Research Expert: Sarah Overall
  • Published: Mar 2025
  • Pages: 150
  • SKU: IRTNTR40971

  • Latest News- Spare Parts Logistics Market: Automotive is expected to lead the End-user segment during 2025-2029

    The Spare Parts Logistics Market is being driven by Increase in electronic components trade between India and China

    The Spare Parts Logistics Market is expected to grow at a CAGR of 5.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 26.7 billion. The global spare parts logistics market is witnessing a significant shift towards the adoption of advanced technologies to boost efficiency and cater to evolving customer requirements. Digitalization, artificial intelligence, and predictive analytics are key technologies being integrated to optimize inventory management, streamline supply chain operations, and facilitate predictive maintenance. Notably, the APAC region dominates airport infrastructure projects, with 575 ongoing initiatives worth USD488 billion as of late 2024. Key projects include the Long Thanh International Airport in Vietnam, estimated to cost USD19 billion. These developments underscore the industry's commitment to leveraging technology to enhance operational excellence and meet growing demand. 

    Get more information on Spare Parts Logistics Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • End-user
      • Automotive
      • Electronics
      • Industrial
      • Aerospace
      • Others
    • Type
      • Forward
      • Reverse
    • Geography
      • APAC
        • China
        • India
        • Japan
      • Europe
        • Germany
        • UK
        • France
      • North America
        • Canada
        • US
      • South America
        • Brazil
      • Middle East and Africa

      According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

      • Increase in electronic components trade between India and China
      • Increasing average vehicle age
      • Increasing hardware spending in APAC

      However, the market also witnesses some limitations, which are as follows:

      • Adoption of 3D printing in manufacturing industry
      • Complexities involved in time-bound deliveries and customized supply chains
      • Shortage of skilled drivers in logistics industry

      Benefits of Buying Global Spare Parts Logistics Market Research Report by Technavio

      Rich Experience: 20+ years leading global market research, trusted insights across industries.

      Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

      Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

      Market Scope in Spare Parts Logistics Market Research Report

      Market Scope

      Report Coverage

      Details

      Page number

      209

      Base year

      2024

      Historic period

      2019-2023

      Forecast period

      2025-2029

      Growth momentum & CAGR

      Accelerate at a CAGR of 5.8%

      Market growth 2025-2029

      USD 26.7 billion

      Market structure

      market_structure.ucfirst

      YoY growth 2024-2025(%)

      5.4

      Key countries

      China, US, Germany, Japan, India, France, UK, Brazil, Canada, and Saudi Arabia

      Competitive landscape

      Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

      Request Free Sample

      Find out which segment is leading the market by accessing the free PDF report

      Research Analysis Overview

      The Spare Parts Logistics market encompasses the transportation, delivery, and warehousing of components and spare parts for various industries, including Aerospace, Electronics, and Healthcare. The performance and complexity of modern machinery necessitate digital technologies, automation, and real-time tracking for efficient inventory management. E-commerce and supply chain management also play significant roles. Factors like inflation, utilization rate, and average sale price impact the market, while the bottom-up methodology and data triangulation approaches ensure accurate market analysis.

      Market Research Overview

      The global air freight and logistics market encompasses the revenue generated by companies offering air freight transportation, courier services, and comprehensive logistics solutions, including package and mail delivery, customs agents, and inventory management for spare parts and components in sectors such as aerospace and electronics. According to Technavio, market size is determined by the revenues of these providers. Key growth drivers include the surge in cross-border e-commerce activities, necessitating efficient spare parts logistics for timely delivery and inventory management.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


      Contacts

      Technavio Research
      Jesse Maida
      Media & Marketing Executive
      US: +1 844 364 1100
      UK: +44 203 893 3200
      Email: media@technavio.com
      Website: www.technavio.com/

      Read News Read Less
      Interested in this report?
      Get your sample now!

    Safe and Secure SSL Encrypted

    Technavio

    • 2500 USD

    [5 reports/month/user]

    • 5000 USD

    close
    • Basic Plan [5000 USD/Year]:

      Single User
      Download 5 Reports/Month
      View 100 Reports/Month
      Add upto 3 Users at 625 USD/user

    • Teams Plan [7500 USD/Year]:

      5 User
      Download 5 Reports/Month/User
      View 100 Reports/Month/User
      Add upto 30 Users at 500 USD/user

    *You can upgrade to Teams plan at Subscription page

    close
    • Single:

      One user only.
      Quick & easy download option

    • Enterprise:

      Unlimited user access (Within your organization).
      Complimentary Customization Included

    *For Enterprise license, go to checkout page

    Technavio Get the report (PDF) sent to your email within minutes.

    Document