PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1887040
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1887040
The global spare parts logistics market continues to evolve as vehicle ownership rises and automotive supply chains grow more complex. According to the Fortune Business Insights report, the global market size reached USD 14.12 billion in 2024. Despite short-term fluctuations, the market is projected to adjust to USD 12.66 billion in 2025 before expanding significantly to USD 18.77 billion by 2032, reflecting a steady upward trajectory fueled by aftermarket growth, e-commerce expansion, and rising demand for vehicle maintenance and repair.
Market Overview and Key Growth Factors
Spare parts logistics involves the systematic planning, movement, and storage of automotive components required for vehicle repairs and maintenance. The sector manages warehousing, inventory control, transportation, order fulfillment, and demand forecasting across global markets. In 2024, Europe held the dominant position with 46.32% of the global market share, supported by a mature automotive ecosystem, a large aging vehicle fleet, and rising adoption of electric vehicles.
The market's growth is driven by rising global vehicle sales and a surge in vehicle lifespan. The OICA reported that global vehicle sales increased to 82 million units in 2024, up 2.5% from 2023. Older vehicles demand more frequent repairs, naturally increasing spare parts consumption and driving the need for efficient logistics services.
However, high logistics costs driven by fuel price volatility and the integration of sophisticated technologies in supply chain operations pose challenges. Still, e-commerce-driven parts purchases and the rise of digital platforms continue to support sustained market expansion through 2032.
Key Market Dynamics
Drivers - Rising Vehicle Ownership
The rising number of cars, SUVs, and commercial vehicles on the road amplifies demand for timely repairs. Manufacturers and service centers rely on optimized logistics networks to deliver components quickly and accurately. The upward trend in global vehicle ownership remains a major contributor to the rise in spare parts logistics demand from 2024 through 2032.
Restraints - Economic Pressures and Tariffs
Global economic slowdowns, increasing transportation costs, and import tariffs negatively impact supply chain continuity. In March 2025, the U.S. implemented a 25% tariff on parts imported from several trade partners, affecting engines, transmissions, and catalytic converters. These trade measures increase operational expenses, both for distributors and end-users.
Opportunities - Sustainable and Green Logistics
Sustainability-focused operations are creating new opportunities. Companies are shifting toward electric delivery fleets, eco-friendly packaging, and optimized routing systems. In February 2025, CEVA Logistics added 23 electric trucks across Europe to advance its net-zero goals, highlighting the growing role of green logistics in future supply chain models.
By Transportation Mode
By Service Type
By Vehicle Type
By End-use
Europe
Europe led the global market with USD 6.44 billion in 2024, maintaining its position in 2025. Strong EV adoption and green logistics push the region's growth through 2032.
North America
North America is projected to reach USD 3.27 billion in 2025, supported by high vehicle ownership and expanding e-commerce channels.
Asia Pacific
Asia Pacific will achieve USD 2.64 billion in 2025, driven by rising automotive production in China and India.
Conclusion
From USD 14.12 billion in 2024 to an expected USD 18.77 billion by 2032, the spare parts logistics market is poised for strong expansion. With rising global vehicle usage, aftermarket growth, and digital transformation reshaping supply chains, the sector remains essential to automotive performance and customer satisfaction worldwide.
Segmentation By Transportation Mode
By Service Type
By Vehicle Type
By End-use
By Spare Parts Type
By Region