The North America automotive logistics market is expected to grow from US$ 48,567.79 million in 2021 to US$ 71,282.17 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028.
A rise in demand for passenger and commercial vehicles in North America is mainly attributed to the rise in disposable income, and an increase in the number of manufacturing and assembly units in developed countries and developing economies. By adding new features and technologies to their offerings, vendors in the North America automotive logistics market can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the market at a good CAGR during the forecast period.
North America Automotive Logistics Market Revenue and Forecast to 2028 (US$ Million)
North America automotive logistics Market Segmentation
The North America automotive logistics market is segmented on the basis of type, service, sector, and country. Based on type, the market is bifurcated into outsourcing and insourcing. The insourcing segment dominated the North America automotive logistics Market in 2021. Based on service, the North America automotive logistics market is segmented into transportation, warehousing, packaging processes, integrated service, and reverse logistics. The transportation segment dominated the market in 2021. Based on sector, the North America automotive logistics market is segmented into passenger vehicle, commercial vehicle, tire, and component. The component segment dominated the market in 2021. Based on country, the North America automotive logistics market is segmented into the US, Canada, and Mexico. The US segment dominated the market in 2021.
CEVA LOGISTICS AG; DB Schenker; DHL International GmbH; DSV A/S; GEODIS; Kuehne + Nagel International AG; Nippon Express Co., Ltd.; RYDER SYSTEM, INC.; XPO Logistics, Inc; and United Parcel Service of America, Inc. by Altair are among the leading companies in the North America automotive logistics market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 48,567.79 Million |
| Market Size by 2028 | US$ 71,282.17 Million |
| CAGR (2021 - 2028) | 5.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Automotive Logistics Market is valued at US$ 48,567.79 Million in 2021, it is projected to reach US$ 71,282.17 Million by 2028.
As per our report North America Automotive Logistics Market, the market size is valued at US$ 48,567.79 Million in 2021, projecting it to reach US$ 71,282.17 Million by 2028. This translates to a CAGR of approximately 5.6% during the forecast period.
The North America Automotive Logistics Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Automotive Logistics Market report:
The North America Automotive Logistics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Automotive Logistics Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Automotive Logistics Market value chain can benefit from the information contained in a comprehensive market report.
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