North America Automotive Logistics Market Trends, Opportunity and Forecast 2021 to 2028
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 and Forecast to 2028 (US$ Million)
The growing demand for both passenger and commercial vehicles in North America is largely driven by rising disposable income and the expansion of manufacturing and assembly operations across both developed and developing nations in the region. To capitalize on these trends, vendors in the North America automotive logistics market are introducing innovative features and technologies, helping them attract new customers and extend their presence in emerging markets. These developments are expected to fuel a healthy compound annual growth rate (CAGR) for the market during the forecast period.
North America automotive logistics market Segmentation
The North America automotive logistics market is segmented by type, service, sector, and country:
- By Type: The market is categorized into outsourcing and insourcing, with the insourcing segment holding the largest share in 2021.
- By Service: Segments include transportation, warehousing, packaging processes, integrated service, and reverse logistics. Among these, transportation was the leading segment in 2021.
- By Sector: The market is divided into passenger vehicles, commercial vehicles, tires, and components, with components dominating in 2021.
- By Country: The market includes the US, Canada, and Mexico, with the US emerging as the dominant country segment in 2021.
Key North America automotive logistics 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 instrumental in shaping the competitive landscape and driving innovation in the automotive logistics industry across North America.
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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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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