Global Tire Logistics Market 2017-2021

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Overview of the global tire logistics market

Technavio’s market research report predicts that the global tire logistics market will grow at a CAGR of nearly 6% during the forecast period. The upward trend in the global automotive sales is one of the primary factors for market growth. With the APAC region accounting for the majority of the automotive manufacturing, there has been a significant growth in the market over the last decade that will fuel the spare parts logistics market.  The global automotive industry has an annual output of over 65 million units and contributes substantially to the global GDP. Sustained economic growth, infrastructure development, rapid industrialization and an increase in disposable incomes increases the demand for automobiles. Moreover, low auto loan rates in the developed and developing countries are also positively influencing automotive sales, and the electric vehicles (EV) sales are projected to increase due to the rise in emission regulations levied by the governments around the globe with the reduction in battery prices. This will result in the growth of the automobile industry which will subsequently augment the tire logistics market size during the forecast period.

One of the latest trends that will gain traction in the global tire logistics market is the advancements in technology. The utilization of improved technologies in the logistics services are predicted to increase in the future. Logistics service providers are providing services such as GPS-enabled transportation trucks for tracking, RFID for inventory tracking, bar coding, and management information system-related services. These IT-enabled services raise the efficiency of logistics services on scheduling transportation and delivery and inventory management. Moreover, vendors in the logistics market in Europe have adopted cloud-based customer relationship management (CRM) solutions to improve the vendor-shipper relationship by offering more visibility in the supply chain process.

Competitive analysis and key vendors

The global tire logistics market consists of both large and small players and is dominated by the small and medium enterprises. The companies are following M&A activities to expand their global presence and increase their product offerings. The vendor competition in the market is mainly in terms of price, reliability, delivery speed, and supply chain capacity. Moreover, the improvements in the logistics processes through the implementation of IT will also assist vendors in raising their efficiency.

Key vendors in the market are:

• CEVA Holdings
• DB Schenker
• Deutsche Post DHL Group
• DSV
• Kuehne + Nagel

Other prominent vendors include Broekman Logistics, BEUMER Group, FedEx Supply Chain, Kerry Logistics, Logwin, Ryder System, SEKO Logistics, TVS Logistics, Verst Group Logistics, and Yusen Logistics.

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Segmentation by end-user and analysis of the tire logistics market

• OEM
• Aftermarket

According to the tire logistics industry analysis, the aftermarket end-user segment dominated the global tire logistics market and is expected to continue its dominance over the next four years. The stringent safety and tire emission norms and improved customer awareness about tire safety will propel the growth of the market segment. Moreover, growing infrastructure and the improved road networks in developing countries will also boost the tire logistics market growth.

Geographical segmentation and analysis of the tire logistics market

• Americas
• APAC
• EMEA

According to the tire logistics industry analysis, APAC led the global tire logistics market during 2016 and is foreseen to continue the domination during the forecast period. Factors such as technological advancements, the introduction of improved tire models, and the presence of well-established automotive manufacturing industry in the countries like China and India, will drive the growth of the market in this region.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global tire logistics market?
• What are the key market trends impacting the growth of the global tire logistics market?
• What are the challenges to market growth?
• Who are the key vendors in the global tire logistics market?
• What are the market opportunities and threats faced by the vendors in the global tire logistics market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global tire logistics market?

Technavio also offers customization on reports based on specific client requirement.

Technavio’s reports for the transportation and logistics industry include an expansive range of product and service markets like logistics and transportation and distribution. Additionally, to help clients gain an edge over other market players, Technavio provides detailed information on various factors including the constantly changing customer preferences and the market elements, which will create an impact on the growth of the suppliers, and also furnishes a competitive analysis of the transportation and logistics industry.

To correctly predict the logistics industry’s growth prospects, our team of market research specialists follow a comprehensive research approach of primary and secondary data techniques and carry out an extensive analysis of many factors, such as the advancements in technology and the demand-supply shifts for different markets across the globe. Furthermore, with an aim to enable clients formulate new strategies for growth, our upcoming industry research report on the global tire logistics market for the forecast period of 2017 to 2021 offers executable insights constructed from the data collected from market intelligence sources such as channel partners, decision makers, manufacturers, and regulatory bodies.

This upcoming report on the global tire logistics market also takes into account the growth of identical markets such as third-party logistics and perishable goods transportation, which are anticipated to grow at a CAGR of almost 6% and about 7%, respectively by the year of forecast 2021. As per our market research analysts, the increasing demand from the road transportation industry coupled with growing investments in infrastructure across the globe are the primary factors that will fuel the growth of the logistics market in the coming few years. Technavio also generates customized reports to help local vendors and large players comprehend the market opportunities in the transportation and logistics industry.

The upcoming industry research report for global tire logistics market also identifies the key drivers, market patterns, and the pain points currently faced by the transportation and logistics market and also presents insights into the sectors of packaging, tags and labels, and warehouse and storage.