Latest News- Finished Vehicles Logistics Market: Road is expected to lead the Type segment during 2025-2029

The Finished Vehicles Logistics Market is being driven by Growing automotive industry

The Finished Vehicles Logistics Market is expected to grow at a CAGR of 5.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 26.9 billion. The electric vehicles (EVs) market has witnessed significant growth in recent years due to technological advancements and cost reductions. This trend has been further fueled by increasing support for clean transportation and the resulting expansion of charging infrastructure. According to industry projections, global EV sales, including light-duty vehicles (LDVs), buses, and smaller vehicles such as three-wheelers, mopeds, kick-scooters, and e-bikes, have been on an upward trajectory since the mid-2010s. In 2022, it is anticipated that automakers will invest over USD140 billion in transportation electrification. The escalating adoption of EVs is expected to drive the growth of the finished vehicles logistics market during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Road
  • Rail
  • Sea
  • Air
• Service
  • Warehousing
  • Transport
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing automotive industry
• Global expansion of automobile manufacturing plants
• Growth of intermodal freight transportation

However, the market also witnesses some limitations, which are as follows:

• Shortage of truck drivers
• Inadequate logistics infrastructure
• High operational costs

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Market Scope in Finished Vehicles Logistics Market Research Report

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Research Analysis Overview

The Finished Vehicles Logistics Market plays a crucial role in the auto industry by facilitating the transportation of cars from manufacturing facilities to dealer showrooms. Free trade agreements and economies with the largest trade deals impact this market, with tariffs being a significant factor. Logistics solutions, including GPS tracking, blockchain, and sustainable practices, enhance transparency, efficiency, and sustainability. Technologies like distributed control systems, programmable logic controllers, I/O modules, industrial networking, data interchange, robots, and those from the electrical industry are integral to the logistics process. Alternative fuel vehicles and Pound Gates further expand the market's scope.

Market Research Overview

In the auto industry, the finished vehicles logistics market represents a significant segment of the larger global air freight and logistics market. This market encompasses revenue generated by providers of air freight transportation, courier services, and logistics solutions for the movement of completed vehicles from manufacturing facilities to dealer showrooms. Key drivers of growth in this sector include the increasing volume of free trade agreements between economies, leading to the largest trade deals in history, such as the USMCA and the RCEP. Additionally, tariffs on goods transported between countries can impact the cost structure of finished vehicle logistics. The adoption of advanced technologies, such as Blockchain and 5G networks, is also transforming the industry by enhancing transparency, security, and efficiency in the supply chain. Overall, the global finished vehicles logistics market is poised for growth, driven by the increasing demand for cross-border trade and the implementation of innovative technologies.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/