The Global Spare Parts Logistics Market was valued at USD 21.3 Billion in 2021 and is projected to reach USD 36.9 Billion by 2030, growing at a CAGR of 6.6% from 2022 to 2030.

Government incentives, rising regional demand, and cheap availability of raw materials are likely to be significant drivers of light-duty vehicle growth in the area, which will boost demand for spare parts throughout the forecast period.

Major market player included in this report are:
Sumitomo
Denso
Magna International Inc.
NTN Corp.
Mando
Hyundai Wia
MRF
TVS
Bharat Forge
Continental AG
ZF Friedrichshafen AG
DENSO Corporation
Lear Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Motor Vehicle Engine
Power Train & Parts
Motor Vehicle Electrical & Electronic Equipment
others
By Application Type
Industrial Sector
Technology Industry
Automotive sector
others
By Service Channel
OEM
Aftermarket


By Region:
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rusia
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of MEA

Furthermore, years considered for the study are as follows:

Historical year 2017, 2020
Base year 2021
Forecast period 2022 to 2030.

Target Audience of the Global Spare Parts Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors