by The North America automotive logistics market comprises logistics services that allow the seamless movement of automotive parts, vehicles, and equipment from the point of origin to destination. These services aid in reducing operational costs and enhancing efficiency across the complex automotive supply chain. Some of the commonly used logistics services include transportation, warehousing, packaging, inventory management, and integrated logistics solutions. The rising popularity of electric, hybrid, and autonomous vehicles due to stringent emission norms has further driven the need for advanced logistics infrastructure capable of efficiently transporting vehicles with intricate designs and advanced technology.
The global North America Automotive Logistics Market is estimated to be valued at US$ 74.71 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends propelling growth of the North America automotive logistics market is the heightened demand for vehicles equipped with advanced technology. Manufacturers are increasingly focusing on development of electric, hybrid, and autonomous vehicles to comply with stricter emission regulations. However, transporting vehicles with intricate designs and sophisticated technology requires logistics providers with specialized infrastructure and expertise. This is driving automotive OEMs and their logistics partners to invest heavily in establishing advanced logistics networks comprising infrastructure, equipment, and workforce capable of seamlessly orchestrating the intra-plant and inter-facility movement of next-gen vehicles. Such upgrades in the automotive logistics sector will continue supporting the production and distribution of advanced automobiles.
SWOT Analysis
Strength: The North America automotive logistics market benefits from presence of large automobile manufacturers in countries like US and Canada. This ensures consistent demand for logistics services.
Weakness: Frequent change in trade policies and regulations can negatively impact supply chain of automotive logistics companies operating across borders in the region.
Opportunity: Growth of electric vehicles segment provides opportunity for dedicated logistics of batteries and other components within this industry.
Threats: Rising competition from local players and shared logistics services poses threat to market share of established players.
Key Takeaways
The Global North America Automotive Logistics Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The global North America Automotive Logistics Market is estimated to be valued at US$ 74.71 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030.
Regional analysis:
The United States dominates the North America automotive logistics market and is expected to continue its dominance over the forecast period. this is owing to presence of several automotive OEMs and strong road infrastructure in the country. Mexico and Canada also offer significant growth opportunities owing to expanding automotive manufacturing industry.
Key players:
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. Major players are focusing on dedicated fleets and facilities to cater to specific needs of electric vehicle component transportation.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
