Automotive Logistics Market Trends

  • Report ID: 4503
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Automotive Logistics Market Trends

Growth Drivers

  • Growing Demand for Cars and Trucks – which is projected to reach more than 2 billion and over 750 million respectively by 2040. With the rising demand for vehicles, the demand for its parts, pieces, and technology, along with the demand for more efficient automotive logistics is also expected to escalate in the forecasted period.
  • Rising Software-Based Logistics – with the growing penetration of Artificial Intelligence (AI) software in various sectors including automotive logistics. For instance, globally AI software revenues are expected to reach nearly USD 100 billion by 2025.
  • Growing Use of Robots in Logistics – for instance, in 2023, there will be 259,000 units of logistics robots in operation globally.
  • Increasing Warehouse Automation – it is estimated that investment in warehouse automation will grow in logistics, by about 3 to 5 percent per year by 2025.

Challenges

  • First-party Logistics (1PL) Requires a Significant Investment
  • Shortage of Trained Truck Drivers
  • Concern about Data Privacy with the Rising Digitalization of Logistics

Automotive Logistics Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

6.9%

Base Year Market Size (2024)

USD 309.07 billion

Forecast Year Market Size (2037)

USD 725.01 billion

Regional Scope 

  • North America (U.S., and Canada) 
  • Latin America (Mexico, Argentina, Rest of Latin America) 
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) 
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) 
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa) 
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Browse Key Market Insights with Data Illustration:


Author Credits:  Saima Khursheed


  • Report ID: 4503
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of automotive logistics is assessed at USD 325.88 billion.

The 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. Growing demand for vehicles as well as rising software-based logistics facilities along with increasing use of robotics in logistics will propel the market growth.

Asia Pacific industry is projected to dominate largest revenue share by 2037, backed by presence of a strong automobile network along with the rising demand for automotive logistics services in the automobile manufacturers and suppliers in the region.

The major players in the market include Hellmann Worldwide Logistics SE & Co. KG, Deutsche Post AG, Expeditors International of Washington, Inc., Sncf Group, Dsv Group, Xpo Logistics, Inc., Ceva Logistics AG, Ryder System, Inc., Imperial Group (Pty) Ltd, Kuehne + Nagel Management AG.
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