Automotive Logistics Market worth $472.9 billion by 2025 by swapnilbhosale369@ · March 1 Alan Trammell Tigers Jersey , 2019
ore expensive. These vehicles and components are exported to Europe and North America and require a multimodal mode of transport. According to experts, the introduction of electric vehicles will cause major changes in the automotive logistics supply chain. The logistics services for transportation and handling of batteries are expected to account for significant part of inbound logistics.
Maritime logistics is estimated to be the fastest growing mode of transport in the Automotive Logistics Market
The transportation of cargo through waterways is more economical than roadways and railways. It does not require a huge capital investment in construction and maintenance, except in the case of canals. Various countries such as France, Germany, Spain, China Kirk Gibson Youth Jersey , India, and Brazil are working toward increasing the share of maritime transport in the logistics industry through investments and favorable policies. For instance, the European Union is working on 5 priority infrastructure projects that include 3 rail-marine projects and 2 inland waterways projects. Thus, marine logistics is estimated to witness the fastest growth during the forecast period.
Increased vehicle production and the presence of key OEMs would drive the Asia Oceania Automotive Logistics Market
Asia Oceania has emerged as a hub for automotive production in recent years because of changing consumer preferences, increasing the disposable income of the middle-class, and cost advantages for OEMs. China and Japan have the largest vehicle producer in the region. Vehicles are exported from China, Japan Al Kaline Youth Jersey , and South Korea to Europe and North America. China is the largest market for automotive logistics because of its huge vehicle production. With the One Belt, One Road (OBOR) initiative, China plans to improve infrastructure connectivity in East Asia, Southeast Asia, South Asia, Central Asia, and Europe. The OBOR project bodes well for the automotive logistics industry as it would lead to seamless connectivity from Asia to Europe.
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The Automotive Logistics Market is consolidated and dominated by a few global players. The key players in the market are DHL (Germany) Alan Trammell Youth Jersey , XPO (US), SNCF (France), Kuehne + Nagel (Switzerland), and DSV (Denmark).
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22.05.2019 07:39
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