United States Automotive Logistics Market Size

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.