Global Automotive Logistics Market Report and Forecast 2024-2032

Global Automotive Logistics Market Size

The global automotive logistics market value reached approximately USD 288.83 billion in 2023. The market is assessed to grow at a CAGR of 6.4% between 2024 and 2032 to attain a value of around USD 503.41 billion by 2032.

Global Automotive Logistics Market Growth

Automotive logistics encompasses the transportation, storage, and management of vehicles and auto parts. It is crucial for optimising the transport process and ensuring the secure delivery of vehicles and components, which in turn drives the automotive logistics industry growth.

The importance of the automotive sector in the economic development of a country and the globalisation of car supply chains are positively impacting the automotive logistics market demand. With vehicle manufacturers attempting to surge the efficiency of supply chains, they are leveraging third-party logistics (3PL) services to ensure reliable storage and inventory control, reduce their operating costs, and enhance their scalability and flexibility.

Global Automotive Logistics Market Analysis

One of the significant automotive logistics market dynamics and trends is the growing focus on sustainability in the automotive sector. Automotive suppliers and OEMs are increasingly investing in sustainable supply chain management to reduce their social and environmental impacts.

The experiencing enhanced automotive logistics demand with logistics operators increasingly adopting eco-friendly practices. These include utilising alternative fuels for transportation and improving warehouse energy efficiency, aimed at enhancing the sustainability of automotive supply chains.

Global Automotive Logistics Industry Outlook

As per the International Organization of Motor Vehicle Manufacturers, in 2023, total world motor vehicle production increased to 93,546,599 units. Asia-Oceania, America, and Europe held significant shares of this production, showcasing their vital roles in the global automotive landscape. Asia-Oceania vehicle production increased to 55,115,837 units in 2023 from 50,021,217 units in 2022, highlighting the country's growing manufacturing capabilities, America maintained its dominance in the global automotive industry, with vehicle production rising to 19,136,891 units in 2023 from 17,753,536 units in 2022. Similarly, Europe vehicle production significantly increased to 18,122,449 units in 2023 from 16,032,840 units in 2022 driving the automotive logistics market revenue.

According to the International Organization of Motor Vehicle Manufacturers, global vehicle sales were 83,638,420 units in 2021. By 2023, sales surged to 92,724,668 units, reflecting a 10.9% increase. This significant growth highlights a robust recovery and growth of the automotive logistics industry.

In the first quarter of 2023, the total sales of electric vehicles in Australia have been estimated to be 34,958 units. This number significantly increased to 63,899 units in the first quarter of 2024. The surge in sales underscores the rapid adoption and increasing preference for sustainable mobility solutions, according to the Federal Chamber of Automotive Industries.

In the first quarter of 2024, global electric car sales substantially increased, with sales nearing 3.5 million units, as reported by the China Passenger Car Association and the European Automobile Manufacturers’ Association. Notably, China retained its position, having sold nearly 1.9 million electric cars from January to March, signifying a 35% surge compared to the same period in 2023.

Automotive logistics benefit from a well-established global supply chain network, ensuring efficient transportation and distribution.

• Adoption of advanced technologies like IoT, AI, and automation enhances operational efficiency and tracking capabilities.

• Increasing vehicle production and global trade in automobiles contribute to consistent demand for the automotive logistics market.

Logistics operations incur significant expenses related to transportation, storage, and regulatory compliance.

• Concerns about emissions and sustainability challenge the logistics industry's environmental footprint.

• Fluctuations in global economies and automotive sales can impact demand and profitability in automotive logistics.

Automotive logistics market opportunities are expanding in developing regions with burgeoning automotive sectors and infrastructure development.

• The rise in EV production creates demand for specialized logistics solutions and infrastructure.

• Further integrating digital technologies can improve efficiency and customer service in automotive logistics.

Intense competition among logistics providers pressures pricing and service differentiation.

• Complex regulations and trade barriers across regions can hinder seamless logistics operations.

• Supply chain disruptions, geopolitical tensions, and natural disasters pose risks to automotive logistics operations and global supply chains.

Key Players in the Global Automotive Logistics Market and their Key Initiatives

Hellmann Worldwide Logistics SE & Co. KG

• Launched a digital supply chain management platform.

• The company prioritises sustainable transportation solutions to meet the growing automotive logistics market opportunities.

CEVA Logistics SA

• Implemented real-time tracking and data analytics.

• Launched green logistics to reduce carbon emissions via eco-friendly transport. 

Schenker AG

• Launched new hubs in strategic locations, enhancing connectivity and reducing transit times.

• The company is incorporating advanced digital technologies like the Internet of Things (IoT) and Artificial Intelligence (AI) to address the increasing demands of the automotive logistics market.

Deutsche Post AG

• Expanded its electric vehicle fleet for automotive logistics and enhanced its sustainable transport solutions.

• Enhancing electric truck charging infrastructure with E. ON-provided stations.

Global Automotive Logistics Industry Segmentation

“Global Automotive Logistics Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Service

• Warehousing and Handling

• Transportation and Handling

Market Breakup by Mode of Transport

• Roadways

• Airways

• Maritime

• Railway

Market Breakup by Type

• Finished Vehicle

• Auto Components           

Market Breakup by Distribution Area

• Domestic

• International

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Automotive Logistics Market Share

Warehousing and handling, encompassing storage, distribution, and management of vehicles and their components, account for significant automotive logistics market share. Warehouses with advanced technologies, specialised technologies, and skilled personnel, among others are increasingly used by manufacturers to optimise inventory management and improve the operational efficiency of automotive logistics.

Moreover, the rising usage of innovative technologies that can streamline handling and inventory management while automating tedious and monotonous tasks to reduce labour costs is anticipated to fuel the growth of the automotive logistics market in the forecast period.

Leading Companies in the Automotive Logistics Market

The companies offer comprehensive logistics services globally, including transportation, warehousing, supply chain management, and customs brokerage, catering to diverse industries with customised solutions.

• Hellmann Worldwide Logistics SE & Co. KG  

• CEVA Logistics SA  

• Schenker AG  

• Deutsche Post AG  

• Kuehne + Nagel International AG  

• DSV Group  

• C.H. Robinson Worldwide, Inc.  

• Kerry Logistics Network Limited  

• Ryder System, Inc.  

• Nippon Express Co. Ltd.

Key Highlights of the Report

Automotive Logistics Market Report Snapshots

Automotive Logistics Market Size

Automotive Logistics Market Growth

Automotive Logistics Market Analysis

Automotive Logistics Market Share

Automotive Logistics Companies