Global Spare Parts Logistics Market Advancement, Opportunities and Growth Forecast at 1.1% CAGR during 2018 – 2025

This research report added to the broad database of Market Research Hub (MRH) discusses the global spare parts logistics status together with future forecast and growth opportunity. The study is titled “Global Spare Parts Logistics Market Size, Status and Forecast 2018-2025”, which highlights the prime market regions and key players for spare parts logistics. Readers can gather vital information covering important segments which are analyzed on the basis of market share (2013-2018) and market size (2013-2025).

This research analysis examines the regions like Europe, United States, China, Japan, India, Southeast Asia and Central & South America. As per research findings, Asia-pacific is marked as the largest market since more than half of automotive are transported from Asia-Pacific, particularly from China, Korea and Japan. Among these, China manages the largest automotive production according to the statistics of 2016, while Japan also enjoys the tag of being an important automotive manufacturing nation. Moreover, Europe and North America are also viewed as mature automotive market; in these countries most manufacturers are expected to take the third party on the duty of parts supply. Considering the economic situation, the expansion pace of Europe and North America is noted to be comparatively slow.

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The overall market for spare parts logistics is advancing due to the development of technology since the past few years. It has been noticed that IOT (Internet of Things) is seen among the most popular technologies, which is also significantly useful for the logistic sector. Besides, numerous versions of logistic robots are deployed in the freight and warehousing activities. According to the statistics of 2017, the global spare parts logistics market size was recorded to be 42900 million US$. It is expected that the market will expand to reach 46800 million US$ by the end of 2025, and the anticipated CAGR growth is 1.1% during the forecast period.

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The global market for spare parts logistics is segmented based on type into air freight, inland freight and ocean freight. Furthermore, on the basis of applications, the prime divisions include industrial sector, electronics, automotive, technology industry and others. Later on, the report tends to investigate about the prime players operating in the global spare parts logistics market. This analysis works to discuss several important companies such as UPS, DB Schenker, CEVA, Toyota Tsusho, Deutsche Post DHL, FedEx, AnJi, DSV, Kuehne+Nagel, Logwin, Ryder System, SEKO, Kerry Logistics, TVS Logistics and Yusen Logistics. Each of these players are studied keeping in mind their development plans and strategies.

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This release was published on openPR.