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Spare Parts Logistics Market Report by Type (Ocean Freight, Air Freight, Inland Freight), End User (Automotive, Electronics, Industrial, Aerospace, and Others), and Region 2024-2032
Market Report I 2024-04-08 I 143 Pages I IMARC Group
The global spare parts logistics market size reached US$ 45.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 62.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032. The increasing demand in the automotive industry, various technological advancements, and rising expenditure capacities of consumers represent some of the key factors driving the market.
Spare parts logistics refers to a process or a range of services used to manage the flow of accessories required by different industries from one location to another. Spare parts are interchangeable components of machines and systems that are stored as inventory and used to replace failed or damaged parts. These components are designed in such a way that they can be easily removed or fixed. Spare parts logistics helps in planning the process chain, inspecting the quality of spare parts, controlling the availability of stocks and service parameters, and tracking consignment. It also performs a series of checks, such as modification, storage, post-production, and technical problems, prior to the delivery of spare parts. As a result, spare parts logistics is widely used across the electronics, aerospace, industrial, and automotive industries.
Spare Parts Logistics Market Trends:
The increasing demand for spare parts in the automotive industry across the globe is one of the key factors driving the market growth as they are widely used to interchange a dysfunctional section of a machine with a functional one. In line with this, the rising consumer preference toward used or old vehicles owing to increasing prices of new vehicles is facilitating the demand for spare parts. Additionally, the introduction of multi-story shelf systems and automated storage and retrieval systems (ASRS) for storing spare pacers and protecting them from hazardous substances is favoring the market growth. Apart from this, key players are focusing on better transparency and efficiency, and minimizing the delivery time is providing an impetus to the market growth. Along with this, the utilization of a global positioning system (GPS) to monitor the speed and routes of the vehicle going to the assigned destination is propelling the market growth. Moreover, the integration of the Internet of Things (IoT), transportation management systems (TMS), and the adoption of warehouse management, order entry, automated transportation, and dispatching communication systems for streamlining operations and reducing risks are positively influencing the market growth. Furthermore, the increasing utilization of spare parts logistics in the electronics industry to ensure an optimal level of availability of essential components used for electronic devices is creating a positive outlook for the market. Other factors, including increasing production of passenger vehicles, rising expenditure capacities of consumers, and extensive research and development (R&D) activities, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global spare parts logistics market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type and end user.
Type Insights:
Ocean Freight
Air Freight
Inland Freight
The report has provided a detailed breakup and analysis of the spare parts logistics market based on the type. This includes ocean, air, and inland freight. According to the report, ocean freight represented the largest segment.
End User Insights:
Automotive
Electronics
Industrial
Aerospace
Others
The report has provided a detailed breakup and analysis of the spare parts logistics market based on the end user. This includes automotive, electronics, industrial, aerospace, and others. According to the report, automotive represented the largest segment.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, Asia Pacific was the largest market for spare parts logistics. Some of the factors driving the Asia Pacific spare parts logistics market included rising expenditure capacities of consumers, extensive research and development (R&D) activities and increasing consumer preference toward used or old vehicles.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global spare parts logistics market. Detailed profiles of all major companies have also been provided. Some of the companies covered include CEVA Logistics (CMA CGM S.A.), DB Schenker (Deutsche Bahn AG), Deutsche Post DHL Group, DSV A/S, FedEx Corporation, Kerry Logistics Network Limited (SF Express Co. Ltd.), Kuehne + Nagel International AG, Logwin AG (Delton AG), Nippon Express Co. Ltd., Toyota Tsusho Corporation, TVS Supply Chain Solutions, United Parcel Service Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global spare parts logistics market performed so far and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global spare parts logistics market?
What are the key regional markets?
Which countries represent the most attractive spare parts logistics markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the end user?
What is the competitive structure of the global spare parts logistics market?
Who are the key players/companies in the global spare parts logistics market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Spare Parts Logistics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Ocean Freight
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Air Freight
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Inland Freight
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by End User
7.1 Automotive
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Electronics
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Industrial
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Aerospace
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 CEVA Logistics (CMA CGM S.A.)
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 DB Schenker (Deutsche Bahn AG)
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Deutsche Post DHL Group
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4 DSV A/S
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 FedEx Corporation
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6 Kerry Logistics Network Limited (SF Express Co. Ltd.)
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.7 Kuehne + Nagel International AG
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 Logwin AG (Delton AG)
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.9 Nippon Express Co. Ltd.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10 Toyota Tsusho Corporation
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.10.4 SWOT Analysis
13.3.11 TVS Supply Chain Solutions
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.12 United Parcel Service Inc.
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
13.3.12.3 Financials
13.3.12.4 SWOT Analysis
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.
Figure 1: Global: Spare Parts Logistics Market: Major Drivers and Challenges
Figure 2: Global: Spare Parts Logistics Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Spare Parts Logistics Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Spare Parts Logistics Market: Breakup by Type (in %), 2023
Figure 5: Global: Spare Parts Logistics Market: Breakup by End User (in %), 2023
Figure 6: Global: Spare Parts Logistics Market: Breakup by Region (in %), 2023
Figure 7: Global: Spare Parts Logistics (Ocean Freight) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: Spare Parts Logistics (Ocean Freight) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Spare Parts Logistics (Air Freight) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Spare Parts Logistics (Air Freight) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Spare Parts Logistics (Inland Freight) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Spare Parts Logistics (Inland Freight) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Spare Parts Logistics (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Spare Parts Logistics (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Spare Parts Logistics (Electronics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Spare Parts Logistics (Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Spare Parts Logistics (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Spare Parts Logistics (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Spare Parts Logistics (Aerospace) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Spare Parts Logistics (Aerospace) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Spare Parts Logistics (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Spare Parts Logistics (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: North America: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: North America: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: United States: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: United States: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Canada: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Canada: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Asia-Pacific: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Asia-Pacific: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: China: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: China: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Japan: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Japan: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: India: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: India: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: South Korea: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: South Korea: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Australia: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Australia: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Indonesia: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Indonesia: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Others: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Others: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Europe: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Europe: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Germany: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Germany: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: France: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: France: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: United Kingdom: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: United Kingdom: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Italy: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Italy: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Spain: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Spain: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Russia: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Russia: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Others: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Others: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Latin America: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Latin America: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Brazil: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Brazil: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Mexico: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Mexico: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Others: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Others: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Middle East and Africa: Spare Parts Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Middle East and Africa: Spare Parts Logistics Market: Breakup by Country (in %), 2023
Figure 71: Middle East and Africa: Spare Parts Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Global: Spare Parts Logistics Industry: Drivers, Restraints, and Opportunities
Figure 73: Global: Spare Parts Logistics Industry: Value Chain Analysis
Figure 74: Global: Spare Parts Logistics Industry: Porter's Five Forces Analysis
Table 1: Global: Spare Parts Logistics Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Spare Parts Logistics Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Spare Parts Logistics Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 4: Global: Spare Parts Logistics Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Spare Parts Logistics Market: Competitive Structure
Table 6: Global: Spare Parts Logistics Market: Key Players
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