China Automotive Logistics Market Size (2024 - 2029)

The China automotive logistics market is poised for growth, driven by the country's status as the largest vehicle market globally in terms of annual sales and manufacturing output. Despite the setbacks caused by the COVID-19 pandemic, which significantly impacted passenger car sales, government initiatives aimed at revitalizing automobile consumption have been instrumental in sustaining the market. These initiatives include fiscal support and the optimization of vehicle trading channels. The increasing domestic production and the rising export of Chinese automobiles, particularly electric vehicles, further contribute to the expansion of the market.

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Market Size of China Automotive Logistics Industry

China Automotive Logistics Market Summary
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

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 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
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China Automotive Logistics Market Size Summary

The China automotive logistics market is poised for significant growth, driven by the country's status as the largest vehicle market globally, both in terms of sales and manufacturing output. The market is recovering from the setbacks caused by the COVID-19 pandemic, which had a substantial impact on automotive logistics due to a sharp decline in passenger car sales. However, government initiatives aimed at boosting automobile consumption, such as fiscal support and the optimization of vehicle trading channels, are expected to sustain market momentum. China's automotive sector is further bolstered by its expanding exports, particularly in new energy vehicles, which have seen a remarkable increase in demand both domestically and internationally. The country's competitive pricing and technological advancements in electric vehicles have positioned it as a leading global supplier, surpassing traditional markets like Japan.

The automotive logistics industry in China is characterized by a high level of fragmentation and competition, with numerous local and international players vying for market share. Companies such as SAIC Anji Logistics and Yusen Logistics Co. Ltd. are prominent local entities, while international firms like DHL and Nippon Express also compete in this dynamic market. The growth in automotive exports, especially to regions like North America and Southeast Asia, has spurred demand for logistics services, facilitating the movement of vehicles and parts across borders. Initiatives like the acquisition of methanol-ready car carriers by SAIC Anji and the launch of full-chain logistics services by COSCO Shipping highlight the industry's focus on sustainability and efficiency. These developments, coupled with China's strategic positioning in global trade, underscore the robust growth prospects for the automotive logistics market in the coming years.

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China Automotive Logistics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Current Market Scenario

    2. 1.2 Market Drivers

      1. 1.2.1 Growing New Energy Vehicles Sales

    3. 1.3 Market Restraints

      1. 1.3.1 Trade War between China and the United States

    4. 1.4 Market Opportunities

      1. 1.4.1 Supply Chain Digitalization

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Industry Value Chain Analysis

    7. 1.7 Government Regulations and Initiatives

    8. 1.8 Overview of China's Automotive Industry (Overview, Development and Trends, Statistics, etc.)

    9. 1.9 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Finished Vehicle

      2. 2.1.2 Auto Component

    2. 2.2 By Service

      1. 2.2.1 Transportation

      2. 2.2.2 Warehousing, Distribution, and Inventory Management

      3. 2.2.3 Other Services

China Automotive Logistics Market Size FAQs

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.

In 2024, the China Automotive Logistics Market size is expected to reach USD 52.58 billion.

China Automotive Logistics Market Report Snapshots

China Automotive Logistics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)