Global Automotive Logistics Market worth USD 331.02 Billion by 2024

Global Automotive Logistics Market worth USD 331.02 Billion by 2024

Pune, India, April 02, 2019 -- /360iResearch/ -- The report "Global Automotive Logistics Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 192.17 billion in 2017 and is projected to reach USD 331.02 billion by 2024, growing at a CAGR of 8.08% from 2017 to 2024.

The major forces driving the growth of the automotive logistics market include the impact of digitalization on globalization and increasing automobile production in asia oceania. Moreover, increasing investments and favorable policies for maritime transport in the logistics and connected machines with automated handling are also some of the factors that are driving the market growth. However certain factors such as the growing distance between factory and dealer may hinder the market growth. In the middle of difficulty lies opportunity such as the development and the strategic partnership among industry player, tugger train systems and autonomous trucks for automated operations, and electrification of big truck fleets with lightweight and zero emissions. The possible challenges for the market growth is increase in the price of gasoline and oems facing supply and demand imbalance. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on market, the global automotive logistics market is studied across and Parcel Sorting Robots. Based on service, the global automotive logistics market is studied across Car Logistics, Commercial Vehicle, and Freight Management. Based on distribution channel, the global automotive logistics market is studied across Aftermarket, and OEM. Based on geography, the global automotive logistics market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the automotive logistics market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are CEVA, DHL, DSV, Expeditors, Imperial, Kuehne + Nagel, Panalpina, Ryder, SNCF, and XPO.

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