Global spare parts logistics market to grow at a CAGR of 5.94% during the period 2018-2022

Global Spare Parts Logistics Market 2018-2022
New report “Global Spare Parts Logistics Market 2018-2022” says the global spare parts logistics market to grow at a CAGR of 5.94% during the period 2018-2022. One driver in the market is aging operational on-road vehicles increasing demand for spare parts.

Following companies as the key players in the global spare parts logistics market: CEVA Logistics, DB Schenker, Deutsche Post DHL Group, Kuehne + Nagel, and UPS.

Commenting on the report, an analyst from Research team said: One trend in the market is emerging electric vehicles expected to disrupt automotive aftermarket logistics. Electric vehicles are gaining popularity, proliferating their sales. By 2030, electric vehicles will have more than 25% market share in Europe. In North America, the sales of electric vehicles are expected to be more than 30% by 2030.

According to the report, one driver in the market is aging operational on-road vehicles increasing demand for spare parts. The average lifespan of vehicles is increasing because they are manufactured with quality parts. As of 2016, the average lifespan of a vehicle was around 15 years, however some owners also use the vehicles beyond the 15-year mark also. In the US, in 2016, there were more than 40 million on-road vehicles whose average age range was between 16 and 24 years.

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Further, the report states that one challenge in the market is growing demand for warehouses increasing cost for logistics providers. The demand for warehouses is increasing globally. One of the reasons for this growth is the rising e-commerce sales. In the US, the vacancy rate of the industrial space fell to an all-time low of 4.5%-5.2% in 2017. Industrial spaces include warehouses, factories, office spaces, multi-use buildings, and light manufacturing buildings.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

The market is expected to grow at a CAGR of 5.08%

About Spare Parts Logistics

Spare parts logistics services involve facilities such as integrated contract logistics solutions. These solutions cover all the aspects of spare parts fulfillment, from planning supply chains and developing warehousing and distribution solutions to inventory management of spare parts and customer services.

Analysts forecast the global spare parts logistics market to grow at a CAGR of 5.94% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global spare parts logistics market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • • Americas
  • • APAC
  • • EMEA

Global Spare Parts Logistics Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

  • • CEVA Logistics
  • • DB Schenker
  • • Deutsche Post DHL Group
  • • Kuehne + Nagel
  • • UPS

Market driver

  • • Aging operational on-road vehicles increasing demand for spare parts
  • • For a full, detailed list, view our report

Market challenge

  • • Growing demand for warehouses increasing cost for logistics providers
  • • For a full, detailed list, view our report

Market trend

  • • Emerging electric vehicles expected to disrupt automotive aftermarket logistics
  • • For a full, detailed list, view our report

Key questions answered in this report

  • • What will the market size be in 2022 and what will the growth rate be?
  • • What are the key market trends?
  • • What is driving this market?
  • • What are the challenges to market growth?
  • • Who are the key vendors in this market space?

Some points from TOC:-

Table of Contents PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 05: MARKET SIZING
Market definition
Market sizing 2017
Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
Global spare parts logistics market by end-user
Comparison by end-user
Global spare parts logistics market by automotive industry
Global spare parts logistics market by industrial sector
Global spare parts logistics market by aerospace industry
Global spare parts logistics market by electronics industry

Continued…

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