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Automotive Logistics Market Size is Projected To Reach USD 350700 Million By 2028

The global Automotive Logistics market size is projected to reach USD 350700 million by 2028, from USD 253630 million in 2021, at a CAGR of 4.3% during 2022-2028, according to new research.

Automatic identification, data collecting, and transmission are being implemented using digital technologies like barcodes, OCR, and RFID devices.

The precise parameters relating to location, elevation, altitude, and other performance indicators are tracked by geopositioning and navigational satellites.

The companies in the automobile sector collaborate frequently with those in logistics to move their finished vehicles and component parts from one place to another. Automobile and component manufacturers now have improved control over inbound and outward transportation services, shorter lead times, and on-time deliveries thanks to the growing partnerships. Therefore, the automotive logistics market is expanding as a result of the rising number of collaborations between automakers and logistics providers.

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