Global Spare Parts Logistics Industry to reach USD 51728.84 million by 2025. Global Spare Parts Logistics Industry valued approximately USD 42900 million in 2017 is forecasted to grow with a healthy growth rate of more than 5.93% over the forecast period 2018-2025. The major factors speculated to augment the markets are escalating needs for spare parts owing to aging operational on-road vehicles, and growing focus of OEMs on the after Industry for high-profit margins. Spare parts logistics services involve facilities like integrated contract logistics solutions. These solutions include all the perspectives of spare parts fulfillment, from catalog management of spare parts & customer services to planning supply chains, expanding warehousing and distribution solutions.
The regional analysis of Global Spare Parts Logistics Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading region across the world in terms of Industry share. Moreover, owing to the countries such as China, Japan, and India, Asia Pacific region is also expected to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Major market players in Spare Parts Logistics Industry players include Deutsche Post DHL Group, CEVA Logistics, UPS, DB Schenker, Kuehne + Nagel, Panalpina, KSB SE & Co., DPD Group, Geodis, GEFCO S.A., and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
The detailed segments and sub-segment of the Industry are explained below:
• Industrial Sector
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa