Global Automotive Logistics Market Report and Forecast 2024-2032

Global Automotive Logistics Market Report and Forecast 2024-2032

Global Automotive Logistics Market Report and Forecast 2024-2032

Market outlook

According to the report by Expert Market Research (EMR), the automotive logistics market size reached a value of USD 288.01 billion in 2023. Aided by the increasing demand for efficient transportation solutions and the growing applications of automotive logistics in various sectors, the market is projected to further grow at a CAGR of 6.4% between 2024 and 2032 to reach a value of USD 503.41 billion by 2032.

Automotive logistics refers to the comprehensive process of managing the transportation, warehousing, and distribution of vehicles and automotive components. It encompasses various stages of the supply chain, including the inbound movement of raw materials and components to manufacturing plants, the outbound transportation of finished vehicles to dealerships, and the delivery of aftermarket parts to retailers and service centres.

The increasing demand for efficient transportation solutions is driving the automotive logistics market growth. With the growing complexity of automotive supply chains and the need for timely delivery of vehicles and components, there has been a significant shift towards the adoption of advanced logistics solutions. Additionally, the rising trend of globalization and the expansion of automotive manufacturing operations across different regions have further contributed to the increasing popularity of automotive logistics.

The expanding applications of automotive logistics in various sectors also play a significant role in propelling the market. In the manufacturing sector, automotive logistics is used to streamline the supply chain, ensuring the timely delivery of raw materials and components to production lines. The retail sector utilises automotive logistics for the efficient distribution of vehicles and parts to dealerships and retailers. Moreover, the aftermarket segment benefits from automotive logistics in managing the supply chain for replacement parts and accessories.

Further, the growing focus on sustainability and the adoption of green logistics practices have led to an increased demand for innovative logistics solutions. With the rise of eco-friendly transportation options and the need to reduce carbon emissions, automotive logistics providers are increasingly focusing on developing sustainable and efficient solutions. This trend is expected to boost the automotive logistics market expansion in the coming years, consequently driving up the automotive logistics market share.

North America is a significant market for automotive logistics, driven by the high demand for efficient transportation solutions and the presence of leading automotive manufacturers and logistics providers. The region's focus on technological advancements and sustainability is also supporting market growth.

Europe is a prominent market for automotive logistics, with countries such as Germany, the United Kingdom, and France leading the adoption of advanced logistics solutions. The region's emphasis on reducing carbon emissions and enhancing supply chain efficiency is driving the demand for automotive logistics.

As per the automotive logistics market analysis, the Asia-Pacific region is expected to witness significant growth in the automotive logistics market, owing to the rapid industrialisation, increasing automotive production, and growing demand for vehicles. Countries such as China, India, and Japan are major contributors to the market growth in this region.

The Latin America automotive logistics market is growing steadily, driven by the increasing demand for efficient transportation solutions and the expansion of automotive manufacturing operations. The region's focus on improving infrastructure and supply chain efficiency is also supporting market growth.

Market Segmentation

The market can be divided based on service, mode of transport, type, distribution area, and region

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

Competitive landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in automotive logistics market. some of the major players explored in the report by expert market research are as follows:

• 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.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.