United States Automotive Logistics Market - Growth, Trends, COVID 19 Impact and Forecasts (2022 - 2027)

The United States Automotive Logistics Market is segmented by Service (Transportation, Warehousing, Distribution, and Inventory Management, and Other Services), and By Type (Finished Vehicle, Auto Components, and Other Types). The report offers market size and forecasts for The United States Automotive Logistics Market in value ( USD Billion ) for all above segments.

Market Snapshot

United States Automotive Logistics Market Overview
Study Period: 2018-2027
Base Year: 2021
CAGR: >5 %
United States Automotive Logistics Market Major Companies

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Market Overview

The market for the United States automotive logistics market is estimated to grow at a CAGR rate of more than 5% during the forecast period. 

The United States is the world`s second-biggest auto market and the automotive industry. This sector plays important role in US imports and exports. The country is the third-largest automaker in the world and with 11.7% of total automobile production, it is also the second-largest automobile importer in the only world only after European Union. The United States is one of the most promising and fastest-growing automobile markets in the region. United States automobile industry is supported by multiple factors such as R&D efforts, labor availability, government support and geographic advantages.

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.

When the lockdown restrictions were lifted and the market was opened, the light vehicle segment sector bounced back to reach some 14.5 million units of sales. Light vehicles alone accounted for about 97% of the motor vehicles that were sold in the United States in 2020. Post the pandemic and with the market bouncing back the United States automotive logistics is anticipated to see huge growth in both imports and exports.

Scope of the Report

The United States Automotive Logistics market covers different segments in the entire supply chain- Transportation, Warehousing, Distribution, and 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 United States Automotive Logistics Market is segmented by Service (Transportation, Warehousing, Distribution, and Inventory Management, and Other Services), and By Type (Finished Vehicle, Auto Components, and Other Types). The report offers market size and forecasts for The United States Automotive Logistics Market in value ( USD Billion ) for all above segments. 

By Type
Finished Vehicle
Auto Component
Other Types
By Service
Transportation
Warehousing
Distribution and Inventory Management
Other Services

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Key Market Trends

Electric Vehicle sector growing in the United States

Around 550,100 battery electric vehicles were sold in the Americas in 2021, according to data provided by EV-Volumes. This was a year-on-year rise of almost 86 percent. The battery electric vehicle sales in the region made up just over eight percent of the total plug-in electric vehicle sales worldwide. Tesla continues to dominate the U.S. EV market with an estimated 302,000 electric vehicles sold in the United States in 2021. However, competition is beginning to gain momentum, and manufacturers such as General Motors are continuing to add new EV models into their range of vehicles offered. Chevrolet’s Bolt made it into the list of best-selling electric vehicle models in 2021. The model recorded its second largest sales volume that year, just under its sales in 2017—the year the model launched. General Motors intends to only sell zero-emission vehicles by 2035 and was already one of the global plug-in EV market leaders in 2021.

While Tesla dominated the plug-in electric vehicle market in 2021, it was also followed closely by the Volkswagen Group, whose worldwide electric vehicle sales soared that same year. Overall, manufacturers were looking to increase their research and development expenditure, with electric mobility at the forefront of their investments. This was in part motivated by the U.S. government’s commitment to half of all vehicle sales to be zero emission by 2030.

United States Automotive Logistics Market Trends

Light Vehicles dominating the US Market

In 2021, the auto industry in the United States sold approximately 14.9 million light vehicle units. This figure includes retail sales of about 3.3 million autos and just under 11.6 million light truck units. Light-duty vehicles dominate the US market because they are popular for their utility and better fuel economy that makes them an economical choice for the consumers. At around 17%, General Motors held the largest share of the auto market in the United States in 2020. As of 2020, the light vehicle manufacturer with the best overall miles per gallon was Fiat Chrysler Automobiles with 21.8 gallons of gas required to complete 100 miles on the road. With the increase in demand for Light Commercial Vehicles, growth in short-sea volumes between Mexico and the US is being observed, which is forecast to grow the automotive logistics sector with the signing of the US-Mexico-Canada Agreement (USMCA). As per Statista, when asked about light vehicle satisfaction, consumers in the United States were most satisfied with Honda, Lexus, and BMW models. Lexus was among the most dependable brands based on the number of problems reported per 100 vehicles.

United States Automotive Logistics Market Analysis

Competitive Landscape

The United States automotive logistics market is highly fragmented and competitive with the presence of big international and domestic firms in the country. International players like Expeditors International of Washington Inc, DHL, GEFCO, and Nippon Express compete with the local giants like CFR Rinkens, Ryder System Inc and Penske Logistics. The market is expected to grow because of the growing demand for electric vehicles at the domestic as well as the international level and also with an increase in the demand for lightweight vehicles and other factors influencing the market.

Recent Developments

May 2022 : One of the top logistics players, Ryder expanded Last-Mile Delivery Network with New Hubs in Key Footholds Nashville and Boise in the US. This strategic expansion focuses on growing population centers as demand remains high for e-commerce fulfillment of big-and-bulky goods. The customizable delivery options include four tiers of service: Front Door; Over the Threshold; Room of Choice; and White-Glove Delivery, which includes assembly, hook-up, and installation.

May 2022 : Penske Truck Leasing (a leading global transportation services provider) and Shell Recharge Solutions (a global group of energy and petrochemical companies) North America announced a new joint initiative to support light-duty electric vehicle (EV) charging at Penske locations. The project will initially deploy Level 2 (L2) electric truck charging stations with plug-and-charge capabilities, to support Penske's growing battery-electric truck fleet in California. Additional sites will be rolled out in four U.S. states in 2022 with more locations expected to be added in 2023 and beyond.

Table of Contents

  1. 1. INTRODUCTION

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Dynamics

      1. 4.2.1 Drivers

      2. 4.2.2 Restraints

      3. 4.2.3 Opportunities

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Government Regulations and Initiatives

    5. 4.5 Impact of Covid-19 on the market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Finished Vehicle

      2. 5.1.2 Auto Component

      3. 5.1.3 Other Types

    2. 5.2 By Service

      1. 5.2.1 Transportation

      2. 5.2.2 Warehousing

      3. 5.2.3 Distribution and Inventory Management

      4. 5.2.4 Other Services

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Overview (Market Concentration Analysis and Major Player)

    2. 6.2 Company Profiles

      1. 6.2.1 Expeditors International of Washington Inc

      2. 6.2.2 CFR Rinkens

      3. 6.2.3 Ryder System Inc

      4. 6.2.4 GEFCO

      5. 6.2.5 Penske Logistics

      6. 6.2.6 US Auto Logistics

      7. 6.2.7 DHL

      8. 6.2.8 Nippon Express

      9. 6.2.9 J.B. Hunt Transport Services, Inc.

      10. 6.2.10 C.H Robinson Worldwide*

    3. *List Not Exhaustive
  7. 7. FUTURE OF THE MARKET

  8. 8. APPENDIX

    1. 8.1 Macroeconomic Indicators (GDP Distribution by Activity, Transport and Storage Sector-contribution to Economy, etc.)

    2. 8.2 Trade Statistics: Imports and Exports

    3. 8.3 External Trade Statistics related to Automotive Sector

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Frequently Asked Questions

The United States Automotive Logistics Market market is studied from 2018 - 2027.

The United States Automotive Logistics Market is growing at a CAGR of >5% over the next 5 years.

Expeditors International of Washington Inc, CFR Rinkens , Ryder System Inc, Penske Logistics, GEFCO are the major companies operating in United States Automotive Logistics Market.

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