The North America automotive logistics market is expected to grow from US$ 48,567.79 million in 2021 to US$ 71,282.17 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028.
The demand for passenger and commercial vehicles in North America is witnessing a significant rise, primarily driven by the increase in disposable income across the region. As consumers enjoy greater purchasing power, their ability to invest in personal and commercial transportation solutions has grown, leading to an upswing in vehicle sales. Additionally, the establishment and expansion of manufacturing and assembly units in both developed nations such as the U.S. and Canada, as well as in emerging economies, have further fueled this demand. These facilities not only enhance production capacity but also improve the efficiency and availability of vehicles across various market growth.
This growing automotive demand has a direct impact on the North America automotive logistics market, which plays a crucial role in ensuring the seamless movement of vehicles and related components across the supply chain. As competition intensifies, vendors operating in the automotive logistics sector are leveraging innovation as a key differentiator. By integrating advanced technologies, such as IoT-enabled tracking systems, AI-powered route optimization, and automated warehousing solutions, logistics providers are enhancing operational efficiency and offering greater value to automotive manufacturers.
Furthermore, companies are focusing on enriching their service offerings by adding features that cater to the evolving needs of their clients. This includes improved transparency, faster delivery timelines, and better inventory management. By doing so, they are not only meeting existing customer expectations but also attracting new clients, particularly from emerging markets where infrastructure development and urbanization are accelerating.
As these trends continue to gain momentum, the North America automotive logistics market is expected to experience robust growth. The combination of rising vehicle demand, technological innovation, and strategic expansion into new markets is anticipated to drive the market forward at a healthy compound annual growth rate (CAGR) over the forecast period, positioning the region as a key hub in the global automotive logistics landscape.
North America Automotive Logistics Market Segmentation:
The market is segmented as follows:
By Type: North America automotive logistics market
- Outsourcing
- Insourcing (dominated the market in 2021)
By Service: North America automotive logistics market
- Transportation (dominated the market in 2021)
- Warehousing
- Packaging processes
- Integrated service
- Reverse logistics
By Sector: North America automotive logistics market
- Passenger vehicle
- Commercial vehicle
- Tire
- Component (dominated the market in 2021)
By Country: North America automotive logistics market
- US (dominated the market in 2021)
- Canada
- Mexico
Leading Companies in the North America Automotive Logistics Market:
- CEVA LOGISTICS AG
- DB Schenker
- DHL International GmbH
- DSV A/S
- GEODIS
- Kuehne + Nagel International AG
- Nippon Express Co., Ltd.
- RYDER SYSTEM, INC.
- XPO Logistics, Inc.
- United Parcel Service of America, Inc. (by Altair)
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
