North America Automotive Logistics Market Is Driven By
Rising Vehicle Production and Sales
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 R&D and use of newer technologies, translating into
specialized logistics for handling unique parts.
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Insights on- North
America Automotive Logistics Market
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