Market Size of North America Automotive Logistics Industry
| Study Period | 2019 - 2028 |
| Base Year For Estimation | 2021 |
| Market Size (2023) | USD 77.24 Billion |
| Market Size (2028) | USD 101.84 Billion |
| CAGR (2023 - 2028) | 5.68 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Automotive Logistics Market Analysis
The North America Automotive Logistics Market size is expected to grow from USD 77.24 billion in 2023 to USD 101.84 billion by 2028, at a CAGR of 5.68% during the forecast period (2023-2028).
It's the start of a new decade and with it a new era in North American vehicle logistics. Rarely has the industry stood on the cusp of so much change and opportunity. And yet, like the wider automotive industry, rarely has the vehicle logistics sector faced so much uncertainty in economic and trade headwinds, new regulations, consumer behavior, and returns on investment.
To succeed, the vehicle logistics sector needs to move faster, with greater visibility, and more flexibly than ever before. OEMs, logistics, and technology providers will also need to work together more closely than ever to share data, planning, and technology to keep the supply chain flowing efficiently.
The future of automotive supply chains is of importance to both logistics service providers to the automotive sector and, at the macro level, whole economies. Any change in the structure of the automotive supply chain has the power to affect the nature of world trade and the dynamics of numerous national economies.
The rising number of automobile manufacturing plants across the globe is boosting the automotive logistics market growth. Moreover, the automobile manufacturers pose significant business opportunities for automotive logistics providers, which in turn is anticipated to increase the market growth in the near future. Developing economies witnessed a steady growth in the post-recession era, and thus, there was a rise in the disposable incomes of consumers.
