The Daily Vale

Your Media

Automotive Logistics Market

Global automotive logistics market is expected to reach USD 561.62 billion by 2028 and witness market growth at a rate of 6.2% in the forecast period of 2021 to 2028. Data Bridge Market Research report on global automotive logistics market provides analysis and insights regarding the leading current market analysis scenario, upcoming as well as future opportunities and competitors.

Automotive logistics is referred to the seamless transportation service and warehousing facilities for the finished vehicles, its materials and spare parts from the manufacturer to supplier or end-user. Supplying materials and spare parts and providing warehouse services are parts of the automotive logistics and ensures a smooth flow of operations throughout the process.

The collaboration and partnerships among the automobile manufacturers and logistics providers are increasing, which is driving the growth of the automotive logistics market. Increased production of automobiles is also boosting growth. The demand for plug-in vehicles or electric vehicles is increasing, which is attributing to the growth of automotive logistics as well.

Also, 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, and proper communication between the manufacturer and supplier. However, the low efficiency of batteries of plug-in vehicles or electric vehicles is hampering growth.

For more:–62a70a8a1ac40bc77abad967—62a70ab0adec63cff2f7b382


Leave a Reply

Your email address will not be published.