Automotive Spare Parts Logistics Market

The global Automotive Spare Parts Logistics market was valued at 430.75 Million USD in 2021 and will grow with a CAGR of .87% from 2021 to 2027, based on Research newly published report.

The prime objective of Automotive Spare Parts Logistics Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Automotive Spare Parts Logistics Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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 challenges because of an increase in operational costs and a decline in demand from consumers. Vendors of logistics services should be efficient in the provision of IT, data management, and SCM services. Accurate forecasting of demand takes systematic and proper planning, purchasing, and ordering of logistics operations. Logistics is the framework used to transport spare parts such as machine components, tools, and equipment required for the manufacture of new vehicles and replacement of defective parts. These parts can be transported by road, sea, rail, and air. Spare parts are also known as replacement parts, service parts, and repair parts. Spare parts are stored by vendors to be used when the demand arises for replacement or repair of a product. The demand for spares is characterized by fluctuations and volatility. It is affected by stochastic factors such as the intensity of product use, wear behavior, failure rates, and type of maintenance.Asia-pacific is the largest market as more than half of automotive are shipped from Asia-Pacific, especially China, Japan and Korea. China has the largest automotive production in 2016 and Japan is also an important automotive manufacturing country. With the fast growing automotive production, Asia-Pacific also enjoys the fastest growth rate. Europe and North America are also the mature automotive market, most manufacturers may take the third party on the duty of parts supply. Under the economic situation, the development speed of Europe and North America is relative slow. Today, with the development of technology, automotive spare parts logistic is more efficient and speedy. In recent years, IOT (Internet of Things) is one of the most popular technologies, and which is also very useful for the logistic industry. Besides, more and more logistic robots are used in the freight and warehouse.

By Market Verdors:

UPS

CEVA

DB Schenker

Deutsche Post DHL

Toyota Tsusho

AnJi

FedEx

Kuehne+Nagel

DSV

Ryder System

Logwin

Kerry Logistics

SEKO

Yusen Logistics

TVS Logistics

By Types:

Air Freight

Ocean Freight

Inland Freight

By Applications:

OEM Supply

Aftermarket

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

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Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the market and its impact in the global market.

Learn about the market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the market.

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