An automotive logistics is made up of all the organizations and the individuals who are involved in the manufacture of the goods from products to be finished goods. The storage, shipment, conveyance, delivery services and the commercial shopping all come under the same class of logistics. Automotive logistics is a meticulous strategy and the implementation of a complex car transportation method.
The North America automotive logistics market was valued at US$ 66.37 Bn in 2021 and is forecast to reach a value of US$ 113.69 Bn by 2030 at a CAGR of 6.1% between 2022 and 2030.
Figure 1: North America Automotive Logistics Market Value (US$ Bn) Analysis and Forecast, 2017 - 2030
U.S. held a dominant position in the North America Automotive Logistics Market in 2021
U.S. held a dominant position in the North America Automotive Logistics Market in 2021.
Figure 2: North America Automotive Logistics Market Share (%), By Region, 2021
In August 2018, DB Schenker increased its logistics center in Malaysia and has approved tow services in the Shah Alam Malaysia. The 224,000 square foot facility is located in the port of PTP free trade zone which provides the clients with the supply, warehousing, and the temperature regulated and the ambient storage and the value added facilities. The center has a storage capacity of 27,000 pallet.
In February 2018, DB Schenker plots an idea to execute the creative solutions and methods in the automotive segment to match up with the increasing need. This will note the novel growth and the developments made in the automotive section comprising 3D printing utilized to manufacture or make the replacement parts and any more.
|Base Year:||2021||Market Size in 2021:||US$ 66.37 Bn|
|Historical Data for:||2017 to 2020||Forecast Period:||2022 to 2030|
|Forecast Period 2022 to 2030 CAGR:||6.1 %||2030 Value Projection:||US$ 113.69 Bn|
Ceva Logistics Ag, Kuehne + Nagel International Ag, Dhl International Gmbh (Deutsche Post Ag), Ryder System, Inc., United Parcel Service, Inc., Db Schenker (Deutsche Bahn Ag), Xpo Logistics, Inc., Dsv A/S, Nippon Express Co., Ltd. and Geodis.
|Restraints & Challenges:||
The automotive industry is facing the notable need for the automotive, which is very stressful for the manufacturers of the producers of the automotive to deliver the needed amount of the vehicles. Anyhow, the performance of the automotive producers is still constant and stable in the last two years. The rise in the need for passengers and the trading automobiles is anticipated to fuel the growth of the North America automotive logistics market.
The developing economies advocated a constant development in the post-recession era, and hence, there was a development in the disposable incomes of the consumers. In the western regions, a rising need for the commercial automotive is advocated, which is caused to the regions to face the rise in count of the commercial vehicle production units or the assembly units.
Any of the supply chain in the market is always prejudiced by several external factors and reasons comprising of the fluctuations in the costs of fuel, the buyer or the supplier relationships, consumer behavior and the partner ecosystem. Designing and the planning supply chains for their consumers comprise of the consistent co-ordination with other works.
The harmonic relations in between the partners who are trading is very essential for the smooth operations totally. Even with the strength of the business advantages that are provided by the automotive logistics industries for the supply chain management which is anticipated to hinder the growth of the North America automotive logistics market.
The notable rise in the automotive production within the areas of the sales and the export of the automotive is fueling the growth of the North American automotive logistics market along with the expenditure in the automotive industry which is anticipated to provide lucrative opportunities to the market.
United States being very notable automotive production region in the North American region that is manufacturing 11.31 million automotive in 2018, which showcases the need for the automotive logistics in the region. US automakers export their automotive to various regions over the globe.
Market Key Takeaways/Trends:
The automotive industry is developing notably attributing to the rising need for the automobiles and the automotive / vehicle compounds and parts over globally. The North America automotive logistics market is anticipated to witness lucrative trends in the future with a rising demand in the automotive. Anyhow, the combination of the advanced technologies would boost the business of the logistics industries transporting the automotive and the automobiles.
Cloud technology is one of the main major technologies which is anticipated or expected to furnish the logistics industries in the upcoming years such as better customer experience with the speed, lower prices and the capacity to track and trace the goods. Cloud technology provides the logistics service providers to regulate their business effectively, permitting the continuous interaction with the producers and the consumers.
Major companies involved in the North America automotive logistics market are Ceva Logistics Ag, Kuehne + Nagel International Ag, Dhl International Gmbh (Deutsche Post Ag), Ryder System, Inc., United Parcel Service, Inc., Db Schenker (Deutsche Bahn Ag), Xpo Logistics, Inc., Dsv A/S, Nippon Express Co., Ltd. and Geodis.
Various components of the supply chain management in the automotive and the manufacturing organizations and vitality to its sustainability and it may be tweaked to the accurately perfect accommodation for the requirements. Technology integration, collecting the data, recognizing the data and making thorough logistical plants are just few of them.
Various automobile producers have set up their assembly lines in several regions in the various continents to cater the requirements in the respective and specific country and region easily. Various developing and growing regions globally are facing a rising count of automobiles assembly units.
Privacy of the sensitive and the confidential data is one of the main and the primary factor for the sluggish acceptance and the grants of the technology in the automotive industry which is anticipated to hinder the growth of the North America automotive logistics market.
The collaboration is the catalyzing factor in the growth of the automotive logistics in the North American region. The continual development in the need for the automobiles is anticipated to make the lucrative business opportunities for the key players involved in the North America automotive logistics market.
Key features of the study: