27^th Jan 2020 - Global Spare Parts Logistics Market is estimated to grow substantially in the forecast period due to growing emphasis of OEMs on aftermarket for better profits. Spare parts logistics is the management of the flow of accessories required by different industries from one location to another. It helps in proper planning of the process chain, looks after supply management, controls the availability of stocks and service parameters, inspects the quality of spare parts, and tracks the consignment.

Factors influencing the growth of the market are rise in demand for spare parts for automobiles, increasing developments in automobile industry, and rising investments in service industry. Moreover, increased competition among market players and rise in demand from developing economies of Asia Pacific like China and India are also driving the spare part logistics market. However, high cost of spare parts supply chain is expected to hamper the market growth.

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Advent of block-chain technology for simplified tracking of the spare parts supply chain is one trend observed in the market. Nonetheless, increasing need for curtailing the costs of supply chain is a challenge for the spare parts logistics market.

Market is categorized on the basis of type, application, and geography. On the basis of type, market is divided into waterway freight, airway freight, and roadway freight. Roadway freight segment lead the market owing to booming automobile industry.

In terms of application, market is divided into technology industry, industrial sector, electronics industry, automotive sector, and others. Automotive sector is predicted to hold larger share of the market due to high demand for the spare parts because of rising demand for vehicles.

The following manufacturers are covered in this report:

• CEVA Logistics

• DB Schenker

• Deutsche Post DHL

• Kuehne + Nagel

• UPS

• Broekman logistics

• Beumer Group

• FedEx SupplyChain

• Kerry Logistics

• Logwin

• Ryder System

• SEKO Logistics

• TVS Logistics

• UTi Worldwide

• Verst Group Logistics

• Yusen Logistics

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Market segment by Type, Spare Parts Logistics can be split into

• Repairables

• Consumables

• Other

Market segment by Application, Spare Parts Logistics can be split into

• Automotive Sector

• Industrial Sector

• Aerospace Sector

• Electronics Sector

• Other

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