LONDON–(BUSINESS WIRE)–The global in-plant logistics market for automobile OEM industry is expected to grow by USD 318.46 million as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of about 3%.
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The in-plant logistics market for automobile OEM industry is driven by the changing lifestyles and rise in e-commerce. In addition, the use of Industry 4.0 by OEMs is anticipated to boost the growth of the in-plant logistics market for automobile OEM industry.
Changing lifestyles coupled with the growing need for long-distance traveling has increased the average distance driven per vehicle. Besides, the rising awareness about periodic maintenance, convenience, and add-on services such as the installation of internal and exterior accessories, extended warranty, and 24/7 breakdown assistance have fueled the growth of the automotive market. In addition, rising internet penetration has increased the sales of automotive aftermarket parts through e-commerce platforms. All these factors are fueling the growth of the automotive OEM industry, which in turn, will increase the demand for in-plant logistics during the forecast period.
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Major Five In-Plant Logistics for Automobile OEM Industry Companies:
BLG LOGISTICS GROUP AG & Co. KG
BLG LOGISTICS GROUP AG & Co. KG operates its business through a unified segment. The company offers in-plant logistics for various automotive OEM manufacturers.
CEVA Logistics AG
CEVA Logistics AG operates its business through segments such as Freight Management and Contract Logistics. The company offers in-plant logistics for various automotive OEM manufacturers.
CJ Darcl Logistics Ltd.
CJ Darcl Logistics Ltd. operates its business through a unified segment. The company offers logistics operations, including internal transportation within the plant for a variety of customer sites including plants, ports, terminals, and yards.
Deutsche Post DHL Group
Deutsche Post DHL Group operates its business through segments such as Post & Parcel Germany, Express, Global Forwarding, Freight, Supply chain, and eCommerce Parcel. The company offers in-plant logistics for movement of raw materials, components, and sub-assemblies either to or from stocking points or line-sides, for turning into finished goods, as well as bringing finished products out to the factory gate.
DSV Panalpina A/S
DSV Panalpina A/S operates its business through segments such as Air & Sea, Road, and Solutions. The company offers in-plant logistics for various automotive OEM manufacturers.
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In-Plant Logistics Market for Automobile OEM Industry Service Outlook (Revenue, USD Million, 2020-2024)
- In-plant warehousing
- Line-side feeding
In-Plant Logistics Market for Automobile OEM Industry Geography Outlook (Revenue, USD Million, 2020-2024)
- North America
- South America
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