The management of the movement of parts or items needed by various manufacturers from one location to another is known as spare parts logistics. Due to an increase in vehicle production around the world, the global automotive spare parts logistics market is expected to grow. Storage, post-production, and modifications, as well as technical problems and/or pre-delivery inspections, which are a series of checks performed prior to the delivery of vehicle parts to the customer, are all part of the spare parts logistics service. The car manufacturer assigns a unique number to completed vehicles, which can be used to locate components.
MARKET SCOPE
The "Global Spare Parts Logistics Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the spare parts logistics market with detailed market segmentation by transportation mode, end-user, and geography. The report provides key statistics on the market status of the leading spare parts logistics players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on transportation mode, the global Spare parts logistics market is segmented into air, sea, and land.
- On the basis of end-user, the market is segmented into automotive, marine, electronics, industrial, aerospace, healthcare, and others.
MARKET DYNAMICS
Drivers:
- Rise in vehicle registrations in both developing and developed countries coupled with organized warehousing activities of automotive
- Rise in third-party logistics service providers, which are offering integrated warehousing solutions including order entry system and warehouse management system.
Restraints
- High cost of spare parts supply chain is expected to hamper the market
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The spare parts logistics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Spare parts logistics market in these regions.
IMPACT OF COVID-19 ON SPARE PARTS LOGISTICS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Spare parts logistics market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Spare parts logistics market are anticipated to lucrative growth opportunities in the future with the rising demand for Spare parts logistics market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Spare parts logistics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- CEVA Logistics AG
- DB Schenker
- DSV Panalpina A/S
- FedEx Corporation
- Kerry Logistics Network Limited
- Kuehne + Nagel International AG
- Logwin AG
- Nippon Express Co. Ltd.
- Schnellecke Group AG & Co. KG
- TVS Supply Chain Solutions
The Insight Partner?s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.