China Automotive Logistics Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 52.58 Billion |
| Market Size (2029) | USD 70.22 Billion |
| CAGR (2024 - 2029) | 5.96 % |
| Market Concentration | Low |
Major Players.webp "China Automotive Logistics Market Major Players")
*Disclaimer: Major Players sorted in no particular order |
China Automotive Logistics Market Analysis
The China Automotive Logistics Market size is estimated at USD 52.58 billion in 2024, and is expected to reach USD 70.22 billion by 2029, growing at a CAGR of 5.96% during the forecast period (2024-2029).
The COVID-19 pandemic brought significant changes in the automotive industry in China. Preliminary data from the China Passenger Car Association (CPCA) finds that passenger car sales dipped 80% during the pandemic. This negatively impacted the automotive logistics market. However, the Chinese government has taken steps to bounce back automobile consumption. These steps include providing fiscal and taxation support, speeding up the elimination of obsolete diesel trucks, and optimizing second-hand vehicle trading channels. Such initiatives will keep the market afloat.
China continues to be the world’s largest vehicle market by both annual sales and manufacturing output, with domestic production expected to reach 35 million vehicles by 2025. In addition, Chinese automobile sales overseas have witnessed significant growth over the years, supported by surging global interest in electric vehicles, further creating the opportunity for China to emerge as the leading global supplier, surpassing Japan. Also, Chinese automobiles carry a competitive advantage in overseas markets. For instance, in the United Kingdom, the Volkswagen ID.3 has a starting price of more than USD 47,600, whereas the China brand MG 4 is SAIC's latest compact electric car, with a starting price of less than USD 34,700, which further results in sales growth across other regions. This growing automotive sector, increasing vehicle sales, and exports are expected to drive the country's automotive logistics market.
China Automotive Logistics Market Trends
Chinese Investment in NEVs (New Energy Vehicles) Driving the Market Growth
In Q1 2023, China surpassed Japan to become the world’s largest exporter of automobiles. In addition, the outbreak of war in Russia further fueled the exports of automobiles from China. Official Chinese statistics reveal that China’s exports of automobiles and automobile parts to Russia more than doubled in the first four months of 2023, compared to the previous year, amounting to USD 6.1 billion. In addition, according to China's Association of Automobile Manufacturers (CAAM) data, Russia was the largest destination for China’s automotive exports in the last quarter. A significant portion of automobile exports in China consists of new energy vehicles, primarily electric vehicles (EVs). In Q1 2023, China emerged as the world’s largest exporter of electric cars. As per the International Energy Agency (IEA), approximately 35% of globally exported electric vehicles in 2022 originated from China, when compared to 25% in 2021.
In addition, as per CAAM data, in Q1 2023, China exported more than 335,000 new energy passenger vehicles (including plug-in hybrid electric vehicles), more than double the figure for the same period in 2022. In addition, the volume of new energy passenger vehicles accounted for around 30% of its total passenger vehicle exports from Q1 2023. Despite limited visibility across developed nations, China emerged as a potential electric vehicle manufacturer, which was supported by policies and the active participation of Chinese companies in recent years. Moreover, in April 2023, a Chinese NEV startup shipped a cargo of 3,600 new energy vehicles to Southeast Asia from Nansha Port in Guangzhou, Guangdong province. Thus, the growing new energy vehicles market and exports further create demand for automotive logistics services in the country.
Increasing Vehicle Exports from China Fuelling the Demand in the Market
China has emerged as the world’s factory in the process of participating in globalization activities. In 2023, China’s automotive exports witnessed consistent growth. In addition, as per the China Association of Automobile Manufacturers (CAAM) data, in 2022, China exported more than 3.1 million vehicles, and in Q1 2023, the country’s exported reached 1.07 million vehicles, up by more than 58%, when compared to the same period in 2022. Chinese automotive manufacturers are gaining traction across international markets by enhancing their technology, design, and manufacturing processes. However, political risks and regulatory challenges remain a concern for Chinese manufacturers as they navigate different markets worldwide.
Meanwhile, in 2022, SAIC Motor ranked first among the vehicle exporters in the country by exporting more than 850,000 vehicles, followed by Chery, Tesla, Changan, etc. Mexico is the top export destination for China’s automotive market. General Motors vehicles are one the major exporters of vehicles to Mexico from China. The growing General Motors vehicles supply to Mexico and Tesla shipping, as well as more models from its Shanghai plant to Canada, has resulted in increased market share of China’s automotive suppliers in North America. This consistent growth in automotive exports from China results in the increasing demand for automotive logistics services, driving the market growth.
China Automotive Logistics Industry Overview
The Chinese automotive logistics market is highly fragmented and competitive, with the presence of several local automotive logistics companies in the country apart from international firms. International players like DHL and Nippon Express compete with local players like SAIC Anji Logistics and Yusen Logistics.
China Automotive Logistics Market Leaders
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China Ocean Shipping (Group) Company
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SAIC Anji Logistics
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Yusen Logistics Co. Ltd.
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BLG Logistics
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HYCX Group
*Disclaimer: Major Players sorted in no particular order
China Automotive Logistics Market News
- May 2023: SAIC Anji (a wholly-owned subsidiary of China’s SAIC Motor specializing in the automotive logistics business) placed an order for four methanol-ready car carriers to reduce greenhouse gas (GHG) emissions. As informed, the 9,000 CEU vessels will be built by China Merchants Jinling Shipyard (CMJL Nanjing). They will measure 228 meters in length with a molded depth of 15.4 meters and a width of 37.8 meters. The car carriers will also be scrubber-fitted to reduce greenhouse gas (GHG) emissions additionally.
- Jul 2023: COSCO Shipping (a Chinese international container transportation and shipping company) launched a full-chain logistics service featuring long-distance truck delivery and marine transportation to meet growing demand from exporters of new energy vehicles. In July 2023, the first batch of 152 Dolphin electric vehicles produced by a BYD factory in Fuzhou, Jiangxi Province, and carried by COSCO SHIPPING Lines were containerized and loaded on board after undergoing long-distance transportation and customs clearance. The ship departed from Yantian Port for Europe.
China Automotive LogisticsMarket Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Current Market Scenario
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4.2 Market Drivers
- 4.2.1 Growing New Energy Vehicles Sales
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4.3 Market Restraints
- 4.3.1 Trade War between China and the United States
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4.4 Market Opportunities
- 4.4.1 Supply Chain Digitalization
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4.5 Industry Attractiveness - Porter's Five Forces Analysis
- 4.5.1 Threat of New Entrants
- 4.5.2 Bargaining Power of Buyers/Consumers
- 4.5.3 Bargaining Power of Suppliers
- 4.5.4 Threat of Substitute Products
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Industry Value Chain Analysis
- 4.7 Government Regulations and Initiatives
- 4.8 Overview of China's Automotive Industry (Overview, Development and Trends, Statistics, etc.)
- 4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Finished Vehicle
- 5.1.2 Auto Component
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5.2 By Service
- 5.2.1 Transportation
- 5.2.2 Warehousing, Distribution, and Inventory Management
- 5.2.3 Other Services
6. COMPETITIVE LANDSCAPE
- 6.1 Overview (Market Concentration Analysis and Major Player)
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6.2 Company Profiles
- 6.2.1 China Ocean Shipping (Group) Company
- 6.2.2 SAIC Anji Logistics
- 6.2.3 BLG Logistics
- 6.2.4 HYCX Group
- 6.2.5 Yusen Logistics Co. Ltd
- 6.2.6 DHL
- 6.2.7 Nippon Express
- 6.2.8 GEODIS
- 6.2.9 Sinotrans Co. Ltd
- 6.2.10 UPS
- 6.2.11 Apex Group*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. APPENDIX
- 8.1 Macroeconomic Indicators (GDP Distribution by Activity, Transport and Storage Sector-contribution to Economy, etc.)
- 8.2 Trade Statistics: Imports and Exports
- 8.3 External Trade Statistics related to the Automotive Sector
China Automotive Logistics Industry Segmentation
Automotive logistics involves the planning and execution of a complicated car transportation process. China's Automotive Logistics market covers different segments in the entire supply chain- Transportation, Warehousing, Distribution, Inventory Management, and Other Services. A complete background analysis of the Chinese automotive logistics market, which includes an assessment and contribution of the sector in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and key component flow statistics are covered in the report. The report also covers the impact of COVID-19 on the market.
The China Automotive Logistics Market is segmented by Service (Transportation, Warehousing, Distribution, and Inventory Management, and Other Services) and Type (Finished Vehicle and Auto Components). The report offers the market size in value terms in USD for all the abovementioned segments.
| By Type | Finished Vehicle |
| Auto Component | |
| By Service | Transportation |
| Warehousing, Distribution, and Inventory Management | |
| Other Services |
China Automotive LogisticsMarket Research FAQs
How big is the China Automotive Logistics Market?
The China Automotive Logistics Market size is expected to reach USD 52.58 billion in 2024 and grow at a CAGR of 5.96% to reach USD 70.22 billion by 2029.
What is the current China Automotive Logistics Market size?
In 2024, the China Automotive Logistics Market size is expected to reach USD 52.58 billion.
Who are the key players in China Automotive Logistics Market?
China Ocean Shipping (Group) Company, SAIC Anji Logistics, Yusen Logistics Co. Ltd., BLG Logistics and HYCX Group are the major companies operating in the China Automotive Logistics Market.
What years does this China Automotive Logistics Market cover, and what was the market size in 2023?
In 2023, the China Automotive Logistics Market size was estimated at USD 49.62 billion. The report covers the China Automotive Logistics Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the China Automotive Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Automotive LogisticsIndustry Report
Statistics for the 2024 China Automotive Logistics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Automotive Logistics analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
