Finished Vehicle Logistics Market by Logistics Service, Distribution, Mode of Transport, Vehicle Type

Description

List of Tables

[183 Pages Report] The Finished Vehicle Logistics Market size was estimated at USD 231.24 billion in 2023 and expected to reach USD 243.61 billion in 2024, at a CAGR 5.47% to reach USD 335.74 billion by 2030.

Finished vehicle logistics (FVL) involves the complex process of managing the supply chain operations required to transport vehicles from the manufacturing plant to dealerships and, ultimately, to the end customer. This includes a variety of activities such as transportation planning, loading and unloading, inventory management, storage, pre-delivery inspection, and distribution. The expansion of FVL is driven by several factors, including the globalization of the automotive industry, which creates a demand for efficient international transport and distribution networks; the surge in vehicle production and diversity in models necessitating sophisticated logistics solutions; technological advancements that permit real-time tracking and improved vehicle handling; and the rising expectations of customers for quick and transparent delivery processes. However, FVL also faces several disadvantages, including vulnerability to global supply chain disruptions, high dependency on economic cycles affecting automotive demand, complexity in managing logistics for different types of vehicles, and environmental concerns related to emissions from transportation. The industry is moving towards utilizing more flexible and robust logistics strategies, investing in advanced information systems for better supply chain visibility, integrating sustainable practices such as the use of eco-friendly carriers, and diversifying transport routes to minimize disruptions. The FVL industry is poised for further transformation, with opportunities arising from the advent of electric and autonomous vehicles, the need for specialized handling and infrastructure, a shift towards multimodal transportation solutions, and the potential for digital platforms to streamline FVL operations. Additionally, the application of artificial intelligence and machine learning algorithms could further optimize logistics routes and inventory management, providing a more efficient, cost-effective, and sustainable FVL environment.

KEY MARKET STATISTICS
Base Year [2023]	USD 231.24 billion
Estimated Year [2024]	USD 243.61 billion
Forecast Year [2030]	USD 335.74 billion
CAGR (%)	5.47%

Regional Insights

In the Americas, particularly in North America, FVL is characterized by extensive overland transportation networks with heavy reliance on rail and truck modalities due to vast geographical distances. Major companies invest in specialized auto carrier trucks and rail cars, streamlining their operations for domestic distribution as well as export. The Asia-Pacific (APAC) region sees a heterogeneous mix in FVL due to varied geographic and economic conditions; however, there is a significant dependence on coastal and intermodal shipping, reflecting the region's strong focus on maritime trade. The variety of port facilities across countries such as China, Japan, and South Korea facilitates efficient export-oriented FVL operations. Within the European, Middle Eastern, and African (EMEA) region, FVL tends to have a greater emphasis on shorter overland routes and an intricate balance of road, rail, and short-sea transport, recognizing the region's comparatively smaller geographic expanses and the need for border-crossing efficiency due to numerous country frontiers. The increasing production of automobiles in the region and the base of Europe as a major exporter of finished automotive has enabled their expansion in finished vehicle logistics. Companies operating here often face a mix of mature and emerging markets, tailoring logistics solutions to accommodate a wide range of regulatory environments and infrastructure capabilities.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Finished Vehicle Logistics Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Expanding demand for the latest vehicles and growing production of automobiles
- Rise of new vehicle dealerships and original equipment manufacturers(OEM)
- Government initiatives to strengthen electric vehicle(EV) supply chain

Market Restraints
- Need for higher storage capacity and issues related to labor shortage

Market Opportunities
- Introduction of novel technological advancements to improve tracking of vehicles
- Efforts to incorporate sustainable practices in automotive supply chains

Market Challenges
- Procedural complexities and technical limitations of finished vehicle logistics

Market Segmentation Analysis
- Logistics Services: Rising adoption of automobiles and need for advanced outbound logistics
- Mode of Transport: Increased provision of finished vehicle logistics through roadways
- Vehicle Type: Rising sales of finished passenger vehicles to showrooms and end-users
- Distribution: Developement of enhanced logistics solutons for large-scale trade of finished vehicles

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Finished Vehicle Logistics Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Finished Vehicle Logistics Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

DP World Expands Automotive Logistics Expertise with Acquisition of CFR Rinkens

DP World strengthened its position as a crucial player in the global automotive logistics arena through its acquisition of CFR Rinkens, a provider of specialized logistics services based out of Long Beach, California. This strategic move augments DP World's already significant role in the industry, facilitating the transportation of one in ten new cars worldwide by incorporating CFR Rinkens' expertise in containerized vehicle shipping, semi-knock-down logistics, and state-of-the-art racking systems. The acquisition underscores DP World's capacity to evolve alongside the automotive industry's pivot towards electric vehicles and adherence to sustainable energy practices. [Published On: 2023-10-19]

Noatum Announces the Acquisition Agreement of Sese's Finished Vehicles Logistics

AD Ports Group, a global logistics, industrial, and trade company, announced that its Logistics Cluster, led by Noatum, has agreed to acquire Sese Auto Logistics from Grupo Logistico Sese for EUR 81 million. This strategic move involves the complete takeover of Sese's Finished Vehicles Logistics (FVL) operation, known for its extensive road and rail vehicle transportation services in key European markets, including Spain, Germany, Poland, the Czech Republic, and Hungary. Using more than 200 trucks that travel over 30 million kilometers annually, this acquisition is set to enhance the Group's logistics capabilities significantly. [Published On: 2023-10-06]

Acertus Acquires Vehicle Transporter RCG Logistics

Acertus announced its acquisition of RCG Logistics, a major transportation and vehicle resale firm, further expanding its capabilities in finished vehicle logistics. Customers of RCG will benefit from Acertus' comprehensive offerings, including storage, title, and registration services, supplemented by improved operational support and technology infrastructure. This acquisition marks Acertus' latest strategic expansion, following previous partnerships and acquisitions of companies such as MetroTitle, Amerifleet, McNutt, and its collaboration with the online car marketplace DrivrzXchange, thereby strengthening its national presence in automotive logistics. [Published On: 2023-09-05]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Finished Vehicle Logistics Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Finished Vehicle Logistics Market, highlighting leading vendors and their innovative profiles. These include ACERTUS, ARS Altmann AG, Autolink Group AS, Berge Infraestucturas Y Servicios Logisticos, S.L., BLG Logistics Group AG & Co. KG, CargoTel, Inc., CEVA Logistics SA, Changjiu Logistics GmbH, CMA CGM Group, Deutsche Post AG, DP World, DSV A/S, Eurosender SARL, Glovis America, Inc., INFORM Institut fur Operations Research und Management GmbH, Jack Cooper Investments Inc., Koopman Logistics Group BV, Kuehne + Nagel Management AG, Nippon Express Holdings, Inc., Omsan Lojistik A.S., Penske Truck Leasing Co., L.P., Pound Gates & Company Ltd, Precision vehicle LogisticsA, RPM Freight Systems LLC, Toll Holdings Limited, Transimeksa, United Parcel Service Inc., and Value Added Service Corporation.

Market Segmentation & Coverage

This research report categorizes the Finished Vehicle Logistics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Logistics Service
- Aftermarket
- Inbound
- Outbound
- Reverse

Distribution
- Domestic
- International

Mode of Transport
- Airways
- Maritime
- Railways
- Roadways

Vehicle Type
- Battery Electric Vehicle
- Commercial Vehicle
- Hybrid Electric Vehicle
- Passenger Vehicle

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-A37FCEE11760

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Expanding demand for the latest vehicles and growing production of automobiles
  - 5.1.1.2. Rise of new vehicle dealerships and original equipment manufacturers(OEM)
  - 5.1.1.3. Government initiatives to strengthen electric vehicle(EV) supply chain
- 5.1.2. Restraints
  - 5.1.2.1. Need for higher storage capacity and issues related to labor shortage
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of novel technological advancements to improve tracking of vehicles
  - 5.1.3.2. Efforts to incorporate sustainable practices in automotive supply chains
- 5.1.4. Challenges
  - 5.1.4.1. Procedural complexities and technical limitations of finished vehicle logistics
5.2. Market Segmentation Analysis
- 5.2.1. Logistics Services: Rising adoption of automobiles and need for advanced outbound logistics
- 5.2.2. Mode of Transport: Increased provision of finished vehicle logistics through roadways
- 5.2.3. Vehicle Type: Rising sales of finished passenger vehicles to showrooms and end-users
- 5.2.4. Distribution: Developement of enhanced logistics solutons for large-scale trade of finished vehicles
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Finished Vehicle Logistics Market, by Logistics Service

6.1. Introduction
6.2. Aftermarket
6.3. Inbound
6.4. Outbound
6.5. Reverse

7. Finished Vehicle Logistics Market, by Distribution

7.1. Introduction
7.2. Domestic
7.3. International

8. Finished Vehicle Logistics Market, by Mode of Transport

8.1. Introduction
8.2. Airways
8.3. Maritime
8.4. Railways
8.5. Roadways

9. Finished Vehicle Logistics Market, by Vehicle Type

9.1. Introduction
9.2. Battery Electric Vehicle
9.3. Commercial Vehicle
9.4. Hybrid Electric Vehicle
9.5. Passenger Vehicle

10. Americas Finished Vehicle Logistics Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Finished Vehicle Logistics Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Finished Vehicle Logistics Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. DP World Expands Automotive Logistics Expertise with Acquisition of CFR Rinkens
- 13.3.2. Noatum Announces the Acquisition Agreement of Sese's Finished Vehicles Logistics
- 13.3.3. Acertus Acquires Vehicle Transporter RCG Logistics
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio