About In-plant Logistics for Automobile OEM Industry
The global in-plant logistics market for automobile OEM industry refers to the movement of raw materials, components, and sub-assemblies within the automobile original equipment manufacturing plant, either to or from the storage area or line-sides, to be turned into finished goods and bringing them to the factory gate or a designated storage area.
Technavio’s analysts forecast the global in-plant logistics market for automobile OEM industry will register a revenue of more than USD 2.6 billion by 2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global in-plant logistics market for automobile OEM industry for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global In-plant Logistics Market for Automobile OEM Industry 2018-2022
Technavio recognizes the following companies as the key players in the global in-plant logistics market for automobile OEM industry: CEVA Logistics, DB Schenker, Deutsche Post DHL Group, Kuehne + Nagel, and BLG LOGISTICS GROUP.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is use of industry 4.0 by automotive OEMs increasing productivity and saving cost. Including various processes such as cloud computing, Internet of Things, Cyber-physical systems, and cognitive computing, Industry 4.0 will enable the easy adaption to modifications in manufacturing specifications based on the changing standards.”
According to the report, one driver in the market is growing automotive industry in emerging countries and the rising share of electric and hybrid vehicles. The automotive industry is witnessing considerable growth and it has been estimated that by 2025, the annual sales of automobiles across the globe will be more than 100 million.
Further, the report states that one challenge in the market is increasing technology investment cost due to rising complexity. Choosing the optimal layout for the production facility is an important task as customers expect materials to move as quickly as possible within the plant.
CEVA Logistics, DB Schenker, Deutsche Post DHL Group, Kuehne + Nagel, and BLG LOGISTICS GROUP.