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Spare Parts Logistics Market in Europe to grow at a CAGR of 3.62% during the period 2018 – 2022; Finds New Report

Report forecast the spare parts logistics market in Europe to grow at a CAGR of 3.62% during the period 2018-2022.

The spare parts logistics services include integrated contract logistics solutions covering all aspects of spare parts fulfilment, from planning supply chains and developing warehousing and distribution solutions to inventory management of spare parts and customer service.

The report covers the present scenario and the growth prospects of the spare parts logistics market in Europe for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Germany
  • Italy
  • France
  • Others

According to the report, one driver in the market is increasing demand for spare parts owing to longer lifespan of vehicles. It is observed that the average age of cars has been rising in the EU. The average age of cars in the EU rose by more than 15% from year 2010 to 2016. The average of cars in EU in 2010 was between 8 and 9 years. The average of cars in EU increased to around 11 years in 2016. As the age of the car increases, the need for the spare parts also increases for the car to run smoothly.

Further, the report states that one challenge in the market is complexities involved in time-bound deliveries and customized supply chains. Choosing the right supply chain model is an important task as customers prefer shorter lead times while logistics companies seek to keep the cost as low as possible. Furthermore, apart from lead times, spare parts manufacturers also need to consider the order sizes in order to main profits because generally, the cost of freight declines with the increase in the volume of freight.

Spare Parts Logistics Market in Europe 2018-2022, 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 players in the spare parts logistics market in Europe: CEVA Logistics, DB Schenker, Deutsche Post DHL Group, Kuehne + Nagel, and UPS.

Market driver

  • Increasing demand for spare parts owing to longer lifespan of vehicles
  • For a full, detailed list, view our report

Market challenge

  • Complexities involved in time-bound deliveries and customized supply chains
  • For a full, detailed list, view our report

Market trend

  • Introduction of blockchain in logistics industry
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2022 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?

Spanning over 129 pages Spare Parts Logistics Market in Europe 2018 – 2022” report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market Sizing, Five Forces Analysis, Customer Landscape, Market Segmentation By End-User, Regional Landscape, Decision Framework, Drivers And Challenges, Market Trends, Vendor Landscape, Vendor Analysis, Appendix.

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