Aftermarket logistics market size grows by USD 25.36 billion


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Key market dynamics:

  • Market engine
  • Market challenges

The increase in the average age of vehicles and the increase in free trade agreements in Europe are some of the main drivers of the market. Using quality parts encourages customers to use their vehicles throughout the life cycle. In addition, customers are also investing in retrofitting to extend the life of their older vehicles. In addition, the increase in the average cost of vehicles limits the sale of new vehicles. As a result, the demand for spare parts logistics will also increase. In addition, the increase in trade in electronic components between India and China and the proliferation of free trade agreements in Europe. In addition, the adoption of Industry 4.0 to improve overall operational efficiency will be one of the critical trends in the aftermarket logistics market, increasing the growth prospects of the aftermarket logistics market. The use of Internet of Things (IoT), cloud computing, cognitive computing and cyber-physical system in Industry 4.0 will allow manufacturers to increase production, streamline operations, reduce costs business risks and ensure the growth of the business.

However, factors such as the adoption of 3D printing in the manufacturing industry, the growing adoption of electric vehicles, and the shortage of skilled drivers in the logistics market will challenge the growth of the market over the course of the period. forecast period.

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The Aftermarket Logistics market report is segmented by end user (Automotive, Electronics, Industrial, Aerospace, and Others) and Geography (APAC, Europe, North America, South America, and MEA). The automotive end-user segment held the largest share of the aftermarket logistics market and will continue to maintain its dominance in the market during the forecast period. In terms of geography, APAC will be the leading region with 44% of the market growth during the forecast period. China is a key market for spare parts logistics in APAC. Market growth in APAC will be faster than market growth in other regions. The regional growth can be attributed to increased spending on computer hardware and government initiatives to develop logistics infrastructure.

See our sample report for additional information on the contribution of all segments and regional opportunities

Some companies mentioned

    • CEVA Logistics SA
    • Deutsche Bahn AG
    • Deutsche Post DHL Group
    • DSV Panalpina AS
    • FedEx Corp.
    • Kuehne Nagel International SA
    • Nippon Express Co. Ltd.
    • Toyota Tsusho Corp.
    • United Parcel Service Inc.
    • XPO Logistics Inc.
  • To access more supplier profiles with their key offers available with Technavio, Click here

Associated reports:

Spare parts logistics market in Europe by End User and Geography – Forecast and Analysis 2021-2025

Intermodal Freight Transportation Market by Product and Geography – Forecast and Analysis 2021-2025

Scope of the aftermarket logistics market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of over 7.00%

Market growth 2021-2025

$ 25.36 billion

Market structure

Fragmented

Annual growth (%)

6.48

Regional analysis

APAC, Europe, North America, South America and MEA

Efficient contribution to the market

44% APAC

Main consumer countries

China, United States, Germany, United Kingdom and Canada

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

CEVA Logistics AG, Deutsche Bahn AG, Deutsche Post DHL Group, DSV Panalpina AS, FedEx Corp., Kuehne Nagel International AG, Nippon Express Co. Ltd., Toyota Tsusho Corp., United Parcel Service Inc. and XPO Logistics Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

Main topics covered:

  • Abstract
  • Market landscape
  • Market sizing
  • Five forces analysis
  • Market segmentation by end user
  • Customer landscape
  • Geographic landscape
  • Supplier landscape
  • Supplier analysis
  • Annex

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