Press release
Automotive Logistics Market Size to Reach $424.53 Billion by 2029 | Growth at 8.5% CAGR Forecast
Automotive Logistics
What is the Projected Market Size of the Automotive Logistics Industry?
In recent times, the automotive logistics market has experienced significant expansion. The market is projected to rise from $286.51 billion in 2024 to $306.27 billion in 2025, recording a compound annual growth rate (CAGR) of 6.9%. The previous growth was influenced by the expansion of emerging markets, a spike in automobile sales, and an increase in international trade.
What Will Be the Size of the Automotive Logistics Market by 2029?
In the coming years, the car logistics market is predicted to experience substantial growth, expanding to a valuation of $424.53 billion in 2029 with an 8.5% Compound Annual Growth Rate (CAGR). This surge through the anticipated period can be linked to factors like amplified government backing, growth in the global populace and urbanization, rising production of electric-powered vehicles, and increased sales in e-commerce. Future market trends entail the development of state-of-the-art technologies that assist in vehicle and stock transport, harnessing electric vehicles for efficient last-mile deliveries due to their superior agility and minor carbon emissions, strengthening financial solidity and geographic penetration through partnerships and acquisitions, creating enhanced logistics management systems to scrutinize the delivery progression of cars accurately, and unveiling new merchandise and solutions to consolidate their status in the market.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/automotive-logistics-global-market-report
What Are the Key Drivers Accelerating Growth in the Automotive Logistics Market?
The automotive logistics market is predicted to grow due to improving efficiency in finished vehicle logistics. Finished vehicle logistics represent a series of steps and operations that ensure cars are delivered safely to their final consumers. It includes the transportation of vehicles from the manufacturer to the customers, either domestically or internationally. The automotive industry relies on finished vehicle logistics for the safe shipping of cars, meaning an enhancement in its efficiency can result in a higher demand for automotive logistics. For example, in April 2023, the International Energy Agency (IEA), an autonomous intergovernmental organization based in France, stated that there was an almost 60% rise in passenger vehicle exports in 2022, exceeding 2.5 million units. Accordingly, the improving efficiency of finished vehicle logistics is fueling the growth of the automotive logistics market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6116&type=smp
How Is the Automotive Logistics Market Segmented by Type, Application, and Region?
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
What Are the Key Trends Driving Growth in the Automotive Logistics Market?
Prominent firms in the automotive logistics marketplace are concentrating on the creation of cutting-edge products, like integrated logistics platforms, to enhance transport operations and supply chain management. These platforms are comprehensive software solutions that optimize and oversee every aspect of transportation and supply chain operations, ensuring smooth collaboration between shippers, carriers, and logistics suppliers. For example, in June 2024, Cox Automotive, a firm based in the US, unveiled Central Dispatch Enterprise, which is aimed at improving transportation operations for major automotive shippers and brokers. This platform offers a private marketplace with adaptable, comprehensive capabilities, using first-party data and market intelligence to improve supply chain management. With features like automated procedures, integration-friendly APIs, and a carrier mobile app for efficient transactions, this platform equips clients with the necessary tools to boost operational efficiency and profitability in the automotive logistics market.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=6116&type=smp
Who Are the Leading Companies Driving 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
Which Is the Leading Region in the Global Automotive Logistics Market?
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.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Logistics Market Size to Reach $424.53 Billion by 2029 | Growth at 8.5% CAGR Forecast here
News-ID: 4172983 • Views: …
More Releases from The Business Research Company
Global Fuel Cell Vehicle Market Worth $14.81 Billion by 2029, Growing at 46.4% C …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Fuel Cell Vehicle Market Outlook: What Size And CAGR Are Anticipated By 2025?
In the past few years, the fuel cell vehicle market has witnessed a significant expansion. The figures are projected to increase from $2.15 billion in 2024 to about $3.23 billion by 2025, with a compound annual growth…
Driver Assistance Systems For Locomotives Market to Grow at 4.6% CAGR, Reaching …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Driver Assistance Systems For Locomotives Market Outlook: How is the Market Expected to Grow by 2025?
The market size for driver assistance systems in locomotives has seen robust growth over the past few years. The market, which stands at $9.11 billion in 2024, is predicted to expand to $9.35 billion…
Yacht Industry Expected to Reach $10.79 Billion by 2029 at 3.5% CAGR
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Yacht Market Value Projection: How Much Will the Market Size by 2025?
Over the past few years, there has been a consistent expansion in the yacht market. It is projected to escalate from $9.06 billion in 2024 to $9.41 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 3.8%.…
Global Brake Hoses Market Size, Share, and Forecast Analysis 2025-2029
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Brake Hoses Market Size Forecast for 2025?
In recent times, there has been a consistent growth in the market size of brake hoses. The market is expected to expand from a size of $18.07 billion in 2024 to a value of $18.91 billion in 2025, registering a…
More Releases for Logistics
Cold Chain Market 2021 Precise Outlook- AmeriCold Logistics, Nichirei Logistics …
The Global Cold Chain Market provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. The report covers the post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is…
Food Logistics Market Worth Observing Growth | Trinity Logistics, AmeriCold Logi …
The latest launched report on Global Food Logistics Market delivers a transformation framework to understand how megatrends affect industry growth, taking into account the major disrupting forces creating uncertainties for every organisation in the Food Logistics. Based on these outcomes, HTF MI outline plan for these volatile scenarios considering companies such as Port Jersey Logistics, DB Schenker, Henningsen Cold Storage, R2 Logistics, AN Deringer, ODW Logistics, Matson Logistics, Allen Lund,…
Logistics Market Future Outlook | AmeriCold Logistics, Nichirei Logistics, Linea …
WiseGuyRerports.com Presents “Global Logistics Market Size, Status and Forecast 2020-2026” New Document to its Studies Database
The extensive market study presents a complete analysis of the global Logistics market, including the latest developments, current market conditions, and the growth potentialities during the review period. Accurate statistics with regard to the product, methods as well as the share belonging to the key businesses in the market are also given in the report.…
Cold Chain Logistics Market Size 2020 by Top Key Players | Nichirei Logistics Gr …
Cold Chain Logistics Market report' to its research archive which allows exploring the industry in a 360-degree view while marking major insights and highlights accelerating the Cold Chain Logistics market trends. The data sourced from the report enables formulating business plans and helps decision making to improve profitability. The Cold Chain Logistics market has been witnessing consistent growth over the last few years and is projected to continue growing with…
Healthcare Cold Chain Logistics Market 2020 Business Scenario - AmeriCold Logist …
The Global Healthcare Cold Chain Logistics Market will increase at a compound annual growth rate of 10.09% (approx.) between 2020 and 2026.
The Healthcare Cold Chain Logistics Market report is a collection of pragmatic information, quantitative and qualitative estimation by industry experts, the contribution from industry connoisseurs and industry accomplices across the value chain. Furthermore, the report also provides the qualitative results of diverse market factors on its geographies and segments.…
Third-Party Logistics Market: Leading Players – XPO Logistics , Yusen Logistic …
Third-Party Logistics Market report provides key information about the industry, including invaluable facts and figures, expert opinions, and the latest developments across the globe. The Report also calculate the market size, the report considers the revenue generated from the sales of This Report and technologies by various application segments.
Download Sample PDF copy of this report https://supplydemandmarketresearch.com/home/contact/272389?ref=Sample-and-Brochure&toccode=SDMRSE272389&utm_source=s.
The study objectives of this report are:
To analyze global Third-Party Logistics status, future forecast,…
