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AUTOMOTIVE & TRANSPORTATION

Automotive Logistics Market Analysis by Product Type {Automobile Parts, Finished Vehicles (Passenger, Commercial)}; by Services (Warehousing, Packaging Processes, Transportation, Integrated Service, and Reverse Logistics); by Mode of Transport (Roadways, Railways, Airways, and Maritime) and by Process (Outsourcing and Insourcing) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Hellmann Worldwide Logistics SE & Co. KG - Hellmann Worldwide Logistics will ensure production supplies to the world's largest CLAAS plant in Harsewinkel with its newly opened warehouse location totaling 18,000 m² in Oelde, Germany.
  • DHL (Deutsche Post AG) – acquired a freight facility near Dusseldorf, Germany, ensuring the growth of its automotive logistics business.

Global Automotive Logistics Market Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~7%

Base Year Market Size (2022)

 ~ USD 270 Billion

Forecast Year Market Size (2033)

~ USD 500 Billion

The global automotive logistics market is estimated to garner a revenue of ~USD 500 billion by the end of 2033 by growing at a CAGR of ~7% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 270 billion in the year 2022. The growth of the market can primarily be attributed to the growing demand for automobiles worldwide along with a surge in demand for logistics as every automobile is made up of parts and pieces. For instance, it is estimated that around 15,000 to 25,000 individual parts to needed to create a vehicle.

Automotive-Logistics-Market-Size

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Automotive logistics is the careful planning and execution of auto parts, and the automobile transportation process. It is responsible for the movement of auto components, replacement parts, and whole cars from manufacturers to suppliers to consumers. The primary operations include warehousing, unloading, loading, distribution, data processing, and others. With the recent advancements in the overall logistics handling process as well as the rising share of the automobile industry in the gross domestic product (GDP), the demand for automotive logistics is on the rise amongst automobile manufacturers, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global automotive logistics market during the forecast period. For instance, the automotive industry was the key driving force behind macroeconomic growth, contributing to about 3% of global GDP in 2021, driving the technological advancement of many adjacent sectors.

Global Automotive Logistics Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Cars and Truckswhich 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 Automationit 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

The global automotive logistics market is segmented and analyzed for demand and supply by product type into automobile parts, and finished vehicles that include passenger, and commercial vehicles. Amongst these segments, the automobile parts segment is anticipated to garner the largest revenue by the end of 2033, backed by the growing number of production of vehicles as well as rising demand for auto components along with the surge in the revenue of auto part makers worldwide. For instance, in the second quarter of 2022, the cumulative revenue of India’s auto component makers hiked ~23% to about USD 12 billion.

Global Automotive Logistics Market Regional Synopsis

Regionally, the global automotive logistics market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2033, backed by the presence of a strong automobile network in the region, a growing number of vehicles, along with the rising demand for automotive logistics services in the automobile manufacturers and suppliers. It was found that Asia-Pacific region has a fleet of ~530 million vehicles in 2022.

Automotive-Logistics-Market-Scope

The global automotive logistics market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Automotive Logistics Market Segmentation

Our in-depth analysis of the global automotive logistics market includes the following segments:

By Product Type

  • Automobile Parts
  • Finished Vehicles
  • Passenger
  • Commercial

By Services

  • Warehousing
  • Packaging Processes
  • Transportation
  • Integrated Service
  • Reverse Logistics

By Mode of Transport

  • Roadways
  • Railways
  • Airways
  • Maritime

By Process

  • Outsourcing
  • Insourcing

Top Featured Companies Dominating the Global Automotive Logistics Market

  • Hellmann Worldwide Logistics SE & Co. KG
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • 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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