London, 09 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Automotive Logistics Market 2014-2018, which is expected to grow at a CAGR of 6.43 percent during the period 2013-2018.
“Vendors are increasing their usage of intermodal services that help them to move large and heavy vehicles with a low lead time and reduced transportation costs,” says Faisal Ghaus, Vice President of TechNavio.
“This type of transportation service is commonly used for international shipments, but because of its flexibility and storage capacity, it can also be used domestically. This versatility helps logistics vendors shift heavy tank trucks to another transportation mode without the need for highly specialized equipment.”
Key Market Drivers
- Need to Increase Investment in IT Systems
- Increase in Demand from Mexico
- Increase in Usage of Intermodal Services
Key Market Trends
- Increase in Automotive Secondary Market in China
- Increase in Production of Compact Vehicles
- Demand for Eco-friendly Vehicles
Key Market Vendors
- APL Logistics
- BLG Logistics
- CEVA Logistics
- Deutsche Bahn Aktiengesellschaft
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
