Multiple Value-added Services Offered by Vendors Stimulating Growth in the Global Spare Parts Logistics Marketz: Technavio Report

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  • The key vendors in the Global Spare Parts Logistics Market 2015-2019 are CEVA Logistics, DB Schenker, Deutsche Post DHL, Kuehne + Nagel Inc. and United Parcel Service Inc. (UPS)

London, 28 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Spare Parts Logistics Market 2015-2019.   Increase in the production of compact vehicles is one of the major trends upcoming in this market. Vendors in the Global Spare Parts Logistics market find great potential in the Compact Vehicle market, which includes subcompacts, micro cars, and superminis. The Global Spare Parts Logistics market is expected to grow at a CAGR of 6.93 percent during the period 2014-2019.

Vendors of logistics services should be efficient at services such as IT, data management, and supply chain management. Accurate forecasting of demand takes systematic and proper planning, purchasing, and ordering of logistics operations.  

“3PL vendors in the Global Spare Parts Logistics market focus on providing different types of logistic services,” says Faisal Ghaus, Vice President of TechNavio Research.

“Shippers are now opting for 3PL providers that offer a one-stop solution to cater to all their needs without having to look for multiple vendors.”

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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