Albany, NY -- (SBWIRE) -- 12/16/2016 -- Logistics and supply chains for spare parts are different from those of finished products because the market for them is unstable. Many manufacturing companies are facing challenges because of an increase in operational costs and a decline in demand from consumers. Vendors of logistics services should be efficient in the provision of IT, data management, and SCM services. Accurate forecasting of demand takes systematic and proper planning, purchasing, and ordering of logistics operations.

The global automotive spare parts logistics market to grow at a CAGR of 6.12% during the period 2016-2020. Logistics is the framework used to transport spare parts such as machine components, tools, and equipment required for the manufacture of new vehicles and replacement of defective parts. These parts can be transported by road, sea, rail, and air. Spare parts are also known as replacement parts, service parts, and repair parts. Spare parts are stored by vendors to be used when the demand arises for replacement or repair of a product. The demand for spares is characterized by fluctuations and volatility. It is affected by stochastic factors such as the intensity of product use, wear behavior, failure rates, and type of maintenance.

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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 market is divided into the following segments based on geography:
- APAC
- Europe
- MEA
- North America
- South America

Technavio's report, Global Automotive Spare Parts Logistics Market 2016-2020, 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.

Key vendors
- CEVA Logistics
- DB Schenker
- Deutsche Post DHL
- Kuehne + Nagel
- UPS

Other prominent vendors
- Broekman Logistics
- BEUMER Group
- FedEx
- Kerry Logistics
- Logwin
- Ryder System
- SEKO Logistics
- TVS Logistics
- DSV A/S
- Verst Group Logistics
- Yusen Logistics

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Key questions answered in this report:-
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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