China Automotive Logistics Market Size (2024 - 2029)

China Automotive Logistics Market Analysis

The China Automotive Logistics Market size is estimated at USD 52.58 billion in 2024, and is expected to reach USD 70.22 billion by 2029, at a CAGR of 5.96% during the forecast period (2024-2029).

• China's automotive industry underwent substantial shifts which in response, the Chinese government has implemented measures to rejuvenate automobile consumption. These measures include providing fiscal and taxation support, accelerating the elimination of obsolete diesel trucks, and optimizing second-hand vehicle trading channels. Additionally, the government has introduced subsidies for new energy vehicles and invested in infrastructure development to support the automotive sector, such initiatives will keep the market afloat.
• China remains the world's largest vehicle market, leading in both annual sales and manufacturing output. Projections indicate that domestic production will hit 35 million vehicles by 2025. Furthermore, bolstered by a global surge in interest for electric vehicles, Chinese automobile sales overseas have seen notable growth. In October, signs of improvement emerged in China's manufacturing sector, highlighted by a 1 percentage point uptick in the Caixin China General Manufacturing Purchasing Managers' Index (PMI), reaching 50.3, as reported by Global Times.
• The swift growth of the electric vehicle market plays a pivotal role in this industry's trajectory. With its dominant stance in the electric vehicle arena, China has recorded a pronounced uptick in vehicle exports. Enhancements in logistics infrastructure, marked by upgraded warehouse facilities and specialized transport corridors, have been instrumental. The government's supportive policies, which include subsidies for electric vehicle manufacturers and investments in charging infrastructure, have further fueled this growth.
• To navigate the complexities of vehicle transportation and parts handling, companies are increasingly turning to AI and IoT technologies, aiming to optimize logistics and boost efficiency. For instance, from the begining of 2024, SAIC Motor Corporation, one of the largest automotive manufacturers, has rolled out an automated warehousing system integrated with IoT sensors and AI algorithms. As a result, the integration of AI and IoT is becoming a standard practice in the industry, driving further advancements and setting new benchmarks for efficiency and reliability.
• This growing automotive sector, increasing vehicle sales, and exports are expected to drive the country's automotive logistics market.

China Automotive Logistics Industry Segmentation

Automotive logistics involves the planning and execution of a complicated car transportation process. The automotive logistics market in China encompasses various segments of the supply chain, including transportation, warehousing, distribution, inventory management, and other services. This report provides a comprehensive analysis of the Chinese automotive logistics market, detailing the sector's economic contributions, an overview of the market, size estimations for key segments, emerging trends, market dynamics, and key component flow statistics.

The China Automotive Logistics Market is segmented by service (transportation, warehousing, distribution, and inventory management, and other services) and type (finished vehicle and auto components). The report offers the market size in value terms in USD for all the above mentioned segments.