NEW
YORK, June 18, 2024 /PRNewswire/ -- The
global finished vehicles logistics market size is
estimated to grow by USD 20.6 billion
from 2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of almost 4.2% during the forecast
period. Growing automotive industry is driving market
growth, with a trend towards increased sales of electric
vehicles. However, shortage of truck drivers poses a
challenge. Key market players include ACERTUS, AP Moller Maersk AS,
ARS Altmann AG, BERGE INFRAESTRUCTURAS Y SERVICIOS LOGISTICOS SL,
CargoTel Inc., CMA CGM SA Group, Deutsche Post AG, DP World, DSV
AS, Ekol Lojistik AS, Hellmann Worldwide Logistics SE and Co KG,
Jack Cooper Investments Inc., Koopman Logistics Group BV, Kuehne
Nagel Management AG, NFI Industries Inc., Nippon Express Holdings
Inc., Omsan Lojistik AS, Ryder System Inc., Schnellecke Group AG
and Co. KG, SNCF Group., United Parcel Service Inc., and XPO
Inc..
Get a detailed analysis on regions, market segments, customer
landscape, and companies- View the snapshot of this report
Finished Vehicles
Logistics Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
4.2%
|
Market growth
2024-2028
|
USD 20.6
billion
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
3.99
|
Regional
analysis
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 53%
|
Key
countries
|
China, US, Japan,
India, and Germany
|
Key companies
profiled
|
ACERTUS, AP Moller
Maersk AS, ARS Altmann AG, BERGE INFRAESTRUCTURAS Y SERVICIOS
LOGISTICOS SL, CargoTel Inc., CMA CGM SA Group, Deutsche Post AG,
DP World, DSV AS, Ekol Lojistik AS, Hellmann Worldwide Logistics SE
and Co KG, Jack Cooper Investments Inc., Koopman Logistics Group
BV, Kuehne Nagel Management AG, NFI Industries Inc., Nippon Express
Holdings Inc., Omsan Lojistik AS, Ryder System Inc., Schnellecke
Group AG and Co. KG, SNCF Group., United Parcel Service Inc., and
XPO Inc.
|
Market Driver
The global shift towards electric vehicles (EVs) is driving
growth in the finished vehicles logistics market. With increasing
sales of EVs, particularly light-duty vehicles, buses, and smaller
vehicles, there is a rising demand for efficient logistics
solutions. Major automakers are investing heavily in transportation
electrification, committing over USD140
billion in 2022. Consumers are drawn to EVs for their
cost-effectiveness and reduced environmental impact, leading to
increased production and export. This trend is expected to
continue, necessitating advanced logistics capabilities to meet
demand during the forecast period.
The Finished Vehicles Logistics Market is experiencing
significant trends with the increasing demand for efficient and
cost-effective transportation solutions. Technologies like tracking
and traceability systems are gaining popularity to ensure timely
delivery and reduce the risk of vehicle damage. Blockchain
technology is also being explored for secure and transparent
transactions. The use of alternative fuels and electric vehicles is
increasing, leading to the need for specialized logistics
solutions. Additionally, there is a growing focus on sustainability
and reducing carbon footprint in the industry. The market is
expected to continue growing with these trends shaping the future
of finished vehicles logistics.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
• The global
finished vehicles logistics market faces a significant challenge
due to the shortage of truck drivers. This issue is primarily
caused by low remunerations in many urban and semi-urban markets,
leading to an aging workforce and a limited number of new entrants.
The American Trucking Association reported a record shortage of
80,000 drivers in 2021, with potential growth to 160,000 by 2030.
Walmart addressed this issue by offering first-year salaries of
USD110,000 to its private fleet
drivers. The lack of adequate pay and long working hours negatively
impact drivers' health and productivity, leading to potential
accidents and delays in order fulfillment. These factors can
ultimately restrict the growth of the finished vehicles logistics
market.
• The Finished
Vehicles Logistics Market faces several challenges in the
transportation of vehicles from manufacturers to dealers and
customers. These challenges include the need for secure and
efficient handling of vehicles, timely delivery, and compliance
with regulations such as customs and documentation requirements.
Additionally, the increasing use of technology in logistics, such
as real-time tracking and automation, presents both opportunities
and challenges for market players. The complex nature of
international trade, including different regulations and taxes in
various countries, adds to the complexity of the market. Effective
management of these challenges is crucial for companies to remain
competitive in the Finished Vehicles Logistics Market.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This finished vehicles logistics market report extensively
covers market segmentation by
- Type
- 1.1 Road
- 1.2 Rail
- 1.3 Sea
- 1.4 Air
- Service
- 2.1 Warehousing
- 2.2 Transport
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Road- The Finished Vehicles Logistics Market
involves the transportation and storage of completed vehicles from
manufacturers to dealerships and end customers. This market is
driven by factors such as increasing vehicle production and sales,
globalization, and the growing preference for just-in-time
delivery. Logistics providers offer services including ocean and
air freight, inland transportation, and warehousing to facilitate
the efficient movement of finished vehicles. Effective logistics
solutions help reduce transportation costs, improve delivery times,
and ensure vehicle quality and safety.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Finished Vehicles Logistics Market in the auto industry
plays a crucial role in the transportation and delivery of
manufactured cars from manufacturing facilities to dealer
showrooms. This process involves various logistics solutions,
including GPS tracking and free trade agreements, which facilitate
the smooth movement of vehicles across economies. The
implementation of advanced technologies such as distributed control
systems, programmable logic controllers, I/O modules, and
industrial networking in manufacturing facilities enhances the
efficiency and sustainability of car production. Additionally, the
integration of data interchange and robots in the logistics process
ensures transparency and reduces the carbon footprint. The
electrical industry also contributes significantly to the logistics
of finished vehicles through the development of Power grid
projects. The use of alternative fuel vehicles and the adoption of
blockchain technology further enhance the efficiency and
sustainability of the Finished Vehicles Logistics Market.
Market Research Overview
The Finished Vehicles Logistics Market encompasses the
transportation and storage of new and used vehicles from
manufacturing sites to dealerships and customers. This market is
driven by the increasing production of vehicles and the growing
demand for efficient and reliable logistics solutions. The market
is segmented based on vehicle type, logistics services, and
regions. Vehicle types include passenger cars and commercial
vehicles, while logistics services include inland transportation,
ocean freight, air freight, and value-added services. The market is
expected to grow due to factors such as increasing globalization,
rising demand for just-in-time delivery, and the increasing
adoption of technology in logistics operations. The market faces
challenges such as fluctuating fuel prices, increasing competition,
and regulatory compliance. The market is expected to continue its
growth trajectory in the coming years.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Service
-
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio