Global Automotive Spare Parts Logistics Market is valued at USD 194.43 Billion in 2021 and is expected to reach USD 284.15 Billion by 2028 with a CAGR of 5.57% over the forecast period.
Automotive Spare Parts Logistics Market 2022-2028: The forecast period 2022-2028 is expected to show significant growth in Global Automotive Spare Parts Logistics Markets. There will be a new resurgence in the market of Automotive Spare Parts Logistics. Are you ready to cope up with growing market? No, then have a look at our report overview and send your query to us.
Growing importance of after-sales services within the automotive business has increased the demand for the spare components as well as replacement components, service components, and repair components and service business. It significantly, resulting in high revenues and profits for the automotive companies. It’s additionally been noted that the majority OEMs is specializing in spare components delivery to competitive operational expenses. The most important revenue contributor to the automotive spare components supply market is that the replacement tire segment. Additionally, the increase within the demand for cars across the world is probably going to make the higher demand for spare components and after-sales service. The high demand for automotive spare components is directly proportional to the revival of the automotive producing sector. Several automotive companies are implement systems such as just-in-time and Kanban, which needs flow of inventory, and are outsourcing logistics services to so many contract logistics firms to gain market traction.
Automotive spare parts logistics market is expected steady growth in coming years. The growth rate is highest in Asia Pacific and is projected to be even higher during the forecasted period. Such high growth rate is credited to the development of China as a global hub for automobile industry and growing demands of vehicles from India.
The report covers the markets for Automotive Spare Parts Logistics Markets market in terms of volume and value. The market volume is provided in terms of thousand units; whereas the value for the market is provided in terms of $million from 2022-2028. The geography (Asia-Pacific, Europe, America& ROW) focusing on key countries in each region.
The report classifies and defines the automotive spare parts logistics markets value. The report also gives a comprehensive review of the market drivers, restraints, opportunities, challenges, and key issues in automotive spare parts logistics markets. The key players in the market for automotive spare parts logistics markets have also been identified and profiled.
The future of automotive spare parts logistics market presents promising prospects despite underlying challenges in some regions of the world. The global automotive spare parts logistics after market is extremely competitive due to the existence of a few well-established players and a large number of local players. These vendors are constantly striving to capture more and more market share. Moreover, the market will experience more consolidation because of enlarged competition among the peers. Also, the local players are forced to differentiate their service offerings to gain sustainable competitive advantage.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2028|
|Market Size in 2021:||USD 194.43 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||5.57%|
|Market Size Expected in 2028:||USD 284.15 Billion|
|Tables, Charts & Figures:||175|
|Key Players/Companies||Beumer Group, Broekman logistics, CEVA Logistics, DB Schenker, Deutsche Post DHL, Kerry Logistics, Kuehne + Nagel, Logwin, Ryder System, SEKO Logistics, TVS Logistics, UPS, UTi Worldwide, Verst Group Logistics, Yusen Logistics, Toyota Tsusho, SAIC Anji Logistics Co., Ltd., DSV, Nippon Express Co. Ltd., XPO Logistics Inc., SNCF, Panalpina World Transport (Holding) Ltd., and others.|
|Segments Covered||By Parts Type, By Logistic Phase, By Service, By Technology, By Products, By Applications, By End-user|
|Regional Analysis||North America, U.S., Canada, Europe, Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe, Asia-Pacific, South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC, Latin America, Mexico, Colombia, Brazil, Argentina, Peru, Rest of South America, Middle East and Africa, Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA|