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The global automotive logistics market is projected to grow from $245.45 billion in 2022 to $266.82 billion in 2023 with a compound annual growth rate (CAGR) of 8.7%. By 2027, it is expected to reach $340.34 billion with a CAGR of 6.3%. The automotive logistics industry plays a crucial role in transporting automotive spare parts and finished vehicles efficiently. New product innovations and increased efficiency in finished vehicle logistics are driving market growth. Asia-Pacific is the largest and fastest-growing region in the market.
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