Global Automotive Logistics Market to Reach $289.1 Billion by 2030
The global market for Automotive Logistics estimated at US$185.6 Billion in the year 2023, is expected to reach US$289.1 Billion by 2030, growing at a CAGR of 6.5% over the period 2023-2030. Automotive Transportation, one of the segments analyzed in the report, is expected to record 6.4% CAGR and reach US$225.2 Billion by the end of the analysis period. Growth in the Automotive Warehousing segment is estimated at 7.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $48.4 Billion, While China is Forecast to Grow at 10% CAGR
The Automotive Logistics market in the U.S. is estimated at US$48.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$69.3 Billion by the year 2030 trailing a CAGR of 10% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 5.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.
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