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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.
Fueled by increasing disposable income and a growing number of manufacturing and assembly plants in both developed and developing economies, North America is experiencing a surge in demand for passenger and commercial vehicles. This dynamic environment presents significant opportunities for vendors in the North America automotive logistics market. By continually innovating their offerings with new features and technologies, these vendors can effectively attract new customers and broaden their presence in emerging markets, positioning the market for substantial growth at a healthy Compound Annual Growth Rate (CAGR) throughout the forecast period.
North America Automotive Logistics Market Revenue and Forecast to 2028 (US$ Million)
Segmentation
The North America automotive logistics market can be analyzed through various lenses:
Type: The market is divided into outsourcing and insourcing. In 2021, the insourcing segment held the largest share of the North America automotive logistics market.
Service: The services offered within this market include transportation, warehousing, packaging processes, integrated service, and reverse logistics. The transportation segment was the dominant service in 2021.
Sector: The automotive logistics market caters to several sectors: passenger vehicles, commercial vehicles, tires, and components. The component segment accounted for the largest market share in 2021.
Country: Geographically, the North America automotive logistics market spans across the US, Canada, and Mexico. The US represented the largest market 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 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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About Us:
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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