Report : Europe Automotive Logistics Market Forecast to 2028 – COVID-19 Impact and 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)
Transportation Segment to Dominate Europe automotive logistics Market During 2021–2028
According to a new market research study on “Europe automotive logistics Market to 2028 – COVID-19 Impact Analysis and Forecast by Component, by Type, Services, Sector, and Country” is expected to reach US$ 62,348.35 million by 2028 from US$ 41,327.29 million in 2021. The market is estimated to grow at a CAGR of 6.1% from 2021 to 2028. The report provides trends prevailing in the Europe automotive logistics Market along with the drivers and restraints pertaining to the market growth. Growing number of automobile manufacturing units Europe is stimulating the automotive logistics market growth and increasing partnerships among automobile manufacturers and logistics partners are the major factor driving the growth of the Europe automotive logistics Market. However, difficult nature of supply chain business hinders the growth of Europe automotive logistics Market.
The Europe automotive logistics Market is segmented based on by type, services, sector, and country. Based on type, the Europe automotive logistics Market is divided into outsourcing and insourcing. The insourcing dominated the Europe automotive logistics Market in 2020. Based on services, the Europe automotive logistics Market is categorized into transportation, warehousing, packaging processes, integrated service, and reverse logistics. The transportation segment dominated the Europe automotive logistics Market in 2020. Based on sector, the Europe automotive logistics Market is categorized into passenger vehicle, commercial vehicle, tire, and component. The component segment dominated the Europe automotive logistics Market in 2020. Based on country, the Europe automotive logistics Market is segmented into France, Germany, UK, Italy, Russia, and Rest of Europe. The Germany segment dominated the Europe 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.; RYDER SYSTEM, INC.; XPO Logistics, Inc; and United Parcel Service of America, Inc. by Altair are among the leading companies in the Europe 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 2019, UPS announced opening of a new hub in Prague. The facility, near Vaclav Havel Airport, would be located in a key economic region of the Czech Republic, where small and large companies are turning to exports to grow their businesses, and the hub is scheduled to be opened at the beginning of 2020.