The finished vehicles logistics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Finished Vehicles Logistics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The finished vehicles logistics market size has grown strongly in recent years. It will grow from $153.33 billion in 2023 to $162.32 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to urbanization, increase in number of dealerships, government policies, growth in car-sharing and ride-hailing services, and increase in old chain logistics.
The finished vehicles logistics market size is expected to see strong growth in the next few years. It will grow to $204.68 billion in 2028 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to focusing on reducing logistics costs, rising consumer expectations, efficient inventory management practices, effective insurance, and risk management solutions. Major trends in the forecast period include advancements in fleet management technologies, adoption of digital technologies, development of autonomous trucks, advancements in last-mile delivery solutions, and utilization of data analytics.
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Scope Of Finished Vehicles Logistics Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Finished Vehicles Logistics Market Overview
Market Drivers –
The rise in the production of automobiles is expected to propel the growth of the finished vehicle logistics market going forward. Automobile production is rising due to increasing global demand for vehicles, advancements in automotive technology, and expanding economies, particularly in emerging markets. The production of automobiles supports the finished vehicles logistics market by generating a steady and increasing supply of vehicles that need to be transported, stored, and delivered to dealerships and customers, thereby driving demand for logistics services and infrastructure. For instance, in January 2024, according to the Society of Motor Manufacturers and Traders, a UK-based organization, UK vehicle production reached 1,025,474 units in 2023. This includes 905,117 cars and 120,357 commercial vehicles (CVs), a 17.0% increase from the previous year. Therefore, the rise in the production of automobiles is driving the growth of the finished vehicle logistics market.
Market Trends –
Major companies operating in the finished vehicles logistics market are adopting strategic partnerships approach to develop advanced logistics solutions. Strategic alliances help finished vehicle logistics companies combine resources and expertise, enhance research and development capabilities, expand market reach, and accelerate commercialization, ultimately driving innovation and growth in the finished vehicle logistics industry. For instance, in July 2024, CEVA Logistics, a France-based logistics company, partnered with Almajdouie Logistics, a Saudi Arabia-based logistics service company. The joint venture aims to provide comprehensive end-to-end logistics services, which are crucial for the automotive industry. With combining CEVA’s global network with Almajdouie’s local expertise, the partnership can offer tailored solutions that streamline the movement of finished vehicles from manufacturers to dealerships and customers across Saudi Arabia and beyond.
The finished vehicles logistics market covered in this report is segmented –
1) By Service: Transportation, Warehousing, Distribution, Value-Added Services, Other Services
2) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
3) By Distribution Channel: Economy, Luxury
4) By End-Use: Original Equipment Manufacturers (OEMs), Dealerships, Other End-Uses
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Regional Insights –
North America was the largest region in the finished vehicles logistics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the finished vehicles logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the finished vehicles logistics market are United Parcel Service Inc., CEVA Logistics, DHL Supply Chain, Mediterranean Shipping Company S.A., A.P. Moller – Maersk A/S, DSV A/S, Kühne + Nagel International AG, Schenker AG, Hyundai Glovis Co. Ltd., Nippon Express Co. Ltd., Nippon Yusen Kabushiki Kaisha, Geodis SA, Mitsui O.S.K. Lines, Expeditors International of Washington Inc., XPO Inc., Sankyu Inc., GEFCO S.A., Crowley Maritime Corporation, Yusen Logistics Co. Ltd., BLG Logistics Group AG & Co. KG, Acertus, ARS Altmann AG, Omsan Lojistik A/S, Groupe Charles André
Table of Contents
1. Executive Summary
2. Finished Vehicles Logistics Market Report Structure
3. Finished Vehicles Logistics Market Trends And Strategies
4. Finished Vehicles Logistics Market – Macro Economic Scenario
5. Finished Vehicles Logistics Market Size And Growth
…..
27. Finished Vehicles Logistics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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