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Report Overview
The global automotive logistics market was valued at USD 288.83 Billion in 2023 and is anticipated to grow at a (CAGR) of 6.40% during the forecast period of 2024 to 2032. The growing demand for electric vehicles (EVs) is a key driver for the automotive logistics market, requiring efficient supply chains for new vehicle production and distribution, thereby propelling the market to reach a value of nearly USD 504.80 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- The International Organization of Motor Vehicle Manufacturers reported that the global motor vehicle production increased to 93,546,599 units in 2023. This hike in production calls for the need for automotive logistics services: supply chain management, transportation, and warehousing, that can help manage the burgeoning global automotive network in an efficient way, thus ensuring timely delivery and cost reduction.
- Asia-Oceania has increased vehicle production from 50,021,217 units in 2022 to 55,115,837 units in 2023, representing the strength of the region in manufacturing. Growth in the region drives up demand for logistics solutions, including multimodal transport and warehouse facilities, ensuring effective distribution in the global market, thereby propelling the growth of the automotive logistics market.
- Vehicle manufacturing in the United States increased from 17,753,536 units in 2022 to 19,136,891 units in 2023, while Europe's production increased from 16,032,840 to 18,122,449 units. Such a steep rise results in advanced automotive logistics solutions such as real-time tracking, fleet management, and last-mile delivery to ensure seamless automotive supply chains.
Global Automotive Logistics Market Analysis
The global automotive logistics market is growing at an exponential rate, driven by factors including increasing demand for electric vehicles and the advancements in supply chain technology and rising global trade. Efficient transportation solutions are needed to serve the increasing automotive manufacturing base, especially for electric and autonomous vehicles, thereby propelling the automotive logistics market growth.
Companies in the automotive logistics industry are becoming innovative through data analytics, artificial intelligence, and automation in streamlining operations for delivery accuracy and sustainability. A further growth trend is evident in the demand for regional supply chains, which promise to save costs and speed up delivery, especially for just-in-time manufacturing and parts distribution.
For instance, DHL Supply Chain uses artificial intelligence and data analytics to optimize its automotive logistics. Using AI-powered predictive maintenance and route optimization, the company minimizes delivery times and cuts costs for operations. Automated warehouses in its operations allow it to handle inventory management just-in-time for parts delivery to automotive manufacturers like BMW. It means greater accuracy and sustainability that aligns with the dynamic requirements of the industry for logistics.
Automotive Logistics Market Report Snapshots
Automotive Logistics Market Size
Automotive Logistics Market Growth
Automotive Logistics Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate volume of 288.83 Billion.
The automotive logistics industry is assessed to grow at a CAGR of 6.40% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach around 504.80 Billion by 2032.
The globalisation of car supply chains and the increasing usage of 3PL services by automotive manufacturers are driving the market growth.
The key trends guiding the market growth are surging investments in sustainable supply chain management by key players and the increasing adoption of innovative technologies to optimise the automotive supply chain.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Based on transport the market is divided into roadways, airways, maritime and railway.
The market's key players are 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., and Nippon Express Co. Ltd., among others.
Based on service, market segmentations include warehousing and handling and transportation and handling.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124