Report : Asia Pacific Automotive Logistics Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Outsourcing and Insourcing), Service (Transportation, Warehousing, Packaging Process, Integrated Service, and Reverse Logistics), and Sector (Passenger Vehicle, Commercial Vehicle, Tire, and Component)
Asia Pacific Automotive Logistics Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type (Outsourcing and Insourcing), Services (Transportation, Warehousing, Packaging Processes, Integrated Service, and Reverse Logistics), and Sector (Passenger Vehicle, Commercial Vehicle, Tire, and Component)
Component Segment to Dominate APAC automotive logistics Market During 2021–2028
According to a new market research study on “APAC automotive logistics Market to 2028 – COVID-19 Impact Analysis and Forecast by Component, by Type, Services, Sector, and Country” is expected to reach US$ 1,42,342.06 million by 2028 from US$ 86,771.42 million in 2021. The market is estimated to grow at a CAGR of 7.3% from 2021 to 2028. The report provides trends prevailing in the APAC automotive logistics Market along with the drivers and restraints pertaining to the market growth. Developing number of automobile manufacturing units APAC is stimulating the automotive logistics market growth and rising number partnerships among automobile manufacturers and logistics partners are the major factor driving the growth of the APAC automotive logistics Market. However, problematic nature of supply chain business hinders the growth of APAC automotive logistics Market.
The APAC automotive logistics Market is segmented based on by type, services, sector, and country. Based on type, the APAC automotive logistics Market is divided into outsourcing and insourcing. The insourcing dominated the APAC automotive logistics Market in 2020. Based on services, the APAC automotive logistics Market is categorized into transportation, warehousing, packaging processes, integrated service, and reverse logistics. The transportation segment dominated the APAC automotive logistics Market in 2020. Based on sector, the APAC automotive logistics Market is categorized into passenger vehicle, commercial vehicle, tire, and component. The component segment dominated the APAC automotive logistics Market in 2020. Based on country, the APAC automotive logistics Market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. The China segment dominated the APAC automotive logistics Market in 2020.
CEVA LOGISTICS AG; DB Schenker; DHL International GmbH; DSV A/S; GEODIS; Kuehne + Nagel International AG; Nippon Express Co., Ltd.; XPO Logistics, Inc; and United Parcel Service of America, Inc. by Altair are among the leading companies in the APAC automotive logistics Market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, Kuehne + Nagel entered into a partnership with a Chinese automotive logistics group Sincero. This partnership aims to make significant investment in a joint venture concentrating on the contract logistics for automotive industry and also to boost the automotive sector in China.
APAC Automotive Logistics Market, By Country, 2020 and 2028 (%)
Source: Business Market Insights Analysis
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