Spare Parts Logistics Market Current Trend & Industry Growth Evaluation Forecast to 2022


Posted June 4, 2019 by Market_News

Spare parts logistics is the management of the flow of accessories required by different industries from one location to another. 

 
4th June 2019 - Global Spare Parts Logistics Market is estimated to grow substantially in the forecast period due to growing emphasis of OEMs on aftermarket for better profits. Spare parts logistics is the management of the flow of accessories required by different industries from one location to another. It helps in proper planning of the process chain, looks after supply management, controls the availability of stocks and service parameters, inspects the quality of spare parts, and tracks the consignment.

Factors influencing the growth of the market are rise in demand for spare parts for automobiles, increasing developments in automobile industry, and rising investments in service industry. Moreover, increased competition among market players and rise in demand from developing economies of Asia Pacific like China and India are also driving the spare part logistics market. However, high cost of spare parts supply chain is expected to hamper the market growth.

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Advent of block-chain technology for simplified tracking of the spare parts supply chain is one trend observed in the market. Nonetheless, increasing need for curtailing the costs of supply chain is a challenge for the spare parts logistics market.

Market is categorized on the basis of type, application, and geography. On the basis of type, market is divided into waterway freight, airway freight, and roadway freight. Roadway freight segment lead the market owing to booming automobile industry.

In terms of application, market is divided into technology industry, industrial sector, electronics industry, automotive sector, and others. Automotive sector is predicted to hold larger share of the market due to high demand for the spare parts because of rising demand for vehicles.

Geographically, market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific and Middle East and Africa is anticipated to dominate the market owing to developments in automotive industry. Europe is also expected to hold larger share of the market due to the presence of larger number of manufacturers and mature automobile market.

The prominent players in spare parts logistics market include Deutsche Post DHL, Ryder, CEVA Logistics, Lockheed Martin, Kuehne + Nagel Inc., SEKO Logistics, Beumer Group, Network Global Logistics, TVS Logistics, FedEx Supply Chain, Broekman Logistics, Logwin, PTC Servigistics, Choice Logistics, Kerry Logistics, and United Parcel Service of America Inc.

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Table of Contents

1 Industry Overview of Spare Parts Logistics

1.1 Spare Parts Logistics Market Overview

1.1.1 Spare Parts Logistics Product Scope

1.1.2 Market Status and Outlook

1.2 Global Spare Parts Logistics Market Size and Analysis by Regions

1.2.1 United States

1.2.2 EU

1.2.3 Japan

1.2.4 China

1.2.5 India

1.2.6 Southeast Asia

1.3 Spare Parts Logistics Market by Type

1.3.1 Repairable

1.3.2 Consumables

1.3.3 Other

1.4 Spare Parts Logistics Market by End Users/Application

1.4.1 Automotive Sector

1.4.2 Industrial Sector

1.4.3 Aerospace Sector

1.4.4 Electronics Sector

1.4.5 Other



2 Global Spare Parts Logistics Competition Analysis by Players

2.1 Spare Parts Logistics Market Size (Value) by Players (2016 and 2017)

2.2 Competitive Status and Trend

2.2.1 Market Concentration Rate

2.2.2 Product/Service Differences

2.2.3 New Entrants

2.2.4 The Technology Trends in Future

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Issued By Million insights
Country India
Categories Automotive , Business , Industry
Tags automotive transport , spare parts logistics market
Last Updated June 4, 2019