Global Car Carrier Market Size To Exceed USD 14.35 Billion By 2033: Market Size Report

Global Car Carrier Market Size To Exceed USD 14.35 Billion By 2033

According to a research report published by Spherical Insights & Consulting, The Global Car Carrier Market Size is Expected to Grow from USD 10.30 Billion in 2023 to USD 14.35 Billion by 2033, Growing at a CAGR of 3.37% during the forecast period 2023-2033.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Car Carrier Market Size, Share, and COVID-19 Impact Analysis, By Type (Open Air, Enclosed), By Application (Terminals, Automotive Service, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

The worldwide car carrier market refers to businesses that focus on manufacturing and distributing vehicles or machines for the simultaneous transportation of several cars. For long-distance automobile transportation, automakers, dealerships, and logistics firms usually use these carriers. The market is driven by the increasing growth of the worldwide automotive field and the increasing demand for reliable vehicle transportation. Moreover, the need for both land-based and sea-based cars as a result of the automotive industry's globalization trade, which makes cross-border vehicle transportation. However, the market growth is hampered by fierce competition or saturation among the carrier suppliers.

The enclosed segment accounted for a significant share of the global car carrier market in 2023 and is projected to grow at a rapid pace over the forecast period.

On the basis of the type, the global car carrier market is segmented into open air and enclosed. Among these, the enclosed segment accounted for a significant share of the global car carrier market in 2023 and is projected to grow at a rapid pace over the forecast period. This is due to offering high-end security regarding luxury and vintage car models.

The automobile sales service segment held the highest share of the global car carrier market in 2023 and is expected to grow at a notable CAGR over the forecast period.

On the basis of the application, the global car carrier market is classified into terminals, automotive service, and others. Among these, the automobile sales service segment held the highest share of the global car carrier market in 2023 and is expected to grow at a notable CAGR over the forecast period. This is due to the high need for automotive transportation in case of testing or servicing them from one operational site to another.

Asia Pacific is estimated to hold the largest share of the global car carrier market over the forecast period.

Asia Pacific is estimated to hold the greatest share of the global car carrier market over the forecast period. The regional market growth is influenced by increasing automobile manufacturing, due to rising consumer demand for automobiles. This market is dominated by China, Japan, India, and South Korea, which have made considerable investments in the logistics and auto sectors.

Europe is estimated to grow at the fastest CAGR of the global car carrier market over the forecast period. The regional market growth is accelerated by the strong demand for automotive and the existence of key automakers. The rising production and export of automobiles, especially in nations like Germany, France, and Italy, is driving up the market for car carriers.

Company Profiling 

Major vendors in the global car carrier market are Mitsui & Co. Ltd., Nippon Yusen KK, K Line, EUKOR Car Carriers Inc., Dongfeng Trucks, Miller Industries Inc., Tec Equipment Inc., Boydstun Equipment Manufacturing, Landoll Corporation, Wally-Mo Trailers, Cottrell Trailers, Kässbohrer Transport Technik GmbH, Lohr Industrie, and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In August 2024, Metrans launched 20-foot containers for car transport, and its design collaboration with Slovenian and Austrian partners. These steel containers can transport up to two cars and utilize both rail and road logistics.

Market Segment                                           

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global car carrier market based on the below-mentioned segments: 

Global Car Carrier Market, By Type

• Open Air
• Enclosed

Global Car Carrier Market, By Application

• Terminals
• Automotive Service
• Others

Global Car Carrier Market, By Regional

•  North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa