The North America automotive logistics market has witnessed robust growth over the past few decades on account of rising vehicle production and sales across the region. Automotive logistics involves the coordination of inbound and outbound shipment of automotive parts, components, and finished vehicles. It includes activities such as transportation, warehousing, packaging, inventory management, and freight forwarding. Automotive logistics provides efficient supply chain management and ensures smooth transportation of vehicles and parts from manufacturers to dealerships or ports.
The North America automotive logistics market was valued at US$ 66.37 Bn in 2021 and is forecast to reach a value of US$ 113.69 Bn by 2030 at a CAGR of 6.1% between 2022 and 2030.
Key players operating in the North America automotive logistics are Ceva Logistics Ag, Kuehne + Nagel International Ag, Dhl International Gmbh (Deutsche Post Ag), Ryder System, Inc., United Parcel Service, Inc., Db Schenker (Deutsche Bahn Ag), Xpo Logistics, Inc., Dsv A/S, Nippon Express Co., Ltd. and Geodis. With the growing production of vehicles in countries like the US, Mexico and Canada, the demand for efficient logistics and transportation of vehicles is also increasing steadily. rising disposable incomes and demand for personal vehicles across major countries has significantly contributed to the growth of the overall automotive industry.
The growing demand in the North America Automotive Logistics Market Demand can be attributed to factors such as rising vehicle parc, growing demand for new vehicles with additional features and advanced technology, increasing disposable incomes. Further, surging demand for electric and hybrid vehicles is also driving the need for sophisticated auto-logistics to handle unique transportation and warehousing of advanced automotive components. The increasing stringency of emission norms necessitates additional RD and use of newer technologies, translating into specialized logistics for handling unique parts.
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