LONDON--(BUSINESS WIRE)--The global finished vehicles logistics market 2019-2023 is expected to post a CAGR of more than 5% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
There has been a significant rise in the use of multimodal transport for finished vehicles logistics to achieve efficiency in outbound logistics and to reduce transportation costs. Moreover, there are various tax reforms and government initiatives that facilitate the multimodal transport of finished vehicles. Thus, the rise in popularity of multimodal transport of vehicles will have a positive impact on the market growth during the forecast period.
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As per Technavio, the adoption of blockchain in finished vehicles logistics will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Finished Vehicles Logistics Market: Adoption of Blockchain in Finished Vehicles Logistics
The traditional logistic practices included many manual processes, including paperwork filing and manually providing data on logging miles and the hours driven. Such activities usually take a long time and are prone to errors. This has led to the increased adoption of blockchain, which provides more efficient and cost-saving business operations for finished vehicles logistics companies. The use of blockchain technology help in streamlining freight transactions by improving the visibility, security, and accuracy of data. Thus, the adoption of blockchain will be a key trend in the market during the forecast period.
“Apart from the growing adoption of blockchain, other factors such as the digital transformation of finished vehicles logistics, and the emergence of electric vehicles will boost the finished vehicles logistics market growth during the forecast period,” says a senior analyst at Technavio.
Global Finished Vehicles Logistics Market: Segmentation Analysis
This market research report segments the global finished vehicles logistics market by transportation mode (road, rail, sea, and air) and geographical regions (MEA, South America, APAC, North America, and Europe).
The APAC region led the market in 2018, followed by North America, Europe, MEA, and South America, respectively. The growth of the finished vehicles logistics market share in APAC can be attributed to factors such as the rise in joint ventures, and the growing automotive market in the region.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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