Market Research Future (MRFR) has published on the “Global Automotive Logistics Market”.
The automotive logistics market is estimated to register a CAGR of 8.30% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global automotive logistics market— DB Schenker (Essen, Germany),BLG LOGISTICS GROUP AG & Co. KG (Bremen, Germany),CEVA Logistics (Baar, Switzerland),Kuehne+Nagel (Feusisberg, Switzerland),Expeditors International (Washington, U.S.),DSV (Hedehusene, Denmark),XPO Logistics, Inc. (Connecticut, United States),Deutsche Post AG (Bonn, Germany),SINOTRANS Limited (Beijing, China),C.H. Robinson Worldwide, Inc. (Minnesota, United States),GEFCO (Paris, France),Ryder System, Inc. (Florida, U.S.),Schnellecke group ag & co. Kg (Wolfsburg, Germany),Penske Automotive Group, Inc. (Michigan, U.S.),Others
Automotive Logistics Market Highlights
The global automotive logistics market is accounted to register a CAGR of 8.30% during the forecast period and is estimated to reach USD 590.06 Billion by 2032.
The automotive logistics market experiences steady growth due to increased global vehicle production and distribution. Advancements in supply chain management technologies, coupled with a focus on sustainable practices, drive the market forward.
Segment Analysis
The global automotive logistics market has been segmented into mode of transport, activity, logistics solutions and distribution.
On the basis of transport, the market is segmented into roadways, airways, maritime and railway. The roadways segment dominated the market in 2022. The state and growth of the road network directly affect the road transportation sector. Roadways are built and updated using funding from both the public and private sectors in order to accommodate rising traffic volumes, improve safety, and speed up travel.
Based on activity, the global automotive logistics market has been segmented into warehousing & handling and transportation & handling. The transportation & handling category generated the most income in 2022. Due to the growth of e-commerce and the adoption of Omni channel retailing, customer expectations for quicker and more reliable delivery have altered.
Based on logistics solutions, the global automotive logistics market has been segmented into inbound logistics, outbound logistics, reverse logistics and aftermarket logistics. The reverse logistics category generated the most income in 2022. Reverse logistics refers to the process of moving used or damaged items back through the supply chain to recycling, remanufacturing, or disposal locations, such as returned vehicles, parts, and components.
Based on distribution, the global automotive logistics market has been segmented into domestic and international. The domestic category generated the most income in 2022. Growing populations and urbanization are causes of increased consumption and the need for deliveries to metropolitan areas.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Automotive Logistics Market Trends
Regional Analysis
The global automotive logistics market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe automotive logistics market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The automotive logistics market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World automotive logistics market comprises of Middle East, Africa, and Latin America.
The North America automotive logistics market is expected to grow at the fastest CAGR from 2023 to 2032. In North America, where car ownership is common, the automotive industry is well-established. The demand for effective local transportation and vehicle handling drives the automotive logistics sector.
Moreover, the second-largest market share belongs to the Europe automotive logistics market. Europe is home to many well-known automakers, and the industry is present all throughout the continent. The logistics environment is complex as a result of this diversity and necessitates efficient handling and transportation services.
Additionally, the Asia-Pacific automotive logistics market dominated this market in 2022 (45.80%). Due to the presence of several suppliers and production facilities around the area, Asia Pacific's automotive supply chains are frequently lengthy and complex. To ensure smooth transfer of parts and components, effective logistics solutions are needed.
Furthermore, the rest of the world's automotive logistics market is divided into the Middle East, Africa, and Latin America. Latin America's automotive logistics market expands, propelled by the region's growing automotive industry. Increased production and exports of vehicles require efficient supply chain management, leading to investments in logistics infrastructure and services.
Key Findings of the Study
- The global automotive logistics market is expected to reach USD 590.06 Billion by 2032, at a CAGR of 8.30% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the presence of several suppliers and production facilities around the area, Asia Pacific's automotive supply chains are frequently lengthy and complex.
- Based on distribution, the domestic segment was attributed to holding the largest market in 2022.
- DB Schenker (Essen, Germany),BLG LOGISTICS GROUP AG & Co. KG (Bremen, Germany),CEVA Logistics (Baar, Switzerland),Kuehne+Nagel (Feusisberg, Switzerland),Expeditors International (Washington, U.S.),DSV (Hedehusene, Denmark),XPO Logistics, Inc. (Connecticut, United States),Deutsche Post AG (Bonn, Germany),SINOTRANS Limited (Beijing, China),C.H. Robinson Worldwide, Inc. (Minnesota, United States),GEFCO (Paris, France),Ryder System, Inc. (Florida, U.S.),Schnellecke group ag & co. Kg (Wolfsburg, Germany),Penske Automotive Group, Inc. (Michigan, U.S.),Others
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Companies Covered | 15 |
Pages | 128 |
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