Europe Automotive Logistics Market
The Europe automotive logistics market is expected to grow from US$ 41,327.29 million in 2021 to US$ 62,348.35 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028.
With the continually increasing demand for vehicles in Europe, automobile manufacturers are increasingly focusing on expanding their automobile manufacturing units in number and capacities across the region. Subsequently, they have redirected their focus on reinforcing the logistic operations of vehicle components, wheels and tires, vehicle skeleton, and whole assembled vehicles from one location to another. Additionally, several automobile manufacturers have set up their assembly lines in different countries on different continents to be able to cater to the demands of respective countries easily. Several developing countries in Europe are experiencing an increasing number of automobile assembly units, which is propelling the automotive logistics market proliferation.
By offering products with new features and technologies, vendors in the Europe automotive logistics market can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe automotive logistics market at a good CAGR during the forecast period.
Europe Automotive Logistics Market Revenue and Forecast to 2028 (US$ Million
)
Europe automotive logistics Market Segmentation
The Europe automotive logistics Market is segmented based on by type, services, sector, and country. Based on type, the Europe automotive logistics Market is divided into outsourcing and insourcing. The insourcing dominated the Europe automotive logistics Market in 2021. Based on services, the Europe automotive logistics Market is categorized into transportation, warehousing, packaging processes, integrated service, and reverse logistics. The transportation segment dominated the Europe automotive logistics Market in 2021. 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 2021. Based on country, the Europe automotive logistics Market is segmented into France, Germany, UK, Italy, Russia, and Rest of Europe. The Germany segment dominated the Europe 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.; RYDER SYSTEM, INC.; XPO Logistics, Inc; and United Parcel Service of America, Inc. by Altair are among the leading companies in the Europe automotive logistics market.
The Europe Automotive Logistics Market is valued at US$ 41,327.29 Million in 2021, it is projected to reach US$ 62,348.35 Million by 2028.
As per our report Europe Automotive Logistics Market, the market size is valued at US$ 41,327.29 Million in 2021, projecting it to reach US$ 62,348.35 Million by 2028. This translates to a CAGR of approximately 6.1% during the forecast period.
The Europe 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 Europe Automotive Logistics Market report:
The Europe Automotive Logistics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Automotive Logistics Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Automotive Logistics Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
UK+442030260021, US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Automotive Logistics Market
