Spare Parts Logistics Market size to grow at a CAGR of 5.47% from 2022 to 2027, Market is segmented by end-user, type, and geography – Technavio

NEW YORK, May 10, 2023 /PRNewswire/ — The spare parts logistics market is estimated to grow by USD 22.48 billion from 2022 to 2027. Also, the growth momentum will progress at a CAGR of 5.47% during the forecast period. The market is segmented by End-user (Automotive, Electronics, Industrial, Aerospace, and Others), Type (Forward and Reverse), and Geography (APAC, Europe, North America, South America, and Middle East and Africa). The market share growth by the automotive segment will be significant for the market growth. As filters, brakes, suspension, and shock absorbers are the most important spare parts of passenger cars that need to be replaced frequently, the automotive segment showed a gradual increase in market share with USD 21.35 billion in 2017 and continued to grow by 2021. The increase in electronic components trade between India and China is one of the key factors driving the global spare parts logistics market growth. According to ICEA, the electronics manufacturing industry grew from USD 37.1 billion in 2015-16 to USD 67.3 billion in 2020-21. Moreover, the presence of a sizeable middle class in these countries increases the demand for consumer goods, which drives up imports. Download a Sample Report in minutes!

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Technavio has announced its latest market research report titled Global Spare Parts Logistics Market 2023-2027

Spare Parts Logistics Market Insights –

Vendors: 15+, Including CEVA Logistics AG, DACHSER SE, Deutsche Bahn AG, Deutsche Post AG, DSV AS, Expeditors International of Washington Inc., FedEx Corp., GEODIS SA, Hitachi Transport System Ltd., Kerry Logistics Network Ltd., Kuehne Nagel Management AG, Lufthansa Cargo, Nippon Express Holdings Inc., Ryder System Inc, SEKO Logistics, SGLT Holding I LP, Toyota Motor Corp., TVS Supply Chain Solutions Ltd., United Parcel Service Inc., and XPO Logistics Inc., among others
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
Segments: End-user (Automotive, Electronics, Industrial, Aerospace, and Others), Type (Forward and Reverse), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

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Spare parts logistics market – Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio’s report analyzes the market’s competitive landscape and offers information on several market vendors.

Spare Parts Logistics Market – Market Dynamics

Major Trends – 

Enhancing the operating efficiency with Industry 4.0 is an emerging trend that will fuel the global spare parts logistics market growth. Industry 4.0 is the combination of the physical and digital use of advanced technology with concepts including the Internet of Things (IoT), cloud computing, cognitive computing, and cyber-physical systems. It can transform manufacturing by streamlining operations, reducing business risk, and ensuring business growth and the developments in manufacturing will increase manufacturing output worldwide. Hence, such trends influence the growth of the market during the forecast period.

Key challenges – 

The Adoption of 3D printing in the manufacturing industry are the challenges that can majorly impede the growth of the market. The adoption of 3D printing is growing in manufacturing industries such as electronic components, automotive aftermarket parts, and workshop tools. And with 3D printing, manufacturers can reduce logistics costs by 39% to 45%. Additionally, spare parts manufacturers can produce products domestically without having a production base, which reduces the import and export of spare part components. Many automakers prefer 3D printing for spare parts. For instance, General Motors introduced its 3D-printed seat bracket in 2018. It is 40% lighter and 20% stronger than traditional brackets. Thus, such challenges impede the market growth during the forecast period.

Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The spare parts logistics market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this Spare Parts Logistics Market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the spare parts logistics market between 2023 and 2027
Precise estimation of the size of the spare parts logistics market and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the spare parts logistics market across APAC, Europe, North America, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of the spare parts logistics market vendors

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Spare Parts Logistics Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.47%

Market growth 2023-2027

USD 22.48 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.04

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 49%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

CEVA Logistics AG, DACHSER SE, Deutsche Bahn AG, Deutsche Post AG, DSV AS, Expeditors International of Washington Inc., FedEx Corp., GEODIS SA, Hitachi Transport System Ltd., Kerry Logistics Network Ltd., Kuehne Nagel Management AG, Lufthansa Cargo, Nippon Express Holdings Inc., Ryder System Inc, SEKO Logistics, SGLT Holding I LP, Toyota Motor Corp., TVS Supply Chain Solutions Ltd., United Parcel Service Inc., and XPO Logistics Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents:

1 Executive Summary

1.1 Market overview 

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem 

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition 

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis 

Exhibit 13: Market segments

3.3 Market size 2022 

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global spare parts logistics market 2017 – 2021

Exhibit 18: Historic Market Size – Data Table on Global spare parts logistics market 2017 – 2021 ($ billion)

4.2 End-user Segment Analysis 2017 – 2021

Exhibit 19: Historic Market Size – End-user Segment 2017 – 2021 ($ billion)

4.3 Type Segment Analysis 2017 – 2021 

Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ billion)

4.4 Geography Segment Analysis 2017 – 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)

4.5 Country Segment Analysis 2017 – 2021

Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary 

Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

5.2 Bargaining power of buyers 

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers 

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants 

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes 

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry 

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition 

Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by End-user

6.1 Market segments 

Exhibit 30: Chart on End-user – Market share 2022-2027 (%)
Exhibit 31: Data Table on End-user – Market share 2022-2027 (%)

6.2 Comparison by End-user 

Exhibit 32: Chart on Comparison by End-user
Exhibit 33: Data Table on Comparison by End-user

6.3 Automotive – Market size and forecast 2022-2027

Exhibit 34: Chart on Automotive – Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Automotive – Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Automotive – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Automotive – Year-over-year growth 2022-2027 (%)

6.4 Electronics – Market size and forecast 2022-2027

Exhibit 38: Chart on Electronics – Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Electronics – Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Electronics – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Electronics – Year-over-year growth 2022-2027 (%)

6.5 Industrial – Market size and forecast 2022-2027

Exhibit 42: Chart on Industrial – Market size and forecast 2022-2027 ($ billion)
Exhibit 43: Data Table on Industrial – Market size and forecast 2022-2027 ($ billion)
Exhibit 44: Chart on Industrial – Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Industrial – Year-over-year growth 2022-2027 (%)

6.6 Aerospace – Market size and forecast 2022-2027

Exhibit 46: Chart on Aerospace – Market size and forecast 2022-2027 ($ billion)
Exhibit 47: Data Table on Aerospace – Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Chart on Aerospace – Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Aerospace – Year-over-year growth 2022-2027 (%)

6.7 Others – Market size and forecast 2022-2027

Exhibit 50: Chart on Others – Market size and forecast 2022-2027 ($ billion)
Exhibit 51: Data Table on Others – Market size and forecast 2022-2027 ($ billion)
Exhibit 52: Chart on Others – Year-over-year growth 2022-2027 (%)
Exhibit 53: Data Table on Others – Year-over-year growth 2022-2027 (%)

6.8 Market opportunity by End-user 

Exhibit 54: Market opportunity by End-user ($ billion)
Exhibit 55: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Type

7.1 Market segments 

Exhibit 56: Chart on Type – Market share 2022-2027 (%)
Exhibit 57: Data Table on Type – Market share 2022-2027 (%)

7.2 Comparison by Type 

Exhibit 58: Chart on Comparison by Type
Exhibit 59: Data Table on Comparison by Type

7.3 Forward – Market size and forecast 2022-2027

Exhibit 60: Chart on Forward – Market size and forecast 2022-2027 ($ billion)
Exhibit 61: Data Table on Forward – Market size and forecast 2022-2027 ($ billion)
Exhibit 62: Chart on Forward – Year-over-year growth 2022-2027 (%)
Exhibit 63: Data Table on Forward – Year-over-year growth 2022-2027 (%)

7.4 Reverse – Market size and forecast 2022-2027

Exhibit 64: Chart on Reverse – Market size and forecast 2022-2027 ($ billion)
Exhibit 65: Data Table on Reverse – Market size and forecast 2022-2027 ($ billion)
Exhibit 66: Chart on Reverse – Year-over-year growth 2022-2027 (%)
Exhibit 67: Data Table on Reverse – Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Type 

Exhibit 68: Market opportunity by Type ($ billion)
Exhibit 69: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview 

Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation 

Exhibit 71: Chart on Market share by geography 2022-2027 (%)
Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison 

Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison

9.3 APAC – Market size and forecast 2022-2027

Exhibit 75: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
Exhibit 76: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
Exhibit 77: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on APAC – Year-over-year growth 2022-2027 (%)

9.4 Europe – Market size and forecast 2022-2027

Exhibit 79: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
Exhibit 80: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
Exhibit 81: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Europe – Year-over-year growth 2022-2027 (%)

9.5 North America – Market size and forecast 2022-2027

Exhibit 83: Chart on North America – Market size and forecast 2022-2027 ($ billion)
Exhibit 84: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
Exhibit 85: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on North America – Year-over-year growth 2022-2027 (%)

9.6 South America – Market size and forecast 2022-2027

Exhibit 87: Chart on South America – Market size and forecast 2022-2027 ($ billion)
Exhibit 88: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
Exhibit 89: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on South America – Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa – Market size and forecast 2022-2027 

Exhibit 91: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
Exhibit 92: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
Exhibit 93: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

9.8 China – Market size and forecast 2022-2027

Exhibit 95: Chart on China – Market size and forecast 2022-2027 ($ billion)
Exhibit 96: Data Table on China – Market size and forecast 2022-2027 ($ billion)
Exhibit 97: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on China – Year-over-year growth 2022-2027 (%)

9.9 US – Market size and forecast 2022-2027

Exhibit 99: Chart on US – Market size and forecast 2022-2027 ($ billion)
Exhibit 100: Data Table on US – Market size and forecast 2022-2027 ($ billion)
Exhibit 101: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on US – Year-over-year growth 2022-2027 (%)

9.10 Germany – Market size and forecast 2022-2027

Exhibit 103: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
Exhibit 104: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
Exhibit 105: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on Germany – Year-over-year growth 2022-2027 (%)

9.11 Japan – Market size and forecast 2022-2027

Exhibit 107: Chart on Japan – Market size and forecast 2022-2027 ($ billion)
Exhibit 108: Data Table on Japan – Market size and forecast 2022-2027 ($ billion)
Exhibit 109: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 110: Data Table on Japan – Year-over-year growth 2022-2027 (%)

9.12 India – Market size and forecast 2022-2027

Exhibit 111: Chart on India – Market size and forecast 2022-2027 ($ billion)
Exhibit 112: Data Table on India – Market size and forecast 2022-2027 ($ billion)
Exhibit 113: Chart on India – Year-over-year growth 2022-2027 (%)
Exhibit 114: Data Table on India – Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography 

Exhibit 115: Market opportunity by geography ($ billion)
Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers 

10.2 Market challenges 

10.3 Impact of drivers and challenges 

Exhibit 117: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends 

11 Vendor Landscape

11.1 Overview 

11.2 Vendor landscape 

Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption 

Exhibit 119: Overview on factors of disruption

11.4 Industry risks 

Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered 

Exhibit 121: Vendors covered

12.2 Market positioning of vendors 

Exhibit 122: Matrix on vendor position and classification

12.3 CEVA Logistics AG 

Exhibit 123: CEVA Logistics AG – Overview
Exhibit 124: CEVA Logistics AG – Business segments
Exhibit 125: CEVA Logistics AG – Key news
Exhibit 126: CEVA Logistics AG – Key offerings
Exhibit 127: CEVA Logistics AG – Segment focus

12.4 Deutsche Bahn AG 

Exhibit 128: Deutsche Bahn AG – Overview
Exhibit 129: Deutsche Bahn AG – Business segments
Exhibit 130: Deutsche Bahn AG – Key offerings
Exhibit 131: Deutsche Bahn AG – Segment focus

12.5 Deutsche Post AG 

Exhibit 132: Deutsche Post AG – Overview
Exhibit 133: Deutsche Post AG – Business segments
Exhibit 134: Deutsche Post AG – Key news
Exhibit 135: Deutsche Post AG – Key offerings
Exhibit 136: Deutsche Post AG – Segment focus

12.6 DSV AS 

Exhibit 137: DSV AS – Overview
Exhibit 138: DSV AS – Business segments
Exhibit 139: DSV AS – Key offerings
Exhibit 140: DSV AS – Segment focus

12.7 Expeditors International of Washington Inc.

Exhibit 141: Expeditors International of Washington Inc. – Overview
Exhibit 142: Expeditors International of Washington Inc. – Business segments
Exhibit 143: Expeditors International of Washington Inc. – Key offerings
Exhibit 144: Expeditors International of Washington Inc. – Segment focus

12.8 FedEx Corp. 

Exhibit 145: FedEx Corp. – Overview
Exhibit 146: FedEx Corp. – Business segments
Exhibit 147: FedEx Corp. – Key offerings
Exhibit 148: FedEx Corp. – Segment focus

12.9 GEODIS SA 

Exhibit 149: GEODIS SA – Overview
Exhibit 150: GEODIS SA – Product / Service
Exhibit 151: GEODIS SA – Key offerings

12.10 Hitachi Transport System Ltd. 

Exhibit 152: Hitachi Transport System Ltd. – Overview
Exhibit 153: Hitachi Transport System Ltd. – Business segments
Exhibit 154: Hitachi Transport System Ltd. – Key offerings
Exhibit 155: Hitachi Transport System Ltd. – Segment focus

12.11 Kerry Logistics Network Ltd. 

Exhibit 156: Kerry Logistics Network Ltd. – Overview
Exhibit 157: Kerry Logistics Network Ltd. – Business segments
Exhibit 158: Kerry Logistics Network Ltd. – Key news
Exhibit 159: Kerry Logistics Network Ltd. – Key offerings
Exhibit 160: Kerry Logistics Network Ltd. – Segment focus

12.12 Kuehne Nagel Management AG 

Exhibit 161: Kuehne Nagel Management AG – Overview
Exhibit 162: Kuehne Nagel Management AG – Business segments
Exhibit 163: Kuehne Nagel Management AG – Key offerings
Exhibit 164: Kuehne Nagel Management AG – Segment focus

12.13 Nippon Express Holdings Inc. 

Exhibit 165: Nippon Express Holdings Inc. – Overview
Exhibit 166: Nippon Express Holdings Inc. – Business segments
Exhibit 167: Nippon Express Holdings Inc. – Key offerings
Exhibit 168: Nippon Express Holdings Inc. – Segment focus

12.14 SGLT Holding I LP 

Exhibit 169: SGLT Holding I LP – Overview
Exhibit 170: SGLT Holding I LP – Business segments
Exhibit 171: SGLT Holding I LP – Key news
Exhibit 172: SGLT Holding I LP – Key offerings
Exhibit 173: SGLT Holding I LP – Segment focus

12.15 Toyota Motor Corp. 

Exhibit 174: Toyota Motor Corp. – Overview
Exhibit 175: Toyota Motor Corp. – Business segments
Exhibit 176: Toyota Motor Corp. – Key news
Exhibit 177: Toyota Motor Corp. – Key offerings
Exhibit 178: Toyota Motor Corp. – Segment focus

12.16 United Parcel Service Inc. 

Exhibit 179: United Parcel Service Inc. – Overview
Exhibit 180: United Parcel Service Inc. – Business segments
Exhibit 181: United Parcel Service Inc. – Key offerings
Exhibit 182: United Parcel Service Inc. – Segment focus

12.17 XPO Logistics Inc. 

Exhibit 183: XPO Logistics Inc. – Overview
Exhibit 184: XPO Logistics Inc. – Business segments
Exhibit 185: XPO Logistics Inc. – Key offerings
Exhibit 186: XPO Logistics Inc. – Segment focus

13 Appendix

13.1 Scope of the report 

13.2 Inclusions and exclusions checklist

Exhibit 187: Inclusions checklist
Exhibit 188: Exclusions checklist

13.3 Currency conversion rates for US$ 

Exhibit 189: Currency conversion rates for US$

13.4 Research methodology 

Exhibit 190: Research methodology
Exhibit 191: Validation techniques employed for market sizing
Exhibit 192: Information sources

13.5 List of abbreviations 

Exhibit 193: List of abbreviations

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