Spare Parts Logistics Market in Europe by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR71045
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The spare parts logistics market in Europe has the potential to grow by USD 2.88 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.47%.

This spare parts logistics market research report of Europe provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (automotive, industrial, aerospace, and electronics) and geography (Germany, Italy, France, and rest of Europe). The spare parts logistics market report of Europe also offers information on several market vendors, including Bertelsmann SE and Co. KGaA, CEVA Logistics AG, Deutsche Post AG, DSV Panalpina AS, Expeditors International of Washington Inc., FIEGE Logistik Stiftung and Co. KG, Kuehne Nagel International AG, Schenker AG, United Parcel Service Inc., and XPO Logistics Inc. among others.

What will the Spare Parts Logistics Market Size in Europe be in 2021?

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Spare Parts Logistics Market in Europe: Key Drivers and Trends

The increasing average age of vehicles is notably driving the spare parts logistics market growth in Europe, although factors such as complexities involved in time-bound deliveries and customized supply chains may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the spare parts logistics industry in Europe. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The growing average age of vehicles is expected to increase the need for vehicle maintenance and part replacement, thereby driving the demand for spare parts logistics in Europe.
  • The majority of the European population is now keeping the same vehicle for a longer duration as it is manufactured using high-quality parts.
  • The average cost of vehicles across the region is increasing, which is discouraging consumers from purchasing new vehicles.
  • The European population is utilizing their old vehicles until it reaches its full lifespan or even longer with proper investments in retrofitting.
  • Besides passenger cars, the average age of commercial vehicles is also increasing in Europe. 
  • The increasing penetration of electronics and the dependence of vehicles on them have made spare parts crucial electronic components in vehicles. Such factors are driving the need for spare parts logistics in the automotive industry during the forecast period. 
  • Modern vehicles are fitted with a large number of electronic components that enhance their functional efficiency and reduce their overall weight.
  • The electrification of various mechanical systems has allowed vehicle manufacturers to increase their efficiency, limit emissions, and boost their performance.
  • Electrification has been a major factor for enhanced technological developments in the automotive industry.
  • The growing use of automotive electronics in modern vehicles necessitates the adoption of automotive spare parts to control the body electronics of vehicles. 

This spare parts logistics market analysis report of Europe also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Spare Parts Logistics Market Vendors in Europe?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Bertelsmann SE and Co. KGaA
  • CEVA Logistics AG
  • Deutsche Post AG
  • DSV Panalpina AS
  • Expeditors International of Washington Inc.
  • FIEGE Logistik Stiftung and Co. KG
  • Kuehne Nagel International AG
  • Schenker AG
  • United Parcel Service Inc.
  • XPO Logistics Inc.

 

This statistical study of the spare parts logistics market in Europe encompasses successful business strategies deployed by the key vendors. The spare parts logistics market in Europe is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The spare parts logistics market forecast report of Europe offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Spare Parts Logistics Market in Europe?

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64% of the market’s growth will originate from the rest of Europe during the forecast period. Market growth in this region will be faster than the growth of the market in Germany, Italy, and France.

The growth in the production and sale of SUVs and commercial vehicles will facilitate the spare parts logistics market growth in the rest of Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Spare Parts Logistics Market in Europe?

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The spare parts logistics market share growth in Europe by the automotive segment will be significant during the forecast period. The major demand for this segment is expected to arise from the passenger vehicle sector. Filters, brakes, suspension, and shock absorbers are some of the key spare parts used in passenger vehicles, which require frequent replacements. Owing to the presence of a high number of vehicles in use, Europe is one of the world's largest automotive aftermarkets. The rising vehicle sales are expected to boost the demand for spare parts, thereby increasing the demand for spare parts logistics during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the spare parts logistics market size in Europe and actionable market insights on post COVID-19 impact on each segment.

 

Spare Parts Logistics Market Scope in Europe

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.47%

Market growth 2021-2025

$ 2.88 billion

Market structure

Fragmented

YoY growth (%)

3.00

Regional analysis

Germany, Italy, France, and Rest of Europe

Performing market contribution

Rest of Europe at 64%

Key consumer countries

Germany, Italy, France, and Rest of Europe

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Bertelsmann SE and Co. KGaA, CEVA Logistics AG, Deutsche Post AG, DSV Panalpina AS, Expeditors International of Washington Inc., FIEGE Logistik Stiftung and Co. KG, Kuehne Nagel International AG, Schenker AG, United Parcel Service Inc., and XPO Logistics Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Spare Parts Logistics Market Report of Europe?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive spare parts logistics market growth in Europe during the next five years
  • Precise estimation of the spare parts logistics market size in Europe and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the spare parts logistics industry across Germany, Italy, France, and rest of Europe
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of spare parts logistics market vendors in Europe 

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Automotive - Market size and forecast 2020-2025
    • Industrial - Market size and forecast 2020-2025
    • Aerospace - Market size and forecast 2020-2025
    • Electronics - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • Germany - Market size and forecast 2020-2025
    • Italy - Market size and forecast 2020-2025
    • France - Market size and forecast 2020-2025
    • Rest of Europe - Market size and forecast 2020-2025
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Bertelsmann SE and Co. KGaA
    • CEVA Logistics AG
    • Deutsche Post AG
    • DSV Panalpina AS
    • Expeditors International of Washington Inc.
    • FIEGE Logistik Stiftung and Co. KG
    • Kuehne Nagel International AG
    • Schenker AG
    • United Parcel Service Inc.
    • XPO Logistics Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    The spare parts logistics market growth will increase by $2875.98 million during 2020-2025.
    The spare parts logistics market is expected to grow at a CAGR of 3.47% during 2020-2025.
    Technavio has segmented the spare parts logistics market by end user (Automotive, Industrial, Aerospace, and Electronics) and geographic (Germany, Italy, France, and Rest of Europe).
    Bertelsmann SE and Co. KGaA, CEVA Logistics AG, Deutsche Post AG, DSV Panalpina AS, Expeditors International of Washington Inc., FIEGE Logistik Stiftung and Co. KG, Kuehne Nagel International AG, Schenker AG, United Parcel Service Inc., XPO Logistics Inc. are a few of the key vendors in the spare parts logistics market.
    Rest of Europe will register the highest growth rate of 64.41% among the other regions. Therefore, the spare parts logistics market in Rest of Europe is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the spare parts logistics market growth are:
    • Increasing average age of vehicles
    The spare parts logistics market vendors should focus on grabbing business opportunities from the automotive segment as it accounted for the largest market share in the base year.
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