Market Size of Germany Automotive 3PL Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Germany Automotive Third Party Logistics (3PL) Market Analysis
The Germany Automotive Third-Party Logistics (3PL) market is currently pegged at a value of around USD 10 billion and is anticipated to register a CAGR of more than 3% over the forecast period.
- Germany is Europe's biggest automotive market, number one in production and sales terms, accounting for around 25 percent of all passenger cars manufactured and almost 20 percent of all new registrations. Germany also boasts the largest concentration of OEM (Original Equipment Manufacturers) plants in Europe. There are currently 44 OEM sites located in Germany. German OEM market share in the EU was more than 55 percent in 2021.
- Germany's auto sector is bouncing back from the COVID-19 pandemic with a broad array of forward-looking instruments and measures that will transform both the industry and future mobility. Significant investment in autonomous driving and battery research and development, massive expansion of charging infrastructure, and electric vehicle cash incentives are driving prospects in the resurgent industry.
- German OEMs were responsible for internal R&D investments amounting to almost EUR 28.3 billion (USD 30 billion) in 2021. Germany's automotive sector is the country's most innovative industry sector, accounting for 34.1 percent of total German industry R&D expenditure of around EUR 71 billion (USD 75.26 billion) in 2020. Research and development personnel within the German automobile industry reached a level of around 134,000. Manufacturers and suppliers in the German automotive industry will invest more than EUR 220 billion (USD 233.2 billion) in electric mobility and digitalization for the period 2022-2026.
- As Germany is a regional hub, it is a preferred location for manufacturers who can benefit from the ecosystem of leading shippers and third-party logistics providers (3PLs) in the country. The demand for warehousing space has expanded in the past decade, and over the forecast period, it is expected to be boosted by growth in regional trade and e-commerce.
- Not only is Germany's logistics infrastructure world-class, but its companies are also global logistics leaders. In fact, the world's largest logistics service provider is a German company, Deutsche Post (DHL). Deutsche Bahn operates Europe's largest rail network, and Lufthansa Cargo is one of the world's leading global air freight companies.
