Thailand Automotive Logistics Market Business ideas and Strategies forecast 2029
Data Bridge Market Research analyses that the Automotive Logistics Market
is expected to reach the value of USD 3,739.69 million by 2029, at a CAGR of
5.5% during the forecast period.
Industry Analysis
Service providers were continuously trying to find out
ways to increase the precision of work, enhanced services, safety, and work
with growing technology. The requirement for these reasons is being fulfilled
through the implementation of automotive logistics as they are used to provide
enhanced, uninterrupted free, and timely services at the industrial operations.
Automotive logistics in various industries is being used widely due to the
rising demand for customer experience. It enables industries to enhance their
operations and productivity. Automotive logistics help end-users by providing
better-automated solutions without human interference and delivering a better
driving experience. The Thailand automotive logistics market is in a growth
phase rapidly due to the growing demand for electrifications in vehicles which
drives the demand for automotive logistics. The companies are even launching
new products to gain a larger market share.
Outbound Logistics accounts for the largest offering
segment in the automotive logistics market. Thailand service provides accurate
information which is utilized to develop high precision IoT networks.
The automotive logistics market report also covers pricing analysis, patent
analysis, and technological advancements in depth.
Automotive logistics is a complex, elevated
distribution network in which all stages are well connected. All transportation
businesses across the globe regard it as the most difficult and skilled area.
The mechanization and sophistication of the automotive supply chain should be
enriched by implementing modern logistical technologies, allowing us to reach
our aim of cost management and quality enhancement, resulting in total
advantages and increased overall effectiveness. The logistics planning and
management activities of the automotive supply chain are integrated from the
source of the components to the final user. The automotive supply chain uses
organizational structure, with automotive components suppliers and completed
automobile manufacturers, car dealers at all tiers, and final consumers all
integrated into one system via feedforward and feedback information flow, the
flow of capital, and logistical data. The activities relates to the operations
of supplying automobile manufacturing companies with raw resources, components,
and other supplies. The delivery of raw materials and components from producers
until the commencement of automobile manufacturing operation is known as
automotive supply logistics. Automotive supply logistics can help keep the
manufacturing, transit, and purchase of automobiles moving forward. It is
necessary to decrease costs, raise revenue in the supply chain, and maintain
the effective management of logistical operations while guaranteeing the
availability of materials.
Thailand
Automotive Logistics Market Scope
The automotive logistics market is segmented on the
basis of operations, enterprise size, vehicle type, technology, distribution,
and application. The growth amongst these segments will help you analyze meager
growth segments in the industries and provide the users with a valuable market
overview and market insights to help them make strategic decisions for
identifying core market applications.
Operations
·
Outbound Logistics
·
Aftermarket
·
Integrated Services
·
Others
Enterprise
Size
·
Large Scale Organizations
·
Semi-Urban Mid-Scale Organizations
·
Small Scale Organizations
Vehicle
Type
·
Heavy Duty Vehicles
·
Commercial Vehicles
·
Passenger Cars
Technology
·
IoT In Logistics
·
Artificial Intelligence &
Machine Learning
·
RFID
·
Analytics & Big Data
·
Others
Distribution
·
Domestic
·
Local
·
International
Application
·
Roadways
·
Railways
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Automotive
Logistics Market Dynamics
This section deals with understanding the market
drivers, advantages, opportunities, restraints and challenges. All of this is
discussed in detail as below:
·
Growth
in logistic trading activities and globalization
Globalization can be referred to as the
interdependence of the world’s economies, populations and cultures brought
together by cross-border trade in technology, goods, and others. Today, most of
the country’s economy is highly dependent on buying and selling of goods in
various countries. Asia-Pacific, North America region has been the major
players in global trade and has a high volume of trade flow that has increased
the requirement of logistics service providers to make the flow of trade more
convenient and faster, thus boosting the growth in the logistics market for
Asia-Pacific region followed by other regions.
·
Increasing
demand for electric vehicles
Electric vehicles (EVs) are designed to be a promising
technology to achieve sustainable transportation with zero carbon emissions,
low noise, and high efficiency. Moreover, electric vehicles were evolve in the
19th century but due to a lack of advancement in technology internal combustion
engine vehicles had a huge demand compared to electric vehicles. During the
20th century, technological advancement boosted year over year and resulted
from developments and innovations which has helped to reshape electric
vehicles.
·
Rising
logistics and inventory cost
Logistics has complex operational procedures due to
fast-growing sales, outsourcing fulfillment operations to a third party
logistics (3PL). The two important variables on which the logistics cost
depends are time and volume. Information about logistics in transit is
important for ensuring higher efficiency and economies of scale are being
achieved by any organization or country.
·
Shifting
companies preference toward outbound logistics
Outbound logistics is the process that connects
companies to their customers. The process allows producers to move their
products to strategic locations. The figure describes the process involved in
outbound logistics. The company buys the product from suppliers in the market
and then the products are outbound to customers.
The companies are shifting their preference towards
outbound logistics because it has a direct and less complex process for the
delivery of products to the consumers. Outbound logistics are being preferred
by most companies because for outbound logistics warehouse management and
storage are well planned as per the requirement. The inventory is well managed
by suppliers, transportation, and last-minute delivery is well planned and
managed.
·
Increasing
penetration of cloud, big data, and Internet of thing (Iot) in the automotive
logistic vehicles
Cloud computing has turned out to be a major driving
force for digital transformation across logistic industries. Not only does it
provide unparalleled agility but also reduces operational and management
overheads. Citing this, several governments and businesses are starting to
leverage this technology and it is slowly gaining popularity across several
verticals. The potential has become so open that the notion of the cloud is
limited to only IT functions has completely changed. This is further integrated
with other technologies such as Artificial Intelligence (AI), IoT, and edge
computing among others.
·
High
transportation costs for international trade
Logistics are the backbone of any economy, the
logistic industry in Thailand is growing rapidly. Logistics has become
important as it may lead to a reduction in operational cost, improved delivery
performance, and can increase customer satisfaction levels. Logistics that are
being traded internationally are important for the management of the flow of
products from one place to another.
Competitive
Landscape and Automotive Logistics Market Share Analysis
The automotive logistics market competitive landscape
provides details by competitor. Details included are company overview, company
financials, revenue generated, market potential, investment in research and
development, new market initiatives, Thailand presence, production sites and
facilities, production capacities, company strengths and weaknesses, product
launch, product width and breadth, application dominance. The above data points
provided are only related to the companies' focus related to automotive
logistics market.
Some of the
major players operating in the automotive logistics market are
·
NYK Line,
·
APL Logistics VASCOR Automotive
(PVT) Ltd.,
·
TVS Supply Chain Solutions,
·
Mahindra Logistics Ltd,
·
TCI Supply Chain Solutions,
·
V-TRANS,
·
Adani Group,
·
DSV,
·
CEVA Logistics,
·
KERRY LOGISTIC NETWORK LIMITED,
·
Schenker AG,
·
A.P. Moller-Maersk,
·
hellmann WORLDWIDE LOGISTICS
·
Among others.
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Segmentation
Ø Chapter Three: Market Overview
Ø Chapter Four: Executive Summary
Ø Chapter Five: Premium Insights
Ø Chapter Six: Thailand Automotive Logistics
Market by Product & Procedure type
Get TOC
Details: https://www.databridgemarketresearch.com/toc/?dbmr=thailand-automotive-logistics-market
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