The automotive logistics market is projected to grow from USD 284.1 billion in 2018 to USD 472.9 billion by 2025, at a CAGR of 7.55%. Increase in vehicle production and demand for raw materials and components are the key drivers for the growing logistics market. Also, infrastructural development in developing countries has given a boost to the automotive logistics market.
The automotive logistics market is consolidated and dominated by a few global players. The key players are DHL (Germany), XPO (US), SNCF (France), Kuehne + Nagel (Switzerland), and DSV (Denmark).
The industry has adopted key strategies such as expansions and partnerships. For instance, DHL Logistics opened a new facility near Shannon Airport. This would increase its daily carrying capacity from just over 20 tons to over 30 tons on each import and export flight. Also, DHL and Latvijas dzelzcel (LDz), a state-owned Latvian railway company, have signed a contract to establish multi-modal rail connections between China and Latvia. Through this agreement, Riga would be established as a logistics hub for the Baltic and Nordic regions. New freight connections will give the Baltic states easier access to immense untapped export opportunities in China and the Asia Pacific region.
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DHL, with its huge worldwide network, is the leading player in the automotive logistics industry. It has the largest logistics multimodal network and specializes in time-critical delivery. The company has adopted expansions as a key strategy during the period under study. In 2018, it established a new facility at Shannon, Ireland. Built at a cost of USD 5.1 million, the new facility would increase the daily goods carrying capacity by 10 tons. In addition, DHL adopted the strategy of partnerships to sustain its market share in the automotive logistics industry.
XPO is the second leading player in the automotive logistics industry. The company focuses on accuracy, flexibility, and efficiency in delivering goods. It has 11,000 independent owner operators under contract to provide expedite, last mile, and LTL services to more than 50,000 customers across 1,455 locations in 32 countries. XPO has developed a cloud-based digital freight market place known as XPO Connect. It is a fully automated and dynamic platform that provides multimodal freight transportation solutions. To meet the demand for logistics services in Europe, the company has invested USD 90 million in 770 tractors for LTL goods. With such developments, the company is maintaining its position in the market.
Automotive Logistics Market by Activity (Warehouse, Transport), Logistics Service (Inbound, Outbound, Reverse, Aftermarket), Mode of transport (Roadways, Railways, Maritime, Airways), Distribution, and Region - Global Forecast to 2025
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