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Asia-Pacific Automotive Logistics Market

Data Bridge Market Research analyses that the automotive logistics market would exhibit a CAGR of 7.4% for the forecast period of 2022 to 2029.

Automotive logistics is a type of the seamless transportation service and warehousing facilities for the finished vehicles, its materials and spare parts from manufacturer to provider or end-user.

The collaboration and partnerships among the automobile manufacturers and logistics provider is increasing, which is fueling the growth of the automotive logistics market. Increased production of automobiles, high demand for plug-in vehicles or electric vehicles and rising population are also accelerating automotive logistics market. Furthermore, the increased adoption of new technologies such as cloud platforms has enabled the logistic provider and manufacturer to track the components, manage their businesses efficiently, which will create opportunities for the automotive logistics market.

However, the low efficiency of batteries of plug-in vehicles or electric vehicles is hampering the automotive logistics market growth.

 

For more:

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