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The in-plant logistics market share for the automobile OEM industry is expected to increase to USD 660.48 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.26%.
This in-plant logistics market for automobile OEM industry research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers in-plant logistics market for automobile OEM industry segmentation by service (in-plant warehousing, line-side feeding, packing, and others) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The in-plant logistics market for automobile OEM industry report also offers information on several market vendors, including AP Moller Maersk AS, BLG LOGISTICS GROUP AG AND Co. KG, BR Williams Trucking, CJ Darcl Logistics Ltd., CMA CGM Group, DACHSER SE, DB Schenker, Deutsche Post DHL Group, DP World, DSV Panalpina AS, Hellmann Worldwide Logistics SE and Co. KG, Kintetsu World Express Inc., Kuehne Nagel International AG, Mahindra and Mahindra Ltd., Nippon Yusen Kabushiki Kaisha, Nissin Corp., Penske Corp. Inc., Schnellecke Group AG and Co. KG, United Parcel Service Inc., and XPO Logistics Inc. among others.
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Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The changing lifestyle and e-commerce driving automotive aftermarket is notably driving the in-plant logistics market growth for automobile OEM industry, although factors such as the increasing technology investment costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the in-plant logistics market for automobile OEM industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key In-plant Logistics Market Driver for Automobile OEM Industry
One of the key factors driving the global in-plant logistics market growth for automobile OEM industry is the changing lifestyle and e-commerce. The market is driven by the pursuit of automobile drivers to enhance their vehicle performance by replacing parts such as the exhaust for better sound and other appearance-related parts. The rising awareness of buyers about periodic maintenance and safety is expected to fuel the growth of the global automotive aftermarket. Changing lifestyles and the need for traveling long distances have increased the average distance driven per vehicle, resulting in the rise of maintenance and replacement of automotive parts, thereby driving the growth of the global automotive aftermarket industry. Rising Internet penetration has increased the growth of online sales of aftermarket products, resulting in the easy availability of vehicle parts and leading to frequent purchases. This will drive the growth of the market during the forecast years.
Key In-plant Logistics Market Trend for Automobile OEM Industry
Use of Industry 4.0 by automobile OEMs to increase productivity and to save costs is one of the key in-plant logistics market trends for automobile OEM industry that is expected to impact the industry positively in the forecast period. Industry 4.0 includes cloud computing, the Internet of Things (IoT), cyber-physical systems, and cognitive computing. Some advantages of implementing industry 4.0 in the automotive sector are listed below:
The increased productivity of automobile OEMs will increase the demand for in-plant logistics during the forecast period.
Key In-plant Logistics Market Challenge for Automobile OEM Industry
One of the key challenges to the global in-plant logistics market growth for automobile OEM industry is the increasing technology investment costs. Each customer is different and has different requirements, which makes it necessary to have a customized solution for every customer. Furthermore, designing a customized solution that meets these parameters requires proper information sharing, which again proves difficult. Logistics companies will be able to increase efficiencies and save costs in the long run with the adoption of new technologies. As consumers such as automotive OEMs require advanced technologies to track and trace items in in-plant warehouses and while in transit, the advanced technologies can be implemented and maintained by an in-house IT team or can be outsourced. However, the adoption of new or advanced technologies can affect the revenue of the logistics company. In addition, upcoming technologies such as automation at warehouses will also require high initial investments, which, in turn, will pose a challenge for the market growth during the forecast period.
This in-plant logistics market for automobile OEM industry analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global in-plant logistics market for the automobile OEM industry as a part of the global air freight and logistics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the in-plant logistics market for automobile OEM industry during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the in-plant logistics market for automobile OEM industry encompasses successful business strategies deployed by the key vendors. The in-plant logistics market for automobile OEM industry is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The in-plant logistics market for automobile OEM industry forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the in-plant logistics market for automobile OEM industry, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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49% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea are the key markets for in-plant logistics for the automotive OEM industry in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The growing demand for vehicles and the availability of low-wage workers will facilitate the in-plant logistics market for automobile OEM industry growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic led to the temporary shutdown of operations in the automotive industry in several countries across APAC, which led to a decline in the production of automobiles and related components. However, the initiation of large-scale COVID-19 vaccination drives led to the lifting of COVID-19-related lockdown restrictions in 2021. This has resulted in the resumption of operations in the automotive industry, which has positively impacted the growth of the regional in-plant logistics market for automobile OEM industry. Therefore, the regional in-plant logistics market for the automobile OEM industry is expected to witness steady growth during the forecast period.
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The in-plant logistics market share growth for automobile OEM industry by the in-plant warehousing segment will be significant during the forecast period. Automobile OEMs opt for outsourcing the in-plant warehousing activities due to various advantages offered by 3PL players. Some of the advantages are mentioned below:
This report provides an accurate prediction of the contribution of all the segments to the growth of the in-plant logistics market size for automobile OEM industry and actionable market insights on post COVID-19 impact on each segment.
In-plant Logistics Market Scope for Automobile OEM Industry |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.26% |
Market growth 2022-2026 |
$ 660.48 million |
Market structure |
Fragmented |
YoY growth (%) |
4.19 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 49% |
Key consumer countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AP Moller Maersk AS, BLG LOGISTICS GROUP AG AND Co. KG, BR Williams Trucking, CJ Darcl Logistics Ltd., CMA CGM Group, DACHSER SE, DB Schenker, Deutsche Post DHL Group, DP World, DSV Panalpina AS, Hellmann Worldwide Logistics SE and Co. KG, Kintetsu World Express Inc., Kuehne Nagel International AG, Mahindra and Mahindra Ltd., Nippon Yusen Kabushiki Kaisha, Nissin Corp., Penske Corp. Inc., Schnellecke Group AG and Co. KG, United Parcel Service Inc., and XPO Logistics Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Service
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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