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.
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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.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
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
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.
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