Finished Vehicles Logistics Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 142.89 Billion |
| Market Size (2029) | USD 172.13 Billion |
| CAGR (2024 - 2029) | > 3.79 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Finished Vehicles Logistics Market Analysis
The Finished Vehicles Logistics Market size is estimated at USD 142.89 billion in 2024, and is expected to reach USD 172.13 billion by 2029, at a CAGR of greater than 3.79% during the forecast period (2024-2029).
The finished vehicles logistics market is a critical component of the global automotive supply chain, responsible for the seamless transportation of vehicles from manufacturing hubs to end consumers. In 2024, the market is witnessing significant evolution driven by advancements in technology, stricter environmental regulations, and changing customer expectations, creating opportunities and challenges for stakeholders.
One prominent trend shaping the market is the increasing adoption of electric and alternative fuel-powered trucks. For instance, CEVA Logistics announced a partnership with BYD in September 2024 to incorporate four BYD ETH8 electric trucks into its European operations by January 2025. These vehicles, designed with advanced technology, support a range of 250 km and feature fast-charging capabilities, aligning with CEVA’s broader goal to achieve net zero emissions by 2050. Such initiatives underscore the push toward decarbonizing logistics operations while maintaining efficiency.
Additionally, there is a growing emphasis on multimodal transportation to optimize logistics efficiency and sustainability. BMW has adopted electric trucks for its Leipzig facility as part of its “Green Transport Logistics Project,” demonstrating the integration of road and rail systems to reduce emissions. These trucks cover approximately 100 km daily, highlighting how companies are embracing multimodal strategies to meet regulatory demands and minimize environmental impact. Furthermore, logistics companies are leveraging technology like digital twins and telematics to enhance vehicle tracking and operational efficiency. At the 2024 IAA Transportation event, such innovations were showcased as vital tools to navigate the complexities of modern logistics networks.
Finished Vehicles Logistics Market Trends
North America Finished Vehicle Sales Boom Driving Logistics Investments
In 2024, a surge in vehicle sales is propelling the North American finished vehicle logistics market. This upswing is prompting substantial investments in transport infrastructure and logistics solutions, especially in the U.S., Mexico, and Canada. In response to this demand, manufacturers and service providers are fine-tuning their networks to guarantee timely deliveries throughout the region.
Highlighting this trend, United Road expanded its operations in May 2024, capitalizing on its vast North American network to boost service speed and efficiency. This move underscores the growing demand for robust transport systems. In a parallel development, Jack Cooper, a key player in logistics, broadened its footprint in Mexico by launching five new locations and welcoming 12 new customers in 2024. This expansion underscores the pivotal significance of Mexico's burgeoning automotive sector in the broader regional logistics framework.
Furthermore, regional OEMs are gravitating towards collaborative logistics models.For instance, General Motors teamed up with North American logistics providers in 2024, streamlining its supply chain routes, which led to cost reductions and enhanced delivery timelines. Such initiatives are bolstered by cutting-edge technologies like AI-driven route optimization and digital twins, which are swiftly becoming staples in contemporary logistics. These trends highlight North America's evolving logistics landscape, marked by a keen emphasis on both scalability and technological integration.
Growth in Warehousing and Manufacturing Logistics Across the Globe
Across the globe, the logistics market for finished vehicles is witnessing a significant transformation. Manufacturers and logistics providers are channeling substantial investments into advanced warehousing and manufacturing support systems. This shift is primarily driven by a rising demand for efficient vehicle storage, enhanced inventory management, and a concerted effort to minimize environmental impact.
Highlighting this trend, BMW has rolled out a 2024 initiative aimed at weaving automation and sustainability into its global logistics framework. By deploying automated storage and retrieval systems across multiple facilities, BMW has not only boosted efficiency but also made strides towards its carbon neutrality objectives. These upgraded warehouses play a pivotal role in BMW's overarching strategy to revamp its global logistics operations.
Moreover, logistics companies are increasingly turning to green solutions to bolster their warehousing activities. A case in point is Vascor, which, in mid-2024, unveiled electric shuttle systems for landside logistics. This move not only curtails emissions but also bolsters sustainability efforts at manufacturing hubs, echoing the industry's broader commitment to eco-friendly warehouse practices.
Further underscoring this trend, global giants like CEVA Logistics are championing multimodal warehousing strategies, seamlessly integrating road, rail, and maritime transport hubs. CEVA's strategic emphasis on embedding AI and IoT technologies into its warehouse management systems has been instrumental in slashing storage durations and achieving meticulous inventory tracking. Such initiatives underscore the growing significance of warehousing and manufacturing logistics as pivotal drivers of operational efficiency in the finished vehicle supply chain.
Finished Vehicles Logistics Industry Overview
Because the market is extremely competitive and fragmented, players in the Finished Vehicles Logistics Market do not have a significant market share. Several firms are merging and acquiring to extend their geographical footprint and proprietary information. For instance, in October 2022, DFDS and Ekol Logistics, a major Turkish logistics firm, began discussions about acquiring Ekol Logistics' international road haulage operations. A combination of ferry and logistics services in the Mediterranean network would mimic DFDS' successful economic model in Northern Europe.
Some of the major players are MetroGistics LLC, Nippon Express Holdings Inc., Omsan Logistics, ARS Altmann, and CargoTel Inc.
Finished Vehicles Logistics Market Leaders
-
MetroGistics LLC
-
Nippon Express Holdings Inc
-
Omsan Logistics
-
ARS Altmann
-
CargoTel Inc.
*Disclaimer: Major Players sorted in no particular order
Finished Vehicles Logistics Market News
- October 2024: Volkswagen de Mexico is prioritizing electric vehicle (EV) production in North America. The company is also enhancing its logistics operations through the implementation of artificial intelligence (AI) and predictive analytics. By integrating both inbound and outbound logistics, Volkswagen de Mexico aims to create a more resilient and efficient supply chain.
- September 2024: In Canada, BMW is targeting a substantial increase in its electric vehicle (EV) deliveries this year. The BMW Group has successfully delivered over 2 million EVs to its customers, including over 1 million battery electric vehicles (BEVs). The manufacturer maintains a more optimistic outlook than some competitors, particularly with a 2024 line-up featuring over 15 BEV models across all its brands.
Finished Vehicles Logistics Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Dynamics
4.2.1 Market Drivers
4.2.1.1 Growing Vehicle Sales in Emerging Markets
4.2.1.2 Technological Advancements in Logistics Operations
4.2.2 Market Restraints
4.2.2.1 Driver Shortages and High Labour Costs
4.2.2.2 Rising Fuel Costs and Regulatory Challenges
4.2.3 Market Opportunities
4.2.3.1 Expansion of Multimodal Logistics Solutions
4.3 Value Chain / Supply Chain Analysis
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
4.5 Government Regulations and Initiatives
4.6 Supply Chain/Value Chain Analysis
4.7 Insights into Technological Innovation in the Events Logistics Sector
4.8 Impact of Geopolitics and Pandemic on the Market
5. MARKET SEGMENTATION
5.1 By Activity
5.1.1 Transport (Rail, Road, Air, Sea)
5.1.2 Warehouse
5.1.3 Value-added Services
5.2 By Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 France
5.2.2.3 United Kingdom
5.2.2.4 Italy
5.2.2.5 Spain
5.2.2.6 Russia
5.2.2.7 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Bangladesh
5.2.3.5 Turkey
5.2.3.6 South Korea
5.2.3.7 Australia
5.2.3.8 Indonesia
5.2.3.9 Rest of Asia-Pacific
5.2.4 Middle East & Africa
5.2.4.1 Egypt
5.2.4.2 South Africa
5.2.4.3 Saudi Arabia
5.2.4.4 Rest of Middle East & Africa
5.2.5 South America
5.2.5.1 Brazil
5.2.5.2 Argentina
5.2.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Analysis
6.2 Company Profiles
6.2.1 MetroGistics LLC
6.2.2 Nippon Express Holdings Inc
6.2.3 Omsan Logistics
6.2.4 CargoTel Inc.
6.2.5 ARS Altmann
6.2.6 CMA CGM S.A
6.2.7 Pound Gates Vehicle Management Services Ltd.
6.2.8 CEVA Logistics
6.2.9 Penske Corporation
6.2.10 XPO Logistics*
- *List Not Exhaustive
6.3 Other Companies
7. FUTURE OUTLOOK OF THE MARKET
8. APPENDIX
8.1 Macroeconomic Indicators (GDP Distribution, by Activity)
8.2 Economic Statistics - Transport and Storage Sector Contribution to the Economy
8.3 External Trade Statistics - Export and Import, by Product
Finished Vehicles Logistics Industry Segmentation
The actions involved in the movement of a vehicle from the moment it leaves the OEM assembly line until it reaches the dealer or final client are referred to as finished vehicle logistics. The transportation industry's finished vehicle logistics are a highly specialized field.
The Finished Vehicles Logistics Market is segmented by Activity (Transport (Rail, Road, Air, Sea), Warehouse, Value-Added Services), and by Geography (North America, Asia-Pacific, Europe, the Middle East and Africa, and South America). The report offers market size and forecast values (in USD billions) for all the above segments. The report also covers the impact of COVID-19 on the market.
| By Activity | |
| Transport (Rail, Road, Air, Sea) | |
| Warehouse | |
| Value-added Services |
| By Geography | |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
|
Finished Vehicles Logistics Market Research FAQs
How big is the Finished Vehicles Logistics Market?
The Finished Vehicles Logistics Market size is expected to reach USD 142.89 billion in 2024 and grow at a CAGR of greater than 3.79% to reach USD 172.13 billion by 2029.
What is the current Finished Vehicles Logistics Market size?
In 2024, the Finished Vehicles Logistics Market size is expected to reach USD 142.89 billion.
Who are the key players in Finished Vehicles Logistics Market?
MetroGistics LLC, Nippon Express Holdings Inc, Omsan Logistics, ARS Altmann and CargoTel Inc. are the major companies operating in the Finished Vehicles Logistics Market.
Which is the fastest growing region in Finished Vehicles Logistics Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Finished Vehicles Logistics Market?
In 2024, the Europe accounts for the largest market share in Finished Vehicles Logistics Market.
What years does this Finished Vehicles Logistics Market cover, and what was the market size in 2023?
In 2023, the Finished Vehicles Logistics Market size was estimated at USD 137.47 billion. The report covers the Finished Vehicles Logistics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Finished Vehicles Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Finished Vehicles Logistics Industry Report
Statistics for the 2024 Finished Vehicles Logistics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Finished Vehicles Logistics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Finished Vehicles Logistics Market Report Snapshots
