Market Overview:
The global spare part logistics market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for spare parts from various end-use industries, such as automotive, electronics, and industrial. In addition, the growing demand for air spare parts and ocean spare parts is also contributing to the growth of this market. The global spare part logistics market can be segmented on the basis of type into inland spare part logistics, air spare part logistics, and ocean freight spares. The inland spares segment is projected to grow at a higher CAGR during the forecast period than other segments owing to its low cost as compared with other modes of transportation such as air freight and ocean freight.
Product Definition:
A spare part is an element of a machine or system that can be replaced when it fails, wears out, or is no longer needed. Spare parts logistics refers to the management and movement of these replacement parts around a company or between companies. The importance of spare part logistics lies in its ability to keep machines and systems up and running by providing replacement parts when they are needed.
Inland Spare Part Logistics:
Inland spare part logistics is the supply of replacement and repair parts, accessories and equipment to industrial customers. It includes transportation of finished goods from manufacturer to customer as well as from supplier to distributor or user. Inland spare part logistics services are used in various industries such as automotive, aerospace & defense, energy & power among others. Growth in these industries has led to an increase in demand for inland spare parts which has further propelled the market growth over the forecast period.
Air Spare Part Logistics:
Air spare part logistics is the supply of replacement parts and components by manufacturers or suppliers for manufacturing equipment. It includes the transportation of manufactured goods from manufacturer to another with no physical presence of product during transport. Air spare parts are usually shipped in containers from one destination to another without any physical connection between them. The concept was initiated by Federal Express, a U.
Application Insights:
The automotive application segment accounted for the largest share of over 30.0% in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030. The growth can be attributed to the increasing production levels of passenger cars and commercial vehicles, especially in China, India, South Korea and Japan. In addition, technological advancements such as digitalization are expected to increase the usage rate of electronic devices over the forecast period thereby driving spare part logistics solutions across all major automotive manufacturers globally including Ford Motor Company; General Motors; Tesla; Toyota Motor Corporation; Honda Motor Co.; Nissan North America Inc.; Volkswagen AG ;and BMW AG among others.
Electronics is another prominent application segment where supply chain management plays an important role in reducing downtime by ensuring quick replacement with identical parts while maintaining cost efficiency during operations Spare parts are used in various electronic products such as smartphones, laptops/notebooks etc.
Regional Analysis:
Asia Pacific regional spare part logistics market is expected to witness significant growth over the forecast period owing to the presence of a large number of manufacturers in countries, such as China, India, and Japan. The region is also home to several end-user companies that are in need of spares for day-to-day operations. Growing industrialization and rapid urbanization in emerging economies are likely to contribute significantly toward industry expansion over the next eight years.
The European regional market captured a revenue share of more than 20% in 2017 owing to high manufacturing rates across various industries including automotive, aerospace & defense, electronics & electricals equipment etc., which resulted into high demand for spare parts within Europe itself as well as other regions globally. However North America may lose its share due to growing competition from Asia Pacific countries with low labor costs and free trade agreements with U.S.
In terms of revenue surplus country U.
Growth Factors:
- Increasing demand for spare parts from the automotive and manufacturing industries
- Growing popularity of online spare part stores
- Proliferation of e-commerce platforms and the growth of omni-channel retailing
- Rising number of vehicle recalls and subsequent increase in demand for replacement parts
- Increased focus on cost efficiency and sustainability by businesses
Scope Of The Report
Report Attributes
Report Details
Report Title
Spare Part Logistics Market Research Report
By Type
Inland Spare Part Logistics, Air Spare Part Logistics, Ocean Spare Part Logistics
By Application
Automotive, Electronics, Industrial, Aerospace, Others
By Companies
CEVA Logistics, FedEx, Kuehne + Nagel, Toyota Tsusho Corporation, United Parcel Service of America, Kerry Logistics Network Limited, Deutsche Post AG, Ryder System, Logwin AG, Yusen Logistics, DSV AS, Schnellecke, Rudolph Logistics Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Spare Part Logistics Market Report Segments:
The global Spare Part Logistics market is segmented on the basis of:
Types
Inland Spare Part Logistics, Air Spare Part Logistics, Ocean Spare Part Logistics
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Electronics, Industrial, Aerospace, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CEVA Logistics
- FedEx
- Kuehne + Nagel
- Toyota Tsusho Corporation
- United Parcel Service of America
- Kerry Logistics Network Limited
- Deutsche Post AG
- Ryder System
- Logwin AG
- Yusen Logistics
- DSV AS
- Schnellecke
- Rudolph Logistics Group
Highlights of The Spare Part Logistics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Inland Spare Part Logistics
- Air Spare Part Logistics
- Ocean Spare Part Logistics
- By Application:
- Automotive
- Electronics
- Industrial
- Aerospace
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Spare Part Logistics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Spare part logistics is the process of managing and tracking the movement of parts and components between suppliers, manufacturers, distributors, end users and other related entities. It includes activities such as inventory management, order fulfillment, quality control and customer service.
Some of the major players in the spare part logistics market are CEVA Logistics, FedEx, Kuehne + Nagel, Toyota Tsusho Corporation, United Parcel Service of America, Kerry Logistics Network Limited, Deutsche Post AG, Ryder System, Logwin AG, Yusen Logistics, DSV AS, Schnellecke, Rudolph Logistics Group.
The spare part logistics market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Spare Part Logistics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Spare Part Logistics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spare Part Logistics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Spare Part Logistics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Spare Part Logistics Market Size & Forecast, 2018-2028
4.5.1 Spare Part Logistics Market Size and Y-o-Y Growth
4.5.2 Spare Part Logistics Market Absolute $ Opportunity
Chapter 5 Global Spare Part Logistics Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Spare Part Logistics Market Size Forecast by Type
5.2.1 Inland Spare Part Logistics
5.2.2 Air Spare Part Logistics
5.2.3 Ocean Spare Part Logistics
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Spare Part Logistics Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Spare Part Logistics Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Electronics
6.2.3 Industrial
6.2.4 Aerospace
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spare Part Logistics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Spare Part Logistics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Spare Part Logistics Analysis and Forecast
9.1 Introduction
9.2 North America Spare Part Logistics Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Spare Part Logistics Market Size Forecast by Type
9.6.1 Inland Spare Part Logistics
9.6.2 Air Spare Part Logistics
9.6.3 Ocean Spare Part Logistics
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Spare Part Logistics Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Electronics
9.10.3 Industrial
9.10.4 Aerospace
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Spare Part Logistics Analysis and Forecast
10.1 Introduction
10.2 Europe Spare Part Logistics Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Spare Part Logistics Market Size Forecast by Type
10.6.1 Inland Spare Part Logistics
10.6.2 Air Spare Part Logistics
10.6.3 Ocean Spare Part Logistics
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Spare Part Logistics Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Electronics
10.10.3 Industrial
10.10.4 Aerospace
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Spare Part Logistics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Spare Part Logistics Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Spare Part Logistics Market Size Forecast by Type
11.6.1 Inland Spare Part Logistics
11.6.2 Air Spare Part Logistics
11.6.3 Ocean Spare Part Logistics
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Spare Part Logistics Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Electronics
11.10.3 Industrial
11.10.4 Aerospace
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Spare Part Logistics Analysis and Forecast
12.1 Introduction
12.2 Latin America Spare Part Logistics Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Spare Part Logistics Market Size Forecast by Type
12.6.1 Inland Spare Part Logistics
12.6.2 Air Spare Part Logistics
12.6.3 Ocean Spare Part Logistics
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Spare Part Logistics Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Electronics
12.10.3 Industrial
12.10.4 Aerospace
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Spare Part Logistics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Spare Part Logistics Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Spare Part Logistics Market Size Forecast by Type
13.6.1 Inland Spare Part Logistics
13.6.2 Air Spare Part Logistics
13.6.3 Ocean Spare Part Logistics
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Spare Part Logistics Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Electronics
13.10.3 Industrial
13.10.4 Aerospace
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Spare Part Logistics Market: Competitive Dashboard
14.2 Global Spare Part Logistics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CEVA Logistics
14.3.2 FedEx
14.3.3 Kuehne + Nagel
14.3.4 Toyota Tsusho Corporation
14.3.5 United Parcel Service of America
14.3.6 Kerry Logistics Network Limited
14.3.7 Deutsche Post AG
14.3.8 Ryder System
14.3.9 Logwin AG
14.3.10 Yusen Logistics
14.3.11 DSV AS
14.3.12 Schnellecke
14.3.13 Rudolph Logistics Group
