Product Code: PM3419
The global spare parts logistics market size is expected to reach USD 69.96 billion by 2032, according to a new study by Polaris Market Research. The report "Spare Parts Logistics Market Share, Size, Trends, Industry Analysis Report, By Type (Ocean Freight, Air Freight, Inland Freight); By End User; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Growing aftermarket in India is having a significant impact on the growth of the spare parts logistics market. This is because as more and more vehicles are sold in the country, the demand for spare parts and maintenance services is increasing as well. This has led to a boom in the aftermarket industry, which includes the sale of spare parts, accessories, and other automotive-related products. According to the Rico Auto Industries, by 2024-2025, the aftermarket in India would expand at a rate of close to 12% CAGR and be worth roughly USD 17-18 billion. As the aftermarket industry continues to grow, the demand for efficient and reliable spare parts logistics services is also increasing. This is because the timely delivery of spare parts is crucial for the smooth functioning of the aftermarket industry. Customers expect quick and reliable delivery of spare parts to ensure their vehicles are back on the road as soon as possible.
As the number of cars on the road continues to increase, there is a growing need for spare parts logistics systems that can handle large volumes of shipments. This has led to the development of specialized logistics systems that are designed to handle the unique needs of the spare parts market. According to the Delhi Economic Survey 2021-22, the overall number of automobiles in Delhi increased by 3.03 percent in 2020-21 compared to the fiscal year 2019-20. The growing average age of cars has created a significant opportunity for companies in the spare parts logistics market to provide efficient and reliable logistics solutions to meet the increasing demand for spare parts.
The United States is a vast country with a complex transportation network that includes air, land, and sea routes. As a result, logistics plays a critical role in the US economy, particularly in the manufacturing and distribution sectors. In order to get items from the point of origin to the end user across various supply chain network segments, U.S. businesses spent $1.63 trillion on logistics in 2019, according to a Statista analysis. Freight will travel across the United States for a total of 5.95 trillion ton-miles by 2025. Growing expenditure on logistics in the United States has led to the growth of the spare parts logistics market.
Spare Parts Logistics Market Report Highlights
Ocean Freight is anticipated to grow at a faster rate owing to providing cost-effective, reliable, and efficient means of transporting spare parts across long distances.
Automotive segment is projected to experience significant revenue share due to the increased demand for spare parts and globalization of the automotive industry.
Asia Pacific is projected to witness higher growth rate owing to the expansion of the automotive industry and increasing manufacturing activity.
North America is expected to have a larger revenue share in the study period due to strong e-commerce infrastructure and adoption of technologically advanced Solutions.
The global players include: CEVA Logistics, DB Schenker, Deutsche Post, DSV A/S, FedEx, Kerry Logistics Network, Kuehne + Nagel International, Logwin, Nippon Express, Toyota Tsusho, TVS Supply Chain & United Parcel Service.
Polaris Market Research has segmented the spare parts logistics market report based on type, end user and region:
Spare Parts Logistics, Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Ocean Freight
- Air Freight
- Inland Freight
Spare Parts Logistics, End User Outlook (Revenue - USD Billion, 2019 - 2032)
- Automotive
- Electronics
- Industrial
- Aerospace
Spare Parts Logistics, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Spare Parts Logistics Market Insights
- 4.1. Spare Parts Logistics Market - Industry Snapshot
- 4.2. Spare Parts Logistics Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising demand for automated and lean warehouses
- 4.2.1.2. Increasing prevalence of modular solutions to optimize the customer productivity
- 4.2.2. Restraints and Challenges
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Spare Parts Logistics Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Spare Parts Logistics Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Spare Parts Logistics, by Type, 2019-2032 (USD Billion)
- 5.3. Ocean Freight
- 5.3.1. Global Spare Parts Logistics Market, by Ocean Freight, by Region, 2019-2032 (USD Billion)
- 5.4. Air Freight
- 5.4.1. Global Spare Parts Logistics Market, by Air Freight, by Region, 2019-2032 (USD Billion)
- 5.5. Inland Freight
- 5.5.1. Global Spare Parts Logistics Market, by Inland Freight, by Region, 2019-2032 (USD Billion)
6. Global Spare Parts Logistics Market, by End User
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 6.3. Automotive
- 6.3.1. Global Spare Parts Logistics Market, by Automotive, by Region, 2019-2032 (USD Billion)
- 6.4. Electronics
- 6.4.1. Global Spare Parts Logistics Market, by Electronics, by Region, 2019-2032 (USD Billion)
- 6.5. Industrial
- 6.5.1. Global Spare Parts Logistics Market, by Industrial, by Region, 2019-2032 (USD Billion)
- 6.6. Aerospace
- 6.6.1. Global Spare Parts Logistics Market, by Aerospace, by Region, 2019-2032 (USD Billion)
7. Global Spare Parts Logistics Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Spare Parts Logistics Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Spare Parts Logistics Market - North America
- 7.3.1. North America: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.3.2. North America: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.3.3. Spare Parts Logistics Market - U.S.
- 7.3.3.1. U.S.: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.3.4. Spare Parts Logistics Market - Canada
- 7.3.4.1. Canada: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.4. Spare Parts Logistics Market - Europe
- 7.4.1. Europe: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.4.2. Europe: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.4.3. Spare Parts Logistics Market - UK
- 7.4.3.1. UK: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.4.3.2. UK: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.4.4. Spare Parts Logistics Market - France
- 7.4.4.1. France: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.4.4.2. France: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.4.5. Spare Parts Logistics Market - Germany
- 7.4.5.1. Germany: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.4.6. Spare Parts Logistics Market - Italy
- 7.4.6.1. Italy: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.4.7. Spare Parts Logistics Market - Spain
- 7.4.7.1. Spain: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.4.8. Spare Parts Logistics Market - Netherlands
- 7.4.8.1. Netherlands: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.4.9. Spare Parts Logistics Market - Russia
- 7.4.9.1. Russia: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.5. Spare Parts Logistics Market - Asia Pacific
- 7.5.1. Asia Pacific: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.5.3. Spare Parts Logistics Market - China
- 7.5.3.1. China: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.5.3.2. China: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.5.4. Spare Parts Logistics Market - India
- 7.5.4.1. India: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.5.4.2. India: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.5.5. Spare Parts Logistics Market - Malaysia
- 7.5.5.1. Malaysia: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.5.6. Spare Parts Logistics Market - Japan
- 7.5.6.1. Japan: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.5.7. Spare Parts Logistics Market - Indonesia
- 7.5.7.1. Indonesia: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.5.8. Spare Parts Logistics Market - South Korea
- 7.5.8.1. South Korea: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.6. Spare Parts Logistics Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.6.3. Spare Parts Logistics Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.6.4. Spare Parts Logistics Market - UAE
- 7.6.4.1. UAE: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.6.5. Spare Parts Logistics Market - Israel
- 7.6.5.1. Israel: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.6.6. Spare Parts Logistics Market - South Africa
- 7.6.6.1. South Africa: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.7. Spare Parts Logistics Market - Latin America
- 7.7.1. Latin America: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.7.2. Latin America: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.7.3. Spare Parts Logistics Market - Mexico
- 7.7.3.1. Mexico: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.7.4. Spare Parts Logistics Market - Brazil
- 7.7.4.1. Brazil: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
- 7.7.5. Spare Parts Logistics Market - Argentina
- 7.7.5.1. Argentina: Spare Parts Logistics Market, by End User , 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Spare Parts Logistics Market, by Type, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. CEVA Logistics
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. DB Schenker
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Deutsche Post
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. DSV
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. FedEx
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Kerry Logistics Network
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Kuehne + Nagel
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Logwin
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Nippon Express
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Toyota Tsusho
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. TVS Supply Chain
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development