestic transportation management, international transportation management warehousing and distribution and value-added logistics services.
Global Automotive Third Party Logistics Market Country Level Analysis
Global automotive third party logistics market is analyzed and market size, volume information is provided by country, transport and services as referenced above.
The countries covered in the global automotive third party logistics market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the automotive third party logistics market due to the presence of prominent key players and enhanced shipping services. Asia-Pacific is expected to witness the highest CAGR in the forecast period of 2021 to 2028 because of the growing trans-regional trade corridors and gateways and strategic change of automotive sector in the developing nations.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Third Party Logistics Market Share Analysis
Automotive third party logistics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive third party logistics market.
The major players covered in the automotive third party logistics market report are Agility, BDP International, C.H. Robinson Worldwide, Inc., CEVA Logistics, DB Schenker, DSV, Deutsche Post AG, Expeditors International of Washington, Inc., FedEx, Flexport Inc., J.B. Hunt Transport, Inc, Kerry Logistics Network Limited, Kuehne+Nagel, Landstar System, Nippon Express, GEODIS, Ryder System, Inc., Schneider National, Inc., United Parcel Service of America, Inc., XPO Logistics, Inc., YUSEN LOGISTICS CO., LTD. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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