The global automotive 3PL market is anticipated to grow at a considerable CAGR of 6.0% during the forecast period (2022-2028). 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
Browse the full report description of “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” at https://www.omrglobal.com/industry-reports/automotive-3pl-market
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.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• 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
Global Automotive 3PL Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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