North America Automotive Logistics Market Detailed
Overview, Scope, Trends 2028
According to a new market research study on “North America Automotive Logistics Market to 2028 – COVID-19 Impact Analysis and Forecast by Component, by Type, Services, Sector, and Country” is expected to reach US$ 71,282.17 million by 2028 from US$ 48,567.79 million in 2021. The market is estimated to grow at a CAGR of 5.6% from 2021 to 2028.
The North America Automotive Logistics Market is projected to expand at a compound annual growth rate (CAGR) of 5.6% between 2021 and 2028. Key factors fueling this growth include the increasing number of automotive manufacturing facilities in the region and the growing prevalence of partnerships between vehicle manufacturers and logistics providers.
The rising demand for both passenger and commercial vehicles in North America, driven by increasing disposable incomes and the expansion of manufacturing and assembly operations in both developed and developing economies, further supports market growth. However, the inherent complexity of the automotive supply chain presents a challenge to market expansion. To capitalize on emerging market opportunities and attract new customers, vendors in the North America Automotive Logistics Market are focusing on incorporating innovative features and technologies into their service offerings, which is expected to contribute significantly to the market's healthy CAGR throughout the forecast period.
North America Automotive Logistics Market – Revenue and Forecast to 2028 (US$ Million)
The market is projected to grow significantly by 2028, driven by supply chain optimization, e-commerce in auto parts, and advancements in logistics technologies (e.g., IoT, automation).
North America Automotive Logistics Market Segmentation
North America Automotive Logistics Market Key Companies
Leading players include:
North America Automotive Logistics Market Growth Drivers
Challenges
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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