Dublin, Nov. 06, 2024 (GLOBE NEWSWIRE) — The “Automotive Logistics Market Report and Forecast 2024-2032” report has been added to ResearchAndMarkets.com’s offering.
The automotive logistics market reached a value of USD 288.01 billion in 2023. Aided by the increasing demand for efficient transportation solutions and the growing applications of automotive logistics in various sectors, the market is projected to further grow at a CAGR of 6.4% between 2024 and 2032 to reach a value of USD 503.41 billion by 2032.
The increasing demand for efficient transportation solutions is driving the automotive logistics market growth. With the growing complexity of automotive supply chains and the need for timely delivery of vehicles and components, there has been a significant shift towards the adoption of advanced logistics solutions. Additionally, the rising trend of globalization and the expansion of automotive manufacturing operations across different regions have further contributed to the increasing popularity of automotive logistics.
The expanding applications of automotive logistics in various sectors also play a significant role in propelling the market. In the manufacturing sector, automotive logistics is used to streamline the supply chain, ensuring the timely delivery of raw materials and components to production lines. The retail sector utilises automotive logistics for the efficient distribution of vehicles and parts to dealerships and retailers. Moreover, the aftermarket segment benefits from automotive logistics in managing the supply chain for replacement parts and accessories.
Further, the growing focus on sustainability and the adoption of green logistics practices have led to an increased demand for innovative logistics solutions. With the rise of eco-friendly transportation options and the need to reduce carbon emissions, automotive logistics providers are increasingly focusing on developing sustainable and efficient solutions. This trend is expected to boost the automotive logistics market expansion in the coming years, consequently driving up the automotive logistics market share.
North America is a significant market for automotive logistics, driven by the high demand for efficient transportation solutions and the presence of leading automotive manufacturers and logistics providers. The region’s focus on technological advancements and sustainability is also supporting market growth.
Europe is a prominent market for automotive logistics, with countries such as Germany, the United Kingdom, and France leading the adoption of advanced logistics solutions. The region’s emphasis on reducing carbon emissions and enhancing supply chain efficiency is driving the demand for automotive logistics.
As per the automotive logistics market analysis, the Asia-Pacific region is expected to witness significant growth in the automotive logistics market, owing to the rapid industrialisation, increasing automotive production, and growing demand for vehicles. Countries such as China, India, and Japan are major contributors to the market growth in this region.
The Latin America automotive logistics market is growing steadily, driven by the increasing demand for efficient transportation solutions and the expansion of automotive manufacturing operations. The region’s focus on improving infrastructure and supply chain efficiency is also supporting market growth.
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in automotive logistics market. Some of the major players explored in the report are as follows:
- 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.
- Nippon Express Co. Ltd.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 213 |
| Forecast Period | 2024-2032 |
| Estimated Market Value (USD) in 2024 | $306.47 Billion |
| Forecasted Market Value (USD) by 2032 | $503.41 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
Key Topics Covered
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Logistics Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Logistics Historical Market (2018-2023)
8.3 Global Automotive Logistics Market Forecast (2024-2032)
8.4 Global Automotive Logistics Market by Service
8.5 Global Automotive Logistics Market by Mode of Transport
8.6 Global Automotive Logistics Market by Type
8.7 Global Automotive Logistics Market by Distribution Area
8.8 Global Automotive Logistics Market by Region
9 North America Automotive Logistics Market Analysis
9.1 United States of America
9.2 Canada
10 Europe Automotive Logistics Market Analysis
10.1 United Kingdom
10.2 Germany
10.3 France
10.4 Italy
10.5 Others
11 Asia Pacific Automotive Logistics Market Analysis
11.1 China
11.2 Japan
11.3 India
11.4 ASEAN
11.5 Australia
11.6 Others
12 Latin America Automotive Logistics Market Analysis
12.1 Brazil
12.2 Argentina
12.3 Mexico
12.4 Others
13 Middle East and Africa Automotive Logistics Market Analysis
13.1 Saudi Arabia
13.2 United Arab Emirates
13.3 Nigeria
13.4 South Africa
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.2 Porter’s Five Forces Analysis
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
16 Key Trends and Developments in the Market
For more information about this report visit https://www.researchandmarkets.com/r/js77g6
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- Global Automotive Logistics Market
