Automotive 3PL market is anticipated to grow at a considerable CAGR of 6.0% during the forecast period (2023-2029). 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
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
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Type
- By Service
Regions Covered
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– DHL Group, Nippon Express., Hellmann Worldwide Logistics., Kerry Logistics.
Automotive 3PL Market Report Segment
By Type
- Finished Vehicle
- Auto Component
- Others Types
By Service
- Transportation
- Warehousing, Distribution, and Inventory Management
- Other services
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Automotive 3PL Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- H. Robinson Worldwide, Inc
- CEVA Logistics
- DB Schenker
- DHL Group
- DSV A/S
- GEFCO Group
- Hellmann Worldwide Logistics SE & Co. KG
- Hub Group
- Ingstad & Co
- Kerry Logistics
- M&W Logistics Group
- NFI Industries
- Nippon Express Company, Ltd.
- Premier Logistics Solutions
- Promptus, LLC
- Ryder System, Inc
- Tiba Group
- Toll Group
- Verst Group Logistics, Inc
- XPO Logistics Inc
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
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