Spare Parts Logistics Market to reach USD 7.25 Bn by 2029 at a CAGR of 3.8 percent- Says MMR

The increasing adoption of e-commerce and the growing demand for efficient supply chain management are also expected to fuel the growth of this market.

(EMAILWIRE.COM, July 19, 2023 ) Maximize Market research expects, the Spare Parts Logistics Market to grow from USD 5.98 Bn in 2022 to USD 7.25 Bn in 2029 at a CAGR of 3.8 percent.

Spare Parts Logistics Market Report Scope and Research Methodology

The objective of the report is to forecast the global Spare Parts Logistics market based on segments, manufacturers and regional distribution. The bottom-up approach has been used to estimate the market size while the SWOT analysis was used to provide the strengths, weaknesses, opportunities and threats of the Spare Parts Logistics key players in the industry.

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Spare Parts Logistics Market Dynamics

The market is majorly driven by the increasing need for efficient supply chain management and inventory optimization in various several industries. The increasing adoption of advanced technologies such as automation, artificial intelligence and the Internet of Things (IoT) is one of the major opportunities for the market.

Spare Parts Logistics Market Regional Insights

Asia Pacific Spare Parts Logistics Market is expected to grow at a high CAGR during the forecast period due to the increasing demand for spare parts in the automotive sector.

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Spare Parts Logistics Market Segmentation

By Transportation Mode
Air
Sea
Land

By Application
Automotive
Aerospace
Industrial
HealthCare

Spare Parts Logistics Key Competitors include:

DHL Supply Chain & Global Forwarding
Kuehne + Nagel
UPS Supply Chain Solutions
CEVA Logistics
DB Schenker
XPO Logistics
FedEx Supply Chain
Ryder Supply Chain Solutions
Nippon Express
Yusen Logistics
Agility Logistics
C.H. Robinson
Expeditors International
DSV
Panalpina
Geodis
J.B. Hunt Transport Services
BDP International
Hellmann Worldwide Logistics
Damco

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Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:

Automotive Performance Tuning and Engine Remapping Services Market- The market size is expected to reach USD 7.83 billion by 2029 at a CAGR of 6.8 percent during the forecast period.

Automotive Quantum Computing Market- The market size is expected to reach USD 1041.26 million by 2029 at a CAGR of 36 percent during the forecast period.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

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