Global Spare Parts Logistics Market 2024-2028

Global Spare Parts Logistics Market 2024-2028

Technavio has been monitoring the spare parts logistics market and is forecast to grow by USD 24.2 bn during 2023-2028, accelerating at a CAGR of 5.6% during the forecast period. Our report on the spare parts logistics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in electronic components trade between India and China, increasing average vehicle age, and increasing hardware spending in APAC.

Technavio's spare parts logistics market is segmented as below:

By End-user

• Automotive
• Electronics
• Industrial
• Aerospace
• Others

By Type

• Forward
• Reverse

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the enhancing operating efficiency with industry 4.0 as one of the prime reasons driving the spare parts logistics market growth during the next few years. Also, penetration of blockchain in logistics industry and increase in mergers and acquisitions activities will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the spare parts logistics market covers the following areas:

• Spare parts logistics market sizing
• Spare parts logistics market forecast
• Spare parts logistics market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading spare parts logistics market vendors that include CEVA Logistics, DACHSER SE, Deutsche Bahn AG, Deutsche Post AG, DSV AS, Expeditors International of Washington Inc., FedEx Corp., GEODIS, Kerry Logistics Network Ltd., Kuehne Nagel Management AG, LOGISTEED Ltd., Lufthansa Cargo, Nippon Express Holdings Inc., Ryder System Inc., SEKO Logistics, Scan Global Logistics, Toyota Motor Corp., TVS Supply Chain Solutions Ltd., United Parcel Service Inc., and XPO Inc.. Also, the spare parts logistics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.