Global Automotive Logistics Market to Reach US$ 463.3 Billion by 2032, Fueled by Flourishing Expansion of Automotive Industry

August 28, 2023 | Transportation and Logistics

According to the latest report by IMARC Group, titled “Automotive Logistics Market Report by Type (Finished Vehicles, Automotive Parts), Activity (Warehousing and Handling, Transportation and Handling), Mode of Transport (Roadways, Airways, Maritime, Railway), Logistics Solution (Inbound Logistics, Outbound Logistics, Reverse Logistics, Aftermarket Logistics), Distribution (Domestic, International), and Region 2024-2032,” the global automotive logistics market size reached US$ 283.5 Billion in 2023. Automotive logistics refers to the efficient management and coordination of the transportation, storage, and distribution of vehicles, parts, and components throughout the automotive supply chain. It helps ensure the seamless movement of products from manufacturers to dealerships and end consumers. Automotive logistics encompasses various activities, including inbound logistics for acquiring raw materials and components, outbound logistics for delivering finished vehicles to dealerships, and aftermarket logistics for distributing spare parts and accessories. This complex process involves multiple stakeholders, including manufacturers, suppliers, third-party logistics providers, and transportation companies. The automotive logistics market assists in optimizing supply chain operations, reducing lead times, minimizing costs, and enhancing customer satisfaction by ensuring timely and reliable delivery of automotive products.

Global Automotive Logistics Market Trends:

The global automotive logistics market is witnessing significant growth, primarily impelled by the rising demand for efficient supply chain solutions. Besides this, with the rapid expansion of the automotive sector and the increasing vehicle production and international trade, automotive manufacturers are seeking reliable and specialized logistics services to manage the transportation of vehicles and components across borders, creating a favorable outlook for market expansion. Moreover, the surge in vehicle sales, necessitating robust logistics infrastructure to support the distribution and fulfillment processes, is acting as another significant growth-inducing factor. Furthermore, the shift towards just-in-time (JIT) manufacturing and lean production practices has accentuated the importance of efficient logistics in the automotive industry, strengthening the market growth. Concurrent with this, the growing emphasis on reducing inventory levels and lead times necessitates smooth coordination between suppliers and assembly plants. This fuels the demand for automotive logistics providers to guarantee the timely delivery of components to production lines, enabling manufacturers to maintain ideal inventory levels and enhance production efficiency. Additionally, the rising complexity of the automotive supply chain, coupled with the increasing demand for customization and personalization, has contributed to the need for flexible and agile logistics solutions. Apart from this, the surging demand for eco-friendly logistics practices in the automotive industry, such as the adoption of electric and hybrid vehicles, alternative fuels, and optimized routing, due to the expanding focus on sustainability and escalating environmental concerns, is creating a positive outlook for market expansion. Looking forward, the market value is projected to reach US$ 463.3 Billion by 2032, expanding at a CAGR of 5.44% during 2024-2032.

Market Summary:

Based on the type, the market is bifurcated into finished vehicles and automotive parts. Currently, automotive parts dominate the market, holding the largest share.
On the basis of the activity, the market has been divided into warehousing and handling and transportation and handling. At present, transportation and handling holds the majority of the global share.
Based on the mode of transport, the market is categorized into roadways, airways, maritime, and railway. Among these, railway represents the biggest market segment.
On the basis of the logistics solution, the market has been segregated into inbound logistics, outbound logistics, reverse logistics, and aftermarket logistics.
Based on the distribution, the market is classified into domestic and international. Currently, domestic holds the largest market share.
On a regional basis, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. Presently, Asia Pacific enjoys the leading position in the market.
The competitive landscape of the market has also been examined, with some of the key players being BLG Logistics Group AG & Co. KG, Bollore Logistics (Bolloré SE), C.H. Robinson Worldwide Inc., CEVA Logistics (CMA CGM), CFR Rinkens LLC, Dachser Group SE & Co. KG, Deutsche Post DHL Group, DSV A/S, Hellmann Worldwide Logistics SE & Co. KG, Kerry Logistics Network Ltd. (SF Express Co. Ltd.), Kuehne + Nagel International AG, Neovia Logistics Services LLC, Nippon Express Co. Ltd., Penske Logistics Inc. (Penske Truck Leasing Co. L.P.), Ryder System Inc., etc.

Report Coverage:

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: Type Activity Mode of Transport Logistics Solution Distribution Region
Types Covered	Finished Vehicles, Automotive Parts
Activities Covered	Warehousing and Handling, Transportation and Handling
Mode of Transports Covered	Roadways, Airways, Maritime, Railway
Logistics Solutions Covered	Inbound Logistics, Outbound Logistics, Reverse Logistics, Aftermarket Logistics
Distributions Covered	Domestic, International
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	BLG Logistics Group AG & Co. KG, Bollore Logistics (Bolloré SE), C.H. Robinson Worldwide Inc., CEVA Logistics (CMA CGM), CFR Rinkens LLC, Dachser Group SE & Co. KG, Deutsche Post DHL Group, DSV A/S, Hellmann Worldwide Logistics SE & Co. KG, Kerry Logistics Network Ltd. (SF Express Co. Ltd.), Kuehne + Nagel International AG, Neovia Logistics Services LLC, Nippon Express Co. Ltd., Penske Logistics Inc. (Penske Truck Leasing Co. L.P.), Ryder System Inc., etc.
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Global Automotive Logistics Market to Reach US$ 463.3 Billion by 2032, Fueled by Flourishing Expansion of Automotive Industry

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