Global Automotive Spare Parts Logistics Market Growth (Status and Outlook) 2023-2029

Global Automotive Spare Parts Logistics Market Growth (Status and Outlook) 2023-2029

Logistics and supply chains for spare parts are different from those of finished products because the market for them is unstable. Many manufacturing companies are facing challenges because of an increase in operational costs and a decline in demand from consumers. Vendors of logistics services should be efficient in the provision of IT, data management, and SCM services. Accurate forecasting of demand takes systematic and proper planning, purchasing, and ordering of logistics operations. Logistics is the framework used to transport spare parts such as machine components, tools, and equipment required for the manufacture of new vehicles and replacement of defective parts. These parts can be transported by road, sea, rail, and air. Spare parts are also known as replacement parts, service parts, and repair parts. Spare parts are stored by vendors to be used when the demand arises for replacement or repair of a product. The demand for spares is characterized by fluctuations and volatility. It is affected by stochastic factors such as the intensity of product use, wear behavior, failure rates, and type of maintenance.

LPI (LP Information)' newest research report, the “Automotive Spare Parts Logistics Industry Forecast” looks at past sales and reviews total world Automotive Spare Parts Logistics sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Spare Parts Logistics sales for 2023 through 2029. With Automotive Spare Parts Logistics sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Spare Parts Logistics industry.

This Insight Report provides a comprehensive analysis of the global Automotive Spare Parts Logistics landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Spare Parts Logistics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive Spare Parts Logistics market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Spare Parts Logistics and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Spare Parts Logistics.

The global Automotive Spare Parts Logistics market size is projected to grow from US$ 43640 million in 2022 to US$ 55230 million in 2029; it is expected to grow at a CAGR of 3.4% from 2023 to 2029.

Global Automotive Spare Parts Logistics main players are UPS, CEVA, DB Schenker, Deutsche Post DHL, etc. Global top four manufacturers hold a share over 15%. Asia-Pacific is the largest market, with a share nearly 45%.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Spare Parts Logistics market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Air Freight
Ocean Freight
Inland Freight

Segmentation by application
OEM Supply
Aftermarket

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
UPS
CEVA
DB Schenker
Deutsche Post DHL
Toyota Tsusho
AnJi
FedEx
Kuehne+Nagel
DSV
Ryder System
Logwin
Kerry Logistics
SEKO
Yusen Logistics
TVS Logistics

Please note: The report will take approximately 2 business days to prepare and deliver.