LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent spare parts logistics market in APAC report. This research report also lists 10 other prominent vendors that are expected to impact the market during the forecast period.
Due to the sustained economic growth and increased production of vehicles in countries such as China and India, the spare parts logistics market in APAC is anticipated to grow during the forecast period. Future demand for spare parts across application sectors like the automotive, aerospace, and industrial equipment, and electronics will contribute to the growth of the spare parts logistics market in the region.
Competitive vendor landscape
With the growing production and trade worldwide, the requirement for outsourced logistics is increasing. As a result, the market is experiencing the entry of inexperienced players. The market is fragmented and localized with many establishments catering to each logistics sub-segment. However, several companies are entering into mergers and acquiring companies, leading to a consolidation in the market.
“Competition is intensifying, and vendors are seeking an edge by adapting to the changing marketplace. The industry is becoming more competitive because of the disorganized nature of the market, which includes local truck and warehouse owners. The market is capital-intensive and requires advanced technologies,” says Shakti Jakhar, a lead logistics research analyst from Technavio.
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Top five spare parts logistics market vendors in APAC
CEVA Logistics
CEVA Logistics is a non-asset based supply chain solutions and logistics services company. It was formed in August 2007, with the merger of TNT Logistics and Eagle global logistics. The company provides supply chain solutions in freight management, contract logistics, and distribution and transportation management to large and medium-size companies.
DB Schenker
DB Schenker is an integrated logistics services provider. It supports global industry and trade in the exchange of goods including land transport, worldwide air and ocean freight, contract logistics and supply chain management. The company is a part of Deutsche Bahn.
DHL
DHL is a global logistics service provider. It provides diversified solutions from industrial supply chains to parcel delivery services. DHL service parts logistics offerings include reverse logistics, returns logistics, exchange logistics, testing and screening, and transportation management.
KUEHNE + NAGEL
KUEHNE + NAGEL provides its customers with advanced logistics solutions, worldwide. The company provides logistics services to various sectors including fast-moving consumer goods, aerospace, automotive, high tech, pharma and healthcare, oil and gas logistics and retail.
UPS
UPS provides global package delivery services and supply chain management. The company provides logistics services to the global market that includes contract logistics, distribution, ocean freight, air freight, transportation, ground freight, customs brokerage, financing, and insurance. UPS serves over 220 countries and territories, worldwide.
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