United States Automotive Logistics Market Size (2024 - 2029)

The United States automotive logistics market is poised for significant growth, driven by the resurgence of the light vehicle segment and the expanding electric vehicle sector. Despite a sharp decline due to the COVID-19 pandemic, the market has rebounded, with light vehicles dominating sales. As the second-largest automotive market globally, the U.S. plays a crucial role in international trade, with its automotive industry benefiting from robust R&D, government support, and strategic geographic advantages. The anticipated expansion in market size reflects these positive trends and the industry's resilience.

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Market Size of United States Automotive Logistics Industry

United States Automotive Logistics Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 58.90 Billion
Market Size (2029) USD 77.28 Billion
CAGR (2024 - 2029) 5.58 %
Market Concentration Low

Major Players

United States Automotive Logistics Market Major Players

*Disclaimer: Major Players sorted in no particular order

U.S. Automotive Logistics Market Analysis

The United States Automotive Logistics Market size is estimated at USD 58.90 billion in 2024, and is expected to reach USD 77.28 billion by 2029, growing at a CAGR of 5.58% during the forecast period (2024-2029).

The US automotive market is driven by the electric vehicle sector, and light vehicles dominate the US market.

The automotive industry in the United States experienced a sharp decline in demand because of the COVID-19 outbreak last year in March 2020. This impacted the entire automotive supply chain logistics industry. The US vehicle sales were down by 38% year-on-year.

After the lockdown restrictions were lifted and the market was opened, the light vehicle segment sector bounced back to reach some 13.84 million units of sales in the current year. Light vehicles alone accounted for about 97% of the motor vehicles that were sold in the United States. Post-pandemic and with the market bouncing back, the United States automotive logistics industry is anticipated to see huge growth in both imports and exports.

The United States is the world's second-biggest auto market and automotive industry, the first being China. This sector plays an important role in US imports and exports. The country is the second-largest automaker in the world, manufacturing more than 1.5 million cars and 7.6 million commercial vehicles. The United States is one of the most promising and fastest-growing automobile markets in the region. The United States automobile industry is supported by multiple factors such as R&D efforts, labor availability, government support, and geographic advantages.

U.S. Automotive Logistics Industry Segmentation

The US Automotive Logistics market covers different segments in the entire supply chain- Transportation, Warehousing, Distribution, Inventory Management, and Other Services. The automotive logistics industry in the United States also covers the electric vehicles and batteries sector. The report also covers the impact of COVID-19 on the market. The US Automotive Logistics Market is segmented by Service (Transportation, Warehousing, Distribution, Inventory Management, and Other Services) and Type (Finished Vehicle, Auto Components, and Other Types). The report offers market size and forecasts for the US Automotive Logistics Market in value (USD) for all the above segments.

By Type
Finished Vehicle
Auto Component
Other Types
By Service
Transportation
Warehousing
Distribution and Inventory Management
Other Services
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United States Automotive Logistics Market Size Summary

The United States automotive logistics market is poised for significant growth, driven by the resurgence of the light vehicle segment and the burgeoning electric vehicle sector. Following a sharp decline in demand due to the COVID-19 pandemic, the market has rebounded, with light vehicles accounting for the majority of sales. The US automotive industry, the second-largest globally, plays a crucial role in the country's import and export activities. Factors such as robust research and development, government support, and geographic advantages bolster the industry's growth prospects. The market is characterized by a competitive landscape, with both international and domestic players vying for market share, and is expected to expand further due to increasing demand for electric and lightweight vehicles.

The automotive logistics sector in the United States is experiencing a transformation, with a notable shift towards electric mobility and sustainable practices. The market's growth is supported by the US government's commitment to zero-emission vehicles, encouraging manufacturers to invest heavily in research and development. Companies like Tesla and General Motors are leading the charge in the electric vehicle market, with significant sales and ambitious plans for the future. The logistics industry is also adapting to these changes, with firms like Ryder System Inc. and Penske Logistics expanding their operations and incorporating electric vehicles into their fleets. The US-Mexico-Canada Agreement (USMCA) further enhances the logistics sector's growth prospects by increasing short-sea volumes between Mexico and the US, highlighting the dynamic and evolving nature of the automotive logistics market in the United States.

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United States Automotive Logistics Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Dynamics

      1. 1.2.1 Drivers

        1. 1.2.1.1 Growth of E-commerce and Online Sales

        2. 1.2.1.2 Demand from Light Vehicle Production

      2. 1.2.2 Restraints

        1. 1.2.2.1 Fluctuating fuel prices

        2. 1.2.2.2 Shortage of skilled workforce

      3. 1.2.3 Opportunities

        1. 1.2.3.1 Additive Manufacturing

        2. 1.2.3.2 Rising demand for Connected and Autonomous vehicles

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Government Regulations and Initiatives

    5. 1.5 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

      3. 2.1.3 Other Types

    2. 2.2 By Service

      1. 2.2.1 Transportation

      2. 2.2.2 Warehousing

      3. 2.2.3 Distribution and Inventory Management

      4. 2.2.4 Other Services

United States Automotive Logistics Market Size FAQs

The United States Automotive Logistics Market size is expected to reach USD 58.90 billion in 2024 and grow at a CAGR of 5.58% to reach USD 77.28 billion by 2029.

In 2024, the United States Automotive Logistics Market size is expected to reach USD 58.90 billion.

United States Automotive Logistics Market Report Snapshots

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