Automotive Warehouse Logistics Market: Introduction
- Rise in demand for fleet management services is likely to drive the global transport automotive warehouse logistics market. The market is expanding at a rapid pace owing to an increase in requirement for cost-effective logistics and supply chain solutions across various transportation industries. Rise in customer expectation along with the measures to control logistics cost is likely to play an important role in the expansion of the global transport automotive warehouse logistics market.
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Key Drivers of Automotive Warehouse Logistics Market
- Expansion of the e-commerce industry is also likely to boost the global transport automotive warehouse logistics market. The e-commerce industry has been expanding significantly due to a rise in online shopping and rapid increase in the number of Internet users. Increase in e-commerce activities require logistics providers to operate faster and more efficiently to rapidly process small individual orders. Additionally, companies operating in the e-commerce industry are exploring new ways to reduce operational costs and deliver orders as early as possible. For instance, in May 2019, Oracle announced logistics management updates to Oracle SCM (Supply Chain Management) Cloud. These updates included a new logistics network modeling product, which improved transportation management and global trade management capabilities, helping consumers to gain better business outcomes by means of improving supply chain responsiveness, optimizing shipments and asset utilization, and improving productivity across global supply chains.
- Additionally, it is imperative for players in the supply chain of the global transport automotive warehouse logistics market to create new business models and solutions by digitalizing the logistics operations in order to cater to rise in need for transparency, affordability, convenience, and speed in delivery in the e-commerce industry. Moreover, companies are focusing on industry automation systems, including automating material handling system, warehouse management system, and distribution management system, to ensure faster and fulfillment services. This, in turn, offers considerable opportunity for players operating in the global transport automotive warehouse logistics market. For instance, in June 2024, IBM launched the IBM Sterling Inventory Control Tower to help companies manage inventory and build resilient supply chains more effectively.
North America to hold prominent share of global automotive warehouse logistics market
- In terms of region, the global automotive warehouse logistics market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa
- North America has presence of developed economies, such as the U.S. and Canada. The region is a prominent contributor to the global transport logistics market. Expansion of the transport automotive warehouse logistics market in the region is driven by the presence of well-established information technology companies and rapid advancements in terms of technology across the U.S. and Canada. Countries in North America witnessed heavy investment for the rapid development of warehouse logistics and enhanced digital logistics solutions and services in the region.
- Commercial transportation and logistics sectors are major contributors to the economy of North America. Additionally, development across retail, utilities, and service sectors are contributing to the adoption of transport logistics solutions, thereby driving the transport automotive warehouse logistics market across North America at a rapid pace.
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Key Players Operating in Automotive Warehouse Logistics Market
The global transport automotive warehouse logistics market is highly concentrated owing to the presence of top manufacturers. A few key players operating in the global transport automotive warehouse logistics market are:
- Advantech
- AT&T
- Blue Yonder
- Cloud Logistics
- Digilogistics
- Eurotech S.P.A
- Freightgate
- HCL Technologies
- Hexaware
- Honeywell
- IBM
- ICAT Logistics
- Impinj
- Infosys
- Intel
- Intersec
- Logisuite
- Magaya
- Oracle
- ORBCOMM
- Ramco Systems
- Samsung SDS
- SAP
- Softlink
- Tech Mahindra
- WebXpress
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