Spare Parts Logistics Market Poised for Significant Growth, Fueled ... - GlobeNewswire

The global spare parts logistics market is expected to grow at a CAGR of 5.47% during the forecast period of 2022-2027. Factors driving this growth include increased electronic components trade between India and China, rising average vehicle age, and increased hardware spending in the Asia-Pacific region. The market is projected to expand by USD 22.48 billion. Integration of advanced technologies such as automation, robotics, and IoT in spare parts logistics operations is also contributing to market growth.

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