NORTH AMERICA AUTOMOTIVE LOGISTICS MARKET ANALYSIS
Statistics:
The North America automotive logistics market was valued at US$ 66.37 Bn in 2021 and is forecast to reach a value of US$ 113.69 Bn by 2030 at a CAGR of 6.1% between 2022 and 2030.
Market Key Takeaways/Trends:
Trend 1:
The US automotive sector is increasing rapidly, with increasing capital growth and higher exports. The significant initiative has been taken by both the carmakers and logistic service providers across the automotive industry in the US. This is expected to act as a key trend in the growth of North America Automotive Logistics Market.
Trend 2:
Strengthening the division of labor is expected to act as a trend in the growth of North America Automotive logistics market. A part of logistical management functions is entrusted to third party logistics to decrease the investment and operating cost. Utilizing the third party logistics enables the companies to gain more market information. This is expected to boost the growth of North America Automotive Logistics.
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