Automotive Logistics Market

Automotive Logistics Market

Growth Factors of Automotive Logistics Market

The automotive logistics market size was valued at USD 281.06 billion in 2023, and the market is now projected to grow from USD 294.73 billion in 2024 to USD 526.26 billion by 2032, exhibiting a CAGR of 7.5% during the forecast period of 2024-2032.

The COVID-19 outbreak forced auto makers to decentralize production and logistics because of dependence on areas such as Taiwan and China. This caused some capacity problems, especially after the lock down, with new requirements unmet and material shortages including steel. Modern governments such as the EU and the U. S. in March 2021 started developing strategies to factor-out specific logistics and encourage indigenous manufacturing with the aim of cutting their dependence on Asian and the U. S. Semiconductors. Therefore, the pandemic affected the automotive industry and the existing automotive supply system it stopped globalization and defined the new trends, which affected market growth.

Reduction in the number of trucks is achieved as operation efficiency is improved. Ireland based vehicle distributor NVD enhanced their logistics through smart solutions whereby customer lead time was successfully cut and productivity was doubled, in a way that 8 to 10 cars could be loaded onto a truck within 45minutes while, the same number of cars could only be loaded into a truck in over 180 minutes at some of the company’s Eastern European facilities. Also, the FVL industry has experienced an increase of efficiency during the forecast period and this factor is regarded as the main contributor to the market growth.

The future trend for the automotive logistics seen in the separation of tasks such as distribution and part making from the actual manufacturing. The logistics and its operations will continue being outsourced to reduce on investment and operation costs through third party logistics suppliers (3PL). 3PL enables companies to acquire market information, expand operations internationally without much assets and companies can enter foreign locations more rapidly. Therefore, it is believed that 3PL model will continue to reign as the favored by the automotive logistics firms.

Comprehensive Analysis of Automotive Logistics Market

The automotive logistics market growth is also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by activity analysis, by distribution analysis, by type analysis and by mode of transport analysis. By activity analysis incudes transportation & handling and warehousing & handling. By distribution analysis incudes domestic and international. By type analysis incudes the finished vehicle and automobile parts. By mode of transport analysis incudes roadways, railways, maritime, and airways.

The Asia Pacific region lead the automotive logistics market share by benefitting a market size of USD 144.52 billion in 2023 due to availability of raw materials.

Top players in the market have their responsibility of automotives industrial prospectus growth of the retailing industry and the markets. These players include, DB Schenker, BLG LOGISTICS GROUP AG & Co. KG, CEVA Logistics, Kuehne+Nagel, Expeditors International, DSV, XPO Logistics, Inc., Deutsche Post AG, SINOTRANS Limited, C.H. Robinson Worldwide, Inc., GEFCO, Ryder System, Inc., Schnellecke group ag & co. Kg, Penske Automotive Group, Inc. these market players provide a level-playing competitive landscape.

In February 2024, ORTEC launched its Manufacturing Solution Suite, a cutting-edge tool designed to optimize logistics and reduce costs for manufacturers and finished goods logistics industries.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 7.5% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Distribution

- Domestic

- International

By Mode of Transport

- Roadways

- Airways

- Maritime

- Railways

By Activity

- Warehousing & Handling

- Transportation & Handling

By Type

- Finished Vehicle

- Automobile Parts

By Geography

- North America (By Distribution, By Mode of Transport, By Activity, By Type)

• U.S. (By Distribution, By Mode of Transport, By Activity, By Type)
• Canada (By Distribution, By Mode of Transport, By Activity, By Type)
• Mexico (By Distribution, By Mode of Transport, By Activity, By Type)

- Europe (By Distribution, By Mode of Transport, By Activity, By Type)

• U.K. (By Distribution, By Mode of Transport, By Activity, By Type)
• Germany (By Distribution, By Mode of Transport, By Activity, By Type)
• France (By Distribution, By Mode of Transport, By Activity, By Type)
• Rest of Europe (By Distribution, By Mode of Transport, By Activity, By Type)

- Asia-Pacific (By Distribution, By Mode of Transport, By Activity, By Type)

• China (By Distribution, By Mode of Transport, By Activity, By Type)
• Japan (By Distribution, By Mode of Transport, By Activity, By Type)
• India (By Distribution, By Mode of Transport, By Activity, By Type)
• South Korea (By Distribution, By Mode of Transport, By Activity, By Type)
• Rest of Asia Pacific (By Distribution, By Mode of Transport, By Activity, By Type)

- Rest of the World (By Distribution, By Mode of Transport, By Activity, By Type)


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