How large is the finished vehicles logistics market, and what is its growth trajectory?
The finished vehicles logistics market size has grown strongly in recent years. It will grow from $162.32 $ billion in 2024 to $172.3 $ billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. 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 $216.48 $ billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. 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.
Get Your Free Sample of The Global Finished Vehicles Logistics Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19436&type=smp
What are the key forces behind the finished vehicles logistics market’s growth in recent years?
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.
What are the major segments of the finished vehicles logistics market?
The finished vehicles logisticsmarket 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
Subsegments:
1) By Transportation: Road Transport, Rail Transport, Sea Freight, Air Freight, Inland Waterways Transport, Specialized Vehicle Transport
2) By Warehousing: Vehicle Storage And Staging, Pre-Delivery Inspections And Modifications, Parts And Accessories Storage, Vehicle Maintenance And Servicing, Inventory Management, Climate-Controlled Warehousing For Sensitive Vehicles
3) By Distribution: Dealer Network Distribution, Direct-To-Customer Delivery, Regional And International Distribution, Transit Handling And Distribution Management, Delivery Scheduling And Route Optimization
4) By Value-Added Services: Vehicle Customization And Upfitting, Vehicle Inspection And Quality Checks, Packaging And Labelling, Documentation And Compliance Services, Tracking And Monitoring Services, Reverse Logistics
5) By Other Services: Fleet Management Services, Insurance And Risk Management, Customs And Import Or Export Services, Supply Chain Management And Optimization, After-Sales Support And Spare Parts Delivery
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/finished-vehicles-logistics-global-market-report
Which companies dominate the finished vehicles logistics market?
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
What major trends will shape the finished vehicles logistics market during the forecast period?
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.
What are the key regional dynamics of the finished vehicles logistics market, and which region leads in market share?
North America was the largest region in the finished vehicles logistics market in 2024. 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.
What Does The Finished Vehicles Logistics Market Report 2025 Offer?
The finished vehicles logistics market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Finished vehicles logistics refer to the transportation and management of fully assembled vehicles from the manufacturing plant to various distribution points, dealerships, or directly to customers. This includes coordinating shipping methods, handling customs procedures, and ensuring timely and safe delivery. It helps to optimize supply chains and improve overall vehicle distribution.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19436
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
