What Has Been the Growth of the Automotive Logistics Market So Far?
The automotive logistics market has seen considerable growth due to a variety of factors.
• In recent times, the size of the automotive logistics market has seen significant growth. The market forecast suggests it will expand from $286.51 billion in 2024 to $308.26 billion in 2025, showcasing a compound annual growth rate (CAGR) of 7.6%.
The growth during the historical period can be owed to the surge in emerging markets, a rise in the sales of automobiles, and an increase in international trade.
What is the Market Size Forecast for the Automotive Logistics Market?
The automotive logistics market is expected to maintain its strong growth trajectory in upcoming years.
• In the near future, a significant increase in the size of the automotive logistics market is anticipated. This market is projected to expand to $429.49 billion in 2029 with a compound annual growth rate (CAGR) of 8.6%.
Such progress in the forecast period can be ascribed to factors like enhanced government backing, global population expansion and urbanization, heightened production of electric vehicles, and a surge in e-commerce sales. When it comes to trends for the forecast period, they center around the development of innovative technologies to assist in vehicle and inventory transportation, the use of electric vehicles (EVs) for efficient last-mile delivery due to their superior agility and minimal carbon emissions, focusing on partnerships and acquisitions to boost financial power and regional presence, cultivating advanced logistics management platforms to keep a close eye on vehicle delivery status, and unveiling novel products and solutions to solidify market standing.
What Key Factors and Trends are Driving the Growth of the Automotive Logistics Market?
The growth of the automotive logistics market is anticipated to be driven by the escalating proficiency in completed vehicle logistics. Completed vehicle logistics pertain to a series of actions and methods at the end of which cars are securely shipped to the final consumers. These activities include the transfer or delivery of automobiles, domestically or internationally, from the manufacturers to the customers. The automotive industry employs finished vehicle logistics for the secure delivery of autos, resulting in an efficiency increase. As efficiency rises, so does the demand for automotive logistics. For example, in April 2023, the International Energy Agency (IEA), an autonomous intergovernmental organization based in France, disclosed a near 60% increase in passenger vehicle exports in 2022, exceeding 2.5 million units. Consequently, the amplified efficiency in completed vehicle logistics is propelling the automotive logistics market's growth.
What Are The Major Segments Within The Automotive Logistics Market?
The automotive logistics market covered in this report is segmented –
1) By Type: Outsourcing, Insourcing
2) By Activity: Warehousing And Handling, Transportation And Handling
3) By Mode Of Transport: Roadways, Airways, Railway, Maritime
4) By Services: Transportation, Warehousing, Packaging Processes, Integrated Service, Reverse Logistics
5) By Distribution: Domestic, International
Subsegments:
1) By Outsourcing: Third-Party Logistics (3PL), Fourth-Party Logistics (4PL)
2) By Insourcing: In-House Logistics Management, Dedicated Logistics Services
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Which Trends Are Expected To Transform The Automotive Logistics Market?
Leading corporations in the automotive logistics market are concentrating their efforts on creating novel products like integrated logistics platforms. These platforms are designed to simplify transport operations and boost supply chain management. As a comprehensive software solution, integrated logistics platforms handle and improve every part of supply chain and transport operations, ensuring smooth coordination between shippers, carriers, and logistics providers. For example, Cox Automotive, a company based in the US, launched Central Dispatch Enterprise in June 2024. This platform was devised to refine and enhance transportation processes for major automotive shippers and brokers. It provides a private marketplace equipped with customisable and comprehensive capacities that utilise proprietary data and market intelligence to improve supply chain management. Features of the platform include automated procedures, APIs for effortless integration, and a carrier mobile app for streamlined transactions. This provides customers with the tools needed to augment operational efficiency and profit margins in the automotive logistics industry.
Who Are the Key Players in the Automotive Logistics Market?
Major companies operating in the automotive logistics market include:
• Deutsche Post DHL Group
• Kuehne + Nagel International AG
• DSV A/S
• Deutsche Bahn
• Nippon Express Co. Ltd
• CEVA Logistics AG
• Geodis SA
• Expeditors International
• Penske Automotive Group. Inc
• Kerry Logistics Network Limited
• Hyundai Mobis
• Mitsui O.S.K. Lines
• STAC Co. Ltd.
• CJ Logistics
• Sinotrans Limited
• China Ocean Shipping Company
• Anji Logistics
• Yusen Logistics Co. Ltd.
• Eddie Stobart Group
• Hellmann Worldwide Logistics
• Schenker Deutschland AG
• BLG Logistics Group AG and Co. KG
• Panalpina
• Schnellecke
• GEFCO
• TNT Express
• DB Schenker
• Maersk
• FESCO Transportation Group
• CFR Rinkens LLC
• Dachser Group SE and Co. KG
• Neovia Logistics Services
• LLC
• Ryder System Inc.
• XPO Logistics. Inc.
• C.H. Robinson
• UPS Supply Chain Solutions
• FedEx
• Brasil Terminal Portuário
• Tegma Gestão Logística
• TASA Logística
• Terminal Zárate
• ECSA Group
• Ultraport
• Grupo Puerto de Cartagena
• Andina Freight
• TISUR
• Logística Andina
• Globalink Logistics Group
• Port of Haifa
• ZIM Integrated Shipping Services
• DP World
• GAC Dubai
• Saudi Global Ports
• Bahri Logistics
• Qatar Ports Management Company
• Milaha
• Turkon Holding
• Mars Logistics
• Emirates SkyCargo
• Agility Logistics
• Imperial Logistics Ltd.
• Bidvest Panalpina Logistics
• Bakers Transport
What Is The Most Dominant Region In The Automotive Logistics Market?
Asia-Pacific was the largest region in the automotive logistics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
