Automotive Logistics Market Size Report – Growth and Forecast 2028

Logistics have a crucial role in the supply chains of the automotive sector as these companies need to manage daily shipments and manufacturing. Automotive logistics is considered a pillar of vehicle production and distribution of vehicles. Automakers are consistently focused on innovating and optimizing their production logistics to win consumer’s trust. Due to efficiency and cost effectiveness automotive logistics market is foreseen to grow in the coming years.

Even if it may appear similar to others, automotive logistics is still a complex industry having many stages perfectly timed. To achieve this synchrony, modern logistic means should be in place. Right from production, transport, storage, and distribution all elements are crucial in the automotive supply chain.

The automotive logistics market is foreseen to grow from USD 1,97,630 million in 2021 to USD 3,06,121.54 million by the end of 2028. This market is estimated to grow at a CAGR of 6.5% in 2021-2028.

Rising construction projects of marine, trucks, and rail tracks are anticipated to bring an uptake in the automotive logistics market. Transport, warehousing, unloading, and distribution are key operations in automotive logistics. Growing data analytics and technological integration helping companies to create competitive space in the automotive logistics market.

Production logistics, sales logistics, and distribution are foreseen to have a plethora of potential for investors. With greater quality of service and reduced operational cost automotive logistics companies are likely to get high ROIs.