LONDON--(BUSINESS WIRE)--Technavio has been monitoring the spare parts logistics market and it is poised to grow by USD 23.64 billion during 2020-2024, progressing at a CAGR of 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
An increase in electronic components trade between India and China has been instrumental in driving the growth of the market. However, adoption of 3D printing in manufacturing industry might hamper the market growth. Request a free sample report
Spare Parts Logistics Market 2020-2024: Segmentation
Spare Parts Logistics Market is segmented as below:
- North America
- South America
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Spare Parts Logistics Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our spare parts logistics market report covers the following areas:
- Spare Parts Logistics Market Size
- Spare Parts Logistics Market Trends
- Spare Parts Logistics Market Industry Analysis
This study identifies enhancing the operating efficiency with Industry 4.0 as one of the prime reasons driving the spare parts logistics market growth during the next few years.
Spare Parts Logistics Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the spare parts logistics market, including some of the vendors such as CEVA Logistics AG, Deutsche Bahn AG, Deutsche Post DHL Group, DSV AS, FedEx Corp., Kuehne + Nagel International AG, Nippon Express Co. Ltd., Toyota Tsusho Corp., United Parcel Service Inc. and XPO Logistics Inc. Backed with competitive intelligence and benchmarking, our research reports on the spare parts logistics market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Spare Parts Logistics Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist spare parts logistics market growth during the next five years
- Estimation of the spare parts logistics market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the spare parts logistics market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of spare parts logistics market vendors
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