Global Spare Parts Logistics Market is valued USD XXX billion in 2016 is anticipated to grow USD XXX billion with the compounded annual growth of XX% over the forecast period 2018-2025.
New York 23 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Spare Parts Logistics market industry is poised to raise USD 8.55 billion by 2025. The major factors expected to augment the market are escalating needs for spare parts owing to aging operational on-road vehicles, and growing focus of OEMs on the aftermarket for high-profit margins. Spare parts logistics services involve facilities like integrated contract logistics solutions. These solutions include all the perspectives of spare parts fulfillment, from catalog management of spare parts & customer services to planning supply chains, expanding warehousing and distribution solutions.
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Global Spare Parts Logistics Market Size Study By End-User (Industrial Sector, Automotive, Electronics, and Aerospace), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Deutsche Post DHL Group, CEVA Logistics, UPS, DB Schenker, Kuehne + Nagel, Panalpina, KSB SE & Co., DPD Group, Geodis, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The Asia Pacific region accounted for the leading market share, more than XX % of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Industrial Sector
- North America
- Asia Pacific
- Latin America
- Rest of the World