Finished Vehicles Logistics Market Report by Activity (Transport (Rail, Road, Air, Sea), Warehouse, Value-added Services), Vehicle Type (Passenger Vehicle, Commercial Vehicle, Hybrid Electric Vehicle, Battery Electric Vehicle), Distribution Channel (OEMS (Original Equipment Manufacturers), Aftermarket), and Region 2024-2032

Finished Vehicles Logistics Market Report by Activity (Transport (Rail, Road, Air, Sea), Warehouse, Value-added Services), Vehicle Type (Passenger Vehicle, Commercial Vehicle, Hybrid Electric Vehicle, Battery Electric Vehicle), Distribution Channel (OEMS (Original Equipment Manufacturers), Aftermarket), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A19090
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Market Overview:

The global finished vehicles logistics market size reached US$ 143.62 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 213 Billion by 2032, exhibiting a growth rate (CAGR) of 4.48% during 2024-2032. The thriving automotive industry, rising demand for electric vehicles (EVs), globalization of vehicle manufacturing, ongoing technological advancements, consumer expectations for faster delivery, adoption of sustainable practices, increasing use of rail and multimodal transportation, and favorable regulatory changes and trade agreements, are some of the major factors propelling the market.

Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023 US$ 143.62 Billion
Market Forecast in 2032 US$ 213 Billion
Market Growth Rate 2024-2032 4.48%


Finished vehicle logistics refers to the comprehensive process involved in transporting vehicles from the manufacturing plant to their final destination, which could be dealerships, ports for export, or directly to customers. This specialized segment of logistics encompasses a range of activities, including inventory management, pre-delivery inspection, storage, and transportation via various modes such as truck, rail, or ship. It is a critical component in the automotive industry, enabling meticulous planning and execution to ensure that vehicles arrive in pristine condition, on time, and in a cost-effective manner. Finished vehicle logistics is continuously evolving with advancements in technology and changing consumer expectations, integrating more sustainable practices and real-time tracking capabilities to enhance efficiency and customer satisfaction.

The flourishing expansion of the automotive sector, influenced by the increasing production and sales of vehicles worldwide, is primarily driving the market growth. In addition to this, the surging demand for EVs, incentivized by the escalating environmental concerns and favorable government policies, requires specialized logistics solutions, which is providing an impetus to the market growth. Moreover, as automakers establish plants in various regions to reduce costs and target local markets, the need for efficient international logistics increases, thus creating a positive outlook for market expansion. Concurrent with this, the growing customer expectations for quick delivery times are prompting logistics companies to optimize their operations, thereby bolstering the market growth. Furthermore, the increasing focus on reducing the carbon footprint in logistics, leading to the adoption of eco-friendly transportation modes and practices is presenting lucrative opportunities for market expansion. Apart from this, the growing trend towards using rail and multimodal transportation solutions to optimize costs and efficiency is boosting the market growth.

Finished Vehicles Logistics Market Trends/Drivers:

Burgeoning growth of the automotive industry

The automotive industry's growth serves as a pivotal driver for the global finished vehicles logistics market. In line with this, the diversification of vehicle types, including electric and hybrid models is contributing to the market growth. With global vehicle production increasing, especially in emerging economies like China, India, and Brazil, the demand for efficient logistics to transport these vehicles to various markets is escalating, providing an impetus to the market growth. Additionally, as manufacturers expand their global footprint, the complexity and scope of logistics services required also expand, necessitating sophisticated supply chain solutions capable of handling large volumes and delivering vehicles in pristine condition, which in, turn is strengthening the market growth. Besides this, the automotive industry's cyclical nature demands high flexibility from logistics providers to adapt to fluctuating production volumes and market demands, which is propelling the market forward.

Rising demand for EVs

The escalating demand for EVs is markedly reshaping the finished vehicles logistics market. EVs, with their unique requirements, such as battery handling, additional care during transportation, and specific storage conditions, pose new challenges for logistics providers. These vehicles often require specialized handling equipment and infrastructure, including charging stations at storage facilities and transporters with capabilities for handling high-voltage batteries. The growth in EV sales, especially in regions like Europe, North America, and parts of Asia, is compelling logistics companies to invest in new capabilities and adapt their operations for these vehicles, thereby bolstering the market growth. Moreover, the escalating environmental concerns, technological advancements, and supportive government policies and incentives promoting sustainable transportation are contributing to the increasing adoption of EVs, which in turn, is fueling the market growth. In confluence with this, the rising popularity of EVs is also influencing the logistics routes and networks, as the demand patterns differ from traditional internal combustion engine vehicles, thus aiding in market expansion.

Globalization of vehicle manufacturing

The globalization of vehicle manufacturing profoundly is acting as another significant growth-inducing factor. Automakers are increasingly establishing production facilities in various regions to reduce costs, increase proximity to key markets, and the availability of various local manufacturing incentives. This global distribution of manufacturing hubs necessitates a complex and efficient logistics network to transport vehicles from these plants to dealerships and customers worldwide. In addition to this, as manufacturers seek to optimize production by building specific models in select locations for global distribution, the reliance on international logistics intensifies, strengthening the market growth. Concurrently, this trend towards globalization also brings forth challenges like managing longer supply chains, navigating the varying regulatory landscapes, and customs procedures, increased risk of disruptions, and the need for real-time tracking and communication systems. Consequently, logistics providers are adapting by expanding their global network, investing in technology for better supply chain visibility, and developing strategies to mitigate risks associated with international transportation, thereby bolstering the market growth.

Finished Vehicles Logistics Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on activity, vehicle type, and distribution channel.

Breakup by Activity:

  • Transport (Rail, Road, Air, Sea)
  • Warehouse
  • Value-added Services
     

Transport (rail, road, air, sea) accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the activity. This includes transport (rail, road, air, sea), warehouse, and value-added services. According to the report, transport (rail, road, air, sea) represented the largest segment.

The expanding adoption of rail, road, air, and sea transportation modes due to their critical role in ensuring the efficient and timely delivery of vehicles represents one of the key factors influencing market growth. Besides this, numerous unique advantages offered by these modes of transport, such as the flexibility and accessibility to varied locations by road, cost-effectiveness for long-distance bulk movements by rail, the cost-efficient and large volumes of international shipping by sea transport, and rapid delivery of high-value vehicles through air are contributing to their increasing popularity. The combination of these modes allows for a comprehensive and versatile logistics network capable of meeting the diverse needs of the automotive industry, thereby positively impacting the global finished vehicle logistics market.

Breakup by Vehicle Type:

  • Passenger Vehicle
  • Commercial Vehicle
  • Hybrid Electric Vehicle
  • Battery Electric Vehicle
     

Commercial vehicle holds the largest share in the industry

A detailed breakup and analysis of the market based on the vehicle type have also been provided in the report. This includes passenger vehicle, commercial vehicle, hybrid electric vehicle, and battery electric vehicle. According to the report, commercial vehicles accounted for the largest market share.

The significant rise in e-commerce and the consequent need for efficient transportation and delivery systems spurring an exponentially growing demand for commercial vehicles is acting as another factor supporting the growth of the finished vehicles logistics. Moreover, the surge in online shopping has led to an increased demand for light commercial vehicles for last-mile delivery, thus boosting the market growth. In line with this, the ongoing expansion in construction and infrastructural projects globally has escalated the requirement for heavy commercial vehicles like trucks and trailers, which are essential in transporting raw materials and finished goods, thereby aiding in market expansion. Furthermore, the growing emphasis on enhancing supply chain efficiencies drives the demand for reliable and robust commercial vehicles, thereby bolstering their dominance in the finished vehicles logistics market.

Breakup by Distribution Channel:

  • OEMs (Original Equipment Manufacturers)
  • Aftermarket
     

OEMs (original equipment manufacturers) represent the leading market segment

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes OEMS (original equipment manufacturers), and aftermarket. According to the report, OEMS (original equipment manufacturers) represented the largest segment.

OEMs dominate the vehicles logistics market primarily due to their integral role in the automotive supply chain. Being the primary producers of vehicles, OEMs have extensive control over the manufacturing process, including the logistics and distribution of finished vehicles. Concurrently, their large-scale operations enable them to leverage economies of scale, ensuring efficient and cost-effective logistics solutions, thereby creating a positive outlook for market expansion. Additionally, various OEMs have established robust relationships with logistics providers, allowing for more streamlined and tailored logistics services. This control and influence over the supply chain from production to distribution makes OEMs a key player in the finished vehicles logistics market.

Breakup by Region:

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America 
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Asia-Pacific leads the market, accounting for the largest finished vehicles logistics market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia-Pacific accounted for the largest market share.

Asia-Pacific’s rapidly growing automotive industry, which is the largest globally is propelling the demand for finished vehicle logistics in the region. Numerous countries in the region, such as China, Japan, India, and South Korea, have become a hub for both vehicle production and consumption, which is aiding in market expansion. Moreover, the substantial domestic demand, coupled with the region’s role as an export powerhouse, drives the need for efficient finished vehicle logistics, supporting the market growth. In confluence with this, favorable governmental support, substantial investments in infrastructure development, and ongoing technological advancements in logistics and transportation are presenting lucrative opportunities for market expansion. Apart from this, the increasing adoption of EVS in these markets is acting as another significant factor propelling the need for specialized logistics services in the region.

Competitive Landscape:

The global finished vehicle logistics market is characterized by fierce competition between the leading key players who are actively expanding their global presence and enhancing service offerings to meet the evolving needs of the automotive industry. At the same time, these companies are also investing in technological advancements such as artificial intelligence (AI), the Internet of Things (IoT), and automation to improve tracking, efficiency, and handling of vehicles, thus propelling market growth. Furthermore, the market is further influenced by the increasing focus on sustainability, with various companies incorporating eco-friendly transportation methods and optimizing routes to reduce carbon emissions. Besides this, the companies also leverage extensive networks, advanced technology, and strategic partnerships and collaborations to expand their geographic reach and service capabilities, meeting evolving customer demands and industry standards.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • CargoTel Inc.
  • CEVA Logistics (CMA CGM)
  • DHL (Deutsche Post AG)
  • DSV A/S
  • Hellmann Worldwide Logistics SE & Co. KG
  • Kuehne + Nagel International AG
  • Omsan Logistics
  • Pound Gates
     

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Finished Vehicles Logistics Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Activity
  • Vehicle Type
  • Distribution Channel
  • Region
Activities Covered Transport (Rail, Road, Air, Sea), Warehouse, Value-added Services
Vehicle Types Covered Passenger Vehicle, Commercial Vehicle, Hybrid Electric Vehicle, Battery Electric Vehicle
Distribution Channels Covered OEMS (Original Equipment Manufacturers), Aftermarket
Regions Covered North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered CargoTel Inc., CEVA Logistics (CMA CGM), DHL (Deutsche Post AG), DSV A/S, Hellmann Worldwide Logistics SE & Co. KG, Kuehne + Nagel International AG, Omsan Logistics, Pound Gates, etc. (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the global finished vehicles logistics market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global finished vehicles logistics market?
  • What is the impact of each driver, restraint, and opportunity on the global finished vehicles logistics market?
  • What are the key regional markets?
  • Which countries represent the most attractive finished vehicles logistics market?
  • What is the breakup of the market based on the activity?
  • Which is the most attractive activity in the finished vehicles logistics market?
  • What is the breakup of the market based on vehicle type?
  • Which is the most attractive vehicle type in the finished vehicles logistics market?
  • What is the breakup of the market based on distribution channel?
  • Which is the most attractive distribution channel in the finished vehicles logistics market?
  • What is the competitive structure of the global finished vehicles logistics market?
  • Who are the key players/companies in the global finished vehicles logistics market?

Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the finished vehicles logistics market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global finished vehicles logistics market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the finished vehicles logistics market industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
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Finished Vehicles Logistics Market Report by Activity (Transport (Rail, Road, Air, Sea), Warehouse, Value-added Services), Vehicle Type (Passenger Vehicle, Commercial Vehicle, Hybrid Electric Vehicle, Battery Electric Vehicle), Distribution Channel (OEMS (Original Equipment Manufacturers), Aftermarket), and Region 2024-2032
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