Auto Components News

Automotive 3PL market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation


NEW YORK, Jan. 17, 2023 /PRNewswire/ — According to Technavio, the global automotive 3pl market size is estimated to grow by USD 93.48 billion from 2022 to 2027. The market is expected to grow at a CAGR of 6.6% during the forecast period. Moreover, the growth momentum will accelerate. North America will account for 31% of the market’s growth during the forecast period.

Technavio has announced its latest market research report titled Global Automotive 3PL Market 2023-2027

For more insights on market size, request a sample report

Global automotive 3PL market – Five forces
The global automotive 3PL market is fragmented, and the five forces analysis covers–

  • Bargaining power of buyers

  • The threat of new entrants

  • Threat of rivalry

  • Bargaining power of suppliers

  • Threat of substitutes

  • Interpretation of porter’s five models helps to strategize the business, for entire details – buy the report!

Global automotive 3PL market – Customer landscape 

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global automotive 3PL market – Segmentation assessment

Segment overview
Technavio has segmented the market based on type (finished vehicle and auto components) and service (transportation, warehousing, distribution, inventory management, and others).

Geography overview
Based on geography, the global automotive 3pl market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive 3PL market.

Download a sample report

Global automotive 3PL market Market dynamics
Key factor driving market growth

  • The increasing auto part manufacturing is driving the market growth.

  • The automotive industry is expected to grow at a significant rate owing to improved living standards and increasing purchasing power across the world.

  • Moreover, changes in lifestyles have increased car sales in emerging economies.

  • Auto parts manufacturing plants require new solutions to ensure constant efficiency and meet consumer demand globally. Collaboration with 3PL providers supports the global expansion of the automotive industry.

  • In addition, the aftermarket demand for auto spare parts for vehicles is expected to drive the growth of the market during the forecast period.

Leading trends influencing the market 

  • Cost reduction in the automotive industry through 3PL is a key trend in the market.

  • Manufacturers are building more factories closer to buyers.

  • They are collaborating with specialized automotive 3PL providers to find effective solutions and penetrate new markets.

  • 3PL providers have an extensive transport network, which includes roadways, railways, and freight cargo, which resulted in better reach and access to transport infrastructure.

  • They work with multiple manufacturers to save costs and deliver products from different suppliers.

  • Thus, the global automotive third-party logistics market is expected to grow during the forecast period.

Major challenges hindering market growth

  • High operation costs are challenging the market growth.

  • Fuel prices are one of the main variables influencing transportation expenses.

  • As a result of rising fuel prices, transportation expenses are expected to rise.

  • Factors such as the high cost of specialized equipment for carrying automobiles, tight regulatory standards governing transportation, and a lack of infrastructure would also restrain the growth of the global automotive 3PL market.

  • These factors are expected to restrict market expansion during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!

What are the key data covered in this automotive 3PL market report?

  • CAGR of the market during the forecast period

  • Detailed information on factors that will drive the growth of the automotive 3PL market between 2023 and 2027

  • Precise estimation of the size of the automotive 3PL market and its contribution to the parent market

  • Accurate predictions about upcoming trends and changes in consumer behavior

  • Growth of the automotive 3PL market across North America, Europe, APAC, Middle East and Africa, and South America

  • A thorough analysis of the market’s competitive landscape and detailed information about vendors

  • Comprehensive analysis of factors that will challenge the growth of automotive 3PL market vendors

Gain instant access to 17,000+ market research reports. 

Technavio’s SUBSCRIPTION platform

Related Reports:

The automotive e-compressor market size is expected to increase by USD 7.45 billion from 2021 to 2026. This report extensively covers market segmentation by application (passenger cars and commercial vehicles) and geography (APAC, North America, Europe, South America, and Middle East and Africa).

The automotive timing belt market size is expected to increase by USD 37.62 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.4%. This report extensively covers market segmentation by end-user (OEMs and automotive aftermarket), vehicle type (passenger vehicles and commercial vehicles), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

Automotive 3PL Market Scope

Report Coverage

Details

Page number

166

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.6%

Market growth 2023-2027

USD 93.48 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.33

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 31%

Key countries

US, China, India, Germany, and UK

Competitive landscape

Leading vendors, market positioning of vendors, competitive strategies, and industry risks

Key companies profiled

Agility Public Warehousing Co. K.S.C.P, CMA CGM SA, Deutsche Bahn AG, Deutsche Post AG, DP World, DSV AS, Expeditors International of Washington Inc., FedEx Corp., Flexport Inc., Hellmann Worldwide Logistics SE and Co KG, Kerry Logistics Network Ltd., Kuehne Nagel Management AG, Landstar System Inc., Nippon Express Holdings Inc., PSA International Pte Ltd., ROMEU MULTISERVICES GROUP SL, Rudolph Logistik Gruppe SE and Co. KG, Ryder System Inc, Schneider National Inc., and United Parcel Service 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, and market condition analysis for the 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.

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.

Browse for Technavio’s consumer discretionary market reports

Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Service

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Global Automotive 3PL Market 2023-2027

Global Automotive 3PL Market 2023-2027

Cision

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/automotive-3pl-market-2023-2027-a-descriptive-analysis-of-five-forces-model-market-dynamics-and-segmentation—technavio-301721146.html

SOURCE Technavio



Source link