Press release
Global Automotive Logistics Market to Reach $429.49 Billion by 2029, Growing at 8.6% CAGR
Automotive Logistics Market Segments
Advancements in finished vehicle logistics are anticipated to fuel the expansion of the automotive logistics market in the future. Finished vehicle logistics entail a variety of steps and procedures that ensure the safe delivery of cars to their final consumers. It includes the transportation or delivery of vehicles from the manufacturer to the domestic or international customers. The automotive industry utilizes finished vehicle logistics to assure the safe and efficient delivery of vehicles, hence an increase in efficiency in finished vehicle logistics boosts the need for automotive logistics. For example, the International Energy Agency (IEA), a French autonomous intergovernmental organization, announced in April 2023 that there was nearly a 60% increase in passenger vehicle exports in 2022, exceeding 2.5 million units. As a result, the surge in efficiency of finished vehicle logistics is propelling the growth of the automotive logistics market.
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What is the future CAGR of the automotive logistics market, and how will it impact industry expansion?
In recent times, the automotive logistics market has experienced robust growth. The market is set to expand from a size of $286.51 billion in 2024 to $308.26 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.6%. Factors such as the growth of emerging markets, an uptick in automobile sales, and international trade expansion have fueled this growth during the historical period.
In the coming years, a significant expansion is projected for the automotive logistics market, with an estimation of $429.49 billion by 2029, grown at a compound annual growth rate (CAGR) of 8.6%. The growth in the prediction period can be linked to increased government backing, global population enhancement and urbanization, a surge in production of electric vehicles, and the expansion of e-commerce sales. In the prediction timeframe, key trends might include the advent of new technologies to facilitate vehicle and inventory transportation, the usage of electric vehicles (EVs) for efficient last-mile deliveries given their superior maneuverability and minimal carbon emissions, a focus on partnerships and acquisitions to bolster financial capacity and geographical reach, the creation of cutting-edge logistics management platforms for precise vehicle delivery monitoring, and the introduction of new products and solutions to solidify their market standing.
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What are the most significant trends transforming the automotive logistics market today?
Key players in the automotive logistics sector are concentrating on creating unique products like integrated logistics platforms to increase the efficiency of transportation activities and improve supply chain regulation. The term integrated logistics platforms are used to describe comprehensive software solutions that control and streamline all aspects related to the supply chain and transportation activities, allowing for smooth coordination between shippers, carriers, and logistics service providers. For example, Cox Automotive, a company based in the United States, introduced Central Dispatch Enterprise in June 2024. This was created to enhance and streamline the transportation activities of large automotive shippers and brokers. It presents a personal market with customizable, end-to-end capabilities that use first-party data and market intelligence to strengthen supply chain regulation. The platform includes facilities like automatic processes, APIs for smooth incorporation, and a carrier mobile application for efficient transactions. This provides their clients with tools to boost operational efficiency and profitability in the automotive logistics industry.
Which key market segments comprise the automotive logistics market and drive its revenue growth?
The automotive logistics market covered in this report is segmented -
1) By Type: Outsourcing, Insourcing
2) By Activity: Warehousing And Handling, Transportation And 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
Subsegments:
1) By Outsourcing: Third-Party Logistics (3PL), Fourth-Party Logistics (4PL)
2) By Insourcing: In-House Logistics Management, Dedicated Logistics Services
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What regions are at the forefront of automotive logistics market expansion?
Asia-Pacific was the largest region in the automotive logistics market in 2024. 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.
Who are the leading players fueling growth in the automotive logistics market?
Major companies operating in the automotive logistics market include 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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What Is Covered In The Automotive Logistics Global Market Report?
•Market Size Forecast: Examine the automotive logistics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive logistics market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive logistics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive logistics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive logistics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive logistics market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive logistics market.
•Competitive Landscape: Review strategic developments in the automotive logistics market, including expansions, agreements, and new product launches.
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