Global Spare Parts Logistics Market 2020-2024
Technavio has been monitoring the global spare parts logistics market and it is poised to grow by USD 23.64 bn during 2020-2024
, progressing at a CAGR of 7% during the forecast period. Our reports on global spare parts logistics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increase in electronic components trade between india and china.
In addition, enhancing the operating efficiency with industry 4.0 is anticipated to boost the growth of the global spare parts logistics market as well.
Technavio's global spare parts logistics market is segmented as below:
End-userAutomotive Electronics Industrial Aerospace OthersGeographic segmentationNorth America APAC Europe South America MEA
Key Trends for global spare parts logistics market growth
This study identifies enhancing the operating efficiency with industry 4.0 as the prime reasons driving the global spare parts logistics market growth during the next few years.
Prominent vendors in global spare parts logistics market
We provide a detailed analysis of around 25 vendors operating in the global 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. .
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
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