Press release
Global Spare Parts Logistics Market To Grow At A CAGR Above 5% During The Period 2016-2020
Logistics and supply chains for spare parts are different from those of finished products because the market for them is unstable. Many manufacturing companies are facing hindrances because of an increase in operational costs and a decline in demand from consumers. Vendors of logistics services should be efficient at services such as IT, data management, and supply chain management. Accurate forecasting of demand takes systematic and proper planning, purchasing, and ordering of logistics operations
Technavios analysts forecast the global spare parts logistics market to grow at a CAGR above 5% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global spare parts logistics market for 2016-2020. To calculate the market size, this report covers revenue generated by 3PL providers providing spare parts logistics services in the market.
The market is divided into the following segments based on geography:
APAC
Europe
MEA
North America
South America
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Technavio's report, Global Spare Parts Logistics Market 2016-2020, 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.
Key vendors
CEVA
DB Schenker
Deutsche Post DHL
Kuehne + Nagel
UPS
Other prominent vendors
Broekman logistics
Beumer Group
FedEx SupplyChain
Kerry Logistics
Logwin
Ryder System
SEKO Logistics
TVS Logistics
UTi Worldwide
Verst Group Logistics
Yusen Logistics
Market driver
Higher profit margins (more than 60%-70%) for spare parts than for core vehicle sales sales
For a full, detailed list, view our report
Market challenge
Excess cost from over stocking
For a full, detailed list, view our report
Market trend
Improvements in technology
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 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?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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