Finished Vehicles Logistics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Finished Vehicles Logistics Market is divided by Activity (Transport (Rail, Road, Air, Sea), Warehouse, and Value-Added Services), and by Geography (North America, Asia-Pacific, Europe, the Middle East and Africa, and South America). The report offers market size and forecast values (in USD billions) for all the above segments.

Finished Vehicles Logistics Market Size

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Finished Vehicles Logistics Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 4.00 %
Fastest Growing Market Asia-Pacific
Largest Market Europe
Market Concentration Low

Major Players

Finished Vehicles Logistics Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Finished Vehicles Logistics Market Analysis

During the time frame of the forecast, the Finished Vehicles Logistics Market is expected to register a CAGR of more than 4% per year.

  • The growing auto industry is one of the main things driving the growth of the global completed vehicle logistics market. Internationally, the auto industry is growing very quickly because more people are buying cars, especially in countries like Brazil. As the population grows, more people need cars to get around easily, which drives market growth.
  • China, the United States, Japan, Germany, and India are among the major automobile-producing countries. In 2021, over 80 million automobiles will be built worldwide. When compared to the previous year, this statistic represents a 3 percent gain. In 2020, China, Japan, and Germany were the top three makers of automobiles and commercial vehicles. As car production expands, so will the demand for finished vehicle logistics to transport and warehouse these vehicles from the manufacturing facility to dealer showrooms. As a result, the market emphasis will expand over the projection period. Therefore, the growth of the automotive industry is expected to fuel the growth of the global finished vehicle logistics (FVL) market during the forecast period.

In the Asia-Pacific region, China, Singapore, and India have 47, 44, and 44 free trade agreements, respectively. These agreements make it possible for logistics to grow and help the economies of the countries. Also, in December 2021, it was announced that a new Asia-Pacific free trade agreement would start on January 1, 2022. The Regional Comprehensive Economic Partnership (RCEP) brings together 15 East Asian and Pacific countries of varying economic levels. Based on the GDP of its members, the RCEP will be the largest trade deal in the world. It will get rid of 90% of tariffs between 15 East Asian and Pacific countries and increase intra-regional exports by USD 42 billion. Because of this, these free trade agreements are likely to increase the amount of goods that are bought and sold.

Finished Vehicles Logistics Market Trends

Increase in Blockchain Technology Adoption in Finished Vehicle Logistics

With 5G networks, more devices will be able to connect to each other, which will make it easier to send and receive data.Wireless connectivity is essential for providing a better user experience in connected automobiles. Many firms in the telecom sector are developing 5G to improve the efficiency and safety of connected vehicles. According to the International 5G Automotive Association, future 5G technology can prevent around 68% of accidents. For example, the EU and South Korea have agreed to collaborate on 5G research, with each promising USD 782 million and USD 1.5 billion in funding for local 5G initiatives. Furthermore, increased cloud usage and the introduction of new cloud data centers are likely to create attractive growth possibilities for expanding data storage produced by the Internet of Things.

Some market participants are putting this technology to use to track each car unit in real-time and manage transactions automatically. Blockchain technology is expected to have a big influence on the car logistics business. The increased adoption of these modern technologies allows for better-structured operations, which will fuel market expansion in the next few years.

Finished Vehicles Logistics Market: Size of the global connected car market, in billion USD, 2019-2021

APAC Region Leads the Finished Vehicles Logistics Market

  • As the population grows, so does the demand for efficient mobility. The area is known for being home to some of the world's most lucrative automobile manufacturers. With its high levels of production, the automotive sector, which comprises the manufacturing of motor vehicles as well as aftermarket components, creates a large number of sales of passenger cars and commercial vehicles for the region. As a result, it is a critical sector for many Asia-Pacific economies. Many Asia-Pacific countries stand out as significant rivals in the automobile market.
  • Japan, China, and South Korea all have robust automobile manufacturing businesses. Toyota Motor Corporation of Japan is the world's second-largest vehicle manufacturer in terms of market value. While Japan has high-quality vehicle brands, China produces the most automobiles in the world. China's Shanghai Automotive Industry Corporation (SAIC) has constantly increased income, with only a tiny recession in recent years, while South Korea's Hyundai Motor Company is the country's largest car manufacturer.
  • Furthermore, the region includes China and India, which account for around 34% of global car manufacturing. During the period of the projection, the market is expected to grow because of investments from both businesses and the government, as well as FDI. For example, the Union Cabinet approved the production-linked incentive (PLI) scheme for the automobile and auto component industries. The PLI program for the car sector (a USD 3.5 billion investment) provides financial incentives of up to 18% to enhance local manufacture of innovative automotive technology goods and attract investments in the automotive manufacturing value chain.
Finished Vehicles Logistics Market: Number of passenger cars produced in the Asia-Pacific region, in 1,000s, by country, 2021

Finished Vehicles Logistics Industry Overview

Because the market is extremely competitive and fragmented, players in the Finished Vehicles Logistics Market do not have a significant market share. Several firms are merging and acquiring to extend their geographical footprint and proprietary information. For instance, in October 2022, DFDS and Ekol Logistics, a major Turkish logistics firm, began discussions about acquiring Ekol Logistics' international road haulage operations. A combination of ferry and logistics services in the Mediterranean network would mimic DFDS' successful economic model in Northern Europe.

Some of the major players are MetroGistics LLC, Nippon Express Holdings Inc., Omsan Logistics, ARS Altmann, and CargoTel Inc.

Finished Vehicles Logistics Market Leaders

  1. MetroGistics LLC

  2. Nippon Express Holdings Inc

  3. Omsan Logistics

  4. ARS Altmann

  5. CargoTel Inc.

*Disclaimer: Major Players sorted in no particular order

Finished Vehicles Logistics Market Concentration
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Finished Vehicles Logistics Market News

  • November 2022: Omsan Logistics built an export-import line between Turkey and Slovakia in collaboration with the well-known European logistics firm, METRAS. The first freight train leaves from Dunajska Streda Terminal in Slovakia for Istanbul as part of the collaboration. The containers are delivered by train from the METRANS Terminal in Dunajska Streda, Slovakia, as part of the project's goal of increasing Turkey's railway exports.
  • April 20, 2022: PODS Enterprises, LLC, the industry leader in portable moving and storage solutions, and ACERTUS, an omnichannel automobile logistics platform, announced a strategic agreement to provide and execute nationwide vehicle shipping services to PODS' residential and business relocation clients. The partnership combines knowledge, infrastructure, and technology to provide a tailored and optimized moving experience.

Finished Vehicles Logistics Market Report - Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain / Supply Chain Analysis

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Bargaining Power of Buyers/Consumers

      2. 4.5.2 Bargaining Power of Suppliers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Government Regulations and Initiatives

    7. 4.7 Technological Trends

    8. 4.8 Insights into Reverse Logistics and Callbacks

    9. 4.9 Impact of COVID-19 on the Market


    1. 5.1 By Activity

      1. 5.1.1 Transport (Rail, Road, Air, Sea)

      2. 5.1.2 Warehouse

      3. 5.1.3 Value-added Services

    2. 5.2 By Geography

      1. 5.2.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.2.2 Europe

        1. Germany

        2. France

        3. United Kingdom

        4. Italy

        5. Spain

        6. Russia

        7. Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Bangladesh

        5. Turkey

        6. South Korea

        7. Australia

        8. Indonesia

        9. Rest of Asia-Pacific

      4. 5.2.4 Middle East & Africa

        1. Egypt

        2. South Africa

        3. Saudi Arabia

        4. Rest of Middle East & Africa

      5. 5.2.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 MetroGistics LLC

      2. 6.2.2 Nippon Express Holdings Inc

      3. 6.2.3 Omsan Logistics

      4. 6.2.4 CargoTel Inc.

      5. 6.2.5 ARS Altmann

      6. 6.2.6 CMA CGM S.A

      7. 6.2.7 Pound Gates Vehicle Management Services Ltd.

      8. 6.2.8 CEVA Logistics

      9. 6.2.9 Penske Corporation

      10. 6.2.10 XPO Logistics*

    3. *List Not Exhaustive

  8. 8. APPENDIX

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Finished Vehicles Logistics Industry Segmentation

The actions involved in the movement of a vehicle from the moment it leaves the OEM assembly line until it reaches the dealer or final client are referred to as finished vehicle logistics. The transportation industry's finished vehicle logistics are a highly specialized field.

The Finished Vehicles Logistics Market is segmented by Activity (Transport (Rail, Road, Air, Sea), Warehouse, Value-Added Services), and by Geography (North America, Asia-Pacific, Europe, the Middle East and Africa, and South America). The report offers market size and forecast values (in USD billions) for all the above segments. The report also covers the impact of COVID-19 on the market.

By Activity
Transport (Rail, Road, Air, Sea)
Value-added Services
By Geography
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa
South America
Rest of South America
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Finished Vehicles Logistics Market Research FAQs

The Finished Vehicles Logistics Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

MetroGistics LLC, Nippon Express Holdings Inc, Omsan Logistics, ARS Altmann and CargoTel Inc. are the major companies operating in the Finished Vehicles Logistics Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Europe accounts for the largest market share in Finished Vehicles Logistics Market.

The report covers the Finished Vehicles Logistics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Finished Vehicles Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Finished Vehicles Logistics Industry Report

Statistics for the 2024 Finished Vehicles Logistics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Finished Vehicles Logistics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Finished Vehicles Logistics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)