Spare Parts Logistics Market Spare Parts Logistics Market

Spare Parts Logistics Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2022
“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.”
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.
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.
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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.