Sunday, 11 December 2016

Global Automotive Spare Parts Logistics Market Size, Share, Analysis, Industry Growth and Forecast Research Report 2016-2020 Market Reports Center


Technavio Announces the Publication of its Research Report Global Automotive Spare PartsLogistics Market 2016-2020

Technavio recognizes the following companies as the key players in the global automotive spare parts logistics: CEVA Logistics, DB Schenker, Deutsche Post DHL, Kuehne + Nagel, and UPS

Other Prominent Vendors in the market are: Broekman Logistics, BEUMER Group, FedEx, Kerry Logistics, Logwin, Ryder System, SEKO Logistics, TVS Logistics, DSV A/S, Verst Group Logistics, and Yusen Logistics

Commenting on the report, an analyst from Technavio’s team said: “Vendors opt for M&A to increase their global presence, expand their product portfolio, and achieve economies of scale in various supply chain management (SCM) processes. To establish a global presence, companies merge with rivals in different regions. This enables them to deliver services at all points along the supply chain. M&As also expedite the growth of the consolidated firm and help in improving its market position.”

Know more about sample report: 

According to the report, in Europe and North America, there is high demand for spare parts because of the large fleet of ageing vehicles. Due to the high demand, logistics providers have been able to scale up their network in these mature markets.,. However, they need to scale up and improve on stock planning and inventory management in China and other emerging markets as the fleet of ageing vehicles in these markets is also increasing. In China, more than 25% of the vehicles were above six years of age in 2012. By the end of 2016, more than 36% of the vehicles are expected to be more than six years old.

Further, the report states that choosing the right supply chain is of utmost importance as customers prefer shorter lead times. However, in addition to lead times, the OEMs also need to consider order sizes in order to maintain profits. This is because the price of freight reduces with an increase in the quantity. Because of this reason and the volatility in the demand for spare parts, the just-in-time model is not always suitable to the market from a profitability point of view.

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 a SWOT analysis of the key vendors. 

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About Automotive Spare Parts Logistics

Logistics and supply chains for spare parts are different from those of finished products because the market for them is unstable. Many manufacturing companies are facing challenges because of an increase in operational costs and a decline in demand from consumers. Vendors of logistics services should be efficient in the provision of IT, data management, and SCM services. Accurate forecasting of demand takes systematic and proper planning, purchasing, and ordering of logistics operations. Logistics is the framework used to transport spare parts such as machine components, tools, and equipment required for the manufacture of new vehicles and replacement of defective parts. These parts can be transported by road, sea, rail, and air. Spare parts are also known as replacement parts, service parts, and repair parts. Spare parts are stored by vendors to be used when the demand arises for replacement or repair of a product. The demand for spares is characterized by fluctuations and volatility. It is affected by stochastic factors such as the intensity of product use, wear behavior, failure rates, and type of maintenance.

Technavio’s analysts forecast the global automotive spare parts logistics market to grow at a CAGR of 6.12% during the period 2016-2020.

Covered in this report 
The report covers the present scenario and the growth prospects of the global automotive spare parts logistics market for 2016-2020. To calculate the market size, the report considers the revenue generated third-party logistics (3PL) providers providing spare parts logistics services in the market.

The market is divided into the following segments based on geography: 
• APAC
• Europe
• MEA
• North America
• South America

Technavio's report, Global Automotive Spare Parts Logistics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
• CEVA Logistics
• DB Schenker
• Deutsche Post DHL
• Kuehne + Nagel
• UPS 

Other prominent vendors 
• Broekman Logistics
• BEUMER Group
• FedEx 
• Kerry Logistics
• Logwin
• Ryder System
• SEKO Logistics
• TVS Logistics
• DSV A/S
• Verst Group Logistics
• Yusen Logistics

Market driver 
• Growth of automotive industry
• For a full, detailed list, view our report 

Market challenge 
• Choosing the right supply chain model
• For a full, detailed list, view our report 

Market trend 
• Increased adoption of electronic components in vehicles
• For a full, detailed list, view our report 

Key questions answered in this report 
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors? 


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