In-plant Logistics Market for Automobile OEM Industry Market Size to Grow by $ 508.82 Million During 2021-2025

Technavio has been monitoring the in-plant logistics market for automobile OEM industry market and it is expected to grow by $ 508.82 mn, accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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In-plant Logistics Market For Automobile OEM Industry Market: APAC to lead market growth during the forecast period

• 46% of the market growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for in-plant logistics market for automobile OEM industry in APAC. Market growth in this region will be faster than the growth of the market in other regions.
• Increased productivity and reduced labor cost due to the use of AGVs will drive the in-plant logistics market for automobile OEM industry.
• Reduced labor cost, increased safety of workers, high accuracy, and improved productivity are some of the advantages of AGVs.
• Changing lifestyles and e-commerce driving automotive aftermarket will be a significant factor in driving the growth of the in-plant logistics market for automobile OEM industry 

In-plant Logistics Market For Automobile OEM Industry Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BLG LOGISTICS GROUP AG & Co. KG, CEVA Logistics AG, CJ Darcl Logistics Ltd., Deutsche Post DHL Group, DSV Panalpina A/S, Kintetsu World Express Inc., Kuehne + Nagel International AG, Penske Truck Leasing Co. LP, Schenker AG, and YUSEN LOGISTICS CO. LTD. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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In-plant Logistics Market For Automobile OEM Industry Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive in-plant logistics market for automobile OEM industry market growth during the next five years
• Precise estimation of the in-plant logistics market for automobile OEM industry market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the in-plant logistics market for automobile OEM industry market industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of in-plant logistics market for automobile OEM industry market vendors