The North America automotive logistics market comprises distribution channels,
warehousing, and transportation activities undertaken to efficiently deliver
original equipment manufacturer (OEM) parts, vehicles, and components between
suppliers, manufacturers, dealers, and customers. Automotive logistics helps in
coordinating an extensive and intricate supply chain that supports production,
distribution, and sales of various automobile parts and vehicles.
The global
North America Automotive Logistics Market is estimated to be valued at US$ 86.07 Bn in 2024 and is expected to exhibit a CAGR of 7.4% over the forecast period
2024 to 2031, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The increasing demand for electric and self-driving vehicles is expected to
drive the growth of the North America automotive logistics market over the
forecast period. Consumers are showing high interest in electric vehicles due
to increasing environmental concerns and fluctuating fuel prices. Moreover,
autonomous vehicles require advanced technologies and components that add
complexity in supply chain and logistics operations. This is anticipated to
boost the coordination between OEMs and logistics companies to ensure smooth
delivery of parts and vehicles.
Segment Analysis
The North America automotive logistics market is dominated by the passenger
vehicles segment which accounted for over 60% share of the total market in
2024. The passenger vehicles segment includes logistics of light commercial vehicles
as well as personal vehicles. The dominating nature of this segment can be
attributed to high demand for personal vehicles owing to increased disposable
incomes and preference for personal mobility over public transportation in the
region.
Key Takeaways
North
America Automotive Logistics Market Size is expected to witness
high growth over the forecast period. The global North America Automotive
Logistics Market is estimated to be valued at US$ 86.07 Bn in 2024 and is
expected to exhibit a CAGR of 7.4% over
the forecast period 2024 to 2031.
Regional
analysis related content comprises: The United States dominates the North
America Automotive Logistics Market with over 70% share due to strong domestic
automotive production and sales. The country is expected to maintain its
dominance over the forecast period supported by high demand from key consuming
regions and strong domestic automotive production.
Key players related content comprises: Key players operating in the North
America Automotive Logistics Market are Diageo, William Grant & Sons,
Castle Brand, Jameson Irish whiskey, and The Old Bushmills Distillery Co.
Get More Insights On This Topic: https://www.newsstatix.com/the-north-america-automotive-logistics-market-is-driven-by-growing-automotive-production/
Explore More
Related Article: https://masstamilan.tv/recombinant-protein-the-future-of-biomanufacturing/