Spare Parts Logistics Market Introduction and Overview
According to SPER Market Research, the Global Spare Parts Logistics Market is estimated to reach USD 62.54 billion by 2033 with a CAGR of 3.69%.
The report includes an in-depth analysis of the Global Spare Parts Logistics market, including market size and trends, product mix, distribution channels, and supplier analysis. Spare parts logistics is the management of spare parts that stock all of the parts needed to support the field. The amount of parts at such depots varies greatly depending on sales volume and demand for repairs and maintenance. Spare parts logistics can readily deliver extra components that are available to meet the demands of businesses such as automobiles and manufacturing, among others. Spare parts logistics is a planned logistics process in which a component of a transport vehicle or delivery machine fails. The primary goal of spare part logistics is to ensure that spare parts are delivered to broken machines or equipment in a timely and efficient manner.
- The Asia-Pacific region was in the lead in terms of the quantity of airport infrastructure projects being built in March 2022, with 230 projects altogether that included diverse components like runways and terminals. These projects have a total estimated value of USD 227.5 billion.
- In December 2023, Cargo-Partner Group Holding AG and its subsidiaries and NIPPON EXPRESS HOLDINGS, INC. entered into an agreement to buy the shares of their numerous subsidiaries, which offer global logistics services through their primary business sites in Central and Eastern Europe.
Market Opportunities and Challenges
The Spare Parts Logistics market has a variety of opportunities and challenges. On the opportunity side, The global market for spare parts logistics is expanding as a result of rising demand from the car sector. The amount of imports and exports in the European region is rising as a result of the growing number of free trade agreements with numerous emerging economies. As a result, European manufacturers will have numerous chances to access both developed and developing nations, which will further the expansion of the global spare parts logistics market.
The Spare Parts Logistics Market faces a plethora of difficulties that call for cautious navigating to assure successful and economical operations. One of the main difficulties is managing a complicated inventory of spare parts, which frequently consists of hundreds of distinct items with variable demand patterns. This complexity can cause problems like overstocking, understocking, or obsolete inventory, which can have a negative impact on carrying costs and service continuity. Having to execute orders quickly and accurately is a major concern, especially in sectors like manufacturing and the automobile industry where downtime is expensive.
Market Competitive Landscape
The research also includes a thorough examination of the competitive landscape in the global spare parts logistics market. All large corporations have profiles as well. CEVA Logistics (CMA CGM S.A.), Deutsche Post DHL Group, DB Schenker (Deutsche Bahn AG), , DSV A/S, FedEx Corporation, Kerry Logistics Network Limited (SF Express Co. Ltd.), Kuehne + Nagel International AG, Logwin AG (Delton AG), and others are among the companies covered. Please keep in mind that this is only a partial list of firms; the whole list may be seen in the report.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Application
|
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
|
| Companies Covered | AnJi, CEVA, DB Schenker, Deutsche Post DHL, DSV, FedEx ,Kuehne+Nagel, Logwin, Ryder System, Others
|
COVID-19 Impact on Global Spare Parts Logistics Market
The pandemic of COVID-19 has had a severe influence on the Spare Parts Logistics Market. The disruption in global supply networks caused by lockdowns, manufacturing closures, and transportation restrictions was one of the most immediate repercussions. This interruption caused delays in the acquisition and distribution of replacement parts, harming businesses such as manufacturing, healthcare, and automotive that rely on prompt access to vital components.
Key Target Audience
- Manufacturers
- Automotive Companies
- Aerospace and Defence
- Healthcare Institutions
- Electronics Manufacturers
- Shipping and Transportation
- Energy Sector
Our in-depth analysis of the Spare Parts Logistics Market includes the following segments:
| By Type: | Ocean FreightInland Freight |
| By Application: | AerospaceAutomotiveConsumer GoodsElectronicsHealthcareIndustrial SectorTechnology IndustryOthers |
Key Topics Covered in the Report
- Global Spare Parts Logistics Market Size (FY’2023-FY’2033)
- Overview of Global Spare Parts Logistics Market
- Segmentation of Global Spare Parts Logistics Market By Type (Ocean Freight, Inland)
- Segmentation of Global Spare Parts Logistics Market By Application (Aerospace, Automotive, Consumer Goods, Electronics, Healthcare, Industrial Sector, Technology Industry, Others)
- Statistical Snap of Global Spare Parts Logistics Market
- Expansion Analysis of Global Spare Parts Logistics Market
- Problems and Obstacles in Global Spare Parts Logistics Market
- Competitive Landscape in the Global Spare Parts Logistics Market
- Impact of COVID-19 and Demonetization on Global Spare Parts Logistics Market
- Details on Current Investment in Global Spare Parts Logistics Market
- Competitive Analysis of Global Spare Parts Logistics Market
- Prominent Players in the Global Spare Parts Logistics Market
- SWOT Analysis of Global Spare Parts Logistics Market
- Global Spare Parts Logistics Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Spare Parts Logistics Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Spare Parts Logistics Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Spare Parts Logistics Market
7. Global Spare Parts Logistics Market, By Type (USD Million)
7.1. Global Spare Parts Logistics Market Value Share and Forecast, By Type, 2023-2033
7.2. Ocean Freight
7.3. Inland Freight
8. Global Spare Parts Logistics Market, By Application (USD Million)
8.1. Global Spare Parts Logistics Market Value Share and Forecast, By Application, 2023-2033
8.2. Aerospace
8.3. Automotive
8.4. Consumer Goods
8.5. Electronics
8.6. Healthcare
8.7. Industrial Sector
8.8. Technology Industry
8.9. Others
9. Global Spare Parts Logistics Market Forecast, 2019-2033 (USD Million)
9.1. Global Spare Parts Logistics Market Size and Market Share
10. Global Spare Parts Logistics Market, By Type, 2019-2033 (USD Million)
10.1. Global Spare Parts Logistics Market Size and Market Share By Type (2019-2026)
10.2. Global Spare Parts Logistics Market Size and Market Share By Type (2027-2033)
11. Global Spare Parts Logistics Market, By Application, 2019-2033 (USD Million)
11.1. Global Spare Parts Logistics Market Size and Market Share By Application (2019-2026)
11.2. Global Spare Parts Logistics Market Size and Market Share By Application (2027-2033)
12. Global Spare Parts Logistics Market, By Region, 2019-2033 (USD Million)
12.1. Global Spare Parts Logistics Market Size and Market Share By Region (2019-2026)
12.2. Global Spare Parts Logistics Market Size and Market Share By Region (2027-2033)
12.3. Asia-Pacific
12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada
12.6.2. Mexico
12.6.3. United States
12.7. Latin America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America
13. Company Profile
13.1. AnJi
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. CEVA
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. DB Schenker
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Deutsche Post DHL
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. DSV
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. FedEx
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent development
13.7. Kuehne+Nagel
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent development
13.8. Logwin
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent development
13.9. Ryder System
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent development
13.10. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
