The SAM automotive logistics market is expected to grow from US$ 6,448.45 million in 2021 to US$ 8,787.94 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028.
The automotive logistics companies are expected to witness lucrative growth opportunities in SAM in the coming years with the continuous rise in vehicle demand. The integration of advanced technologies, such as cloud technology, would foster the growth of the logistics companies responsible for transporting automobiles and automotive components. Cloud technology benefits transportation companies by enabling better customer experience in terms of speed, prices, and goods tracking abilities. Cloud technology facilitates logistics service providers to manage their businesses efficiently, allowing continuous communication with suppliers and customers.
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 SAM automotive logistics Market. The SAM automotive logistics Market is expected to grow at a good CAGR during the forecast period.
SAM automotive logistics Market Segmentation
The SAM automotive logistics Market is segmented based on by type, services, sector, and country. Based on type, the SAM automotive logistics Market is divided into outsourcing and insourcing. The insourcing dominated the SAM automotive logistics Market in 2021. Based on services, the SAM automotive logistics Market is categorized into transportation, warehousing, packaging processes, integrated service, and reverse logistics. The transportation segment dominated the SAM automotive logistics Market in 2021. Based on sector, the SAM automotive logistics Market is categorized into passenger vehicle, commercial vehicle, tire, and component. The component segment dominated the SAM automotive logistics Market in 2021. Based on country, the SAM automotive logistics Market is segmented into Brazil, Argentina, and Rest of SAM. The Rest of SAM segment dominated the SAM automotive logistics Market in 2021.
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 SAM automotive logistics Market.