Automotive Logistics Market Trends

Growth Drivers

Growing Demand for Cars and Trucks – which 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 Automation – it 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

Automotive Logistics Market: Key Insights

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
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)

Frequently Asked Questions (FAQ)

Growing demand for vehicles as well as rising software-based logistics facilities along with increasing use of robotics in logistics are some of the major factors anticipated to drive the growth of the market.

The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023-2033.

First-party logistics (1PL) requires a significant investment, as well aa s shortage of trained truck drivers, which are some of the factors estimated to hamper the market growth.

The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Hellmann Worldwide Logistics SE & Co. KG, Deutsche Post AG, Sncf Group, Expeditors International of Washington, Inc., Dsv Group, Xpo Logistics, Inc., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by product type, services, mode of transport, process, and by region.

The automobile parts segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

Automotive Logistics Market Trends