September 11, 2023
3 min

Automotive Logistics Market Share Worth $306.12Bn by 2028 at 6.5 ... - GlobeNewswire

The global automotive logistics market is expected to grow from $197.63 billion in 2021 to $306.12 billion by 2028, with a CAGR of 6.5%. The increase in outsourcing of automotive components presents opportunities for logistics companies to provide dedicated services for transportation and distribution. This includes offering value-added services and investing in advanced warehousing facilities. China's automotive manufacturing industry, being the largest in the world, contributes to the significant demand for automotive logistics services. However, stringent emission regulations may hinder market growth.

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Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry