North America Automotive Logistics Market Recent Study Segments, Future Growth, Business Prospects by 2028

According to a new market research study on “North America Automotive Logistics Market to 2028 – COVID-19 Impact Analysis and Forecast by Component, by Type, Services, Sector, and Country” is expected to reach US$ 71,282.17 million by 2028 from US$ 48,567.79 million in 2021. The market is estimated to grow at a CAGR of 5.6% from 2021 to 2028. The report provides trends prevailing in the North America automotive logistics Market along with the drivers and restraints pertaining to the market growth. Increasing number of automobile manufacturing units in North America is stimulating the automotive logistics market growth and growing partnerships among automobile manufacturers logistics partners are the major factor driving the growth of the North America automotive logistics Market. However, complicated nature of supply chain business hinders the growth of North America automotive logistics Market.    

Download Sample PDF Copy: https://www.businessmarketinsights.com/sample/TIPRE00005754

The List of Companies 

  • 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.
  • United Parcel Service of America, Inc.

North America Automotive Logistics Market Overview

The increasing demand for passenger and commercial vehicles in North America is primarily driven by rising disposable incomes and the growing number of manufacturing and assembly units in both developed and developing economies. To capitalize on this growth, vendors in the North American automotive logistics market are introducing new features and technologies to enhance their offerings. This strategic expansion is expected to drive market growth at a strong CAGR during the forecast period.

Market Revenue and Forecast to 2028 (US$ Million)

Market Segmentation

The North America automotive logistics market is segmented based on type, service, sector, and country:

  • By Type: The market is categorized into outsourcing and insourcing. The insourcing segment dominated the market in 2021.
  • By Service: The market is divided into transportation, warehousing, packaging processes, integrated services, and reverse logistics. Transportation was the leading segment in 2021.
  • By Sector: The market includes passenger vehicles, commercial vehicles, tires, and components. The component segment held the largest market share in 2021.
  • By Country: The market is analyzed across the US, Canada, and Mexico, with the US segment leading in 2021.

Similarly, in 2020, the insourcing segment held the dominant position in the market based on type, while transportation led among services. The component segment remained the largest under the sector category, and the US was the top-performing country in the North America automotive logistics market.

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About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights

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