Data Bridge Market Research analyses that the Automotive Logistics Market is expected to reach the value of USD 3,739.69 million by 2029, at a CAGR of 5.5% during the forecast period.
Service providers were continuously trying to find out ways to increase the precision of work, enhanced services, safety, and work with growing technology. The requirement for these reasons is being fulfilled through the implementation of automotive logistics as they are used to provide enhanced, uninterrupted free, and timely services at the industrial operations. Automotive logistics in various industries is being used widely due to the rising demand for customer experience. It enables industries to enhance their operations and productivity. Automotive logistics help end-users by providing better-automated solutions without human interference and delivering a better driving experience. The Thailand automotive logistics market is in a growth phase rapidly due to the growing demand for electrifications in vehicles which drives the demand for automotive logistics. The companies are even launching new products to gain a larger market share.
Outbound Logistics accounts for the largest offering segment in the automotive logistics market. Thailand service provides accurate information which is utilized to develop high precision IoT networks. The automotive logistics market report also covers pricing analysis, patent analysis, and technological advancements in depth.
Automotive logistics is a complex, elevated distribution network in which all stages are well connected. All transportation businesses across the globe regard it as the most difficult and skilled area. The mechanization and sophistication of the automotive supply chain should be enriched by implementing modern logistical technologies, allowing us to reach our aim of cost management and quality enhancement, resulting in total advantages and increased overall effectiveness. The logistics planning and management activities of the automotive supply chain are integrated from the source of the components to the final user. The automotive supply chain uses organizational structure, with automotive components suppliers and completed automobile manufacturers, car dealers at all tiers, and final consumers all integrated into one system via feedforward and feedback information flow, the flow of capital, and logistical data. The activities relates to the operations of supplying automobile manufacturing companies with raw resources, components, and other supplies. The delivery of raw materials and components from producers until the commencement of automobile manufacturing operation is known as automotive supply logistics. Automotive supply logistics can help keep the manufacturing, transit, and purchase of automobiles moving forward. It is necessary to decrease costs, raise revenue in the supply chain, and maintain the effective management of logistical operations while guaranteeing the availability of materials.
Thailand Automotive Logistics Market Scope
The automotive logistics market is segmented on the basis of operations, enterprise size, vehicle type, technology, distribution, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Outbound Logistics
- Integrated Services
- Large Scale Organizations
- Semi-Urban Mid-Scale Organizations
- Small Scale Organizations
- Heavy Duty Vehicles
- Commercial Vehicles
- Passenger Cars
- IoT In Logistics
- Artificial Intelligence & Machine Learning
- Analytics & Big Data
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Automotive Logistics Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Growth in logistic trading activities and globalization
Globalization can be referred to as the interdependence of the world’s economies, populations and cultures brought together by cross-border trade in technology, goods, and others. Today, most of the country’s economy is highly dependent on buying and selling of goods in various countries. Asia-Pacific, North America region has been the major players in global trade and has a high volume of trade flow that has increased the requirement of logistics service providers to make the flow of trade more convenient and faster, thus boosting the growth in the logistics market for Asia-Pacific region followed by other regions.
Increasing demand for electric vehicles
Electric vehicles (EVs) are designed to be a promising technology to achieve sustainable transportation with zero carbon emissions, low noise, and high efficiency. Moreover, electric vehicles were evolve in the 19th century but due to a lack of advancement in technology internal combustion engine vehicles had a huge demand compared to electric vehicles. During the 20th century, technological advancement boosted year over year and resulted from developments and innovations which has helped to reshape electric vehicles.
Rising logistics and inventory cost
Logistics has complex operational procedures due to fast-growing sales, outsourcing fulfillment operations to a third party logistics (3PL). The two important variables on which the logistics cost depends are time and volume. Information about logistics in transit is important for ensuring higher efficiency and economies of scale are being achieved by any organization or country.
Shifting companies preference toward outbound logistics
Outbound logistics is the process that connects companies to their customers. The process allows producers to move their products to strategic locations. The figure describes the process involved in outbound logistics. The company buys the product from suppliers in the market and then the products are outbound to customers.
The companies are shifting their preference towards outbound logistics because it has a direct and less complex process for the delivery of products to the consumers. Outbound logistics are being preferred by most companies because for outbound logistics warehouse management and storage are well planned as per the requirement. The inventory is well managed by suppliers, transportation, and last-minute delivery is well planned and managed.
Increasing penetration of cloud, big data, and Internet of thing (Iot) in the automotive logistic vehicles
Cloud computing has turned out to be a major driving force for digital transformation across logistic industries. Not only does it provide unparalleled agility but also reduces operational and management overheads. Citing this, several governments and businesses are starting to leverage this technology and it is slowly gaining popularity across several verticals. The potential has become so open that the notion of the cloud is limited to only IT functions has completely changed. This is further integrated with other technologies such as Artificial Intelligence (AI), IoT, and edge computing among others.
High transportation costs for international trade
Logistics are the backbone of any economy, the logistic industry in Thailand is growing rapidly. Logistics has become important as it may lead to a reduction in operational cost, improved delivery performance, and can increase customer satisfaction levels. Logistics that are being traded internationally are important for the management of the flow of products from one place to another.
Competitive Landscape and Automotive Logistics Market Share Analysis
The automotive logistics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Thailand presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive logistics market.
Some of the major players operating in the automotive logistics market are
- NYK Line,
- APL Logistics VASCOR Automotive (PVT) Ltd.,
- TVS Supply Chain Solutions,
- Mahindra Logistics Ltd,
- TCI Supply Chain Solutions,
- Adani Group,
- CEVA Logistics,
- KERRY LOGISTIC NETWORK LIMITED,
- Schenker AG,
- A.P. Moller-Maersk,
- hellmann WORLDWIDE LOGISTICS
- Among others.
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Thailand Automotive Logistics Market by Product & Procedure type
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