5 Top Trends in the Auto Transport Industry in 2023
Estimated reading time: 6 minutes
In recent years, the auto transport industry has gone through some transformations and developments and overcome many challenges. It’s an industry that embraces new technology and plenty is going on in 2023 that excites us here at SGT Auto Transport.
To show you how we keep our finger on the pulse, this post explores some of the trends in the car shipping industry this year.
1. Advances in AI systems
Artificial Intelligence is playing a bigger and bigger part in many different industries, and when it comes to car shipping trends, advances in AI systems come in at number one. It’s being used in the transportation of vehicles and to take over many of the more mundane tasks.
In particular, AI is being used to speed up the car shipping process. One example is when AI is used to optimize routes for drivers and help them avoid traffic congestion.
AI also helps to lower costs and improve safety. It helps reduce the number of accidents caused by human error. In turn, this saves lives and lowers transport company insurance premiums.
Artificial Intelligence is very effective when it comes to detecting problems with vehicles before they occur. It also helps to reduce delivery time delays and at the same time save money on service calls or breakdowns in transit.
AI can be used to track shipments, and schedule pick-ups, and deliveries. With the help of AI, auto transport companies can ensure vehicles are transported quickly and efficiently.
Deep learning is a key part of artificial intelligence that helps AI detect potential problems before they occur. It allows for any issues to be addressed promptly which is a win-win situation for both the customer and the auto transport company.
2. Internet of Things (IoT)
IoT is applied to the logistics industry in many ways. For example, sensorized trucks and vans allow operators to track the location of goods at all times. In the auto transport industry, that means we can keep our customers informed on the progress of their vehicles during transportation.
The use of IoT also optimizes the number of vehicles on the road or the routes they follow. It is one of many auto transport trends that allows operators to save fuel and maintenance costs.
Other useful data that’s collected can be used to make decisions about speed, temperature, and the number of driving hours.
By collecting lots of data, car shipping companies become better organized. In addition, communication with customers improves because more accurate information can be shared with customers, such as arrival times.
Auto transport industry trends such as the Internet of Things, can be used to help design steering control systems. It can be used to provide information on speed or kilometers traveled to inform drivers that they’ve been on the road a certain number of hours and it’s time to take a break.
It can also warn drivers or managers that speed limits are being exceeded. In addition, environmental and road information warns drivers of upcoming driving hazards such as animals on the road, landslides, or sharp curves.
3. Electric and autonomous transportation
The full integration of autonomous transportation is still a way off, but when it happens, there will be significant benefits for the auto transport industry. Fully autonomous vehicles aren’t yet used on the road. The interference of a driver is still an essential part of the experience.
Autonomous vehicles are eco-friendly because they reduce transport emissions, eliminate road accidents, and enhance safety.
4. Visibility and GPS Anti-Theft
Tracking technologies and their ability to improve traceability is one of the major auto transport industry trends in 2023. Auto transport companies are focusing more and more on increased visibility.
Anti-theft GPS is one example of this type of technology. It allows transport managers to get the position of entire fleets and individual vehicles while in motion.
5. Transport Management Systems (TMS) and Advanced Load Matching (ALM)
Transportation management systems perform several functions including driver, inventory, and real-time shipment tracking. When this information is available it increases visibility and provides insights that might help reduce costs.
Advanced load matching is a slightly different kind of service. This type of tool aims to help auto carriers, brokers, and auto transport management companies like SGT Auto Transport, match cars that have to be shipped with the most appropriate fleet vehicle.
6. Increased compliance with regulations
This is one of the newest trends in the auto transport industry, but it would be more accurate to look at regulatory compliance as a need. New laws and regulations continue to be introduced, modified, or eliminated by federal, state, or local governments. Examples of some of the more recent monitoring regulations include electronic logbooks, safety procedures, and overtime.
Interesting auto transport industry statistics
We thought we’d finish up this post with some interesting car shipping industry statistics. Not many people realize how important the industry is and the impact it has on not just the US economy but the global economy as well.
- Demand for auto transport services has not yet recovered from the pandemic.
- An 80,000 truck driver shortage has been reported by the American Trucking Association (ATA).
- It is estimated that the truck driver shortage could reach 160,000 by 2030.
- A shortage of truck drivers could lead to a slower than expected growth which could lead to higher prices and a decrease in industry efficiency.
- In 2023, the market size of the auto transport industry will be $10.9 billion, with the expectation for it to increase by 1.3% in the same year.
- The auto transport industry’s performance is closely linked to the sales of new cars and light trucks.
- There are currently 4,848 auto transport businesses in the US.
If you ever need to ship your car across the country, you can rely on SGT Auto Transport to deliver a smooth, safe, affordable, and timely experience. We take full advantage of the latest auto transport trends, in order to provide an up-to-date service.
You’re probably wondering how much it might cost to ship your car. For your convenience, we’ve included a handy instant quote calculator here on this site.
If you’ve got any questions you want to ask or need to make a booking, you can reach our shipping advisors at (864) 546-5038 or by using Live Chat.
FAQs
How big is the auto transport industry?
As of 2022, the US transportation industry was worth $1.36 trillion. Transportation emissions account for 27% of the US total greenhouse gas emissions, and more than 10.5 million Americans work in the transportation and warehousing industry.
Is car hauling in demand?
Car hauling is in demand and there is a shortage of auto transport drivers in the industry.
What are the trends in auto transportation?
Three of the most exciting trends in auto transport are electrification, autonomous vehicles, and MaaS (mobility-as-a-service) providers.
What is the forecast for the car transportation industry?
The global car transportation market is anticipated to reach US $1.0052 billion by 2027.
What is the outlook for car hauling?
Projections are that the car hauling market will grow at a rate of 2.7% each year for the next 10 years.
