LONDON–(BUSINESS WIRE)–According to the global spare parts logistics market research report released by Technavio, the market is expected to accelerate at a CAGR of almost 6% during the forecast period. The increasing focus of OEMs on the aftermarket for high-profit margins is one of the key drivers for the spare parts logistics market.
This research report titled ‘Global Spare Parts Logistics Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The global spare parts logistics market analysis categorizes the market into the following end-users:
- Automotive industry
- Industrial sector
- Aerospace industry
- Electronics industry
In 2017, the automotive industry segment accounted for over 47% of the spare parts logistics market share and is projected to contribute to nearly 51% share by 2022, exhibiting over 3% increase in market share.
Global spare parts logistics market: Top emerging trend
The ability of the blockchain to ease tracking and traceability in the spare parts supply chain is an emerging trend in the spare parts logistics market. A blockchain is a series of the distributed database, which holds records of digital events in a tamper-resistant manner. Though several users can access, inspect, or add to the data, they cannot change or delete the information. The original information stays intact, which enables a permanent information trail, or chain, or transactions.
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Technavio’s report provides expert market research on the following topics:
- Market Outline
- Global Spare Parts Logistics Market Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by end-user (automotive industry, industrial sector, aerospace industry, and electronics industry)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (CEVA Logistics, DB Schenker, Deutsche Post DHL Group, Kuehne + Nagel, and UPS)
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