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.
North America Automotive Logistics Market Overview
The growing demand for passenger and commercial vehicles in North America is primarily driven by rising disposable income and the expansion of manufacturing and assembly units in both developed and developing economies. To capitalize on this growth, vendors in the North America automotive logistics market are incorporating advanced features and technologies into their offerings, enabling them to attract new customers and expand into emerging markets. This trend is expected to propel the market at a strong compound annual growth rate (CAGR) over the forecast period.
North America Automotive Logistics Market Revenue and Forecast to 2028 (US$ Million)
Market Segmentation
The North America automotive logistics market is segmented by type, service, sector, and country:
- By Type: The market is divided into outsourcing and insourcing, with the insourcing segment leading in 2021.
- By Service: Segments include transportation, warehousing, packaging processes, integrated service, and reverse logistics, with transportation dominating in 2021.
- By Sector: The market covers passenger vehicles, commercial vehicles, tires, and components, with the components segment holding the largest share in 2021.
- By Country: The market spans the U.S., Canada, and Mexico, with the U.S. being the dominant segment in 2021.
Key Market Players
Leading companies in the North America automotive logistics market include:
- 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)
These players are strengthening their market presence through technological advancements and strategic expansions.
North America automotive logistics market Strategic Insights
Strategic insights for the North America automotive logistics market provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
