Industry Background:
The main purpose of spare parts logistics is a demand-driven, cost-minimal provision of the required spare parts for the maintenance of primary products to ensure an optimal level of availability or reliability of the product. Spare parts are an important feature of logistics engineering and often, dedicated spare parts management systems are needed to keep production activities more efficient. The global spare parts logistic market is projected to witness a considerable growth in near future due to aging operational on-road vehicles rising demand for spare parts and increasing demand from end-users such as automotive and machinery
The Global Spare Parts Logistics market presents a comprehensive analysis of the Spare Parts Logistics market by product type (Air Freight, Ocean Freight and Inland Freight), by end-user/application (Automotive, Industrial Sector, Technology Industry, Electronics and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Manufacturers profiled in the report are UPS (United States), CEVA Logistics (Switzerland), DB Schenker (Germany), Toyota Tsusho (Japan), FedEx (United States), Kuehne+Nagel (Switzerland), DSV (Denmark), Ryder System (United States), Logwin (Luxembourg), Rhenus Group (Germany) and Kerry Logistics (Hong Kong). Additionally, other players that are part of this comprehensive study are SEKO (United States), Yusen Logistics (United States) and TVS Logistics (India).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2022-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | UPS (United States), CEVA Logistics (Switzerland), DB Schenker (Germany), Toyota Tsusho (Japan), FedEx (United States), Kuehne+Nagel (Switzerland), DSV (Denmark), Ryder System (United States), Logwin (Luxembourg), Rhenus Group (Germany) and Kerry Logistics (Hong Kong) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Blockchain technology to ease tracking and traceability in spare parts supply chain and 3-D printing to transform the supply chain of spare parts
Market Growth Drivers:
Aging operational on-road vehicles rising demand for spare parts and Increase in demand from major end-users such as automotive, and machinery
Challenges:
Growing demand for warehouses increasing cost for logistics providers
Restraints:
High inventory cost & low warehousing space will hinder the Spare Parts Logistics Market
Opportunities:
Technological advancements in spare parts logistics will boost the Spare Parts Logistics market
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Spare Parts Logistics industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest. For instance, while the North America holds majority of market share of the Spare Parts Logistics, the Asia Pacific has emerged as a crucial market for several Spare Parts Logistics brands.
The Enterprise Size, such as Small & Medium Enterprise, is boosting the Spare Parts Logistics market and is anticipated to experience a steady growth during the forecast period.
The regional segmentation covered in this report are:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)