Report : North America 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)
Insourcing Segment to Dominate North America automotive logistics Market During 2021–2028
According to a new market research study on “North America automotive logistics Market to 2028 – COVID-19 Impact Analysis and Forecast by Component, by Type, Services, Sector, and Country” is expected to reach US$ 71,282.17 million by 2028 from US$ 48,567.79 million in 2021. The market is estimated to grow at a CAGR of 5.6% from 2021 to 2028. The report provides trends prevailing in the North America automotive logistics Market along with the drivers and restraints pertaining to the market growth. Increasing number of automobile manufacturing units in North America is stimulating the automotive logistics market growth and growing partnerships among automobile manufacturers logistics partners are the major factor driving the growth of the North America automotive logistics Market. However, complicated nature of supply chain business hinders the growth of North America automotive logistics Market.
The North America automotive logistics Market is segmented based on by type, services, sector, and country. Based on type, the North America automotive logistics Market is divided into outsourcing and insourcing. The insourcing dominated the North America automotive logistics Market in 2020. Based on services, the North America automotive logistics Market is categorized into transportation, warehousing, packaging processes, integrated service, and reverse logistics. The transportation segment dominated the North America 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 North America automotive logistics Market is segmented into US, Canada, and Mexico. The US segment dominated the North America 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 North America 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 2021, DSV Panalpina completes the acquisition of South African-based Globeflight Worldwide Express after the relevant competition authorities have approved the details in the agreement. The deal was initially announced in December 2020.