The North America Automotive Logistics Market is growing along with the Automotive and Transportation industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
The rising number of automobile manufacturing plants across the globe is driving the growth of the . The automobile manufacturers pose significant business opportunities for automotive logistics providers, which is further anticipated to drive the automotive logistics market growth. Moreover, the incorporation of smart technologies and autonomous vehicles is anticipated to bolster the growth of automotive logistics market in the years to come. The automotive industry is progressing at a significant rate attributing to the increasing demand for automobiles and automotive components across the globe. The automotive logistics companies are expected to witness lucrative growth opportunities in the coming years with a further increase in vehicle demand.
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The US has led the North America Automotive Logistics market in 2018 with the highest market share and is expected to continue its dominance during the forecast period. The US automotive sector is growing rapidly, with increasing capital growth and higher exports. The significant market initiative has been taken by both the carmakers and logistic service providers across the automotive industry in the US. For instance, recently, BMW signed a collaboration agreement with Braidy Atlas for the sustainable supply of aluminium to its US assembly plant.
These factors are expected to offer broad growth opportunities in the Automotive and Transportation industry and this is expected to cause the demand for North America Automotive Logistics Market in the market.
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NORTH AMERICA AUTOMOTIVE LOGISTICS MARKET SEGMENTATION
- Packaging Processes
- Integrated Service
- Reverse Logistics
- Passenger Vehicle
- Commercial Vehicle
Automotive logistics Market – Companies Mentioned
- CEVA Logistics AG
- DB Schenker (Deutsche Bahn AG)
- DHL International GmbH (Deutsche Post AG)
- DSV A/S
- KUEHNE + NAGEL International AG
- Nippon Express Co., Ltd.
- Ryder System, Inc.
- XPO Logistics, Inc.
- United Parcel Service, Inc.
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