The North America automotive logistics market encompasses transportation, warehousing, packaging, and integrated services for both inbound and outbound automobile supply chain operations. These services are deployed for transportation of raw materials, auto parts, work-in-progress inventory, and finished vehicles. The market players coordinate with automobile manufacturers as well as suppliers and dealers to facilitate smooth distribution and delivery operations.
The global North America Automotive Logistics Market is estimated to be valued at US$ 74.71 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: Rising automobile production in North America presents a major market opportunity for automotive logistics providers. According to MarkLines, light vehicle production in North America has grown consistently over the last few years, reaching around 17 million units in 2022. Growing demand for passenger and commercial vehicles across the US and Canada is driving increased production levels. As automakers ramp up production capacities to meet market needs, demand for integrated logistics services will increase proportionally to facilitate efficient inward and outward movement of vehicles and components. Automotive logistics players can leverage this opportunity by partnering with leading OEMs and expanding their service networks across major manufacturing facilities in the region. They can also provide value-added services like supply chain visibility and analytics to help automakers optimize inventory and operations. Porter's Analysis Threat of new entrants: The North America automotive logistics market has moderate threat of new entrants due to high fixed costs involved in delivery network and warehousing facilities. Bargaining power of buyers: Automotive manufacturers have high bargaining power over logistics services firms due to their large order volumes. Bargaining power of suppliers: Shipping companies and freight forwarders have low to moderate bargaining power due to presence of many logistics service providers. Threat of new substitutes: Alternate transport modes exist as substitutes but road freight remains primary mode for dedicated automotive logistics. Competitive rivalry: The market has high competition due to presence of major international players. SWOT Analysis Strengths: Established logistics networks, technology leadership of major players, scale of operations. Weaknesses: Rising operating costs, vulnerability to economic cycles, shortage of skilled drivers. Opportunities: Growth of e-commerce vehicles sales, emerging autonomous vehicles, rising automobile production. Threats: Trade wars, stricter emission regulations, congested transport infrastructure. Key Takeaways The North America Automotive Logistics Market Size is expected to witness high growth with a CAGR of 6.1% during the forecast period of 2023-2030.The market size for 2023 is US$ 74.71 Bn. The US dominates the market with over 80% share due to the large automobile production in the region. Canada and Mexico are other major countries contributing to growth. Key players related content: Key players operating in the North America automotive logistics market are Ceva Logistics Ag, Kuehne + Nagel International Ag, Dhl International Gmbh (Deutsche Post Ag), Ryder System, Inc., United Parcel Service, Inc., Db Schenker (Deutsche Bahn Ag), Xpo Logistics, Inc., Dsv A/S, Nippon Express Co., Ltd. Major players are focusing on new technologies to enhance logistics operations and customer services. Get more insights on this topic: https://www.marketwebjournal.com/north-america-automotive-logistics-market-size-analysis/
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