The global automotive 3PL market is anticipated to grow at a considerable CAGR of 6.0% during the forecast period (2024-2031). In August 2021, Germany reached its target of one million registered battery-electric and plug-in hybrid vehicles, as per the government resources. According to the German Association of the Automotive Industry (VDA), electric vehicles accounted for 30.4% of vehicle registrations for the first time in October 2021. In the month of October, 178,800 cars were registered in Germany, with 54,400 of them being electric vehicles. Electric vehicle profit margins are currently quite high, as the German government supports the purchase of electric vehicles with up to 6000 Euros
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Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in June 2021, Gefco has expanded its service parts centre in Wiesbaden, Germany. Gefco has increased the size of its automotive service parts warehouse in Wiesbaden, Germany, to 10,000 square meters, with intentions to implement industry 4.0 technology in the coming months. The logistics provider said it was evaluating warehouse management systems and digitizing workflows to make service parts logistics more efficient, with the Wiesbaden parts centre serving as a testing ground for machine learning, artificial intelligence, and internet-of-things (IoT) technologies.
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Market Coverage
- Segment Covered-
o By Type
o By Service
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- DHL Group, Nippon Express., Hellmann Worldwide Logistics., Kerry Logistics.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Automotive 3PL Market Report Segment
By Type
- Finished Vehicle
- Auto Component
- Others Types
By Service
- Transportation
- Warehousing, Distribution, and Inventory Management
- Other services
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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