Global Automotive Logistics Market Size 2024, Forecast To 2033
11 Mar, 2024
The automotive logistics market size has shown strong growth trends, increasing from $269.86 billion in 2023 to $291.63 billion in 2024, with a compound annual growth rate (CAGR) of 8.1%. The historic growth can be attributed to the expanding markets, rising automobile sales, and growth in international trade. Moving forward, the market is expected to continue its growth trajectory, reaching $396.79 billion in 2028 at a CAGR of 8.0%. This growth is propelled by increasing government support, global population growth and urbanization, rising production of electric vehicles, and the surge in e-commerce sales. Key trends include the adoption of new transportation technologies, the utilization of electric vehicles for last-mile delivery, partnerships and acquisitions, advanced logistics management platforms, and innovative product launches.
Global Automotive Logistics Market Key Driver
The improvement in efficiency within finished vehicle logistics is anticipated to drive the expansion of the automotive logistics market in the coming years. Finished vehicle logistics involves the safe delivery of cars from manufacturers to end customers, both domestically and internationally. Highlighting this trend, Economic Times Auto reported that India's intercity road logistics spending reached USD 209 billion in 2021, exhibiting an 8% annual compound growth rate. This efficiency enhancement in finished vehicle logistics is contributing to increased demand for automotive logistics services. Therefore, the market sizes for 2023, 2024, and 2028 are expected to align with the growth trajectory driven by the efficiency improvements in finished vehicle logistics.
Get A Free Sample Of The Global Automotive Logistics Market ReportGlobal Automotive Logistics Market Segments
The automotive logistics market covered in this report is segmented –
1) By Type: Outsourcing, Insourcing
2) By Activity: Warehousing & Handling, Transportation & Handling
3) By Mode of Transport: Roadways, Airways, Railway, Maritime
4) By Services: Transportation, Warehousing, Packaging Processes, Integrated Service, Reverse Logistics
5) By Distribution: Domestic, International
By Geography:The regions covered in the automotive logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Asia-Pacific was the largest region in the automotive logistics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Automotive Logistics Industry Players
Deutsche Post DHL Group, Kuehne + Nagel International AG, DSV A/S, Deutsche Bahn, Nippon Express Co., Ltd, CEVA Logistics AG, Geodis SA, Expeditors International, Penske Automotive Group, Inc, Kerry Logistics Network Limited, Hyundai Mobis, Mitsui O.S.K. Lines, STAC Co. Ltd., CJ Logistics, Sinotrans Limited, China Ocean Shipping Company, Anji Logistics, Yusen Logistics Co., Ltd., Eddie Stobart Group, Hellmann Worldwide Logistics, Schenker Deutschland AG, BLG Logistics Group AG and Co. KG, Panalpina, Schnellecke, GEFCO, TNT Express, DB Schenker, Maersk, FESCO Transportation Group, CFR Rinkens LLC, Dachser Group SE and Co. KG, Neovia Logistics Services, LLC, Ryder System Inc., XPO Logistics, Inc., C.H. Robinson, UPS Supply Chain Solutions, FedEx, Brasil Terminal Portuário, Tegma Gestão Logística, TASA Logística, Terminal Zárate, ECSA Group, Ultraport, Grupo Puerto de Cartagena, Andina Freight, TISUR, Logística Andina, Globalink Logistics Group, Port of Haifa, ZIM Integrated Shipping Services, DP World, GAC Dubai, Saudi Global Ports, Bahri Logistics, Qatar Ports Management Company, Milaha, Turkon Holding, Mars Logistics, Emirates SkyCargo, Agility Logistics, Imperial Logistics Ltd., Bidvest Panalpina Logistics, Bakers Transport
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Automotive Logistics Market Overview
Automotive logistics refers to a set of activities conducted for the smooth transportation of automotive spare parts and finished vehicles. Automotive logistics consists of inbound procurement, outsourcing & distribution of spare parts, and transporting finished vehicles domestically or internationally. The complexity of the supply chain of automotive logistics requires process planning to achieve maximum efficiency in manufacturing.
Automotive Logistics Global Market Report 2023 provides data on the global automotive logistics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive logistics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.