Report : Middle East & Africa 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)
Middle East & Africa 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)
Insourcing Segment to Dominate MEA automotive logistics Market During 2021–2028
According to a new market research study on “MEA automotive logistics Market to 2028 – COVID-19 Impact Analysis and Forecast by Component, by Type, Services, Sector, and Country” is expected to reach US$ 18,062.26 million by 2028 from US$ 12,671.13 million in 2021. The market is estimated to grow at a CAGR of 5.2% from 2021 to 2028. The report provides trends prevailing in the MEA automotive logistics Market along with the drivers and restraints pertaining to the market growth. Increasing number of automobile manufacturing units MEA is stimulating the automotive logistics market growth and continuously growing number of partnerships among automobile manufacturers and logistics partners are the major factor driving the growth of the MEA automotive logistics Market. However, troublesome nature of supply chain business hinders the growth of MEA automotive logistics Market.
The MEA automotive logistics Market is segmented based on by type, services, sector, and country. Based on type, the MEA automotive logistics Market is divided into outsourcing and insourcing. The insourcing dominated the MEA automotive logistics Market in 2020. Based on services, the MEA automotive logistics Market is categorized into transportation, warehousing, packaging processes, integrated service, and reverse logistics. The transportation segment dominated the MEA automotive logistics Market in 2020. Based on sector, the MEA automotive logistics Market is categorized into passenger vehicle, commercial vehicle, tire, and component. The component segment dominated the MEA automotive logistics Market in 2020. Based on country, the MEA automotive logistics Market is segmented into South Africa, Saudi Arabia, UAE, and Rest of MEA. The South Africa segment dominated the MEA 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 MEA 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, CEVA Logistics AG appointed Criss Edwards as a Senior Vice President. The company assigned Criss Edwards to manage process improvements and operational excellence of Automotive and Industrial Inbound Logistics sector operations.