by 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 Overview:
The North America Automotive Logistics Market includes logistics services and supply chain management services used by automotive manufacturers and dealers. These services include transportation, warehousing, packaging of vehicles and components, vehicle damage and loss prevention, customs clearance, and delivery of vehicles to the final point of sales or delivery to customers. Automotive logistics services help automotive OEMs, suppliers and dealers to manage supply chain operations, inventory and transportation operations. Logistics providers offer customized and end-to-end solutions for new vehicle distribution, used vehicle transportation, parts delivery and after-market operations.
Market key trends:
One of the key trends in the North America automotive logistics market is the rising adoption of e-commerce channels for purchasing and delivery of automotive parts and accessories. Consumers are increasingly preferring online purchases of parts and accessories. This has prompted automotive OEMs to strengthen their online retail platforms and logistics capabilities for delivery. Logistics providers are focusing on building specialized services and infrastructure for delivery of parts orders within stipulated timeframes. They are utilizing technologies like IoT, advanced analytics and cloud computing to enhance visibility, efficiency and customer experience in e-commerce deliveries. This is expected to drive significant growth of the automotive logistics market.
Porter’s Analysis
Threat of new entrants: The North America automotive logistics market requires high capital investments for setting up logistics infrastructure making the threat of new entrants moderate.
Bargaining power of buyers: With growing demand for outsourced logistics services, buyers have bargaining power over suppliers in the North America automotive logistics market.
Bargaining power of suppliers: Suppliers have low bargaining power in the market due presence of large number of logistics providers in the region.
Threat of new substitutes: Alternatives such as in-house logistics services pose low threat due to advantages offered by third-party automotive logistics providers.
Competitive rivalry: The competitive rivalry in the market is high owing to presence of many global and regional players.
Key Takeaways
The Global North America Automotive Logistics Market Size was valued at US$ 74.71 Bn in 2023 and is expected to grow at a CAGR of 6.1% over the forecast period. Growing vehicle production and sales is driving the demand for automotive logistics services in the region.
Regional analysis
The US automotive logistics market accounts for the largest share in North America due to high vehicle production and presence of major automakers in the country. Canada is emerging as a lucrative market, exhibiting growth at a CAGR of over 7% during the forecast period.
Key players
Key players operating in the North America Automotive Logistics market 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. These players are focusing on service expansion and mergers & acquisitions to gain higher shares in the market.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
