About Finished Vehicles Logistics
Finished Vehicles Logistics are refers to all activities that taking places after a new consumer vehicles leaves the factory until the point when it reaches the dealer. It also involves in many activities such as port processing, claims management, yard management and inspection that performed when vehicles out from factory. Finished Vehicles Logistics market is expected to mark significant growth over forecasted period owing to increasing use of multimodal transport for vehicle logistics to achieve the efficiency in outbound logistics and decrease transportation cost. Further, increasing demand for the Blockchain technology expected to drive the market growth over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Finished Vehicles Logistics market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Finished Vehicles Logistics market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
CEVA Logistics (Switzerland), GEFCO (France), APL Logistics (India), Sevatas (United Kingdom), Jack Cooper (United States), OMSAN Logistics (Turkey), Japan Post (Japan) and CargoTel (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are INFORM (Germany), Ekol (Turkey), Yusen Logistics (United States) and MetroGistics (United States).
Segmentation Overview
AMA Research has segmented the market of Global Finished Vehicles Logistics market by Type (Road, Rail, Sea and Air), Application (Supply Business, Distribution Business and Other) and Region.
On the basis of geography, the market of Finished Vehicles Logistics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Distribution Channels, the sub-segment i.e. OEMs(Original Equipment Manufacturers) will boost the Finished Vehicles Logistics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing adoption of Blockchain Technology in Finished Vehicles Logistics and Rise in implementation of ITS that reduce traffic congestion.
Market Growth Drivers:
Rising Investments in the Automotive Industry. and Rapid Demand of Multimodal Transport of Vehicles Fuelled Up the Market.
Challenges:
Limitation Due to Government Regulations are Anticipated to Challenge Market. and Vehicles Damage During Transportation.
Restraints:
Lack of Skilled Manpower Hampers the Market. and High Cost Associated Within Finished Vehicles Logistics.
Opportunities:
Proliferation of Supply Chain in Automotive Industry Leads to Grow the Market. and Upsurge Demand of Digitalization of Transport and Logistics.
Market Leaders and their expansionary development strategies
In July 2018, Adani Logistics joint venture with NYK Auto for transporting finished vehicles. This joint venture will use automobile freight trains to strengthen their finished vehicles transportation service network.
In August 2019, Motherson Group launched a SAMRX advanced transports solution which is beneficial in providing modern & technology enabled solution for the OEM customers in Indian market.
Key Target Audience
Finished Vehicles Logistics Manufacturers, Finished Vehicles Logistics Traders, End-Use Market Participants of Different Segments of Finished Vehicles Logistics, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.