Spare Parts Management (SPM) Market by Solutions (Spare Part Tracking & Automation, Inventory Management, Procurement & Order Management, Reporting & Analytics, Planning & Forecasting), Spare Part Management Services, Type - Global Forecast to 2030

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USD 1,820.2 MN
MARKET SIZE, 2030
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CAGR 12.3%
(2025-2030)
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320
REPORT PAGES
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250
MARKET TABLES

OVERVIEW

spare-part-management-market Overview

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The spare parts management market is projected to reach USD 1,820.2 million by 2030 from USD 1,021.3 million in 2025, at a CAGR of 12.3%. Growth in the spare parts management market is driven by expanding MRO operations, real-time inventory optimization needs, and the shift toward advanced service parts planning. Companies are adopting AI-enabled demand forecasting, predictive maintenance, and intelligent inventory control to improve parts availability, reduce service delays, and strengthen supply chain visibility across global service networks.

KEY TAKEAWAYS

  • BY REGION
    Asia Pacific is expected to emerge as the fastest-growing region in the spare parts management market, driven by industrial digitalization, expanding manufacturing bases, and rising demand for real-time parts visibility. India, Indonesia, Malaysia, and Vietnam are adopting cloud-based inventory management, predictive maintenance, and automated distribution.
  • By SOLUTION
    By solution, the inventory management segment is estimated to hold the largest share (30%) of the spare parts management market in 2025.
  • BY PROFESSIONAL SERVICE
    By professional service, the support & maintenance segment is expected to register the highest CAGR of 17.6% during the forecast period.
  • BY VERTICAL
    By vertical, the healthcare & life sciences segment is projected to showcase the highest CAGR of 15.5% during the forecast period.
  • BY DEPLOYMENT MODE
    By deployment mode, the cloud segment is expected to grow at a higher rate than the on-premises segment, driven by the rising adoption of SaaS-based spare parts management, real-time inventory visibility needs, scalable service operations, and integrated analytics for optimized parts planning.
  • BY TYPE
    By type, the standalone SPM software segment is estimated to lead the market, driven by strong demand for focused planning tools, simplified deployment needs, flexible integration options, and efficient control of core spare parts operations.
  • BY ORGANIZATION SIZE
    By organization size, SMEs are expected to witness a higher growth rate than large enterprises, driven by the rising adoption of affordable cloud-based spare parts management, simplified inventory control needs, faster deployment cycles, and stronger demand for real-time parts visibility.
  • COMPETITIVE LANDSCAPE
    Syncron, PTC, IFS, Baxter Planning, and Fiix are among the major players in the spare parts management market, collaborating with manufacturers and service-intensive enterprises to deliver AI-enabled service parts planning, predictive maintenance analytics, automated replenishment, and real-time inventory visibility.
  • COMPETITIVE LANDSCAPE
    Raseed, Upkeep, and Megaventory have distinguished themselves among startups and SMEs due to their robust product portfolios and effective business strategies.

The spare parts management market is witnessing steady growth, driven by industries moving toward smarter service operations and real-time parts availability. With a focus on zero-downtime maintenance, companies are adopting integrated spare parts inventory management systems with AI-driven demand forecasting, centralized parts catalogs for a unified view, and automated replenishment. These tools help prevent stock-outs and reduce extra carrying costs. As field service, aftermarket support, and global distribution come together, spare parts management is evolving into a unified supply chain intelligence system. This shift enhances operational resilience, improves service performance, and facilitates cost-efficient parts lifecycle optimization.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The section highlights the major shifts redefining customer strategies in the spare parts management market, emphasizing how real-time parts visibility, predictive maintenance, and AI-enabled planning are transforming service operations. It examines evolving requirements across manufacturing, transportation & logistics, as well as construction, as organizations adopt cloud-based service parts management, automated replenishment, and integrated field service logistics to reduce delays and improve asset uptime. It links these priorities to measurable outcomes such as optimized inventory levels, faster service resolution, lower maintenance costs, and enhanced operational reliability, positioning advanced spare parts management platforms as a core enabler of resilient, efficient, and digitally connected service supply chains.

spare-part-management-market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Escalating unplanned downtime asset-hour costs
  • Improvement in fill-rate precision with AI demand forecasting
RESTRAINTS
Impact
Level
  • Proprietary lock-ins and restricted data access
  • Inaccurate and inconsistent spare parts data
OPPORTUNITIES
Impact
Level
  • Real-time IoT telemetry for inventory visibility
  • Shift toward servitization and uptime-based contracts
CHALLENGES
Impact
Level
  • Managing long-tail, low-turn spare parts complexity
  • Supplier lead-time volatility impacting fill rates

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Escalating unplanned downtime asset-hour costs

Rising unplanned downtime costs are accelerating the need for advanced spare parts management across asset-heavy industries. With firms facing substantial revenue losses due to equipment failures, organizations are prioritizing predictive maintenance, real-time parts visibility, and automated spare parts replenishment to protect their uptime. This shift is boosting the adoption of AI-driven parts planning, SKU criticality scoring, and integrated maintenance-to-inventory workflows, positioning spare parts management as a core driver of operational reliability and cost control.

Restraint: Inaccurate and inconsistent spare parts data

Data inaccuracy and disconnected field stock remain key restraints in the spare parts management market. Disorganized truck inventory, poor location visibility, and incorrect reorder points weaken demand forecasting, inventory optimization, and automated replenishment. These issues reduce first-time fix rates and increase costs. Since AI-driven planning and predictive maintenance require clean, unified data, vendors must focus on strong data governance and mobile inventory tracking to improve accuracy and overall SPM performance.

Opportunity: Real-time IoT telemetry for inventory visibility

The rise of IoT-enabled infrastructure is creating a significant opportunity for real-time spare parts visibility and predictive replenishment. Continuous asset telemetry over 5G supports IoT-driven inventory optimization, predictive maintenance analytics, and automated parts ordering. With IoT gateways and AI models converting sensor data into accurate forecasts, companies can improve uptime, cut carrying costs, and manage the spare parts lifecycle more efficiently.

Challenge: Managing long-tail, low-turn spare parts complexity

Managing long-tail, low-turn spare parts remains challenging because slow-moving SKUs increase costs, reduce inventory accuracy, and affect minimum downtime. Companies use AI-driven criticality scoring, predictive maintenance, and risk-based governance to identify essential parts. Modern inventory optimization tools help rationalize slow movers, improving asset uptime and lowering carrying costs.

spare-part-management-market: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
Embraer successfully optimizes spare parts planning with Servigistics, saving more than USD 50 million 12.5% reduction in inventory, cutting carrying costs by USD 25.5 million | Total cost savings exceeding USD 50 million | 35% improvement in inventory turns and enhanced service levels | 2.5% increase in profit (USD 26 million) | Greater planning agility and cross-team efficiency through a unified parts ecosystem
Syncron enables Al Masaood Automobiles to enhance inventory efficiency and service performance 15% reduction in national inventory and 20% in branch inventory | Increase in parts turnover from 1.89 to 2.50 turns | Reduction in stock order cycle from 61 days to 46 days | Decrease in manual order review from full intervention to 20–30% | First-pick availability improvement from 93% to 96% | 35% reduction in storage space and 15% decrease in manpower load | Enhanced supplier collaboration and sustained profitability with unchanged staff headcount
eMaint streamlines spare parts management for Cerapedics through CMMS integration Hundreds of labor hours saved through automated parts tracking and access | Rapid search capability enabling faster response during maintenance emergencies | Seamless synchronization between maintenance and procurement systems | Reduction in downtime and improved spare parts availability | Simplified purchase order generation and inventory forecasting | Enhanced operational visibility and decision-making through analytics
ToolsGroup enables Lennox to optimize service parts planning and reduce stock-outs Stock-outs reduced by more than half, from 9% to 4% | Improved forecast precision through advanced seasonality clustering and ML insights | Enhanced service levels while expanding distribution capacity by 30% | Balanced inventory allocation and reduced working capital requirements | Streamlined operational control with dynamic, automated inventory mix optimization
Triangle Tube enhances after-sales experience through 3D digital transformation with Partful Improved order accuracy and reduced downtime across service operations | Enhanced customer experience through faster response times and more transparent communication | Increased operational efficiency and reduced dependency on manual parts lookup | Strengthened customer relationships through transparency and reliable support | Achieved better alignment between technology innovation and customer-centric service goals

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The spare parts management ecosystem consists of integrated stakeholders that ensure efficient, reliable, and data-driven aftermarket operations. Software providers deliver service parts planning tools, inventory optimization platforms, predictive maintenance analytics, and real-time visibility solutions. Service providers support parts fulfillment, logistics coordination, and outsourced supply chain operations that enhance availability and reduce downtime. Together, these players enable automated replenishment, accurate demand forecasting, and seamless multi-site inventory control, creating a connected ecosystem that drives operational resilience, cost efficiency, and higher asset uptime for enterprises.

spare-part-management-market Ecosystem

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

spare-part-management-market Segments

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Spare Parts Management Market, By Solution

By solution, spare parts tracking and automation are expected to experience the fastest adoption, driven by the need for real-time parts visibility, faster service responsiveness, and automated control of high-volume inventories. Organizations are increasingly relying on barcode/RFID tracking, IoT-enabled parts monitoring, and automation-led replenishment to eliminate manual errors, prevent stockouts, and minimize equipment downtime.

Spare Parts Management Market, By Professional Service

By professional service, the integration & implementation segment is expected to lead the market as companies work to connect new SPM systems with existing enterprise tools. These services help build an accurate spare parts catalog, align master data, and unify maintenance, supply chain, and warehouse workflows. They also configure inventory rules, parts usage logic, and multi-location operations for consistent control across all sites. As organizations focus on smooth rollouts, stable performance, and stronger visibility, integration & implementation services become essential to unlock the full value of spare parts management solutions.

Spare Parts Management Market, By Vertical

Manufacturing is estimated to capture the largest share of the spare parts management market, driven by high asset intensity, complex production lines, and the need to minimize equipment downtime. Manufacturers rely on real-time parts visibility, centralized inventory control, and accurate demand forecasting to prevent production disruptions and maintain stable output. The sector also emphasizes predictive maintenance alignment, efficient parts procurement, and multi-plant inventory synchronization to support continuous operations.

Spare Parts Management Market, By Deployment Mode

The on-premises segment is estimated to lead the market, driven by organizations that require strict control over operational data, secure infrastructure, and highly governed maintenance environments. Industries managing sensitive asset information favor on-premises systems for their ability to support localized inventory control, secure parts planning, and offer reliable order processing without external dependency. This deployment mode provides high system stability, faster in-house data processing, and consistent access to mission-critical spare parts workflows.

Spare Parts Management Market, By Type

Integrated SPM software is expected to witness a higher demand than standalone SPM software, driven by the shift toward unified platforms that consolidate planning, forecasting, inventory optimization, procurement, and analytics into a single system. These solutions eliminate data silos, improve real-time inventory visibility, and support AI-driven demand forecasting, predictive maintenance, and automated replenishment. By enabling higher asset uptime, stronger inventory accuracy, and reduced stock-outs and minimum equipment downtime, integrated SPM software has become the preferred choice for organizations seeking scalable, connected, and efficiency-focused spare parts management.

Spare Parts Management Market, By Organization Size

Large enterprises are expected to dominate the spare parts management market because they manage extensive asset fleets, operate across multiple locations, and must maintain robust service continuity. These organizations rely on centralized inventory control, enterprise-wide parts planning, and high parts availability to avoid service delays and expensive downtime. Large enterprises also focus on achieving real-time visibility, adhering to SLAs, and implementing standardized workflows across all sites.

REGION

North America to be largest region in global spare parts management market during forecast period

North America is expected to remain the largest region in the global spare parts management market, supported by strong adoption across the US and Canada. The US drives substantial demand through its large industrial equipment base, advanced aerospace sector, and digitized aftermarket service networks that rely on real-time parts visibility, parts lifecycle optimization, and predictive maintenance. Canada contributes through its growing transportation, mining, and heavy-equipment industries, where companies focus on maintaining inventory accuracy, ensuring critical parts availability, and reducing downtime. Together, these markets continue to expand the use of modern spare parts management platforms that enable multi-site operations, automated replenishment, and high service reliability for mission-critical assets.

spare-part-management-market Region

spare-part-management-market: COMPANY EVALUATION MATRIX

PTC (Star) leads the spare parts management market with advanced service lifecycle platforms, AI-driven parts planning, and strong integration across PLM, IoT, and field service systems that depend on accurate, real-time parts data. ToolsGroup (Emerging Leader) is gaining momentum with probabilistic forecasting, autonomous replenishment, and strong traction in distribution-heavy sectors, improving inventory accuracy and service responsiveness. While PTC excels through scale, analytics strength, and end-to-end operational alignment, ToolsGroup is advancing toward the leaders’ quadrant by enhancing predictive planning, expanding multi-site optimization, and upgrading its SPM analytics capabilities.

spare-part-management-market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

  • Syncron (Sweden)
  • IFS (Sweden)
  • PTC (US)
  • Baxter Planning US)
  • Fiix (Canada)
  • SAP (Germany)
  • IBM (US)
  • Oracle (US)
  • Tavant (US)
  • Dassault Systemes (France)
  • Cryotos (India)
  • eMaint (US)
  • ERPAG (US)
  • Megaventory (US)
  • UpKeep (US)
  • Infraon (US)
  • ValueApex (China)
  • MPulse Software (US)
  • AntMyErp (India)
  • Limble CMMS ( US)
  • Fleataable (India)
  • Verusen (US)
  • Mastek (India)
  • Raseed (India)
  • PartsCloud (Germany)
  • SPARTECH (Germany)
  • Partful (England)
  • Facilio (US)
  • ToolsGroup (US)

MARKET SCOPE

REPORT METRIC DETAILS
Market Size in 2024 (Value) USD 907.0 Million
Market Forecast in 2030 (Value) USD 1,820.2 Million
Growth Rate CAGR of 12.3% from 2025-2030
Years Considered 2020-2030
Base Year 2024
Forecast Period 2025-2030
Units Considered Value (USD Million)
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered
  • By Solution:
    • Planning & Forecasting
    • Procurement & Order Management
    • Inventory Management
    • Spare Parts Tracking & Automation
    • Reporting & Analytics
    • Other Solutions
  • By Professional Service:
    • Support & Maintenance
    • Integration & Implementation
    • Training & Consulting
  • By Type:
    • Standalone SPM Software
    • Integrated SPM Software
  • By Deployment Mode:
    • On-premises
    • Cloud
  • By Organization Size:
    • Large Enterprises
    • SMEs
  • By Vertical:
    • Manufacturing
    • Transportation & Logistics
    • Construction & Real Estate
    • Healthcare & Life Sciences
    • Energy & Utilities
    • IT & Telecom
    • Oil & Gas
    • Other Verticals (BFSI
    • Retail & Consumer Goods)
Regions Covered North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Leading Region Asia Pacific is expected to emerge as the fastest-growing region
Leading Segment Support & maintenance segment is expected to register the highest CAGR of 17.6%
Growth Drivers Escalating unplanned downtime asset-hour costs
Restraint Inaccurate and inconsistent spare parts data

WHAT IS IN IT FOR YOU: spare-part-management-market REPORT CONTENT GUIDE

spare-part-management-market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
Manufacturing Giant (North America) Regional Deployment Analysis: Evaluation of spare parts inventory models, stocking policies, and service coverage requirements for distributed plants, fleets, and field operations Enhances regional service responsiveness, reduces stock-out risk, and improves availability for mission-critical assets
Logistics Service Provider (Asia Pacific) Competitive Portfolio Mapping: Detailed analysis of SPM vendors across planning, forecasting, inventory control, and replenishment modules, tailored to sector-specific maintenance needs Supports platform selection, improves capability alignment, and strengthens long-term ROI for service operations
Major Software Corporation (US) Extra Vendor Profiling: Identification of regional and niche providers specializing in predictive maintenance analytics, IoT-driven parts visibility, and long-tail optimization solutions Expands access to advanced capabilities, accelerates digital adoption, and improves lifecycle efficiency across diverse spare parts categories

RECENT DEVELOPMENTS

  • September 2025 : AVAIO Digital Partners collaborated with Schneider Electric to deploy high-performance UPS systems as part of four AI-ready data center campuses across the US. The partnership focuses on Schneider’s modular three-phase UPS architecture designed to support high-density AI and cloud workloads with low latency and energy efficiency. These UPS systems integrate predictive maintenance, condition-based monitoring, and EcoDesign principles to ensure long-term reliability, reduced carbon footprint, and optimized power continuity for AI-intensive environments.
  • July 2025 : Syncron partnered with Trillium Digital Services to strengthen its aftermarket and spare parts management capabilities. The collaboration focuses on integrating AI-driven advisory, implementation, and supply chain optimization services to help OEMs enhance spare parts planning, improve asset utilization, and achieve greater operational efficiency and uptime across complex global service networks.
  • June 2025 : Japan Airlines adopted IFS Service Parts Management as part of a broader IFS Cloud deployment to streamline maintenance logistics and parts control. The collaboration enhances component traceability, automates replenishment cycles, and centralizes spare parts planning for aircraft maintenance, ensuring greater operational reliability and optimized inventory utilization across its maintenance network.
  • June 2025 : Sol Distribution announced the addition of Legrand’s uninterruptible power supply (UPS) solutions to its power infrastructure portfolio. The partnership enables Sol’s channel partners, including MSPs and VARs, to access Legrand’s scalable UPS technology to enhance power resilience and uptime for hybrid work, edge computing, and critical IT environments.
  • June 2025 : PwC collaborated with Oracle to enhance spare parts management within field-service operations by integrating automated parts tracking, warranty-linked replenishment, and predictive repair workflows. The collaboration focused on optimizing spare parts availability, minimizing excess and obsolete inventory, and ensuring accurate allocation of parts for repair and warranty processes through Oracle’s connected service and inventory platforms.
  • April 2025 : Fiix, through its parent company Rockwell Automation, partnered with AWS to make its computerized maintenance management system available on AWS Marketplace as part of Rockwell’s FactoryTalk Hub expansion. The collaboration enables Fiix users to leverage AWS’s cloud infrastructure for improved spare-parts visibility, automated inventory management, and real-time maintenance insights through enhanced data integration and scalability.

 

Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
1
INTRODUCTION
 
 
 
27
2
RESEARCH METHODOLOGY
 
 
 
32
3
EXECUTIVE SUMMARY
 
 
 
43
4
PREMIUM INSIGHTS
 
 
 
48
5
MARKET OVERVIEW
AI-driven demand forecasting and IoT telemetry redefine spare parts market efficiency and profitability.
 
 
 
51
 
5.1
INTRODUCTION
 
 
 
 
5.2
MARKET DYNAMICS
 
 
 
 
 
5.2.1
DRIVERS
 
 
 
 
 
5.2.1.1
ESCALATING UNPLANNED DOWNTIME ASSET-HOUR COSTS
 
 
 
 
5.2.1.2
IMPROVEMENT IN FILL-RATE PRECISION WITH AI DEMAND FORECASTING
 
 
 
 
5.2.1.3
GROWING DEPENDENCE ON AFTERMARKET AS PROFIT CENTER
 
 
 
5.2.2
RESTRAINTS
 
 
 
 
 
5.2.2.1
PROPRIETARY LOCK-INS AND RESTRICTED DATA ACCESS
 
 
 
 
5.2.2.2
INACCURATE AND INCONSISTENT SPARE PARTS DATA
 
 
 
 
5.2.2.3
WEAK PARTS TAXONOMY AND INCONSISTENT CLASSIFICATION STANDARDS
 
 
 
5.2.3
OPPORTUNITIES
 
 
 
 
 
5.2.3.1
REAL-TIME IOT TELEMETRY FOR INVENTORY VISIBILITY
 
 
 
 
5.2.3.2
SHIFT TOWARD SERVITIZATION AND UPTIME-BASED CONTRACTS
 
 
 
 
5.2.3.3
EXPANDING MAINTENANCE INTENSITY ACROSS ASSET-HEAVY INDUSTRIES
 
 
 
5.2.4
CHALLENGES
 
 
 
 
 
5.2.4.1
MANAGING LONG-TAIL, LOW-TURN SPARE PARTS COMPLEXITY
 
 
 
 
5.2.4.2
SUPPLIER LEAD-TIME VOLATILITY IMPACTING FILL RATES
 
 
5.3
UNMET NEEDS AND WHITE SPACES
 
 
 
 
 
5.3.1
UNMET NEEDS IN SPARE PARTS MANAGEMENT MARKET
 
 
 
 
5.3.2
WHITE SPACE OPPORTUNITIES
 
 
 
5.4
INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
 
 
 
 
 
5.4.1
INTERCONNECTED MARKETS
 
 
 
 
5.4.2
CROSS-SECTOR OPPORTUNITIES
 
 
 
5.5
EMERGING BUSINESS MODELS AND ECOSYSTEM SHIFTS
 
 
 
 
 
 
5.5.1
EMERGING BUSINESS MODELS
 
 
 
 
 
5.5.1.1
SPARE PARTS MANAGEMENT BUSINESS MODELS
 
 
 
5.5.2
ECOSYSTEM SHIFTS
 
 
 
5.6
STRATEGIC MOVES BY TIER-1/2/3 PLAYERS
 
 
 
 
 
5.6.1
KEY MOVES AND STRATEGIC FOCUS
 
 
6
INDUSTRY TRENDS
Leverage industry trends to optimize spare parts management, boosting efficiency and cutting costs.
 
 
 
62
 
6.1
PORTER’S FIVE FORCES ANALYSIS
 
 
 
 
 
6.1.1
THREAT OF NEW ENTRANTS
 
 
 
 
6.1.2
THREAT OF SUBSTITUTES
 
 
 
 
6.1.3
BARGAINING POWER OF SUPPLIERS
 
 
 
 
6.1.4
BARGAINING POWER OF BUYERS
 
 
 
 
6.1.5
INTENSITY OF COMPETITIVE RIVALRY
 
 
 
6.2
MACROECONOMIC INDICATORS
 
 
 
 
 
6.2.1
INTRODUCTION
 
 
 
 
6.2.2
GDP TRENDS & FORECASTS
 
 
 
 
6.2.3
TRENDS IN GLOBAL ICT INDUSTRY
 
 
 
6.3
SUPPLY CHAIN ANALYSIS
 
 
 
 
 
 
6.3.1
TECHNOLOGY ENABLERS & PLATFORM PROVIDERS
 
 
 
 
6.3.2
SOLUTION INTEGRATORS & SERVICE PARTNERS
 
 
 
 
6.3.3
CHANNEL PARTNERS & MANAGED SERVICE PROVIDERS
 
 
 
 
6.3.4
VERTICALS
 
 
 
6.4
ECOSYSTEM ANALYSIS
 
 
 
 
 
6.5
PRICING ANALYSIS
 
 
 
 
 
 
6.5.1
AVERAGE SELLING PRICE OF SPARE PARTS MANAGEMENT, BY REGION, 2024–2025
 
 
 
 
 
6.5.1.1
AVERAGE SELLING PRICE OF SPARE PARTS MANAGEMENT, BY OFFERING, 2024–2025
 
 
6.6
KEY CONFERENCES AND EVENTS, 2025–2026
 
 
 
 
6.7
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
 
 
 
 
6.8
INVESTMENT AND FUNDING SCENARIO
 
 
 
 
6.9
CASE STUDY ANALYSIS
 
 
 
 
 
6.9.1
EMBRAER SUCCESSFULLY OPTIMIZES SPARE PARTS PLANNING WITH SERVIGISTICS AND SAVES MORE THAN USD 50 MILLION
 
 
 
 
6.9.2
SYNCRON ENABLES AL MASAOOD AUTOMOBILES TO ENHANCE INVENTORY EFFICIENCY AND SERVICE PERFORMANCE
 
 
 
 
6.9.3
EMAINT STREAMLINES SPARE PARTS MANAGEMENT FOR CERAPEDICS THROUGH CMMS INTEGRATION
 
 
 
 
6.9.4
TOOLSGROUP ENABLES LENNOX TO OPTIMIZE SERVICE PARTS PLANNING AND REDUCE STOCKOUTS
 
 
 
 
6.9.5
TRIANGLE TUBE ENHANCES AFTER-SALES EXPERIENCE THROUGH 3D DIGITAL TRANSFORMATION WITH PARTFUL
 
 
 
6.10
IMPACT OF 2025 US TARIFF – SPARE PARTS MANAGEMENT MARKET
 
 
 
 
 
 
6.10.1
INTRODUCTION
 
 
 
 
6.10.2
KEY TARIFF RATES
 
 
 
 
6.10.3
PRICE IMPACT ANALYSIS
 
 
 
 
6.10.4
IMPACT ON COUNTRY/REGION
 
 
 
 
 
6.10.4.1
US
 
 
 
 
6.10.4.2
EUROPE
 
 
 
 
6.10.4.3
ASIA PACIFIC
 
 
 
6.10.5
IMPACT ON VERTICALS
 
 
 
 
 
6.10.5.1
MANUFACTURING
 
 
 
 
6.10.5.2
TRANSPORTATION & LOGISTICS
 
 
 
 
6.10.5.3
CONSTRUCTION & REAL ESTATE
 
 
 
 
6.10.5.4
HEALTHCARE & LIFE SCIENCES
 
 
 
 
6.10.5.5
ENERGY & UTILITIES
 
 
 
 
6.10.5.6
IT & TELECOM
 
 
 
 
6.10.5.7
OIL & GAS
 
7
TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS
AI revolutionizes spare parts management with predictive analytics, digital twins, and blockchain innovation.
 
 
 
84
 
7.1
TECHNOLOGY ANALYSIS
 
 
 
 
 
7.1.1
KEY EMERGING TECHNOLOGIES
 
 
 
 
 
7.1.1.1
PREDICTIVE ANALYTICS AND AI-DRIVEN DEMAND FORECASTING
 
 
 
 
7.1.1.2
DIGITAL TWIN AND ASSET LIFECYCLE INTELLIGENCE
 
 
 
 
7.1.1.3
CLOUD-NATIVE SPARE PARTS MANAGEMENT PLATFORMS
 
 
 
7.1.2
COMPLEMENTARY TECHNOLOGIES
 
 
 
 
 
7.1.2.1
IOT-ENABLED ASSET TRACKING AND CONDITION MONITORING
 
 
 
 
7.1.2.2
COMPUTER VISION AND 3D RECOGNITION FOR PARTS IDENTIFICATION
 
 
 
 
7.1.2.3
BLOCKCHAIN-BASED PARTS TRACEABILITY AND WARRANTY MANAGEMENT
 
 
 
7.1.3
ADJACENT TECHNOLOGIES
 
 
 
 
 
7.1.3.1
AUGMENTED REALITY (AR) FOR SERVICE AND TRAINING APPLICATIONS
 
 
 
 
7.1.3.2
LOW-CODE / NO-CODE WORKFLOW AUTOMATION PLATFORMS
 
 
 
 
7.1.3.3
KNOWLEDGE GRAPHS AND SEMANTIC SEARCH
 
 
7.2
TECHNOLOGY/PRODUCT ROADMAP
 
 
 
 
 
7.2.1
SHORT-TERM (2025–2027) | CLOUD CONSOLIDATION & DATA UNIFICATION
 
 
 
 
7.2.2
MID-TERM (2027–2030) | PREDICTIVE INTELLIGENCE & SERVICE AUTOMATION
 
 
 
 
7.2.3
LONG-TERM (2030–2035+) | AUTONOMOUS, CONNECTED & CIRCULAR SERVICE PLATFORMS
 
 
 
7.3
PATENT ANALYSIS
 
 
 
 
 
7.4
FUTURE APPLICATIONS
 
 
 
 
 
7.4.1
AI-DRIVEN PREDICTIVE PARTS ORCHESTRATION (DIGITAL-TWIN INTEGRATED)
 
 
 
 
7.4.2
AUTONOMOUS SMART CONTRACTS FOR PARTS (BLOCKCHAIN / PART-PASSPORT)
 
 
 
 
7.4.3
ON-DEMAND DIGITAL INVENTORY WITH ADDITIVE MANUFACTURING INTEGRATION
 
 
 
 
7.4.4
COGNITIVE FIELD SERVICE AND AR-GUIDED PARTS FULFILMENT
 
 
 
 
7.4.5
CIRCULAR AND SUSTAINABILITY-LINKED PARTS LIFECYCLE MANAGEMENT
 
 
 
7.5
IMPACT OF AI/GENERATIVE AI ON SPARE PARTS MANAGEMENT MARKET
 
 
 
 
 
 
7.5.1
TOP USE CASES AND MARKET POTENTIAL
 
 
 
 
7.5.2
BEST PRACTICES IN SPARE PARTS MANAGEMENT
 
 
 
 
7.5.3
CASE STUDY OF AI IMPLEMENTATION IN SPARE PARTS MANAGEMENT MARKET
 
 
 
 
 
7.5.3.1
DMG MORI AND SYNCRON DRIVE AI-ENABLED EFFICIENCY AND FORECAST ACCURACY IN GLOBAL SPARE PARTS MANAGEMENT
 
 
 
7.5.4
INTERCONNECTED ADJACENCY ECOSYSTEM AND IMPACT ON MARKET PLAYERS
 
 
 
 
7.5.5
CLIENT READINESS TO ADOPT GENERATIVE AI IN SPARE PARTS MANAGEMENT MARKET
 
 
 
 
7.5.6
PARTSCLOUD: PARTSOS PLANNING
 
 
 
 
7.5.7
FIIX: PARTS & INVENTORY MANAGEMENT SOFTWARE
 
 
8
REGULATORY LANDSCAPE
Navigate complex global regulations with insights into key regional regulatory bodies and standards.
 
 
 
99
 
8.1
REGULATORY LANDSCAPE
 
 
 
 
 
8.1.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
8.1.2
INDUSTRY STANDARDS, BY REGION
 
 
 
 
 
8.1.2.1
NORTH AMERICA
 
 
 
 
8.1.2.2
EUROPE
 
 
 
 
8.1.2.3
ASIA PACIFIC
 
 
 
 
8.1.2.4
MIDDLE EAST & SOUTH AFRICA
 
 
 
 
8.1.2.5
LATIN AMERICA
 
9
CUSTOMER LANDSCAPE AND BUYER BEHAVIOR
Unlock revenue by addressing unmet needs and leveraging stakeholder influence in key verticals.
 
 
 
106
 
9.1
DECISION-MAKING PROCESS
 
 
 
 
9.2
BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA
 
 
 
 
 
9.2.1
KEY STAKEHOLDERS IN BUYING PROCESS
 
 
 
 
9.2.2
BUYING CRITERIA
 
 
 
9.3
ADOPTION BARRIERS AND INTERNAL CHALLENGES
 
 
 
 
9.4
UNMET NEEDS IN VARIOUS END-USER INDUSTRIES
 
 
 
 
9.5
MARKET PROFITABILITY
 
 
 
 
 
9.5.1
REVENUE POTENTIAL
 
 
 
 
9.5.2
COST DYNAMICS
 
 
 
 
9.5.3
MARGIN OPPORTUNITIES IN KEY APPLICATIONS
 
 
10
SPARE PARTS MANAGEMENT MARKET, BY OFFERING
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 28 Data Tables
 
 
 
113
 
10.1
INTRODUCTION
 
 
 
 
 
10.1.1
OFFERING: SPARE PARTS MANAGEMENT MARKET DRIVERS
 
 
 
10.2
SOLUTIONS
 
 
 
 
 
10.2.1
PLANNING & FORECASTING
 
 
 
 
 
10.2.1.1
DRIVING PREDICTIVE SPARE PARTS READINESS THROUGH AI-LED PLANNING AND INTELLIGENT DEMAND FORECASTING
 
 
 
10.2.2
PROCUREMENT & ORDER MANAGEMENT
 
 
 
 
 
10.2.2.1
DIGITIZING SPARE-PARTS PROCUREMENT TO ENHANCE SUPPLIER VISIBILITY, ACCELERATE ORDERS, AND REDUCE OPERATIONAL LATENCY
 
 
 
10.2.3
INVENTORY MANAGEMENT
 
 
 
 
 
10.2.3.1
TRANSFORMING SPARE PARTS INVENTORY INTO PREDICTIVE, SELF-OPTIMIZING NETWORK THAT DRIVES UPTIME AND AGILITY
 
 
 
10.2.4
SPARE PARTS TRACKING & AUTOMATION
 
 
 
 
 
10.2.4.1
ENABLING AUTONOMOUS SPARE PART TRACKING AND AUTOMATION TO DRIVE PRECISION, SPEED, AND SERVICE CONTINUITY
 
 
 
10.2.5
REPORTING & ANALYTICS
 
 
 
 
 
10.2.5.1
LEVERAGING ANALYTICS-DRIVEN DASHBOARDS AND REPORTS TO TRANSFORM SPARE PARTS DATA INTO ACTIONABLE INTELLIGENCE
 
 
 
10.2.6
OTHERS
 
 
 
10.3
PROFESSIONAL SERVICES
 
 
 
 
 
10.3.1
TRAINING & CONSULTATION
 
 
 
 
 
10.3.1.1
ENHANCING WORKFORCE CAPABILITY THROUGH ANALYTICS-DRIVEN TRAINING AND CONSULTATIVE PROGRAMS
 
 
 
10.3.2
INTEGRATION & IMPLEMENTATION
 
 
 
 
 
10.3.2.1
ENABLING SEAMLESS DIGITAL DEPLOYMENT AND PROCESS ALIGNMENT THROUGH PRECISE, DOMAIN-LED INTEGRATION AND IMPLEMENTATION EXPERTISE
 
 
 
10.3.3
SUPPORT & MAINTENANCE
 
 
 
 
 
10.3.3.1
DELIVERING INTELLIGENT, PROACTIVE SUPPORT AND MAINTENANCE SERVICES TO ENSURE UPTIME, ADAPTABILITY, AND LONG-TERM SYSTEM RESILIENCE
 
11
SPARE PARTS MANAGEMENT MARKET, BY TYPE
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 6 Data Tables
 
 
 
130
 
11.1
INTRODUCTION
 
 
 
 
 
11.1.1
TYPE: SPARE PARTS MANAGEMENT MARKET DRIVERS
 
 
 
11.2
STANDALONE SPM SOFTWARE
 
 
 
 
 
11.2.1
ACHIEVING PREDICTIVE ACCURACY, OPERATIONAL INDEPENDENCE, AND MEASURABLE EFFICIENCY GAINS IN SPARE PARTS MANAGEMENT
 
 
 
11.3
INTEGRATED SPM SOFTWARE
 
 
 
 
 
11.3.1
UNIFYING SPARE PARTS, MAINTENANCE, AND SUPPLY CHAIN SYSTEMS TO ACHIEVE CONTINUOUS VISIBILITY, PREDICTIVE CONTROL, AND OPERATIONAL RESILIENCE
 
 
12
SPARE PARTS MANAGEMENT MARKET, BY DEPLOYMENT MODE
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 6 Data Tables
 
 
 
136
 
12.1
INTRODUCTION
 
 
 
 
 
12.1.1
DEPLOYMENT MODE: SPARE PARTS MANAGEMENT MARKET DRIVERS
 
 
 
12.2
ON-PREMISES
 
 
 
 
 
12.2.1
PROVIDING DATA SOVEREIGNTY, LOW LATENCY, AND CERTIFIED LOCAL SUPPORT
 
 
 
12.3
CLOUD
 
 
 
 
 
12.3.1
UNIFYING GLOBAL SPARE PARTS OPERATIONS, ENHANCING PREDICTIVE INTELLIGENCE, AND ACHIEVING AGILE, DATA-DRIVEN SERVICE EXCELLENCE
 
 
13
SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 6 Data Tables
 
 
 
141
 
13.1
INTRODUCTION
 
 
 
 
 
13.1.1
ORGANIZATION SIZE: SPARE PARTS MANAGEMENT MARKET DRIVERS
 
 
 
13.2
LARGE ENTERPRISES
 
 
 
 
 
13.2.1
UNIFYING PARTS INTELLIGENCE, AUTOMATION, AND CROSS-SITE COLLABORATION TO ENHANCE UPTIME AND EFFICIENCY
 
 
 
13.3
SMES
 
 
 
 
 
13.3.1
COMBINING AUTOMATION, TRACEABILITY, AND MOBILE USABILITY TO DRIVE OPERATIONAL DISCIPLINE AND UPTIME
 
 
14
SPARE PARTS MANAGEMENT MARKET, BY VERTICAL
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 18 Data Tables
 
 
 
146
 
14.1
INTRODUCTION
 
 
 
 
 
14.1.1
VERTICAL: SPARE PARTS MANAGEMENT MARKET DRIVERS
 
 
 
14.2
MANUFACTURING
 
 
 
 
 
14.2.1
DELIVERING MANUFACTURING-CENTRIC SPM SOLUTIONS TO MAXIMIZE UPTIME AND OPERATIONAL EFFICIENCY
 
 
 
14.3
TRANSPORTATION & LOGISTICS
 
 
 
 
 
14.3.1
DEPLOYING TRANSPORT-GRADE SPM TO MAXIMIZE FLEET UPTIME AND REDUCE REPAIR CYCLE TIME
 
 
 
14.4
CONSTRUCTION & REAL ESTATE
 
 
 
 
 
14.4.1
PROVIDING CONNECTED SPM SOLUTIONS FOR PROPERTY PORTFOLIOS TO PROTECT UPTIME AND PROJECT DELIVERY
 
 
 
14.5
HEALTHCARE & LIFE SCIENCES
 
 
 
 
 
14.5.1
DEVELOPING COMPLIANT, PREDICTIVE SPM PLATFORMS TO ENSURE CONTINUOUS EQUIPMENT READINESS AND UNCOMPROMISED PATIENT SAFETY
 
 
 
14.6
ENERGY & UTILITIES
 
 
 
 
 
14.6.1
DELIVERING ENERGY-SPECIFIC SPM SOLUTIONS TO ENHANCE GRID RELIABILITY AND OPERATIONAL RESILIENCE
 
 
 
14.7
IT & TELECOM
 
 
 
 
 
14.7.1
IMPLEMENTING CLOUD-ENABLED, FIELD-FIRST SPM TO MINIMIZE TRUCK ROLLS AND ACCELERATE REPAIRS
 
 
 
14.8
OIL & GAS
 
 
 
 
 
14.8.1
CREATING OIL AND GAS-OPTIMIZED SPM SOLUTIONS TO ENSURE RELIABILITY AND UNINTERRUPTED PRODUCTION
 
 
 
14.9
OTHER VERTICALS
 
 
 
15
SPARE PARTS MANAGEMENT MARKET, BY REGION
Comprehensive coverage of 8 Regions with country-level deep-dive of 14 Countries | 124 Data Tables.
 
 
 
161
 
15.1
INTRODUCTION
 
 
 
 
15.2
NORTH AMERICA
 
 
 
 
 
15.2.1
US
 
 
 
 
 
15.2.1.1
RISING DOWNTIME COSTS AND AFTERMARKET SCALE TO DRIVE ADOPTION OF DATA-DRIVEN SPARE PARTS MANAGEMENT
 
 
 
15.2.2
CANADA
 
 
 
 
 
15.2.2.1
HIGH INVENTORIES, WORKFORCE GAPS, AND DIGITAL ADOPTION TO ACCELERATE SHIFT TOWARD SMARTER SPARE PARTS MANAGEMENT
 
 
15.3
EUROPE
 
 
 
 
 
15.3.1
UK
 
 
 
 
 
15.3.1.1
RISING SUPPLY DELAYS, AGEING VEHICLE FLEET, AND AI ADOPTION TO DRIVE NEXT PHASE OF SPARE PARTS MANAGEMENT GROWTH
 
 
 
15.3.2
GERMANY
 
 
 
 
 
15.3.2.1
RISING SERVICE WORKLOADS, AGEING VEHICLE FLEET, AND PERSISTENT SUPPLY DELAYS TO DRIVE MARKET
 
 
 
15.3.3
FRANCE
 
 
 
 
 
15.3.3.1
PERSISTENT SUPPLY STRAIN, RISING COSTS, AND EXPANDING DIGITAL READINESS TO ACCELERATE SMART SPARE PARTS MANAGEMENT ADOPTION
 
 
 
15.3.4
ITALY
 
 
 
 
 
15.3.4.1
DIGITAL MATURITY, AUTOMATION, AND AGING ASSETS TO RESHAPE SPARE PARTS MANAGEMENT LANDSCAPE
 
 
 
15.3.5
REST OF EUROPE
 
 
 
15.4
ASIA PACIFIC
 
 
 
 
 
15.4.1
CHINA
 
 
 
 
 
15.4.1.1
INDUSTRIAL DIGITALIZATION, EXPANDING ASSET BASE, AND RENEWAL POLICIES TO BOOST MARKET
 
 
 
15.4.2
INDIA
 
 
 
 
 
15.4.2.1
NATIONWIDE CONNECTIVITY, EXPANDING VEHICLE BASE, AND POLICY MODERNIZATION TO FUEL MARKET
 
 
 
15.4.3
JAPAN
 
 
 
 
 
15.4.3.1
INVENTORY BUILD-UP, SUPPLY DELAYS, AND AGEING ASSETS TO DRIVE DEMAND FOR DATA-DRIVEN SPARE PARTS MANAGEMENT
 
 
 
15.4.4
REST OF ASIA PACIFIC
 
 
 
15.5
MIDDLE EAST & AFRICA
 
 
 
 
 
15.5.1
GCC COUNTRIES
 
 
 
 
 
15.5.1.1
SAUDI ARABIA
 
 
 
 
15.5.1.2
UAE
 
 
 
 
15.5.1.3
OTHER GCC COUNTRIES
 
 
 
15.5.2
SOUTH AFRICA
 
 
 
 
 
15.5.2.1
GROWING FOCUS ON RELIABILITY, DIGITAL MAINTENANCE TOOLS, AND FLEET MODERNIZATION TO STRENGTHEN DEMAND FOR SPARE PARTS MANAGEMENT
 
 
 
15.5.3
REST OF MIDDLE EAST & AFRICA
 
 
 
15.6
LATIN AMERICA
 
 
 
 
 
15.6.1
BRAZIL
 
 
 
 
 
15.6.1.1
DIGITAL CONNECTIVITY, INDUSTRIAL MODERNIZATION, AND AGING ASSETS TO DRIVE PREDICTIVE SPARE PARTS MANAGEMENT ADOPTION
 
 
 
15.6.2
MEXICO
 
 
 
 
 
15.6.2.1
DIGITALIZATION, SUPPLY CHAIN REALIGNMENT, AND FLEET AGING TO PROPEL DEMAND FOR PREDICTIVE SPARE PARTS MANAGEMENT
 
 
 
15.6.3
REST OF LATIN AMERICA
 
 
16
COMPETITIVE LANDSCAPE
Uncover strategic insights and market dominance tactics of industry leaders and emerging challengers.
 
 
 
212
 
16.1
OVERVIEW
 
 
 
 
16.2
KEY PLAYER STRATEGIES/RIGHT TO WIN
 
 
 
 
 
16.2.1
COMPETITIVE STRATEGIES
 
 
 
16.3
REVENUE ANALYSIS
 
 
 
 
 
16.4
MARKET SHARE ANALYSIS
 
 
 
 
 
16.5
PRODUCT COMPARISON
 
 
 
 
 
16.6
COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
 
 
 
 
 
 
16.6.1
STARS
 
 
 
 
16.6.2
EMERGING LEADERS
 
 
 
 
16.6.3
PERVASIVE PLAYERS
 
 
 
 
16.6.4
PARTICIPANTS
 
 
 
 
16.6.5
COMPANY FOOTPRINT: KEY PLAYERS, 2024
 
 
 
 
 
16.6.5.1
COMPANY FOOTPRINT
 
 
 
 
16.6.5.2
REGION FOOTPRINT
 
 
 
 
16.6.5.3
OFFERING FOOTPRINT
 
 
 
 
16.6.5.4
TYPE FOOTPRINT
 
 
 
 
16.6.5.5
DEPLOYMENT MODE FOOTPRINT
 
 
 
 
16.6.5.6
ORGANIZATION SIZE FOOTPRINT
 
 
16.7
COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
 
 
 
 
 
 
16.7.1
PROGRESSIVE COMPANIES
 
 
 
 
16.7.2
RESPONSIVE COMPANIES
 
 
 
 
16.7.3
DYNAMIC COMPANIES
 
 
 
 
16.7.4
STARTING BLOCKS
 
 
 
 
16.7.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
 
 
 
 
 
16.7.5.1
DETAILED LIST OF KEY STARTUPS/SMES
 
 
 
 
16.7.5.2
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
 
 
16.8
COMPANY VALUATION AND FINANCIAL METRICS
 
 
 
 
16.9
COMPETITIVE SCENARIO
 
 
 
 
 
16.9.1
PRODUCT LAUNCHES AND ENHANCEMENTS
 
 
 
 
16.9.2
DEALS
 
 
 
 
16.9.3
EXPANSIONS
 
 
17
COMPANY PROFILES
In-depth Company Profiles of Leading Market Players with detailed Business Overview, Product and Service Portfolio, Recent Developments, and Unique Analyst Perspective (MnM View)
 
 
 
242
 
17.1
INTRODUCTION
 
 
 
 
17.2
MAJOR PLAYERS
 
 
 
 
 
17.2.1
SYNCRON
 
 
 
 
 
17.2.1.1
BUSINESS OVERVIEW
 
 
 
 
17.2.1.2
PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
17.2.1.3
RECENT DEVELOPMENTS
 
 
 
 
17.2.1.4
MNM VIEW
 
 
 
17.2.2
IFS
 
 
 
 
17.2.3
BAXTER PLANNING
 
 
 
 
17.2.4
PTC
 
 
 
 
17.2.5
FIIX
 
 
 
 
17.2.6
SAP
 
 
 
 
17.2.7
IBM
 
 
 
 
17.2.8
ORACLE
 
 
 
 
17.2.9
TAVANT
 
 
 
 
17.2.10
DASSAULT SYSTEMES
 
 
 
17.3
OTHER PLAYERS
 
 
 
 
 
17.3.1
CRYOTOS
 
 
 
 
17.3.2
EMAINT
 
 
 
 
17.3.3
ERPAG
 
 
 
 
17.3.4
MEGAVENTORY
 
 
 
 
17.3.5
UPKEEP
 
 
 
 
17.3.6
INFRAON
 
 
 
 
17.3.7
VALUEAPEX
 
 
 
 
17.3.8
MPULSE SOFTWARE
 
 
 
 
17.3.9
ANTMYERP
 
 
 
 
17.3.10
LIMBLE CMMS
 
 
 
 
17.3.11
FLEETABLE
 
 
 
 
17.3.12
VERUSEN
 
 
 
 
17.3.13
MASTEK
 
 
 
 
17.3.14
RASEED
 
 
 
 
17.3.15
PARTSCLOUD
 
 
 
 
17.3.16
SPARETECH
 
 
 
 
17.3.17
PARTFUL
 
 
 
 
17.3.18
FACILIO
 
 
 
 
17.3.19
TOOLSGROUP
 
 
18
APPENDIX
 
 
 
299
 
18.1
DISCUSSION GUIDE
 
 
 
 
18.2
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
 
 
 
 
18.3
CUSTOMIZATION OPTIONS
 
 
 
 
18.4
RELATED REPORTS
 
 
 
 
18.5
AUTHOR DETAILS
 
 
 
LIST OF TABLES
 
 
 
 
 
TABLE 1
USD EXCHANGE RATES, 2019–2024
 
 
 
 
TABLE 2
FACTOR ANALYSIS
 
 
 
 
TABLE 3
IMPACT OF PORTER’S FIVE FORCES ON SPARE PARTS MANAGEMENT MARKET
 
 
 
 
TABLE 4
GDP PERCENTAGE CHANGE, BY KEY COUNTRIES, 2021–2029
 
 
 
 
TABLE 5
SPARE PARTS MANAGEMENT MARKET: ROLE OF COMPANIES IN ECOSYSTEM
 
 
 
 
TABLE 6
AVERAGE SELLING PRICE OF SPARE PARTS MANAGEMENT, BY REGION, 2024–2025
 
 
 
 
TABLE 7
SPARE PARTS MANAGEMENT MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2025–2026
 
 
 
 
TABLE 8
US ADJUSTED RECIPROCAL TARIFF RATES
 
 
 
 
TABLE 9
LIST OF GRANTED PATENTS IN SPARE PARTS MANAGEMENT MARKET, 2022-2021
 
 
 
 
TABLE 10
TOP USE CASES AND MARKET POTENTIAL
 
 
 
 
TABLE 11
BEST PRACTICES: COMPANIES IMPLEMENTING USE CASES
 
 
 
 
TABLE 12
INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS
 
 
 
 
TABLE 13
NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
TABLE 14
EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
TABLE 15
ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
TABLE 16
MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
TABLE 17
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS (%)
 
 
 
 
TABLE 18
KEY BUYING CRITERIA FOR TOP THREE VERTICALS
 
 
 
 
TABLE 19
SPARE PARTS MANAGEMENT MARKET: UNMET NEEDS IN KEY END-USER INDUSTRIES
 
 
 
 
TABLE 20
SPARE PARTS MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 21
SPARE PARTS MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 22
SPARE PARTS MANAGEMENT MARKET, BY SOLUTION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 23
SPARE PARTS MANAGEMENT MARKET, BY SOLUTION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 24
SOLUTIONS: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 25
SOLUTIONS: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 26
PLANNING & FORECASTING: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 27
PLANNING & FORECASTING: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 28
PROCUREMENT & ORDER MANAGEMENT: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 29
PROCUREMENT & ORDER MANAGEMENT: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 30
INVENTORY MANAGEMENT: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 31
INVENTORY MANAGEMENT: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 32
SPARE PARTS TRACKING & AUTOMATION: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 33
SPARE PARTS TRACKING & AUTOMATION: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 34
REPORTING & ANALYTICS: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 35
REPORTING & ANALYTICS: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 36
OTHERS: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 37
OTHERS: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 38
SPARE PARTS MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 39
SPARE PARTS MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 40
PROFESSIONAL SERVICES: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 41
PROFESSIONAL SERVICES: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 42
TRAINING & CONSULTATION: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 43
TRAINING & CONSULTATION: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 44
INTEGRATION & IMPLEMENTATION: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 45
INTEGRATION & IMPLEMENTATION: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 46
SUPPORT & MAINTENANCE: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 47
SUPPORT & MAINTENANCE: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 48
SPARE PARTS MANAGEMENT MARKET, BY TYPE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 49
SPARE PARTS MANAGEMENT MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 50
STANDALONE SPM SOFTWARE: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 51
STANDALONE SPM SOFTWARE: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 52
INTEGRATED SPM SOFTWARE: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 53
INTEGRATED SPM SOFTWARE: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 54
SPARE PARTS MANAGEMENT MARKET, BY DEPLOYMENT MODE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 55
SPARE PARTS MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 56
ON-PREMISES: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 57
ON-PREMISES: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 58
CLOUD: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 59
CLOUD: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 60
SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 61
SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 62
LARGE ENTERPRISES: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 63
LARGE ENTERPRISES: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 64
SMES: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 65
SMES: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 66
SPARE PARTS MANAGEMENT MARKET, BY VERTICAL, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 67
SPARE PARTS MANAGEMENT MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 68
MANUFACTURING: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 69
MANUFACTURING: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 70
TRANSPORTATION & LOGISTICS: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 71
TRANSPORTATION & LOGISTICS: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 72
CONSTRUCTION & REAL ESTATE: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 73
CONSTRUCTION & REAL ESTATE: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 74
HEALTHCARE & LIFE SCIENCES: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 75
HEALTHCARE & LIFE SCIENCES: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 76
ENERGY & UTILITIES: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 77
ENERGY & UTILITIES: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 78
IT & TELECOM: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 79
IT & TELECOM: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 80
OIL & GAS: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 81
OIL & GAS: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 82
OTHER VERTICALS: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 83
OTHER VERTICALS: SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 84
SPARE PARTS MANAGEMENT MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 85
SPARE PARTS MANAGEMENT MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 86
NORTH AMERICA: SPARE PARTS MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 87
NORTH AMERICA: SPARE PARTS MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 88
NORTH AMERICA: SPARE PARTS MANAGEMENT MARKET, BY SOLUTION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 89
NORTH AMERICA: SPARE PARTS MANAGEMENT MARKET, BY SOLUTION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 90
NORTH AMERICA: SPARE PARTS MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 91
NORTH AMERICA: SPARE PARTS MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 92
NORTH AMERICA: SPARE PARTS MANAGEMENT MARKET, BY TYPE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 93
NORTH AMERICA: SPARE PARTS MANAGEMENT MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 94
NORTH AMERICA: SPARE PARTS MANAGEMENT MARKET, BY DEPLOYMENT MODE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 95
NORTH AMERICA: SPARE PARTS MANAGEMENT MARKET, BY DEPLOYMENT MODE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 96
NORTH AMERICA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 97
NORTH AMERICA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 98
NORTH AMERICA: SPARE PARTS MANAGEMENT MARKET, BY VERTICAL, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 99
NORTH AMERICA: SPARE PARTS MANAGEMENT MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 100
NORTH AMERICA: SPARE PARTS MANAGEMENT MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 101
NORTH AMERICA: SPARE PARTS MANAGEMENT MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 102
US: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 103
US: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 104
CANADA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 105
CANADA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 106
EUROPE: SPARE PARTS MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 107
EUROPE: SPARE PARTS MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 108
EUROPE: SPARE PARTS MANAGEMENT MARKET, BY SOLUTION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 109
EUROPE: SPARE PARTS MANAGEMENT MARKET, BY SOLUTION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 110
EUROPE: SPARE PARTS MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 111
EUROPE: SPARE PARTS MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 112
EUROPE: SPARE PARTS MANAGEMENT MARKET, BY TYPE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 113
EUROPE: SPARE PARTS MANAGEMENT MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 114
EUROPE: SPARE PARTS MANAGEMENT MARKET, BY DEPLOYMENT MODE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 115
EUROPE: SPARE PARTS MANAGEMENT MARKET, BY DEPLOYMENT MODE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 116
EUROPE: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 117
EUROPE: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 118
EUROPE: SPARE PARTS MANAGEMENT MARKET, BY VERTICAL, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 119
EUROPE: SPARE PARTS MANAGEMENT MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 120
EUROPE: SPARE PARTS MANAGEMENT MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 121
EUROPE: SPARE PARTS MANAGEMENT MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 122
UK: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 123
UK: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 124
GERMANY: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 125
GERMANY: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 126
FRANCE: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 127
FRANCE: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 128
ITALY: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 129
ITALY: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 130
REST OF EUROPE: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 131
REST OF EUROPE: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 132
ASIA PACIFIC: SPARE PARTS MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 133
ASIA PACIFIC: SPARE PARTS MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 134
ASIA PACIFIC: SPARE PARTS MANAGEMENT MARKET, BY SOLUTION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 135
ASIA PACIFIC: SPARE PARTS MANAGEMENT MARKET, BY SOLUTION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 136
ASIA PACIFIC: SPARE PARTS MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 137
ASIA PACIFIC: SPARE PARTS MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 138
ASIA PACIFIC: SPARE PARTS MANAGEMENT MARKET, BY TYPE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 139
ASIA PACIFIC: SPARE PARTS MANAGEMENT MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 140
ASIA PACIFIC: SPARE PARTS MANAGEMENT MARKET, BY DEPLOYMENT MODE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 141
ASIA PACIFIC: SPARE PARTS MANAGEMENT MARKET, BY DEPLOYMENT MODE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 142
ASIA PACIFIC: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 143
ASIA PACIFIC: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 144
ASIA PACIFIC: SPARE PARTS MANAGEMENT MARKET, BY VERTICAL, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 145
ASIA PACIFIC: SPARE PARTS MANAGEMENT MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 146
ASIA PACIFIC: SPARE PARTS MANAGEMENT MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 147
ASIA PACIFIC: SPARE PARTS MANAGEMENT MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 148
CHINA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 149
CHINA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 150
INDIA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 151
INDIA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 152
JAPAN: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 153
JAPAN: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 154
REST OF ASIA PACIFIC: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 155
REST OF ASIA PACIFIC: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 156
MIDDLE EAST & AFRICA: SPARE PARTS MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 157
MIDDLE EAST & AFRICA: SPARE PARTS MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 158
MIDDLE EAST & AFRICA: SPARE PARTS MANAGEMENT MARKET, BY SOLUTION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 159
MIDDLE EAST & AFRICA: SPARE PARTS MANAGEMENT MARKET, BY SOLUTION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 160
MIDDLE EAST & AFRICA: SPARE PARTS MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 161
MIDDLE EAST & AFRICA: SPARE PARTS MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 162
MIDDLE EAST & AFRICA: SPARE PARTS MANAGEMENT MARKET, BY TYPE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 163
MIDDLE EAST & AFRICA: SPARE PARTS MANAGEMENT MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 164
MIDDLE EAST & AFRICA: SPARE PARTS MANAGEMENT MARKET, BY DEPLOYMENT MODE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 165
MIDDLE EAST & AFRICA: SPARE PARTS MANAGEMENT MARKET, BY DEPLOYMENT MODE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 166
MIDDLE EAST & AFRICA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 167
MIDDLE EAST & AFRICA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 168
MIDDLE EAST & AFRICA: SPARE PARTS MANAGEMENT MARKET, BY VERTICAL, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 169
MIDDLE EAST & AFRICA: SPARE PARTS MANAGEMENT MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 170
MIDDLE EAST & AFRICA: SPARE PARTS MANAGEMENT MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 171
MIDDLE EAST & AFRICA: SPARE PARTS MANAGEMENT MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 172
GCC COUNTRIES: SPARE PARTS MANAGEMENT MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 173
GCC COUNTRIES: SPARE PARTS MANAGEMENT MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 174
GCC COUNTRIES: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 175
GCC COUNTRIES: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 176
SAUDI ARABIA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 177
SAUDI ARABIA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 178
UAE: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 179
UAE: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 180
OTHER GCC COUNTRIES: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 181
OTHER GCC COUNTRIES: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 182
SOUTH AFRICA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 183
SOUTH AFRICA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 184
REST OF MIDDLE EAST & AFRICA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 185
REST OF MIDDLE EAST & AFRICA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 186
LATIN AMERICA: SPARE PARTS MANAGEMENT MARKET, BY OFFERING, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 187
LATIN AMERICA: SPARE PARTS MANAGEMENT MARKET, BY OFFERING, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 188
LATIN AMERICA: SPARE PARTS MANAGEMENT MARKET, BY SOLUTION, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 189
LATIN AMERICA: SPARE PARTS MANAGEMENT MARKET, BY SOLUTION, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 190
LATIN AMERICA: SPARE PARTS MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 191
LATIN AMERICA: SPARE PARTS MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 192
LATIN AMERICA: SPARE PARTS MANAGEMENT MARKET, BY TYPE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 193
LATIN AMERICA: SPARE PARTS MANAGEMENT MARKET, BY TYPE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 194
LATIN AMERICA: SPARE PARTS MANAGEMENT MARKET, BY DEPLOYMENT MODE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 195
LATIN AMERICA: SPARE PARTS MANAGEMENT MARKET, BY DEPLOYMENT MODE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 196
LATIN AMERICA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 197
LATIN AMERICA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 198
LATIN AMERICA: SPARE PARTS MANAGEMENT MARKET, BY VERTICAL, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 199
LATIN AMERICA: SPARE PARTS MANAGEMENT MARKET, BY VERTICAL, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 200
LATIN AMERICA: SPARE PARTS MANAGEMENT MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 201
LATIN AMERICA: SPARE PARTS MANAGEMENT MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 202
BRAZIL: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 203
BRAZIL: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 204
MEXICO: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 205
MEXICO: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 206
REST OF LATIN AMERICA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)
 
 
 
 
TABLE 207
REST OF LATIN AMERICA: SPARE PARTS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)
 
 
 
 
TABLE 208
SPARE PARTS MANAGEMENT MARKET: OVERVIEW OF COMPETITIVE STRATEGIES: 2022–2025
 
 
 
 
TABLE 209
SPARE PARTS MANAGEMENT MARKET: DEGREE OF COMPETITION, 2024
 
 
 
 
TABLE 210
SPARE PARTS MANAGEMENT MARKET: REGION FOOTPRINT
 
 
 
 
TABLE 211
SPARE PARTS MANAGEMENT MARKET: OFFERING FOOTPRINT
 
 
 
 
TABLE 212
SPARE PARTS MANAGEMENT MARKET: TYPE FOOTPRINT
 
 
 
 
TABLE 213
SPARE PARTS MANAGEMENT MARKET: DEPLOYMENT MODE FOOTPRINT
 
 
 
 
TABLE 214
SPARE PARTS MANAGEMENT MARKET: ORGANIZATION SIZE FOOTPRINT
 
 
 
 
TABLE 215
SPARE PARTS MANAGEMENT MARKET: DETAILED LIST OF KEY STARTUPS/SMES
 
 
 
 
TABLE 216
SPARE PARTS MANAGEMENT MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
 
 
 
 
TABLE 217
SPARE PARTS MANAGEMENT MARKET: PRODUCT LAUNCHES AND ENHANCEMENTS, 2022–OCTOBER 2025
 
 
 
 
TABLE 218
SPARE PARTS MANAGEMENT MARKET: DEALS, 2022–AUGUST 2025
 
 
 
 
TABLE 219
SPARE PARTS MANAGEMENT MARKET: EXPANSIONS, 2022–MARCH 2025
 
 
 
 
TABLE 220
SYNCRON: COMPANY OVERVIEW
 
 
 
 
TABLE 221
SYNCRON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 222
SYNCRON: PRODUCT LAUNCHES AND ENHANCEMENTS
 
 
 
 
TABLE 223
SYNCRON: DEALS
 
 
 
 
TABLE 224
IFS: COMPANY OVERVIEW
 
 
 
 
TABLE 225
IFS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 226
IFS: DEALS
 
 
 
 
TABLE 227
BAXTER PLANNING: COMPANY OVERVIEW
 
 
 
 
TABLE 228
BAXTER PLANNING: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 229
BAXTER PLANNING: PRODUCT LAUNCHES AND ENHANCEMENTS
 
 
 
 
TABLE 230
BAXTER PLANNING: DEALS
 
 
 
 
TABLE 231
PTC: COMPANY OVERVIEW
 
 
 
 
TABLE 232
PTC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 233
PTC: PRODUCT LAUNCHES AND ENHANCEMENTS
 
 
 
 
TABLE 234
PTC: DEALS
 
 
 
 
TABLE 235
FIIX: COMPANY OVERVIEW
 
 
 
 
TABLE 236
FIIX: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 237
FIIX: DEALS
 
 
 
 
TABLE 238
SAP: COMPANY OVERVIEW
 
 
 
 
TABLE 239
SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 240
SAP: PRODUCT LAUNCHES AND ENHANCEMENTS
 
 
 
 
TABLE 241
SAP: DEALS
 
 
 
 
TABLE 242
IBM: COMPANY OVERVIEW
 
 
 
 
TABLE 243
IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 244
IBM: PRODUCT LAUNCHES AND ENHANCEMENTS
 
 
 
 
TABLE 245
ORACLE: COMPANY OVERVIEW
 
 
 
 
TABLE 246
ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 247
ORACLE: PRODUCT LAUNCHES AND ENHANCEMENTS
 
 
 
 
TABLE 248
ORACLE: DEALS
 
 
 
 
TABLE 249
TAVANT: COMPANY OVERVIEW
 
 
 
 
TABLE 250
TAVANT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 251
TAVANT: PRODUCT LAUNCHES AND ENHANCEMENTS
 
 
 
 
TABLE 252
TAVANT: DEALS
 
 
 
 
TABLE 253
TAVANT: EXPANSIONS
 
 
 
 
TABLE 254
DASSAULT SYSTEMES: COMPANY OVERVIEW
 
 
 
 
TABLE 255
DASSAULT SYSTEMES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
TABLE 256
DASSAULT SYSTEMES: DEALS
 
 
 
 
LIST OF FIGURES
 
 
 
 
 
FIGURE 1
SPARE PARTS MANAGEMENT MARKET SEGMENTATION AND REGIONAL SCOPE
 
 
 
 
FIGURE 2
SPARE PARTS MANAGEMENT MARKET: RESEARCH DESIGN
 
 
 
 
FIGURE 3
SPARE PARTS MANAGEMENT MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
 
 
 
 
FIGURE 4
MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
 
 
 
 
FIGURE 5
MARKET SIZE ESTIMATION METHODOLOGY - BOTTOM-UP APPROACH (SUPPLY SIDE): COLLECTIVE REVENUE OF SPARE PARTS MANAGEMENT VENDORS
 
 
 
 
FIGURE 6
MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 2 (DEMAND SIDE): REVENUE GENERATED FROM OFFERINGS
 
 
 
 
FIGURE 7
MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 2 (DEMAND SIDE): SPARE PARTS MANAGEMENT MARKET
 
 
 
 
FIGURE 8
SPARE PARTS MANAGEMENT MARKET: DATA TRIANGULATION
 
 
 
 
FIGURE 9
KEY INSIGHTS AND MARKET HIGHLIGHTS
 
 
 
 
FIGURE 10
GLOBAL SPARE PARTS MANAGEMENT MARKET, 2025–2030
 
 
 
 
FIGURE 11
MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN SPARE PARTS MANAGEMENT MARKET (2022–2025)
 
 
 
 
FIGURE 12
DISRUPTIVE TRENDS IMPACTING GROWTH OF SPARE PARTS MANAGEMENT MARKET
 
 
 
 
FIGURE 13
HIGH-GROWTH SEGMENTS AND EMERGING FRONTIERS IN SPARE PARTS MANAGEMENT MARKET, 2025
 
 
 
 
FIGURE 14
ASIA PACIFIC TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD
 
 
 
 
FIGURE 15
RISING EQUIPMENT UPTIME DEMANDS AND SERVICE COMPLEXITY TO DRIVE MARKET
 
 
 
 
FIGURE 16
PROFESSIONAL SERVICES SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
 
 
 
 
FIGURE 17
STANDALONE SPM SOFTWARE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
 
 
 
 
FIGURE 18
MANUFACTURING TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
 
 
 
 
FIGURE 19
NORTH AMERICA TO EMERGE AS MOST SIGNIFICANT MARKET IN NEXT FIVE YEARS
 
 
 
 
FIGURE 20
SPARE PARTS MANAGEMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
 
 
 
 
FIGURE 21
SPARE PARTS MANAGEMENT MARKET: PORTER’S FIVE FORCES ANALYSIS
 
 
 
 
FIGURE 22
SPARE PARTS MANAGEMENT MARKET: SUPPLY CHAIN ANALYSIS
 
 
 
 
FIGURE 23
SPARE PARTS MANAGEMENT MARKET: ECOSYSTEM ANALYSIS
 
 
 
 
FIGURE 24
AVERAGE SELLING PRICE OF SPARE PARTS MANAGEMENT, BY OFFERING, 2024–2025
 
 
 
 
FIGURE 25
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
 
 
 
 
FIGURE 26
SPARE PARTS MANAGEMENT MARKET: INVESTMENT AND FUNDING SCENARIO
 
 
 
 
FIGURE 27
PATENTS APPLIED AND GRANTED, 2015–2025
 
 
 
 
FIGURE 28
FUTURE APPLICATIONS OF SPARE PARTS MANAGEMENT
 
 
 
 
FIGURE 29
SUCCESS STORIES AND REAL-WORLD APPLICATIONS
 
 
 
 
FIGURE 30
SPARE PARTS MANAGEMENT MARKET: DECISION-MAKING FACTORS
 
 
 
 
FIGURE 31
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
 
 
 
 
FIGURE 32
KEY BUYING CRITERIA FOR TOP THREE VERTICALS
 
 
 
 
FIGURE 33
ADOPTION BARRIERS AND INTERNAL CHALLENGES
 
 
 
 
FIGURE 34
SOLUTIONS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
 
 
 
 
FIGURE 35
STANDALONE SPM SOFTWARE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
 
 
 
 
FIGURE 36
ON-PREMISES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
 
 
 
 
FIGURE 37
LARGE ENTERPRISES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
 
 
 
 
FIGURE 38
MANUFACTURING SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
 
 
 
 
FIGURE 39
INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
 
 
 
FIGURE 40
NORTH AMERICA: SPARE PARTS MANAGEMENT MARKET SNAPSHOT
 
 
 
 
FIGURE 41
ASIA PACIFIC: SPARE PARTS MANAGEMENT MARKET SNAPSHOT
 
 
 
 
FIGURE 42
SPARE PARTS MANAGEMENT MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2020–2024 (USD MILLION)
 
 
 
 
FIGURE 43
SPARE PARTS MANAGEMENT MARKET SHARE ANALYSIS, 2024
 
 
 
 
FIGURE 44
SPARE PARTS MANAGEMENT MARKET: PRODUCT COMPARISON
 
 
 
 
FIGURE 45
SPARE PARTS MANAGEMENT MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024
 
 
 
 
FIGURE 46
SPARE PARTS MANAGEMENT MARKET: COMPANY FOOTPRINT
 
 
 
 
FIGURE 47
SPARE PARTS MANAGEMENT MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024
 
 
 
 
FIGURE 48
SPARE PARTS MANAGEMENT MARKET: EV/EBITDA OF KEY VENDORS
 
 
 
 
FIGURE 49
SPARE PARTS MANAGEMENT MARKET: YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY MANUFACTURERS
 
 
 
 
FIGURE 50
SAP: COMPANY SNAPSHOT
 
 
 
 
FIGURE 51
IBM: COMPANY SNAPSHOT
 
 
 
 
FIGURE 52
ORACLE: COMPANY SNAPSHOT
 
 
 
 
FIGURE 53
DASSAULT SYSTEMES: COMPANY SNAPSHOT
 
 
 
 

Methodology

This research study on the spare parts management market involved extensive secondary sources, including directories, IEEE Communication-Efficient: Algorithms and Systems, and the International Journal of Innovation and Technology Management, as well as paid databases. Primary sources were mainly industry experts from core and related industries, preferred spare parts management providers, third-party service providers, consulting service providers, end users, and other commercial enterprises. In-depth interviews with primary respondents, including key industry participants and subject matter experts, were conducted to gather and verify critical qualitative and quantitative information, as well as assess the market’s prospects.

Secondary Research

In the secondary research process, various sources were referred to to identify and collect information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. The data was also collected from other secondary sources, such as journals, government websites, blogs, and vendors’ websites. Additionally, the spare parts management spending of various countries was extracted from the respective sources.

Primary Research

In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as chief experience officers (CXOs), vice presidents (VPs), and directors specializing in business development, marketing, and spare parts management services. It also included key executives from spare parts management vendors, system integrators (SIs), professional service providers, industry associations, and other key opinion leaders.

Spare Parts Management (SPM) Market
 Size, and Share

Note: Tier 1 companies’ revenues are more than USD 10 billion; tier 2 companies’ revenues range between USD 1 and 10 billion; and tier 3 companies’ revenues range between USD 500 million and USD 1 billion. Other designations include sales, marketing, and product managers.

Source: Industry Experts

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Multiple approaches were adopted to estimate and forecast the spare parts management market. The first approach involved estimating the market size by companies’ revenue generated through the sale of spare parts management products.

Market Size Estimation Methodology: Top-down Approach

The top-down approach prepared an exhaustive list of all the vendors offering products in the spare parts management market. The revenue contribution of the market vendors was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. Each vendor’s offerings were evaluated based on offering, type, deployment mode, organization size, vertical, and region. The markets were triangulated through primary and secondary research. The primary procedure included extensive interviews for key insights from industry leaders, such as CIOs, CEOs, VPs, directors, and marketing executives. The market numbers were further triangulated with the existing MarketsandMarkets’ repository for validation.

Market Size Estimation Methodology: Bottom-up Approach

The bottom-up approach identified the adoption rate of spare parts management products across different verticals in key countries, considering the regions that contribute the most to the market share. For cross-validation, the adoption of spare parts management products among enterprises and other use cases for their regions was identified and extrapolated. Use cases identified in different areas were weighed for the market size calculation.

Based on the market numbers, the regional split was determined by primary and secondary sources. The procedure included an analysis of the spare parts management market’s regional penetration. Based on secondary research, the regional spending on Information and Communications Technology (ICT), socioeconomic analysis of each country, strategic vendor analysis of major spare parts management service providers, and organic and inorganic business development activities of regional and global players were estimated.

Spare Parts Management (SPM) Market : Top-Down and Bottom-Up Approach

Spare Parts Management (SPM) Market Top Down and Bottom Up Approach

Data Triangulation

After determining the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. Data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The overall market size was then used in the top-down approach to estimate the size of other individual markets by applying percentage splits to the market segmentation.

Market Definition

MarketsandMarkets defines the spare parts management (SPM) market as the set of software platforms, digital tools, and services that enable organizations to plan, forecast, procure, store, track, and optimize spare parts across asset-intensive operations. These solutions support key functions such as demand forecasting, procurement and order management, inventory planning, multi-echelon optimization, warehouse automation, real-time tracking, and analytics.

The market covers standalone SPM software and integrated SPM solutions, deployed through cloud-based and on-premises models. SPM tools are used by large enterprises and SMEs across industries, including manufacturing, transportation and logistics, construction, healthcare, energy and utilities, IT & telecom, and oil & gas.

SPM solutions help organizations minimize equipment downtime, reduce excess inventory, improve service levels, and align spare parts availability with maintenance strategies. With growing asset complexity, global supply-chain volatility, and the rise of predictive maintenance, SPM has become essential for ensuring operational continuity and cost-efficient service operations.

Key Stakeholders

  • SPM Software Providers
  • OEM Aftermarket Divisions (Automotive, Industrial, Machinery, etc.)
  • Spare Parts Distributors and Authorized Dealers
  • System Integrators and Digital Supply Chain Solution Providers
  • Maintenance, Repair, and Operations (MRO) Service Providers
  • Logistics & Warehousing Providers
  • Government Organizations, Regulatory Bodies, and Standards Organizations
  • Industry Associations (Manufacturing, Logistics, Asset Management)
  • End Users

Report Objectives

  • To define, describe, and forecast the spare parts management market based on offering (solutions [planning & forecasting, procurement & order management, inventory management, spare parts tracking & automation, reporting & analytics, others], professional services [training & consultation, integration & implementation, support & maintenance]), type (standalone SPM software, integrated SPM software), deployment mode (on-premises, cloud), organization size (large enterprises, SMEs), and vertical (manufacturing, transportation & logistics, construction & real estate, healthcare & life sciences, energy & utilities, IT & telecom, oil & gas, other verticals [BFSI, retail & consumer goods])
  • To forecast the market size of five major regional segments: North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
  • To strategically analyze the market subsegments with respect to individual growth trends, prospects, and contributions to the total market
  • To provide detailed information related to the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze macro and micro markets with respect to growth trends, prospects, and their contributions to the overall market
  • To analyze industry trends, patents, innovations, and pricing data related to the market
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for major players
  • To analyze the impact of AI/generative AI on the market
  • To profile key players in the market and comprehensively analyze their market share/ranking and core competencies
  • To track and analyze competitive developments, such as mergers & acquisitions, product launches, and partnerships & collaborations, in the market

Customizations Options

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • The product matrix provides a detailed comparison of the product portfolio of each company.

Geographic Analysis based on feasibility

  • Further breakup of the North American spare parts management market
  • Further breakup of the European spare parts management market
  • Further breakup of the Asia Pacific spare parts management market
  • Further breakup of the Middle East & Africa spare parts management market
  • Further breakup of the Latin American spare parts management market

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

 

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