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The global automotive logistics market value reached approximately USD 288.83 billion in 2023. The market is assessed to grow at a CAGR of 6.4% between 2024 and 2032 to attain a value of around USD 503.41 billion by 2032.
Automotive logistics encompasses the transportation, storage, and management of vehicles and auto parts. It is crucial for optimising the transport process and ensuring the secure delivery of vehicles and components, which in turn drives the automotive logistics industry growth.
The importance of the automotive sector in the economic development of a country and the globalisation of car supply chains are positively impacting the automotive logistics market demand. With vehicle manufacturers attempting to surge the efficiency of supply chains, they are leveraging third-party logistics (3PL) services to ensure reliable storage and inventory control, reduce their operating costs, and enhance their scalability and flexibility.
One of the significant automotive logistics market dynamics and trends is the growing focus on sustainability in the automotive sector. Automotive suppliers and OEMs are increasingly investing in sustainable supply chain management to reduce their social and environmental impacts.
The experiencing enhanced automotive logistics demand with logistics operators increasingly adopting eco-friendly practices. These include utilising alternative fuels for transportation and improving warehouse energy efficiency, aimed at enhancing the sustainability of automotive supply chains.
As per the International Organization of Motor Vehicle Manufacturers, in 2023, total world motor vehicle production increased to 93,546,599 units. Asia-Oceania, America, and Europe held significant shares of this production, showcasing their vital roles in the global automotive landscape. Asia-Oceania vehicle production increased to 55,115,837 units in 2023 from 50,021,217 units in 2022, highlighting the country's growing manufacturing capabilities, America maintained its dominance in the global automotive industry, with vehicle production rising to 19,136,891 units in 2023 from 17,753,536 units in 2022. Similarly, Europe vehicle production significantly increased to 18,122,449 units in 2023 from 16,032,840 units in 2022 driving the automotive logistics market revenue.
According to the International Organization of Motor Vehicle Manufacturers, global vehicle sales were 83,638,420 units in 2021. By 2023, sales surged to 92,724,668 units, reflecting a 10.9% increase. This significant growth highlights a robust recovery and growth of the automotive logistics industry.
In the first quarter of 2023, the total sales of electric vehicles in Australia have been estimated to be 34,958 units. This number significantly increased to 63,899 units in the first quarter of 2024. The surge in sales underscores the rapid adoption and increasing preference for sustainable mobility solutions, according to the Federal Chamber of Automotive Industries.
In the first quarter of 2024, global electric car sales substantially increased, with sales nearing 3.5 million units, as reported by the China Passenger Car Association and the European Automobile Manufacturers’ Association. Notably, China retained its position, having sold nearly 1.9 million electric cars from January to March, signifying a 35% surge compared to the same period in 2023.
“Global Automotive Logistics Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Service
Market Breakup by Mode of Transport
Market Breakup by Type
Market Breakup by Distribution Area
Market Breakup by Region
Warehousing and handling, encompassing storage, distribution, and management of vehicles and their components, account for significant automotive logistics market share. Warehouses with advanced technologies, specialised technologies, and skilled personnel, among others are increasingly used by manufacturers to optimise inventory management and improve the operational efficiency of automotive logistics.
Moreover, the rising usage of innovative technologies that can streamline handling and inventory management while automating tedious and monotonous tasks to reduce labour costs is anticipated to fuel the growth of the automotive logistics market in the forecast period.
The companies offer comprehensive logistics services globally, including transportation, warehousing, supply chain management, and customs brokerage, catering to diverse industries with customised solutions.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Service |
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Breakup by Mode of Transport |
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Breakup by Type |
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Breakup by Distribution Area |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
In 2023, the market attained a value of nearly USD 288.83 billion.
The global automotive logistics market is assessed to grow at a CAGR of 6.4% between 2024 and 2032.
The market is estimated to witness healthy growth during 2024-2032 to reach around USD 503.41 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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