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

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR40971
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The spare parts logistics market share is expected to increase by USD 25.36 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 7.00%.

This spare parts logistics market research report 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, electronics, industrial, aerospace, and others) and geography (APAC, Europe, North America, South America, and MEA). The spare parts logistics market report also offers information on several market vendors, including CEVA Logistics AG, Deutsche Bahn AG, Deutsche Post DHL Group, DSV Panalpina AS, FedEx Corp., Kuehne Nagel International AG, Nippon Express Co. Ltd., Toyota Tsusho Corp., United Parcel Service Inc., and XPO Logistics Inc. among others.

What will the Spare Parts Logistics Market Size be During the Forecast Period?

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Spare Parts Logistics Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing average vehicle age is notably driving the spare parts logistics market growth, although factors such as the adoption of 3D printing in the manufacturing industry 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. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Spare Parts Logistics Market Driver

The increasing average vehicle age will be one of the significant factors driving the growth of the spare parts logistics market size during the forecast period. The use of quality parts is encouraging customers to use their vehicles for the full life cycle. Customers are also making retrofit investments to prolong the life of their old vehicles. Moreover, the increasing average vehicle cost is limiting the sale of new vehicles. This increasing average vehicle age of passengers, as well as commercial vehicles, will boost the demand for vehicle maintenance. As a result, the demand for spare parts logistics will also increase.

Key Spare Parts Logistics Market Trend

The adoption of Industry 4.0 to enhance the overall operating efficiency will be one of the critical spare parts logistics market trends augmenting the growth prospects of the spare parts logistics market. The manufacturing sector is evolving its operations to Industry 4.0 which involves the combination of the physical and digital use of advanced technologies. The use of Internet of Things (IoT), cloud computing, cognitive computing, and cyber-physical system in Industry 4.0 will enable manufacturers to increase their output, streamline operations, reduce business risk, and ensure business growth. Moreover, network flexibility and high connectivity offered by Industry 4.0 will allow industrial manufacturers to easily shift their operations among different facilities and enhance the efficiency of the spare parts logistics supply chain.

This spare parts logistics market analysis report 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?

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

 

  • CEVA Logistics AG
  • Deutsche Bahn AG
  • Deutsche Post DHL Group
  • DSV Panalpina AS
  • FedEx Corp.
  • Kuehne Nagel International AG
  • Nippon Express Co. Ltd.
  • Toyota Tsusho Corp.
  • United Parcel Service Inc.
  • XPO Logistics Inc.

 

This statistical study of the spare parts logistics market encompasses successful business strategies deployed by the key vendors. The spare parts logistics market is fragmented and the vendors are deploying various organic and inorganic growth strategies 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 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?

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44% of the market’s growth will originate from APAC during the forecast period. China is a key market for spare parts logistics in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increase in hardware spending and government initiatives to develop logistics infrastructure will facilitate the spare parts logistics market growth in APAC 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?

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The spare parts logistics market share growth by the automotive segment will be significant during the forecast period. The increasing production and sales of passenger vehicles will be one of the significant factors driving spare parts logistics market growth in this segment.

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

 

Spare Parts Logistics Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.00%

Market growth 2021-2025

$ 25.36 billion

Market structure

Fragmented

YoY growth (%)

6.48

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 44%

Key consumer countries

China, US, Germany, UK, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

CEVA Logistics AG, Deutsche Bahn AG, Deutsche Post DHL Group, DSV Panalpina AS, FedEx Corp., Kuehne Nagel International AG, Nippon Express Co. Ltd., Toyota Tsusho Corp., 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 recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Spare Parts Logistics Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive spare parts logistics market growth during the next five years
  • Precise estimation of the spare parts logistics market size 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 APAC, Europe, North America, South America, and MEA
  • 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

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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
    • Electronics - Market size and forecast 2020-2025
    • Industrial - Market size and forecast 2020-2025
    • Aerospace - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • CEVA Logistics AG
      • Deutsche Bahn AG
      • Deutsche Post DHL Group
      • DSV Panalpina AS
      • FedEx Corp.
      • Kuehne Nagel International AG
      • Nippon Express Co. Ltd.
      • Toyota Tsusho Corp.
      • 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 $25.36 billion during 2020-2025.
      The spare parts logistics market is expected to grow at a CAGR of 7.00% during 2020-2025.
      Technavio has segmented the spare parts logistics market by end user (Automotive, Electronics, Industrial, Aerospace, and Others) and geographic (APAC, Europe, North America, South America, and MEA).
      CEVA Logistics AG, Deutsche Bahn AG, Deutsche Post DHL Group, DSV Panalpina AS, FedEx Corp., Kuehne Nagel International AG, Nippon Express Co. Ltd., Toyota Tsusho Corp., United Parcel Service Inc., XPO Logistics Inc. are a few of the key vendors in the spare parts logistics market.
      APAC will register the highest growth rate of 44.01% among the other regions. Therefore, the spare parts logistics market in APAC 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:
      • Increase in electronic components trade between India and China
      • Enhancing the operating efficiency with Industry 4.0
      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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