The “Automotive Logistics Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Type, Services, and Sector” report, was recently added to offerings from ResearchAndMarkets.com.
The automotive logistics market, valued at US$ 180,723.8 million in 2020, is projected to hit US$ 302,822.8 million by 2028. Hit hard by the recent supply chain nightmare, the partnerships are even more critical as in industry tries to transport components and finished vehicles from one location to another. Partnerships provide better control in managing transportation services with shorter lead times, and timely deliveries.
The outsourcing segment is expected to register a higher CAGR in the global automotive logistics market through 2028. The automobile industry relies heavily on outsourcing of logistics services that aid in acquiring new information and expanding process flexibility. The automotive industry is likely to pick up pace soon after the governments across the globe lift the various containment measures steadily to revive the economy. Automobile production should gain pace from 2022.
Original Release: PR Newswire
