North America Automotive Logistics Market Size (2024 - 2029)

North America Automotive Logistics Market Analysis

The North America Automotive Logistics Market size is estimated at USD 81.63 billion in 2024, and is expected to reach USD 107.62 billion by 2029, growing at a CAGR of 5.68% during the forecast period (2024-2029).

North American automotive logistics has rarely been on the verge of much change and opportunity. Yet, as in the broader automotive industry, there are few uncertainties about economic and trade risks, new regulations, consumer behavior, or returns on investment faced by vehicle logistics.

With greater visibility and more flexibility than ever before, the vehicle logistics sector must be able to compete. OEMs, logistics, and technology providers must collaborate to share data, plan, and upgrade technology to keep the supply chain flowing efficiently.

The future of automotive supply chains is vital to logistics service providers in the automotive sector and, at the macro level, whole economies. The nature of global trade and the dynamics of different national economies can be affected by any change in the supply chain structure for vehicles.

An increasing number of vehicle production facilities worldwide compels the growth of the automotive logistics market. In addition, the market growth is expected to accelerate in the coming years due to automobile manufacturers' significant business opportunities for logistics providers. In the post-recession era, emerging economies have seen steady growth, leading to a rise in disposable income for consumers.

North America Automotive Logistics Industry Segmentation

The automotive logistics process involves the planning, implementation, and control of an efficient and effective movement and storage of vehicles, parts, or related materials from origin to consumption point. A complete background analysis of the North American automotive logistics market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact, is covered in the report.

The North American automotive logistics market is segmented by services (transportation, warehousing, distribution, and inventory management, and other services), type (finished vehicle, auto components, and other types), and country (United States, Canada, and Mexico). The report offers market size and forecasts for all the above segments in value (USD).