The North America Automotive Logistics Market would witness market growth of 7.0% CAGR during the forecast period (2024-2031).
The US market dominated the North America Automotive Logistics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $77,895 million by 2031. The Canada market is experiencing a CAGR of 9.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 8.4% during (2024 - 2031).
As the automotive industry undergoes continual transformation due to technological innovations, shifting consumer preferences, and regulatory changes, the necessity for efficient, cost-effective, and robust logistics solutions has reached unprecedented levels. Automotive logistics encompasses the transportation, warehousing, inventory management, and supply chain coordination required to move raw materials, components, and finished vehicles from manufacturers to dealerships and end customers. In light of the industry's intricacies, automotive logistics encompasses an extensive network of suppliers, manufacturers, logistics providers, and distributors collaborating harmoniously to facilitate seamless operations.
The increasing adoption of digitization, IoT, AI, and blockchain is revolutionizing the automotive logistics industry, enabling real-time data sharing, automated fleet management, and transparent tracking of shipments. Another significant trend influencing the automotive logistics market is the expansion of electric vehicles (EVs) and the associated battery supply chains. As governments push for decarbonization and sustainability, automakers invest heavily in EV production, which requires a specialized logistics infrastructure to transport lithium-ion batteries, charging stations, and EV components.
Mexico is establishing itself as a significant participant in the realm of global automotive logistics, leveraging its robust auto parts manufacturing industry and advantageous geographic positioning. The Mexican Automotive Industry Association (AMIA) highlights that the country ranks among the top auto parts producers and exporters, with the United States as its primary export destination. According to the International Trade Administration (ITA), Mexico is the seventh-largest passenger vehicle manufacturer globally, producing 3.5 million vehicles annually, of which 88% are exported. The country’s growing focus on electric and hybrid vehicle production, which reached 51,065 units in 2022, an 8.5% increase from 2021, is driving the need for advanced logistics solutions to efficiently transport automotive components. Thus, the region will present lucrative growth opportunities for the market throughout the forecast period.
Free Valuable Insights: The Automotive Logistics Market is Predict to reach USD 372.70 Billion by 2031, at a CAGR of 7.7%
Based on Type, the market is segmented into Finished vehicle, and Automobile Parts. Based on Distribution, the market is segmented into Domestic, and International. Based on Activity, the market is segmented into Warehousing, and Transportation (Roadways, Maritime, Railways, and Airways). Based on Solution, the market is segmented into Inbound, Outbound, Reverse, and Other Solution. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Type
By Distribution
By Activity
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By Country
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