Automotive Logistics Market Worth $472.9B by 2025

Transportation is estimated to be the largest segment of the Automotive Logistics Market during the forecast period

According to the new market research report “Automotive Logistics Market by Activity (Warehouse, Transport), Logistics Service (Inbound, Outbound, Reverse, Aftermarket), Mode of transport (Roadways, Railways, Maritime, Airways), Distribution, and Region – Global Forecast to 2025”, published by MarketsandMarkets™, the Automotive Logistics Market is estimated to be USD 284.1 billion in 2018 and is projected to reach USD 472.9 billion by 2025, at a CAGR of 7.55%. Increasing vehicle production and infrastructure development in emerging countries will drive the market during the forecast period.

Increasing global vehicle production has increased the demand for logistics services for the transportation of automotive components, accessories, spare parts, and finished vehicles. Due to low labor costs and taxes, Asia has become the hub of automotive production. It accounts for 55% of the global passenger car and LCV production. In the automotive logistics supply chain, transportation of components, accessories, spare parts, and finished vehicles is more expensive. These vehicles and components are exported to Europe and North America and require a multimodal mode of transport. According to experts, the introduction of electric vehicles will cause major changes in the automotive logistics supply chain. The logistics services for transportation and handling of batteries are expected to account for significant part of inbound logistics.

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