Tuesday, 02 January 2024 12:17 GMT

Spare Parts Logistics Market To Reach USD $49.2 Billion By 2029 At 6.5% CAGR


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How Big Is The Spare Parts Logistics Market In 2025?
There has been a significant expansion in the size of the spare parts logistics market in the past few years. Its growth trajectory shows an increase from $35.96 billion in 2024 to $38.2 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. Factors contributing to this growth in the historical period include an increased demand for vehicle upkeep and repair services, the escalating complexity of automotive parts necessitating specialized logistics, a growing need for the availability of aftermarket spare parts, greater adoption of just-in-time inventory systems, and intense competition amongst automotive service providers.

In the coming years, the spare parts logistics market is projected to experience significant growth. The market value is expected to reach $49.21 billion by 2029, growing with a compound annual growth rate (CAGR) of 6.5%. The predicted growth during the forecast period can be credited to factors such as the expanding demand for e-commerce and online spare parts transactions, increasing urgency for rapid spare part delivery to final consumers, surging uptake of internet of things-powered smart warehouses, greater focus on eco-friendly, sustainable logistic solutions, and escalating necessity for real-time tracking and visibility of spare parts. Developing sustainable logistic solutions, formulating cloud-based inventory management systems, blockchain integration for improved traceability, innovating just-in-time delivery techniques, and advancements in 3D printing of spare parts represent key trends during the forecast period.

Download a free sample of the spare parts logistics market report:

What Are The Key Driving Factors For The Growth Of The Spare Parts Logistics Market?
The surge in the need for post-purchase services is anticipated to fuel the expansion of the spare parts logistics market in the future. Post-purchase services encompass the extensive support offered by a company to its clients following the acquisition of a product. Such services include installation, maintenance repair, provision of spare parts, product upgrades, and customer support, all aimed at ensuring customer contentment, product durability, and brand fidelity. Such services are gaining more demand as manufacturers put increased emphasis on offering comprehensive maintenance and support to clients. As a result, an uptick in demand for spare parts logistic solutions is observable as the growth of post-purchase services necessitates efficient stock management, quick deliveries, and enhanced supply chain reactivity. For instance, as per Reuters in September 2024, Ola Electric ran around 800 corporately-owned stores and 431 service hubs, and communicated expansion plans to 1,800 centres by the end of the festive period with the goal of incorporating 10,000 new partners by 2025. This showcases remarkable growth in its post-purchase service network to increase customer accessibility and market infiltration. Thus, the escalating demand for after-sales services is propelling the demand for the spare parts logistics market.

Who Are The Key Players In The Spare Parts Logistics Industry?
Major players in the Spare Parts Logistics Global Market Report 2025 include:
. DHL Group
. Kuehne + Nagel
. DB Schenker
. UPS Supply Chain Solutions
. CEVA Logistics
. DSV
. XPO Logistics
. FedEx Supply Chain
. Nippon Express
. Geodis

What Are The Top Trends In The "Get 20% Off All Global Market Reports With Code ONLINE20 – Stay Ahead Of Trade Shifts, Macroeconomic Trends, And Industry Disruptors

How Big Is The Spare Parts Logistics Market In 2025?
There has been a significant expansion in the size of the spare parts logistics market in the past few years. Its growth trajectory shows an increase from $35.96 billion in 2024 to $38.2 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. Factors contributing to this growth in the historical period include an increased demand for vehicle upkeep and repair services, the escalating complexity of automotive parts necessitating specialized logistics, a growing need for the availability of aftermarket spare parts, greater adoption of just-in-time inventory systems, and intense competition amongst automotive service providers.

In the coming years, the spare parts logistics market is projected to experience significant growth. The market value is expected to reach $49.21 billion by 2029, growing with a compound annual growth rate (CAGR) of 6.5%. The predicted growth during the forecast period can be credited to factors such as the expanding demand for e-commerce and online spare parts transactions, increasing urgency for rapid spare part delivery to final consumers, surging uptake of internet of things-powered smart warehouses, greater focus on eco-friendly, sustainable logistic solutions, and escalating necessity for real-time tracking and visibility of spare parts. Developing sustainable logistic solutions, formulating cloud-based inventory management systems, blockchain integration for improved traceability, innovating just-in-time delivery techniques, and advancements in 3D printing of spare parts represent key trends during the forecast period.

Download a free sample of the spare parts logistics market report:

What Are The Key Driving Factors For The Growth Of The Spare Parts Logistics Market?
The surge in the need for post-purchase services is anticipated to fuel the expansion of the spare parts logistics market in the future. Post-purchase services encompass the extensive support offered by a company to its clients following the acquisition of a product. Such services include installation, maintenance repair, provision of spare parts, product upgrades, and customer support, all aimed at ensuring customer contentment, product durability, and brand fidelity. Such services are gaining more demand as manufacturers put increased emphasis on offering comprehensive maintenance and support to clients. As a result, an uptick in demand for spare parts logistic solutions is observable as the growth of post-purchase services necessitates efficient stock management, quick deliveries, and enhanced supply chain reactivity. For instance, as per Reuters in September 2024, Ola Electric ran around 800 corporately-owned stores and 431 service hubs, and communicated expansion plans to 1,800 centres by the end of the festive period with the goal of incorporating 10,000 new partners by 2025. This showcases remarkable growth in its post-purchase service network to increase customer accessibility and market infiltration. Thus, the escalating demand for after-sales services is propelling the demand for the spare parts logistics market.

Who Are The Key Players In The Spare Parts Logistics Industry?
Major players in the Spare Parts Logistics Global Market Report 2025 include:
. DHL Group
. Kuehne + Nagel
. DB Schenker
. UPS Supply Chain Solutions
. CEVA Logistics
. DSV
. XPO Logistics
. FedEx Supply Chain
. Nippon Express
. Geodis

What Are The Top Trends In The Spare Parts Logistics Industry?
Large corporations in the spare parts logistics market are increasingly deploying sophisticated solutions such as generative artificial intelligence (AI) for identifying components. This initiative is aimed at streamlining and automating their procurement and fulfillment procedures. The generative AI technology, utilized for this purpose, uses machine learning models that are trained on comprehensive datasets of images, 3D designs, and technical particulars. This AI system can promptly identify spare parts from imperfect inputs such as unclear images or nondescript descriptions. For example, in February 2025, Honeywell, a US technology firm, launched its Generative AI-backed Component Identification tool. This tool permits maintenance personnel to merely upload a picture of a broken or worn-out component. The AI system then identifies the component, cross-checks it against Honeywell's global inventory, and automatically formulates an accurate order request. This significant update significantly minimises human mistakes and considerably shortens the time taken to find the right part codes. The AI tool, fully integrated with Honeywell's logistics platform, aids in reducing equipment downtime, enhancing first-fix rates, and making overall spare parts supply chain more efficient.

What Segments Are Covered In The Spare Parts Logistics Market Report?
The spare parts logisticsmarket covered in this report is segmented –

1) By Service Type: Inventory Management, Warehousing And Distribution, Transportation Services, Order Fulfillment, Reverse Logistics, Packaging And Labeling, After-Sales Services
2) By Vehicle Type: Hatchback Or Sedan, Sports Utility Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles
3) By Application: Repair And Maintenance, Warranty And After-Sales, New Product Manufacturing, Field Service Operations.
4) By End-User Industry: Automotive, Industrial Equipment, Aerospace, Consumer Electronics, Energy And Utilities

Subsegments:
1) By Inventory Management: Stock Monitoring, Demand Forecasting, Order Tracking, Inventory Optimization
2) By Warehousing And Distribution: Storage Management, Cross Docking, Cold Chain Warehousing, Regional Distribution
3) By Transportation Services: Road Transportation, Rail Transportation, Air Transportation, Sea Transportation
4) By Order Fulfillment: Order Processing, Picking And Packing, Shipping Management, Delivery Scheduling
5) By Reverse Logistics: Return Management, Refurbishment Services, Recycling Solutions, Disposal Management
6) By Packaging And Labeling: Protective Packaging, Custom Packaging, Barcode Labeling, Compliance Labeling
7) By After-Sales Services: Installation Support, Maintenance Services, Repair Services, Customer Assistance

View the full spare parts logistics market report:

Which Region Is Expected To Lead The Spare Parts Logistics Market By 2025?
In the Spare Parts Logistics Global Market Report 2025, North America held the leading position in the spare parts logistics market for the year 2024. It is anticipated that the region of Asia-Pacific will witness the most rapid growth in the forecast period. This market report comprises all regions, specifically North America, South America, Asia-Pacific, Western Europe, Eastern Europe, Middle East, and Africa.

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Speak With Our Expert:
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Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
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Large corporations in the spare parts logistics market are increasingly deploying sophisticated solutions such as generative artificial intelligence (AI) for identifying components. This initiative is aimed at streamlining and automating their procurement and fulfillment procedures. The generative AI technology, utilized for this purpose, uses machine learning models that are trained on comprehensive datasets of images, 3D designs, and technical particulars. This AI system can promptly identify spare parts from imperfect inputs such as unclear images or nondescript descriptions. For example, in February 2025, Honeywell, a US technology firm, launched its Generative AI-backed Component Identification tool. This tool permits maintenance personnel to merely upload a picture of a broken or worn-out component. The AI system then identifies the component, cross-checks it against Honeywell's global inventory, and automatically formulates an accurate order request. This significant update significantly minimises human mistakes and considerably shortens the time taken to find the right part codes. The AI tool, fully integrated with Honeywell's logistics platform, aids in reducing equipment downtime, enhancing first-fix rates, and making overall spare parts supply chain more efficient.

What Segments Are Covered In The Spare Parts Logistics Market Report?
The spare parts logisticsmarket covered in this report is segmented –
1) By Service Type: Inventory Management, Warehousing And Distribution, Transportation Services, Order Fulfillment, Reverse Logistics, Packaging And Labeling, After-Sales Services
2) By Vehicle Type: Hatchback Or Sedan, Sports Utility Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles
3) By Application: Repair And Maintenance, Warranty And After-Sales, New Product Manufacturing, Field Service Operations.
4) By End-User Industry: Automotive, Industrial Equipment, Aerospace, Consumer Electronics, Energy And Utilities

Subsegments:
1) By Inventory Management: Stock Monitoring, Demand Forecasting, Order Tracking, Inventory Optimization
2) By Warehousing And Distribution: Storage Management, Cross Docking, Cold Chain Warehousing, Regional Distribution
3) By Transportation Services: Road Transportation, Rail Transportation, Air Transportation, Sea Transportation
4) By Order Fulfillment: Order Processing, Picking And Packing, Shipping Management, Delivery Scheduling
5) By Reverse Logistics: Return Management, Refurbishment Services, Recycling Solutions, Disposal Management
6) By Packaging And Labeling: Protective Packaging, Custom Packaging, Barcode Labeling, Compliance Labeling
7) By After-Sales Services: Installation Support, Maintenance Services, Repair Services, Customer Assistance

View the full spare parts logistics market report:

Which Region Is Expected To Lead The Spare Parts Logistics Market By 2025?
In the Spare Parts Logistics Global Market Report 2025, North America held the leading position in the spare parts logistics market for the year 2024. It is anticipated that the region of Asia-Pacific will witness the most rapid growth in the forecast period. This market report comprises all regions, specifically North America, South America, Asia-Pacific, Western Europe, Eastern Europe, Middle East, and Africa.

Browse Through More Reports Similar to the Global Spare Parts Logistics Market 2025, By The Business Research Company

Car Seat And Accessories Global Market Report 2025
/report/car-seat-and-accessories-global-market-report

Motor Vehicle Parts Global Market Report 2025
/report/motor-vehicle-parts-global-market-report

Freight Railcar Parts Global Market Report Global Market Report 2025
/report/freight-railcar-parts-global-market-report

Speak With Our Expert:
Saumya Sahay
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email:...
The Business Research Company -

Follow Us On:
. LinkedIn: "

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