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Automotive Logistics Market 2019 by Regional Trend & Growth Projections to 2025

Author : Rahul Varpe | Published Date : 2019-08-05 

Asia Pacific is projected to emerge as one of the dominant customer base for auto parts, with the anticipated demand being credited to the domestic auto manufacturing sector and a strong presence of global automobile manufacturers. India, specifically, is estimated to contribute substantial revenues to automotive logistics market over the forecast timeframe. The Society of Indian Automobile Manufacturers stated that passenger vehicle sales increased by 2.70% over March-April 2019 in India. The nation’s commercial vehicles segment also recorded a 17.55% growth in the quarter, as compared to the same period the previous year.


The U.S. dependency on imported light vehicles and automotive parts to meet consumer demand will enhance the revenue portfolio of automotive logistics market. While the United States produced over 11 million light vehicles in 2018, light vehicle sales were recorded at 17.3 million. In 2017, the value of imported parts and light vehicles totaled to exceed $340 billion. In the same year, 48 percent of all vehicles sold in the United States were imported. The changing dynamics of the regional automotive industry as far as vehicle part imports are considered will augment U.S. automotive logistics market trends.


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Japan will be a key market for domestic automotive logistics services and the country’s contribution is being attributed to well-established automobile manufacturers such as Toyota, Nissan and Honda that call Japan their home. Toyota, for instance, has its parts and logistics division network spanning across 38 countries, with over 177 dedicated sites that are operated by more than 79 overseas business entities and subsidiaries. Such vast networks are exactly why Japanese automakers enjoy a strong presence in different countries and will drive the expansion of the regional automotive logistics industry.


Growing intensity of vehicle production would be further providing a sizable boost to the automotive logistics market. According to a 2019 report by Volkswagen, deliveries by VW Commercial Vehicles division in 2018 amounted to approximately 500,000 vehicles, an increase on the numbers from the preceding year. The positive growth which leading companies like VW are experiencing, even in a slowing market landscape, would be providing further growth opportunities to the automotive logistics market players.


According to National Highway Traffic Safety Administration, the average vehicle manufactured in the United States depends on 40% to 50% imported components and parts. The auto trade of the country has significantly accelerated automobile logistics market and is expected to continue doing so in the forthcoming years. The automotive trade market of the U.S. has also been backed by the emerging automotive aftermarket industry owing to the strong economic growth.

Browse key industry insights spread across 200 pages with 308 market data tables & 10 figures & charts from the report, “Automotive Logistics Market ” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-logistics-market
 

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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