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Spare Parts Logistics Market size is set to grow by USD 24.2 billion from 2024-2028, Increase in electronic components trade between India and China boost the market, Technavio

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NEW YORK, July 10, 2024 /PRNewswire/ — The global spare parts logistics market size is estimated to grow by USD 24.2 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.6% during the forecast period. Predictive maintenance plays a crucial role in the spare parts logistics industry by enhancing operational efficiency and reducing downtime. By leveraging predictive analytics and IoT sensors, companies can anticipate equipment failures and schedule maintenance proactively, ensuring that spare parts are available precisely when needed. This approach aligns with the industry’s shift towards enhancing operating efficiency through Industry 4.0 technologies. Despite challenges like the adoption of 3D printing, major players such as CEVA Logistics, Deutsche Post AG, and FedEx Corp. are investing in advanced logistics solutions to meet growing global demand, particularly driven by increased electronic components trade between India and China.

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Spare Parts Logistics Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.6%

Market growth 2024-2028

USD 24.2 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.17

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 48%

Key countries

China, US, Germany, Japan, and India

Key companies profiled

CEVA Logistics, DACHSER SE, Deutsche Bahn AG, Deutsche Post AG, DSV AS, Expeditors International of Washington Inc., FedEx Corp., GEODIS, Kerry Logistics Network Ltd., Kuehne Nagel Management AG, LOGISTEED Ltd., Lufthansa Cargo, Nippon Express Holdings Inc., Ryder System Inc., SEKO Logistics, Scan Global Logistics, Toyota Motor Corp., TVS Supply Chain Solutions Ltd., United Parcel Service Inc., and XPO Inc.

Market Driver

Industry 4.0, the fusion of physical and digital technologies, is revolutionizing manufacturing sectors worldwide. This transformation includes the Internet of Things (IoT), cloud computing, cognitive computing, and cyber-physical systems. By streamlining operations, reducing business risks, and ensuring growth, Industry 4.0 will increase global manufacturing output. With 24-hour production becoming standard, overall equipment effectiveness is crucial. Industry 4.0 enables customized manufacturing, reducing delivery times. As industrial manufacturers expand globally, Industry 4.0 ensures higher connectivity, improving supply chain efficiency for spare parts logistics. Network flexibility allows shifting operations among facilities, enhancing industrial efficiency and boosting spare parts logistics requirements. These benefits are expected to fuel market growth during the forecast period. 

Spare parts logistics is a critical aspect of aftermarket services in various industries, including Aerospace, Electronics, and Healthcare. Trends shaping this market include predictive analytics for proactive maintenance, reverse logistics for circular economy, and digital technologies like AI for efficient warehouse management and inventory control. Aftermarket services encompass repair, refurbishment, and remanufacturing, which add value to customers and reduce costs. Challenges include high costs, unauthorized suppliers, and counterfeit spare parts. Changing customer demands, global economic climate, and political instability impact the market. Digitization and green logistics are essential for sustainability and efficient transportation modes like air, sea, and land. Industrial industries require complex spare parts logistics for modern machinery. Performance-critical components need timely delivery, and warranty management and field service support ensure customer satisfaction. Major restraints include the complexity of spare parts and the need for value-added services. Overall, spare parts logistics plays a crucial role in maintaining industrial productivity and performance. 

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Market Challenges

Spare parts manufacturing is undergoing a significant transformation with the adoption of 3D printing technology. Instead of maintaining inventories of occasionally ordered spare parts, manufacturers are moving towards on-demand manufacturing to reduce costs associated with production, storage, packaging, and transportation. By storing digital blueprints of components, manufacturers can produce and ship parts directly to customers when needed, eliminating the need for inventory storage. This approach saves manufacturers and suppliers inventory costs and reduces logistics expenses by 39%-45%. The use of 3D printing is increasingly popular in industries such as electronics, automotive spare parts, and workshop tools. Additionally, manufacturers can produce parts domestically without establishing production centers, reducing import and export costs. In the future, manufacturers may sell blueprints to suppliers, allowing them to manufacture and sell spare parts components directly to end-users, potentially reducing the need for spare parts logistics functions. Overall, the adoption of 3D printing in spare parts manufacturing offers cost savings, increased efficiency, and flexibility.Spare parts logistics is a critical aspect of modern manufacturing, aerospace, electronics, healthcare, and industrial activities. The challenges in this market include transportation and delivery of spare parts, warehousing and inventory management, and the complexity of dealing with components for various industries. The use of modern machinery and digital technologies, such as automation and real-time tracking, is essential for optimal performance. In the spare parts market, sectors like e-commerce and supply chain management face unique challenges due to inflation and the need for inventory optimization. Market statistics and projections show that the market is growing, with key players focusing on pricing, services supplied, and market engineering. Developments in advanced technologies and joint ventures are shaping the future vision of this industry. Decision-makers must consider external elements, such as market trends and competitor strategies, as well as internal elements, like utilization rate and average sale price, to make informed decisions. This investor’s guide provides percentage splits and market shares, segment breakdowns, and market breakdowns for a better understanding of the market landscape.

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Segment Overview 

This spare parts logistics market report extensively covers market segmentation by

End-user 1.1 Automotive1.2 Electronics1.3 Industrial1.4 Aerospace1.5 OthersType 2.1 Forward2.2 ReverseGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Automotive- The global spare parts logistics market, particularly in the automotive segment, is projected to experience notable growth due to the increasing demand from the passenger vehicle sector. Key spare parts like filters, brakes, suspension, and shock absorbers are frequently replaced in passenger vehicles. The rising number of in-use passenger and commercial vehicles, fueled by the popularity of SUVs, pickup trucks, and light commercial vehicles, is driving global sales. APAC and Europe are significant contributors to the market, with North America holding a substantial share of commercial vehicle sales in 2020. Vehicle manufacturers are expanding production to capitalize on market opportunities in developing economies, leading to an increase in the demand for automotive spare parts and subsequently fueling the growth of the global spare parts logistics market during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

Spare parts logistics refers to the management and transportation of spare components for the repair and maintenance of modern machinery and equipment in various industries, including aerospace, electronics, healthcare, manufacturing, and industrial activities. This market is crucial for ensuring the optimal performance of complex systems and minimizing downtime. The logistics of spare parts involves warehousing, inventory management, and delivery using transportation methods such as air, sea, and ground. Digital technologies and automation play a significant role in modern spare parts logistics, enabling real-time tracking, e-commerce, and supply chain management. Factors such as inflation, complexity, and the utilization rate of spare parts impact the market, requiring a bottom-up methodology and data triangulation approaches to accurately assess market size and trends. The average sale price of spare parts also influences market dynamics.

Market Research Overview

Spare parts logistics refers to the management and transportation of spare components for modern machinery and industrial activities. This market encompasses warehousing, inventory management, and delivery of spare parts for various industries such as aerospace, electronics, healthcare, and manufacturing. The complexity and performance requirements of these industries necessitate advanced technologies like real-time tracking, predictive analytics, and automation. E-commerce and supply chain management have disrupted traditional spare parts logistics, leading to the emergence of digital technologies and market engineering. Inflation, pricing, and utilization rate are key market statistics, while percentage splits and market shares provide segment breakdowns. Decision-makers must consider external elements like political instability and global economic climate, as well as internal elements like major restraints such as high costs, unauthorized suppliers, and counterfeit spare parts. The future vision of spare parts logistics includes circular economy principles, such as repair, refurbishment, and remanufacturing, as well as the use of artificial intelligence, online sales channels, and value-added services like warranty management and field service support. Market projections indicate continued growth, driven by changing customer demands, digitization, and the increasing importance of aftermarket services.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userAutomotiveElectronicsIndustrialAerospaceOthersTypeForwardReverseGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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CGTN: China, Myanmar agree to deepen pragmatic cooperation across the board

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BEIJING, June 19, 2026 /PRNewswire/ — Marking a new milestone in bilateral ties, President of Myanmar Min Aung Hlaing completed his first state visit to China from June 15 to 19, opening a new chapter of in-depth, multi-field pragmatic cooperation between the two neighboring countries.

By visiting China Railway Construction Corporation Limited in Beijing and traveling from the Chinese capital to Shanghai aboard the Fuxing high-speed train, the Myanmar president experienced China’s development achievements firsthand, and voiced Myanmar’s strong willingness to further expand practical infrastructure cooperation with China.

Throughout the fruitful visit, the two countries signed a series of cooperation agreements, consolidating their time-honored “pauk-phaw” friendship.

During a meeting with Min Aung Hlaing on Tuesday, Chinese President Xi Jinping said China stands ready to share its development experience with Myanmar and jointly build a China-Myanmar community with a shared future, which is underpinned by political amity and mutual trust, win-win development, security coordination and people-to-people exchanges.

For years, China has remained Myanmar’s largest trading partner, largest source of imports and most important source of investment. Bilateral trade reached $19.4 billion in 2025, up 19.1% year on year.

Boasting prominent structural complementarity, the trade landscape sees China exporting electromechanical equipment and vehicles to Myanmar while importing high-quality agricultural products and mineral resources from Myanmar, forming a mutually beneficial and stable industrial and trade cycle.

As a key landmark of Belt and Road cooperation, the China-Myanmar Economic Corridor has entered a fast-track development phase. A cluster of flagship projects, including the New Yangon City, the Kyaukphyu Special Economic Zone and the China-Myanmar Railway, have gradually taken shape, forming a solid framework for the construction of the corridor.

These major connectivity projects have effectively driven Myanmar’s industrial upgrading, and improved local livelihoods, injecting strong impetus into cross-border economic integration.

During Tuesday’s talks, Xi reiterated that the China-Myanmar Economic Corridor is a flagship project of the Belt and Road cooperation.

The two sides need to steadily advance the construction of major projects on the basis of ensuring safety and security, and support Myanmar in growing its economy and improving livelihoods, he said.

China, Xi added, stands ready to implement more “small and beautiful” assistance programs, and jointly tell the stories of mutually beneficial cooperation between the two countries.

China and Myanmar on Tuesday issued a lengthy joint statement on accelerating the building of a community with a shared future between the two countries to better benefit the people of both countries.

In a demonstration of the depth and breadth of bilateral relations, the two sides signed a number of cooperative documents, covering transport, science and technology, intellectual property rights, human resources development, public health and media.

Bilateral and multilateral law-enforcement cooperation to combat cross-border criminal activities was also highlighted during the visit, with China and Myanmar expressing their support for the establishment of an international alliance against telecom cyber fraud.

Over recent months, through joint law enforcement coordination, China and Myanmar have cracked down the telecom fraud criminal operations in northern Myanmar, effectively upholding peace and stability along the border as well as the safety of lives and property of people of both countries.

During the talks, Xi said the two sides need to continue cracking down on criminal activities including online gambling, telecom fraud and drug trafficking, and fully safeguard the interests and security of the two peoples.

For his part, Min Aung Hlaing said Myanmar stands ready to work closely with China to resolutely combat online gambling and telecom fraud and safeguard security and stability in the border areas.

Qu Jianwen, chief of the Yunnan Province Association for Southeast Asian Studies, wrote that the China visit by Myanmar’s president vividly demonstrates the sound and growing momentum of bilateral cooperation.

https://news.cgtn.com/news/2026-06-19/China-Myanmar-agree-to-deepen-pragmatic-cooperation-across-the-board-1O64ed6YbYI/p.html

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SOURCE CGTN

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Protecting and Innovating Critical Infrastructure Through New Security Landscapes

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The following article is authored by Skyla Loomis, General Manager, IBM Z Software

ARMONK, N.Y., June 19, 2026 /PRNewswire/ — Over the last few years, we’ve seen seismic shift in enterprise computing. From the rise of machine learning to today’s agentic AI, computing systems have advanced beyond tools into active assistants, requiring new levels of secure, high-powered and efficient infrastructure.

One thing hasn’t changed though the decades. IBM Z has been the most resilient server platform in the market with its average yearly downtime as less than a third of a second.1

This reputation is because as technology has evolved, so has IBM Z. Today, clients have more workloads that may be considered highly sensitive and mission-critical given new sovereignty and regulation requirements, and continue to turn to IBM Z for their core applications.

IBM is continuing to innovate mainframes to address and combat the technological challenges of the future. As part of this mission, today we’re announcing the general availability of three new Z software tools designed to not only meet clients where they are, but to start addressing future challenges such as frontier model attacks. These complement our recent developments with Project Glasswing and our commitment to open-source security with Project Lightwell.

As a leading provider in hybrid cloud, AI and consulting expertise, IBM has developed decades of IBM Z Software to help clients protect themselves for what’s ahead. In cybersecurity, IBM developed IBM Concert for Z last year for enterprises to discover and address vulnerabilities across the entire landscape because we saw the siloed nature of infrastructure and application teams across an organization. Hybrid infrastructure is the reality and we are passionate about giving teams world-class software built to innovate and defend the full stack for the future – IBM Z included.

The following tools are now generally available:

IBM zSecure Detection – Evolving threats mean enterprises need better ways of monitoring and responding. IBM zSecure Detection monitors IBM Z activity for things like ransomware and suspicious behavior across the system. Enterprises now have a comprehensive tool to detect, investigate and respond on z/OS to strengthen their security posture.IBM zSecure Secret Manager – Certificate management can be a burden for infrastructure and security teams. As the lifespan of these certificates shortens, teams need a secure, continuous monitoring for z/OS environments in IBM Z and LinuxONE. Powered by IBM Vault Self-Managed for Z, IBM zSecure Secret Manager gives z/OS teams an automated and cohesive way of addressing certificate management with shortened certificate lifecycle deadlines and fragmented management strategies.IBM Z Database Assistant – IBM Z stands apart with its data integrity, but AI has shifted the need from access to intelligence. Now database teams can use agentic AI to optimize DBA performance, accelerate tasks and help ensure your trusted data is continuously available. IBM Z Database Assistant is proactive, autonomous and intelligent, designed for the future of data operations.

With security threats and new ways of working on IBM Z, we’re equipping the teams that work tirelessly on critical infrastructure to build and operate for the future. The bar for resiliency and 99.999999% uptime1remains the same for our clients, but IBM Z Software will continue to innovate so enterprises can manage and protect their core infrastructure and workloads.

Learn more about the latest Z Software solutions:

IBM zSecure DetectionIBM zSecure Secret ManagerIBM Z Database Assistant

1. ITIC 2025 Global Server Hardware, Server OS Reliability Report, February 2026

About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity, and service.  Visit www.ibm.com for more information.

Media contact:

Marshall Hampson
IBM
marshall.hampson@ibm.com

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SOURCE IBM

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KCS Opens KuCoin’s Ninth Anniversary Chapter, Advancing Token Utility as a Value Participation Layer

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The upgraded KCS experience brings trading efficiency, rewards, payment benefits and ecosystem privileges into one unified user journey.

PROVIDENCIALES, Turks and Caicos Islands, June 19, 2026 /PRNewswire/ — KuCoin, a leading global crypto platform built on trust, today announced the upgraded KCS experience, marking the opening chapter of KuCoin’s ninth anniversary journey and a new step in the evolution of KCS from a platform utility token into a broader value participation layer across the KuCoin ecosystem.

Nine years ago, KCS was introduced to reward and empower KuCoin’s earliest users. Since then, both KuCoin and the broader digital asset industry have undergone profound transformation. What began as a token primarily associated with trading benefits has gradually evolved into a broader ecosystem asset connecting users with rewards, payments,  loyalty privileges and community participation.

As digital asset ecosystems mature,  the role of exchange-native tokens is changing as well. Exchange-native tokens are no longer defined only by isolated benefits or short-term incentives. They are increasingly becoming participation layers that connect users with value across an entire ecosystem. The upgraded KCS experience addresses this shift by bringing fragmented KCS-related benefits into a more connected and actionable journey. Through the upgraded experience, users can better discover and activate KCS benefits across trading fee reductions, rewards, loyalty privileges, KuCard-related incentives and broader ecosystem programs through one clearer pathway. This reflects KuCoin’s trust-first approach in practice: making platform value easier to understand, more transparent to access and more consistent across touchpoints.

“KCS has grown alongside our users and our ecosystem for nearly nine years,” said BC Wong, CEO of KuCoin. “As the industry evolves, we believe the next generation of exchange-native tokens will be defined not simply by utility, but by how effectively they connect users with ecosystem value. Our vision is for KCS to serve as a participation layer that brings together trading, rewards, payments, and future ecosystem experiences into one cohesive journey.”

KCS, the native token of the KuCoin ecosystem, has long served as a bridge between users and KuCoin’s platform value. With this upgrade, KCS’s long-term vision of moving blockchain “from geeks to mass adoption” and building a blockchain-based value self-circulation ecosystem is being translated into a clearer and more practical user experience, making KCS easier to understand, activate and use across KuCoin.

The milestone arrives at a symbolic moment for KuCoin, serving as the opening chapter of its ninth-anniversary journey. As KuCoin prepares to celebrate nine years of growth, the evolution of KCS reflects the broader transformation of KuCoin itself — from a crypto exchange into a global digital asset ecosystem spanning trading, payments, Web3 infrastructure, institutional services and emerging technologies such as AI. In this next chapter, KCS is designed to become a clearer user-facing gateway to KuCoin’s expanding ecosystem, helping users better discover, understand and participate in the value created across the platform. As KuCoin enters its ninth anniversary, the upgraded KCS experience sets the tone for a broader vision: making ecosystem value more accessible, connected and meaningful for users worldwide.

About KuCoin

Founded in 2017, KuCoin is a leading global crypto platform built on trust and security, serving over 40 million users across 200+ countries and regions. Known for its reliability and user-first approach, the platform combines advanced technology, deep liquidity, and strong security safeguards to deliver a seamless trading experience. KuCoin provides access to 1,500+ digital assets through a broad product suite and remains committed to building transparent, compliant, and user-centric digital asset infrastructure for the future of finance, backed by SOC 2 Type II, ISO/IEC 27001:2022, and ISO/IEC 27701:2019 Certifications. In recent years, we have built a strong global compliance foundation, marked by key milestones including AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory progress in other markets.

Learn more at www.kucoin.com.

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