Asia Pacific Automotive Logistics Market
The APAC automotive logistics market is expected to grow from US$ 86,771.42 million in 2021 to US$ 142,342.06 million by 2028; it is estimated to grow at a CAGR of 7.3% from 2021 to 2028.
The automotive industry has been one of the prime contractors of logistics companies over the years. Companies in this industry prefer partnering with logistics partners to transport their components as well as finished vehicles from one location to another. These partnerships allow automobile and component manufacturers to have better control over inbound as well as outbound transportation services, with shorter lead times and timely deliveries. The growing number of such partnerships among automotive manufacturers and logistics companies are favoring the growth of the automotive logistics market in APAC.
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 APAC automotive logistics Market. The APAC automotive logistics Market is expected to grow at a good CAGR during the forecast period.
APAC automotive logistics Market Segmentation
The APAC automotive logistics Market is segmented based on by type, services, sector, and country. Based on type, the APAC automotive logistics Market is divided into outsourcing and insourcing. The insourcing dominated the APAC automotive logistics Market in 2021. Based on services, the APAC automotive logistics Market is categorized into transportation, warehousing, packaging processes, integrated service, and reverse logistics. The transportation segment dominated the APAC automotive logistics Market in 2021. Based on sector, the APAC automotive logistics Market is categorized into passenger vehicle, commercial vehicle, tire, and component. The component segment dominated the APAC automotive logistics Market in 2021. Based on country, the APAC automotive logistics Market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. The China segment dominated the APAC 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 APAC automotive logistics Market.
The Asia Pacific Automotive Logistics Market is valued at US$ 86,771.42 Million in 2021, it is projected to reach US$ 142,342.06 Million by 2028.
As per our report Asia Pacific Automotive Logistics Market, the market size is valued at US$ 86,771.42 Million in 2021, projecting it to reach US$ 142,342.06 Million by 2028. This translates to a CAGR of approximately 7.3% during the forecast period.
The Asia Pacific Automotive Logistics Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Automotive Logistics Market report:
The Asia Pacific Automotive Logistics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Automotive Logistics Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Automotive Logistics Market value chain can benefit from the information contained in a comprehensive market report.
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