Automotive Logistics Market size was valued at USD 309.07 billion in 2024 and is set to reach USD 725.01 billion by the end of 2037, registering around 6.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive logistics is assessed at USD 325.88 billion.
The growth of the market can primarily be attributed to the growing demand for automobiles worldwide along with a surge in demand for logistics as every automobile is made up of parts and pieces. For instance, it is estimated that around 15,000 to 25,000 individual parts to needed to create a vehicle.
Automotive logistics is the careful planning and execution of auto parts, and the automobile transportation process. It is responsible for the movement of auto components, replacement parts, and whole cars from manufacturers to suppliers to consumers. The primary operations include warehousing, unloading, loading, distribution, data processing, and others. With the recent advancements in the overall logistics handling process as well as the rising share of the automobile industry in the gross domestic product (GDP), the demand for automotive logistics is on the rise amongst automobile manufacturers, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global market during the forecast period. For instance, the automotive industry was the key driving force behind macroeconomic growth, contributing to about 3% of global GDP in 2021, driving the technological advancement of many adjacent sectors.
Author Credits: Saima Khursheed
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?