DUBLIN, Dec 21, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Automotive Spare Parts Logistics Market 2016-2020" report to their offering.
The global automotive spare parts logistics market to grow at a CAGR of 6.12% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global automotive spare parts logistics market for 2016-2020. To calculate the market size, the report considers the revenue generated third-party logistics (3PL) providers providing spare parts logistics services in the market. The report also includes a discussion of the key vendors operating in this market.
Vendors opt 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 merge with rivals in 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.
According to the report, in Europe and North America, there is high demand for spare parts because of the large fleet of ageing vehicles. Due to the high demand, logistics providers have been able to scale up their network in these mature markets.,. However, they need to scale up and improve on stock planning and inventory management in China and other emerging markets as the fleet of ageing vehicles in these markets is also increasing. In China, more than 25% of the vehicles were above six years of age in 2012. By the end of 2016, more than 36% of the vehicles are expected to be more than six years old.
Further, the report states that choosing the right supply chain is of utmost importance as customers prefer shorter lead times. However, in addition to lead times, the OEMs also need to consider order sizes in order to maintain profits. This is because the price of freight reduces with an increase in the quantity. Because of this reason and the volatility in the demand for spare parts, the just-in-time model is not always suitable to the market from a profitability point of view.
- CEVA Logistics
- DB Schenker
- Deutsche Post DHL
- Kuehne + Nagel
Other prominent vendors
- Broekman Logistics
- BEUMER Group
- Kerry Logistics
- Ryder System
- SEKO Logistics
- TVS Logistics
- DSV A/S
- Verst Group Logistics
- Yusen Logistics
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Geographical segmentation
Part 07: Market drivers
Part 08: Market challenges
Part 09: Impact of drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/skj39t/global_automotive
Research and Markets
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SOURCE Research and Markets