Auto parts procurement logistics services are provided from parts manufacturers to parts warehouse in the warehouse process of the production line of an automobile manufacturer storage, transportation, distribution, value-added services and other logistics services.
Auto Parts Purchasing Logistics Service Market Summary
According to the new market research report “Auto Parts Purchasing Logistics Service- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Auto Parts Purchasing Logistics Service market size is projected to reach USD 42.94 billion by 2030, at a CAGR of 2.3% during the forecast period.
- Global Auto Parts Purchasing Logistics Service MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Auto Parts Purchasing Logistics Service- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Auto Parts Purchasing Logistics Service Top18Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Auto Parts Purchasing Logistics Service- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Auto Parts Purchasing Logistics Service include CEVA, DB Schenker, DHL, Toyota Tsusho, LOGISTEED, FAW Logistics, Expeditors International, UPS, Nippon Express, Ryder System, etc. In 2023, the global top 10 players had a share approximately 29.0% in terms of revenue.
Market Drivers:
Global Automotive Industry Growth: The overall growth and expansion of the automotive industry contribute significantly to the demand for auto parts purchasing logistics services. As the production of vehicles increases globally, the need for efficient supply chain and logistics services for auto parts rises as well.
Increasing Complexity in Auto Manufacturing: Modern vehicles are becoming more complex with advanced technologies. This complexity often requires a diverse range of auto parts, leading to a higher demand for sophisticated logistics services to manage the procurement and delivery of these parts.
Globalization of Supply Chains: Auto manufacturers often source parts and components from various global suppliers. This globalization of supply chains increases the complexity of logistics operations, creating opportunities for specialized auto parts purchasing logistics services.
Restraint:
Supply Chain Disruptions: The auto parts purchasing logistics service market is susceptible to supply chain disruptions, such as natural disasters, geopolitical events, and global pandemics. These disruptions can lead to delays and increased logistics costs.
High Initial Investment: Establishing a robust and efficient auto parts logistics network requires a significant initial investment in infrastructure, technology, and personnel. This can act as a restraint, particularly for new entrants in the market.
Profit Restricted: Road transportation is the main mode of transportation in the automobile logistics industry. The main costs in the transportation link include fuel costs and driver labor costs. The main costs in the warehousing link include site rent and warehousing personnel labor costs. Fuel prices remain high and real estate rental prices rise, which will test the profitability of logistics companies.
Trend:
Technological Advancements: The integration of advanced technologies such as IoT, RFID, and real-time tracking systems presents opportunities for logistics service providers to enhance visibility, traceability, and overall efficiency in managing auto parts supply chains.
Emergence of Electric Vehicles: The growing market for electric vehicles creates new opportunities for logistics services, especially in the supply chain for EV components and batteries. The unique logistics requirements of these components present a niche market.
Collaboration and Partnerships: Collaboration among auto manufacturers, suppliers, and logistics service providers can lead to more streamlined and efficient supply chain operations. Strategic partnerships can help in overcoming logistical challenges and reducing costs.
Customized Logistics Solutions: Tailoring logistics services to meet the specific needs of auto manufacturers and suppliers can be a key differentiator. Customized solutions that address the unique requirements of the automotive industry can attract more clients.
About The Authors
Airong Wang– QYResearch Junior Analyst; Received a master's degree in logistics and utilizes technical knowledge to provide insight into the logistics industry; Have certain data search and analysis capabilities, and be good at feasibility analysis of the industry
Email: wangairong@qyresearch.com
About QYResearch
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