DUBLIN, Oct. 16, 2019 /PRNewswire/ -- The "Asia Pacific Automotive Logistics Market to 2027 - Regional Analysis and Forecasts By Type; Services; and Sector" report has been added to ResearchAndMarkets.com's offering.
The Asia Pacific automotive logistics market accounted for US$ 87.59 Bn in 2018 and is expected to grow at a CAGR of 7.4% over the forecast period 2019-2027, to account for US$ 170.24 Bn in 2027.
The strategic partnerships among logistics providers & automobile manufacturers and the increase in the number of manufacturing units for automobile are boosting the automotive logistics market growth. Moreover, the adoption of advanced technologies is expected to boost the automotive logistics market. Cloud technology is one of the key technologies which is anticipated to furnish the logistic companies growth in the years to come. Cloud technology offers several benefits to the transportation company, such as better customer experience in terms of speed, lower prices, and the ability to track goods.
Cloud technology facilitates logistics service providers to manage their businesses efficiently, allowing continuous communication with suppliers and customers. Additionally, the autonomous vehicles segment especially, the passenger car segment is gaining substantial popularity in recent time, and several automobile manufacturers are involved in their testing autonomous trucks. The autonomous trucks would benefit the logistics companies as well as the suppliers with enhanced safety and shorter lead times.
The automotive logistics market is fragmented in nature due to the presence of several industries, and the competitive dynamics in the market is anticipated to change during the coming years. In addition to this, various initiatives are undertaken by governmental bodies to accelerate the automotive logistics market further. For instance, in Asia-Pacific, relevant regulations and initiatives in order to improve professional standard by industry & government play an important role in logistics operations. The range of logistics services is subject to logistic industry regulations and policies.
Moreover, the expansion of such services is also driven by government policies. For instance, the Framework Act on Logistics Policies in Korea provides benefits to companies delivering integrated services of warehousing, transport, and value-added services. The companies entering in the automotive logistics market have to comply with multiple entry requirements depending on the type of plan they offer.
The APAC automotive logistics market by type is dominated by the insourcing segment in the year 2018 and is anticipated to continue its dominance showcasing a substantial growth rate in the forecast period. The automotive logistics market by type is segmented into outsourcing and insourcing logistics services. In the era of the rapidly changing scenario of logistics and businesses, the shippers and respective logistics providers are expected to witness substantial growth opportunities.
To match up with changing requirements of end users, including automotive, now the logistics providers have progressed to collaborative partners from tactical service providers. Moreover, the increased quality control and control over operations achieved in the insourcing method is driving the insourcing market.
Key Topics Covered:
2. Key Takeaways
3. Research Methodology
4. Automotive Logistics Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
4.4 Expert Opinions
5. Asia Pacific Automotive Logistics Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increase in the Number of Manufacturing Units for Automobile
5.1.2 Strategic Partnerships Among Logistics Providers and Automobile Manufacturers
5.2 Key Market Restraints
5.2.1 Cumbersome Nature of the Business
5.3 Key Market Opportunities
5.3.1 Automobile Manufacturers Pose Substantial Business Opportunities for Automotive Logistic Providers
5.4 Future Trends
5.4.1 Adoption of Advanced Technologies to Boost the Automotive Logistics Market
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Logistics Market - Asia Pacific Analysis
6.1 Asia Pacific Automotive Logistics Market Overview
6.2 Asia Pacific Automotive Logistics Market Forecast and Analysis
7. Asia Pacific Automotive Logistics Market Analysis - By Type
7.2 Asia Pacific Automotive Logistics Market Breakdown, By Type, 2018 & 2027
8. Asia Pacific Automotive Logistics Market Analysis - By Services
8.2 Asia Pacific Automotive Logistics Market Breakdown, By Services, 2018 & 2027
8.5 Packaging Processes
8.6 Integrated Service
8.7 Reverse Logistics
9. Asia Pacific Automotive Logistics Market Analysis - By Sector
9.2 Asia Pacific Automotive Logistics Market Breakdown, By Sector, 2018 & 2027
9.3 Passenger Vehicle
9.4 Commercial Vehicle
10. Asia Pacific Automotive Logistics Market Revenue and Forecasts to 2027 - Country
11. Industry Landscape
11.1 Merger & Acquisition
11.2 Market Initiative
11.3 New Development
12. Automotive Logistics Market- Company Profiles
- CEVA Logistics AG
- DB Schenker (Deutsche Bahn AG)
- DHL International GmbH (Deutsche Post AG)
- DSV A/S
- KUEHNE + NAGEL International AG
- Nippon Express Co., Ltd.
- Ryder System, Inc.
- XPO Logistics, Inc.
- United Parcel Service, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/4x76l4
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