Spare Parts Logistics Market 2019-2026
Market Synopsis:
The global spare parts logistics market is expected to grow at a moderate CAGR during the forecast period, as per the latest market report. One of the key factors driving the growth of the spare parts logistics market is the increasing lifespan of vehicles in today’s times. Additionally, owing to a rise in the average vehicle costs, the purchase rate of new vehicles has gone down since consumers prefer utilizing their old vehicle during its complete life cycle. The resultant need for vehicle repair and maintenance is expected to ensure a steady growth for the spare parts logistics market in the coming years.
Spare parts logistics is a sector of the logistics industry, which provides solutions for delivering spare parts to end customers. A spare part, or a service part or repair part, is an interchangeable part of any machine. Spare parts are stored as inventory that can be utilised if the corresponding interchangeable part is damaged or has stopped functioning. Globally, the rapidly progressing automotive sector in developed as well as developing countries is expected to contribute towards the growth of the spare parts logistics market.
Some of the other factors expected to influence the growth of the spare parts logistics market in a positive way include the increasing production of passenger vehicles, rise in demand and the purchasing power of consumers etc. Additionally, growing sectors like the consumer electronics sector, advancements in designs and product features are creating a demand for specific spare parts, thus driving the spare parts logistics market. However, factors like the fragmentation of the spare parts logistics market and availability of cheaper copies of specific spare parts are some of the reasons that could hamper the growth of the spare parts logistics market.
Major Key Players:
CEVA
Toyota Tsusho
SEKO
Kerry Logistics
Logwin
UPS
FedEx
Kuehne+Nagel
DSV
DHL
AnJi
Ryder System
TVS Logistics
Kuehne + Nagel
Deutsche Post DHL
DB Schenker
UPS
Yusen Logistics
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Market Segmentation:
On the basis of type, the spare parts logistics market is segmented as air freight, ocean frieght and inland frieght.
On the basis of application, the spare parts logistics market is segmented as automotive sector, industrial sector, aerospace sector and electronics sector.
Regional Analysis:
Geographically, the spare parts logistics market is segmented as the North America, Europe, Asia Pacific, Southest Asia, Central and South America and Middle East and Africa.
The North American segment of the spare parts logistics market is further segmented as the US.
The European segment of the spare parts logistics market is further segmented as Germany, UK, France, Italy, Spain, Russia and Poland.
The Asia Pacific segment of the spare parts logistics market is further segmented as China, Japan and India.
The Southeast Asian segment of the spare parts logistics market is further segmented as Malaysia, Singapore, Philippines, Indonesia, Thailand and Vietnam.
The Central and South American segment of the spare parts logistics market is further segmented as Brazil, Mexico and Columbia.
The Middle Eastern and African segment of the spare parts logistics market is further segmented as Saudi Arabia, UAE, Turkey, Egypt, South Africa, Nigeria and other regions.
Industry News:
In January 2019, SEKO Logistics tripled the size of their Chicago hub after acquiring GoodShip International, the customs broker and freight forwarder qith headquarters in Chicago. This move has lead to SEKO providing a wider horizon of services as compared to their competitors.
Table of Contents:
1 Spare Parts Logistics Market Overview
2 Global Spare Parts Logistics Market Landscape by Player
3 Players Profiles
4 Global Spare Parts Logistics Production, Revenue (Value), Price Trend by Type
5 Global Spare Parts Logistics Market Analysis by Application
6 Global Spare Parts Logistics Production, Consumption, Export, Import by Region (2014-2019)
7 Global Spare Parts Logistics Production, Revenue (Value) by Region (2014-2019)
8 Spare Parts Logistics Manufacturing Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Market Dynamics
Continued…..
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