Automotive 3PL Market
Global Automotive 3PL Market Size, Share & Trends Analysis Report by Type (Finished Vehicle, Auto Component, and other types), By Service (Transportation, Warehousing, Distribution, and Inventory Management, and Other Services) Forecast Period 2022-2028 Update Available - Forecast 2024-2030
The global market for Automotive 3PL is projected to have a considerable CAGR of around 6.0% during the forecast period. The automotive 3PL market is anticipated to grow in the coming years as finished vehicle logistics (FVL) becomes more efficient. The use of FVL would decrease the number of trucks on the road. For instance, NVD, an Irish automotive distributor, improved its logistics process by implementing intelligent solutions. It has therefore doubled its productivity and shorten customer lead times. However, the shortage of truck drivers may obstruct the demand for automotive 3PL. Further, the demand for logistics services is growing as the automobile industry seeks to outsource services including inbound material flow management, inventory control, packing, cross-docking, container management, warehousing, transportation, cross-docking, reverse logistics, and just-in-time delivery.
COVID-19 impact on Automotive 3PL Market
The global impact of the COVID-19 pandemic has prompted automakers to focus on localizing their production. This is due to their dependence on a particular region, which has put them at risk. China and Taiwan are considered to be the leading producers of semiconductors used in automobiles. The industry has been experiencing raw material shortages, such as steel, since the third quarter of 2020, hence why OEMs are attempting to increase demand to refill their inventories. As a result, manufacturers are shifting to new sourcing tactics, which will have an impact on the automotive logistics business.
Segmental Outlook
The global automotive 3PL market is segmented based on type and service. Based on the type, the market is further classified into the finished vehicle, auto component, and other types. Further, based on service, the market is segregated into transportation, warehousing, distribution, inventory management, and other services.
Global Automotive 3PL Market Share by type, 2021(%)
The Finished Vehicle Segment is Likely to Hold Significant Share in the Global Automotive 3PL Market.
Among types, the finished vehicle segment is estimated as dominating segment during the forecast period. The finished vehicle logistics market is being boosted by an increase in car registrations in both developing and developed countries, as well as structured transportation and warehousing activities in the automotive industry. The industry participants are offering value-added services such as mobile tracking and GPS to help vehicle manufacturers track their finished vehicles more easily. Developments in supply chain management systems help the automotive production planning systems. Increased demand for responsive supply chains from regional freight forwarding operations and just-in-time delivery is expected to also boost the finishes vehicle segment.
Regional Outlook
Geographically, the global Automotive 3PL market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). Europe is projected to have a significant CAGR in the Automotive 3PL market due to the expansion of the e-commerce sector and the increasing demand for electric vehicles would accelerate growth. Germany has been witnessing an increase in automotive component sales due to the growth of hybrid and electric vehicles and the government is also encouraging the development of self-driving vehicles in Germany.
Global Automotive 3PL Market Growth, by region 2022-2028
The Asia Pacific to Hold a Considerable Share in the Global Automotive 3PL Market
Geographically, Asia Pacificists is projected to hold a significant share in the global Automotive 3PL market. The factors that are contributing to the growth of the market include the low wages of laborers, abundance availability of raw materials, and the high demand for vehicles. The development of the auto parts manufacturing industry in Asia- the Pacific is primarily driven by the growing automobile manufacturing industry, especially in countries, such as China, Korea, and India. The demand for a vast and diverse number of automotive parts and components is growing as electric vehicle production increases, and this will be one of the primary drivers driving market growth in the region. Increasing scrapping rates of motor vehicles and engines tend to propel the demand for original equipment engines in the region.
Market Players Outlook
The key players in the automotive 3PL market contribute significantly by providing different types of products and increasing their geographical presence across the globe. DHL Group, Nippon Express., Hellmann Worldwide Logistics., Kerry Logistics among others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. In October 2020, DSV partnered with Verity, a digital startup, to employ an autonomous drone system for inventory management in its warehouses. These drones are capable of identifying empty or occupied pellet positions. They can also scan barcodes without the requirement of humans.
The Report Covers
- Market value data analysis of 2022 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive 3PL market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying 'who-stands-where in the market.
1. Report Summary
1.1. Research Methods and Tools
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Automotive 3PL Industry
• Recovery Scenario of Global Automotive 3PL Industry
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.4. Impact of COVID-19 on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Automotive 3PL Market by Type
5.1.1. Finished Vehicle
5.1.2. Auto Component
5.1.3. Other Types
5.2. Global Automotive 3PL Market by Service
5.2.1. Transportation
5.2.2. Warehousing
5.2.3. Distribution
5.2.4. Inventory Management
5.2.5. Other services
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. ASEAN
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. C.H. Robinson Worldwide, Inc
7.2. CEVA Logistics
7.3. DB Schenker
7.4. DHL Group
7.5. DSV A/S
7.6. GEFCO Group
7.7. Hellmann Worldwide Logistics SE & Co. KG
7.8. Hub Group
7.9. Ingstad & Co
7.10. Kerry Logistics
7.11. M&W Logistics Group
7.12. NFI Industries
7.13. Nippon Express Company, Ltd.
7.14. Premier Logistics Solutions
7.15. Promptus, LLC
7.16. Ryder System, Inc
7.17. Tiba Group
7.18. Toll Group
7.19. Verst Group Logistics, Inc
7.20. XPO Logistics Inc
1. GLOBAL AUTOMOTIVE 3PL MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL AUTOMOTIVE 3PL FOR FINISHED VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL AUTOMOTIVE 3PL FOR AUTO COMPONENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL AUTOMOTIVE 3PL IN OTHER TYPE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL AUTOMOTIVE 3PL MARKET RESEARCH AND ANALYSIS BY SERVICE, 2021-2028 ($ MILLION)
6. GLOBAL AUTOMOTIVE 3PL IN TRANSPORTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL AUTOMOTIVE 3PL IN WAREHOUSING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL AUTOMOTIVE 3PL IN DISTRIBUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL AUTOMOTIVE 3PL IN INVENTORY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL AUTOMOTIVE 3PL IN OTHER SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL AUTOMOTIVE 3PL MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
12. NORTH AMERICAN ANTI-MICROBIAL AUTO COMPONENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN ANTI-MICROBIAL AUTO COMPONENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
14. NORTH AMERICAN ANTI-MICROBIAL AUTO COMPONENT MARKET RESEARCH AND ANALYSIS BY SERVICE, 2021-2028 ($ MILLION)
15. EUROPEAN ANTI-MICROBIAL AUTO COMPONENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. EUROPEAN ANTI-MICROBIAL AUTO COMPONENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
17. EUROPEAN ANTI-MICROBIAL AUTO COMPONENT MARKET RESEARCH AND ANALYSIS BY SERVICE, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC ANTI-MICROBIAL AUTO COMPONENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC ANTI-MICROBIAL AUTO COMPONENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC ANTI-MICROBIAL AUTO COMPONENT MARKET RESEARCH AND ANALYSIS BY SERVICE, 2021-2028 ($ MILLION)
21. REST OF THE WORLD ANTI-MICROBIAL AUTO COMPONENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
22. REST OF THE WORLD ANTI-MICROBIAL AUTO COMPONENT MARKET RESEARCH AND ANALYSIS BY SERVICE, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL AUTOMOTIVE 3PL MARKET, 2021-2028 (% MILLION)
2. IMPACT OF COVID-19 ON GLOBAL AUTOMOTIVE 3PL MARKET BY SEGMENT, 2021-2028 (% MILLION)
3. RECOVERY OF GLOBAL AUTOMOTIVE 3PL MARKET, 2021-2028 (%)
4. GLOBAL AUTOMOTIVE 3PL MARKET SHARE BY TYPE, 2021 VS 2028 (%)
5. GLOBAL AUTOMOTIVE 3PL MARKET SHARE BY SERVICE, 2021 VS 2028 (%)
6. GLOBAL AUTOMOTIVE 3PL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL AUTOMOTIVE 3PL FOR FINISHED VEHICLE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL AUTOMOTIVE 3PL FOR AUTO COMPONENT SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL AUTOMOTIVE 3PL FOR OTHER TYPE SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL AUTOMOTIVE 3PL IN TRANSPORTATION SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL AUTOMOTIVE 3PL IN WAREHOUSING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL AUTOMOTIVE 3PL IN DISTRIBUTION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL AUTOMOTIVE 3PL IN INVENTORY MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL AUTOMOTIVE 3PL IN INVENTORY MANAGEMENT GLOBAL AUTOMOTIVE 3PL FOR OTHER TYPE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL AUTOMOTIVE 3PL IN OTHER SERIVCES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. US AUTOMOTIVE 3PL MARKET SIZE, 2021-2028 ($ MILLION)
17. CANADA AUTOMOTIVE 3PL MARKET SIZE, 2021-2028 ($ MILLION)
18. UK AUTOMOTIVE 3PL MARKET SIZE, 2021-2028 ($ MILLION)
19. FRANCE AUTOMOTIVE 3PL MARKET SIZE, 2021-2028 ($ MILLION)
20. GERMANY AUTOMOTIVE 3PL MARKET SIZE, 2021-2028 ($ MILLION)
21. ITALY AUTOMOTIVE 3PL MARKET SIZE, 2021-2028 ($ MILLION)
22. SPAIN AUTOMOTIVE 3PL MARKET SIZE, 2021-2028 ($ MILLION)
23. ROE AUTOMOTIVE 3PL MARKET SIZE, 2021-2028 ($ MILLION)
24. INDIA AUTOMOTIVE 3PL MARKET SIZE, 2021-2028 ($ MILLION)
25. CHINA AUTOMOTIVE 3PL MARKET SIZE, 2021-2028 ($ MILLION)
26. JAPAN AUTOMOTIVE 3PL MARKET SIZE, 2021-2028 ($ MILLION)
27. ASEAN AUTOMOTIVE 3PL MARKET SIZE, 2021-2028 ($ MILLION)
28. SOUTH KOREA AUTOMOTIVE 3PL MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF ASIA-PACIFIC AUTOMOTIVE 3PL MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD AUTOMOTIVE 3PL MARKET SIZE, 2021-2028 ($ MILLION)
