Market Size of Asia Pacific Automotive Logistics Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 289.04 Billion |
| Market Size (2029) | USD 386.06 Billion |
| CAGR (2024 - 2029) | > 6.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific Automotive Logistics Market Analysis
The Asia Pacific Automotive Logistics Market size is estimated at USD 289.04 billion in 2024, and is expected to reach USD 386.06 billion by 2029, growing at a CAGR of greater than 6.5% during the forecast period (2024-2029).
As per the industry analysis, the Asia-Pacific region is estimated to hold the major market share in the global market studied. This is primarily because of the presence of emerging economies like China and India. Numerous factors, like the easy availability of raw materials, increased demand for vehicles in the region, rising population, and availability of low-wage workers, are anticipated to drive the automotive logistics market in the region.
Asia-Pacific is home to some of the major automotive OEM companies, like Toyota, Maruti Suzuki, Hyundai, and SAIC Motor Corporation Limited, among others. With the increasing production and trading activities, there is a demand for logistics companies to manage the procurement, transport, and storage activities of the OEMs to optimize the latter’s supply chain more efficiently.
Global logistics companies are increasingly entering the Asia-Pacific region to tap the growth associated with the market. For instance, in June 2019, French logistics provider GEFCO set up a dedicated subsidiary in Chongqing (China) to specialize in importing and exporting vehicles by rail between Europe, Russia, and China.
Ever-shifting international trade policies, evolving safety and environmental regulations, escalating demand for electronic and autonomous vehicles, changing societal attitudes toward automobiles, global politics, and even cybersecurity issues—all play significant roles in the great auto supply chain.
Various initiatives are undertaken by governmental bodies to accelerate the automotive logistics market further. For instance, in Asia-Pacific, relevant regulations and initiatives to improve professional standards by industry & government play an important role in logistics operations.
The range of logistics services is subject to logistics industry regulations and policies. Moreover, the expansion of such services is also driven by government policies. For instance, the Framework Act on Logistics Policies in Korea provides benefits to companies delivering integrated services of warehousing, transport, and value-added services. The companies entering the automotive logistics market have to comply with multiple entry requirements depending on the type of plan they offer.
