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.