Global Automotive Spare Parts Logistics Market Size, Status and Forecast 2022

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.
Global Automotive Spare Parts Logistics main players are UPS, CEVA, DB Schenker, Deutsche Post DHL, etc. Global top four manufacturers hold a share over 15%. Asia-Pacific is the largest market, with a share nearly 45%.

Market Analysis and Insights: Global Automotive Spare Parts Logistics Market
The global Automotive Spare Parts Logistics market size is projected to reach US$ 47070 million by 2027, from US$ 44210 million in 2020, at a CAGR of 0.9% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Automotive Spare Parts Logistics market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Automotive Spare Parts Logistics market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Automotive Spare Parts Logistics market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Automotive Spare Parts Logistics market.

Global Automotive Spare Parts Logistics Scope and Market Size
Automotive Spare Parts Logistics market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Spare Parts Logistics market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Air Freight
Ocean Freight
Inland Freight

Segment by Application
OEM Supply
Aftermarket

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
UPS
CEVA
DB Schenker
Deutsche Post DHL
Toyota Tsusho
AnJi
FedEx
Kuehne+Nagel
DSV
Ryder System
Logwin
Kerry Logistics
SEKO
Yusen Logistics
TVS Logistics