The significant proliferation of vehicle manufacturing, within country sales and export of vehicles in China, is a prominent part of ‘Belt and Road’ strategy. China, being the most significant vehicle manufacturing country in the Asia Pacific region, produced 27.8 million vehicles in 2018, which showcases, the demand for automotive logistics in the country. Chinese automakers export their vehicles to several countries, including Afghanistan, Brazil, Chile, Egypt, the Philippines, Russia, and Saudi Arabia, among others. The rising demand for Chinese manufactured vehicles in these countries are pressurizing the Chinese automakers to engage themselves in partnering with logistics companies increasingly. This factor is posing a significant business growth opportunity for Chinese logistics companies as well as international logistics partners, thereby, is anticipated to boost the automotive logistics market in the coming years.
XPO Logistics, UPS Parcel Services, DHL, Ryder, Kuehne + Nagel International AG – Prominent Market Participants in Automotive Logistics Market
This is majorly attributed to the fact that several automakers in South Korea and Japan have assembly lines situated in across country as well as internationally, and the demand for components and spare parts are consistently at high. Pertaining to meet the demands for automotive components and spare parts, as well as, finished vehicles from manufacturing plants to different dealerships, the car makers are increasingly collaborating with recognized logistic companies. This factor is catalyzing the growth of automotive logistics market in the South East Asia region.
XPO Logistics, UPS Parcel Services, DHL, Ryder, Kuehne + Nagel International AG. The above listing of key players is derived by considering multiple factors such as overall revenue, current IR spectroscopy solution portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. There are various other notable players in the global automotive logistics market ecosystem, such as CEVA Logistics AG, DB Schenker, DSV A/S, GEODIS, Nippon Express Co., Ltd. A few of the important market initiatives and product developments from the industry are mentioned below:
|
Year |
News |
Country |
|
2021 |
DSV expands air freight capacity with new intercontinental air charter routes |
Europe |
|
2021 |
DSV Panalpina completes the acquisition of South African-based Globeflight Worldwide Express after the relevant competition authorities have approved the details in the agreement. The deal was initially announced in December 2020. |
Middle East and Africa |
|
2020 |
Porsche Cars Canada Selects DB Schenker to Operate its New Mississauga, Ontario Parts Distribution Centre |
North America |
