Global Automotive 3PL Market Size study, by Type (Finished Vehicle, Auto Component, Other types), by Service (Transportation, Warehousing, Distribution, and Inventory Management and Other Services) and Regional Forecasts 2022-2028

Global Automotive 3PL Market Size study, by Type (Finished Vehicle, Auto Component, Other types), by Service (Transportation, Warehousing, Distribution, and Inventory Management and Other Services) and Regional Forecasts 2022-2028

Global Automotive 3PL Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. Third-party logistics companies provide services such as inventory management, door-to-door delivery, product packaging and others to automobile and automobile component manufacturers and purchasers. Reduction in inventory and supply chain cost, growing sales of automobiles and strategic initiatives by market players are the factors fueling demand in the market. According to the International Organization of Motor Vehicle Manufacturers, commercial vehicle sales in Europe surged from 2.78 million units in 2018 to 2.83 million units in 2019. Also in Japan, commercial vehicle sales swelled from 880 thousand in 2018 to 894 thousand in 2019. Additionally, in October 2020, DSV partnered with Verity to deploy an autonomous drone system in its warehouses for inventory management. These drones can scan barcodes without the requirement of humans as well as capable of detecting empty or occupied pellet positions. Furthermore, growing number of warehouses and technological advancements are expected to further inject growth in the market during the forecast period. However, stringent regulations associated with shipping and high costs required for specialized equipment can hamper the growth in the near future.

The geographical regions considered for the global Automotive 3PL market analysis include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is deemed as a significant region in terms of revenue owing to the presence of prominent market players and enhanced shipping services. Whereas, Asia Pacific is expected to grow with a significant growth rate in coming years, due to the rapidly growing automotive sector and growing trans-regional trade corridors.

Major market players included in this report are:
DB Schenker
CEVA Logistics
Kuehne+Nagel
Expeditors International
XPO Logistics, Inc.
Deutsche Post AG
SINOTRANS Limited
C.H. Robinson Worldwide, Inc.
Ryder System, Inc.
Schnellecke group ag & co. Kg

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Finished Vehicle
Auto Component
Other types
By Service:
Transportation
Warehousing, Distribution, and Inventory Management
Other Services
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Automotive 3PL Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

DB Schenker
CEVA Logistics
Kuehne+Nagel
Expeditors International
XPO Logistics, Inc.
Deutsche Post AG
SINOTRANS Limited
C.H. Robinson Worldwide, Inc.
Ryder System, Inc.
Schnellecke group ag & co. Kg

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