Segments - Automotive Logistics Market by Type (Automotive Parts and Finished Vehicles), Activity (Transportation & Handling and Warehousing & Handling), Mode of Transport (Airways, Railways, Roadways, and Maritime), Distribution (International and Domestic), and Region (Asia Pacific, North America, Latin America, Europe, and. Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global automotive logistics market size was USD 240 Bn in 2022 and is expected to reach USD 432 Bn by 2031, expanding at a CAGR of 6.2% during 2023–2031. Increasing vehicle production and the advent of electric vehicles are likely to boost the market.
Automotive logistics refer to the process of transporting vehicles, auto parts, and related materials from one location to another. This involves managing the entire supply chain, from sourcing raw materials to delivering finished products to dealerships or end customers.
The automotive logistics industry is complex and includes various activities such as procurement, storage, transportation, and distribution. Some of the key functions of automotive logistics include inbound logistics, outbound logistics, and aftermarket logistics.
Automotive logistics involve managing inventory levels, tracking shipments, coordinating with various stakeholders, and ensuring compliance with regulatory requirements. Effective automotive logistics is critical for the smooth functioning of the automotive industry, ensuring timely delivery of products and maintenance of high levels of customer satisfaction.
The market report finds that the COVID-19 pandemic restrained the automotive logistics market. However, manufacturers are unable to fulfill the rebound in demand, due to the pandemic.
Increasing demand from the automotive industry, due to the improved standards of living and rising spending capacity are expected to drive the market. The number of automotive manufacturers and logistics providers is increasing, due to rising partnerships and collaborations in the automotive industry, which is expected to boost the market. Moreover, growing demand for plug-in vehicles is fueling the market.
Strict regulations regarding fuel emission, which is expected to restrain the market. However, the shortage of truck drivers, due to the high cost, which is hampering the market.
Increasing technological advancements such as machine-to-machine communication in waterway transportation, which in turn, is likely to create lucrative opportunities for the market players.
The market report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Automotive Logistics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Type (Automotive Parts and Finished Vehicles), Activity (Transportation & Handling and Warehousing & Handling), Mode of Transport (Airways, Railways, Roadways, and Maritime), and Distribution (International and Domestic) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
Key Players Covered in the Report |
United Parcel Service of America, Inc.; Penske Automotive Group, Inc.; Kuehne+Nagel; GEODIS; GEFCO; FedEx; DSV; Deutsche Post AG; CFR Rinkens; C.H. Robinson Worldwide, Inc.; BLG LOGISTICS GROUP AG & Co. KG; and A.P. Moller - Maersk |
Based on type, the automotive logistics market is divided into automotive parts and finished vehicles. The automotive parts segment is expected to expand at a significant pace during the projection period. This segment accounts for the income generated from auto aftermarket dealers and original equipment manufacturers. Automotive parts refer to the process of transporting inventory effectively and efficiently to support business operations.
In terms of activity, the global market is segregated into transportation & handling and warehousing & handling. The transportation & handling segment is projected to register a considerable CAGR during the forecast period. Companies are continuously investing in data-driven solutions to increase transportation efficiency.
On the basis of mode of transport, the automotive logistics market is segmented into airways, railways, roadways, and maritime. The roadways segment is expected to register a robust growth rate during the forecast period, due to the low cost and the deployment of transportation systems, which allows for platooning, automated driving, and high-level connectivity.
Based on distribution, the global market is classified as international and domestic. The domestic segment is expected to expand at a rapid pace during the forecast period, due to the increasing number of supportive policies in countries such as China and India to incentivize local production. The main reason behind employing this strategy is technology transfer, the contribution of GDP, and the creation of employment.
In terms of region, the global automotive logistics market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period, due to the increasing demand for vehicles and the easy availability of raw materials. The market in the region is attributed to the thriving e-commerce sector in developing countries. However, favorable government policies relating to the development of a strong automotive logistics infrastructure, which is expected to drive the market in the region.
The global automotive logistics market has been segmented on the basis of
Key players in the global automotive logistics market are United Parcel Service of America, Inc.; Penske Automotive Group, Inc.; Kuehne+Nagel; GEODIS; GEFCO; FedEx; DSV; Deutsche Post AG; CFR Rinkens; C.H. Robinson Worldwide, Inc.; BLG LOGISTICS GROUP AG & Co. KG; and A.P. Moller – Maersk. These players employ one or more strategies such as mergers, acquisitions, production expansion, collaboration, partnerships, and product launches to increase their consumer base globally.
In April 2021, Maersk launched ‘Automotive Express’, which connects customers to their import and export destinations. Automotive manufacturers involve reliable logistics services that can move their raw materials on precise schedules to confirm an uninterrupted production process.