DUBLIN, October 17, 2017 /PRNewswire/ --
The "Spare Parts Logistics Market in APAC 2017-2021" report has been added to Research and Markets' offering.
The spare parts logistics market in APAC to grow at a CAGR of 6.47% during the period 2017-2021.
Spare Parts Logistics Market in APAC 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
One trend in the market is improvements in technology for spare parts logistics. The use of upgraded technologies in spare parts logistics service is likely to increase during the forecast period. The spare parts logistics service providers such as CEVA Logistics, DHL, and KUEHNE + NAGEL have a range of spare parts logistics services such as GPS-enabled transportation trucks for tracking of spare parts in transit, RFID for spare parts inventory control, bar coding, and management information system related services.
According to the report, one driver in the market is higher profit margins for spare parts than for core vehicle sales. In growing automobile markets such as in the India, China, and Indonesia, the revenue from spare parts business is more than 20% of the total revenue generation of automobile companies. The proper operation of the supply chain for spare parts helps automotive companies reach healthy profit margins when spare parts are sold in aftermarkets as parts are priced 20%-30% higher than spare parts that are attached to the vehicle during its assembly on the production line.
Further, the report states that one challenge in the market is excess cost due to over stocking of spare parts. Stock allocation, inventory control policies, and warehouse localization are of paramount importance in a logistics system. The complexity involved in inventory management of spare parts will have an impact depending on the high critical industries such as the aerospace and to some extent the automotive industry as well.
Major Market Trends
- Improvements in technology for spare parts logistics
- Integration of 3D printing technology for spare parts production
- Rising adoption of electronic components in vehicles
- CEVA Logistics
- DB Schenker
- KUEHNE + NAGEL
Other prominent vendors
- Broekman Logistics
- C.H. ROBINSON
- Kerry Logistics
- TVS Logistics
- Yusen Logistics
Key Topics Covered:
- Executive Summary
- Scope Of The Report
- Research Methodology
- Market Landscape
- Market Segmentation By End-Users
- Regional Landscape
- Decision Framework
- Drivers And Challenges
- Market Trends
- Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/h673zb/spare_parts
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SOURCE Research and Markets