According to the global spare parts logistics market research report released by Technavio, the market is expected to accelerate at a CAGR of almost 6% during the forecast period. The increasing focus of OEMs on the aftermarket for high-profit margins is one of the key drivers for the spare parts logistics market.
This research report titled ˜Global Spare Parts Logistics Market 2018-2022 provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The global spare parts logistics market analysis categorizes the market into the following end-users:
- Automotive industry
- Industrial sector
- Aerospace industry
- Electronics industry
In 2017, the automotive industry segment accounted for over 47% of the spare parts logistics market share and is projected to contribute to nearly 51% share by 2022, exhibiting over 3% increase in market share.
Global spare parts logistics market: Top emerging trend
The ability of the blockchain to ease tracking and traceability in the spare parts supply chain is an emerging trend in the spare parts logistics market. A blockchain is a series of the distributed database, which holds records of digital events in a tamper-resistant manner. Though several users can access, inspect, or add to the data, they cannot change or delete the information. The original information stays intact, which enables a permanent information trail, or chain, or transactions.
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Technavios sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavios report provides expert market research on the following topics:
- Market Outline
- Global Spare Parts Logistics Market Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by end-user (automotive industry, industrial sector, aerospace industry, and electronics industry)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (CEVA Logistics, DB Schenker, Deutsche Post DHL Group, Kuehne + Nagel, and UPS)
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