The MEA automotive logistics market is expected to grow from US$ 12,671.13 million in 2021 to US$ 18,062.26 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028.
The supply chain of any industry is influenced by external factors such as fuel cost fluctuations, supplier/buyer relationships, consumer behavior, and partner ecosystems. For designing and planning supply chains for their customers, third-party service providers need to align their activities by considering other tasks, such as warehousing, transporting, designing facilities, order collections, goods distribution, and order management, along with certain facets of customer services. Having harmonic relations between each of the trading partners is vital for smooth operations overall. Despite the potential business benefits offered by the automotive logistics companies for supply chain management, the contract-based processes come under consistent scrutiny due to their dependence on third parties for business. Difficulties associated with ensuring the security of sensitive and confidential data are among the primary reasons for the sluggish acceptance of technologies in the automotive sector, which may further limit the growth of the automotive logistics market in the MEA.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA automotive logistics Market. The MEA automotive logistics Market is expected to grow at a good CAGR during the forecast period.
MEA automotive logistics Market Revenue and Forecast to 2028 (US$ Million)
MEA automotive logistics Market Segmentation
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.