Key vendors to involve in M&As to keep pace with the highly competitive market
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global automotive spare parts logistics market in their latest research report. This report also lists 11 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by third-party logistics (3PL) providers providing spare parts logistics services in the market.
This Technavio report, under the logistics vertical, is based on the synthesis, analysis, and interpretation of information about the global automotive spare parts logistics market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global market for automotive spare parts logistics is fragmented and localized in nature due to the presence of many establishments that cater to each logistics sub-segment. The market comprises both big and small players but is largely dominated by the SMEs. The requirement for outsourced logistics is increasing owing to the rising production and trade activities, leading to the entry of new players in the market space. Vendors are seeking an edge by adapting to the changing market conditions to keep pace with the intensifying competition. To cope better with the competition, several companies are entering mergers and acquiring companies. Mergers and acquisitions are enabling the market players to increase their presence and expand their service portfolios and leading to market consolidation. The market is capital-intensive and requires advanced technologies. The key differentiating elements in the market are the VAS offered by the market players.
“Vendors in the market are opting for M&A to increase their global presence, expand their product portfolio, and achieve economies of scale in various supply chain management (SCM) processes. To establish a global presence, companies are entering collaborations with rivals across different regions. This enables them to deliver services at all points along the supply chain. M&As also expedite the growth of the consolidated firm and help in improving its market position,” says Siddarth Jaiswal, a lead analyst at Technavio for logistics.
Top five vendors in the automotive spare parts logistics market space
CEVA Logistics
CEVA Logistics is a non-asset based supply chain solutions and logistics services company. The company was formed through the merger of TNT Logistics and Eagle Global Logistics and provides supply chain solutions in freight management, contract logistics, and distribution and transportation management to large and medium-sized companies. It operates through a global network of more than 1,000 locations and serves over 160 countries. For FY2015, the company generated revenue of almost $7 billion.
Key products: Air freight, Ocean freight forwarding services, Customs brokerage, Freight management, Contract logistics, Distribution and transportation management solutions, and Aftermarket logistics support services.
DB Schenker
DB Schenker is an integrated logistics services provider. The company supports global industry and trade in the exchange of goods including land transport, worldwide air and ocean freight, SCM and contract logistics. The company is a part of Deutsche Bahn. It caters to the automotive, beverages, building materials, consumer, chemicals, electronics, marine parts, semiconductor/solar, healthcare/pharma, industrial, metals and coal, and retail sectors. It has presence in around 140 countries currently.
Key products: Rail freight, Land transport, Air freight, Ocean freight, Contract logistics/(SCM), Lead logistics, Special products, and Eco solutions
Deutsche Post DHL
Deutsche Post DHL is a logistics and mail communications company that provides integrated services and tailored solutions for the processing and transportation of information and goods in the global market. The company’s network spans across many countries and territories worldwide. For FY2015, the company generated revenue of more than $68 billion.
Key products: Export and import services, Industry solutions, Freight transportation, Warehousing and distribution, Customs, security, and insurance, and SCM solutions.
Kuehne + Nagel
Kuehne + Nagel, along with its subsidiaries, provides integrated logistics services to customers in various industries worldwide. It provides logistics services to various sectors including aerospace, automotive, fast-moving consumer goods, high tech, industrials, oil and gas logistics, pharma and healthcare, and retail. The company provides integrated logistics services such as SCM solutions, customs clearance services, export and import documentation, door-to-door services, and logistics supply movement arrangement services. Further, it also offers risk management and insurance services for the transport and logistics industry. It operates through over 1,000 offices across 100 countries.
Key products: Air freight, Transportation industry solutions, Sea freight, Road freight, Rail freight, Contract logistics, Inbound logistics, In-house logistics, After-sales logistics, SCM consulting, and Packaging solutions.
UPS
UPS is a logistics company that provides SCM and global package delivery services. The company provides logistics services to the global market that includes distribution, transportation, contract logistics, ocean freight, ground freight, air freight, customs brokerage, financing, and insurance. It serves over 220 countries and territories worldwide.
Key products: Air and ocean freight forwarding, Non-vessel-operating common carriers (NVOCC), Contract logistics, Mail services, Customs brokerage, Transportation management, and Equipment leasing.
Other prominent vendors in this market include Bremed, EmsiG, iHealth, Jawon, KERN, Marsden, Mediagate, Medisana, Microlife, Qardio, and Withings.
A more detailed analysis is available in the Technavio report, Global Automotive Spare parts Logistics Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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