30-Jun-2021 | Zion Market Research
Major companies in virtual reality market are DHL, Aramex, FedEx, Deutsche Bahn, UPS, CEVA Logistics, Nippon Express, amongst others. These players are set to bolster the development of global e-Commerce logistics market.
According to analysts at Zion Market Research, the E-Commerce Logistics Market accounted for more than USD 72.6 Billion in 2020 and is expected to reach more than USD 118.8 Billion by 2028, growing at a CAGR of 6.6% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Global E-commerce Logistics Market by Service (Transportation, Warehousing and others), by Operational Area (International and Domestic) and by End-user (business-to-business and business-to-consumer): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Massive increase in online shift of businesses to Spur Growth
“The increasing movement of buyers preference towards online market and presence of large number of competitors and emergence of omnichannel methods of shopping is the main reason to boost e-commerce market, hence the need for e-commerce logistics.,” says the author of this study. Apart from this, demand for global products, free global trade and need of warehouse to have products at the right time at the right place is likely to e-Commerce logistics market trends in the future.
With the presence of a large pool of participants, the global e-commerce logistics market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). DHL, Aramex, FedEx, Deutsche Bahn are some of the key vendors of e-commerce logistics across the world. These players across market are focusing aggressively on innovation, as well as on including advanced services like value added services, packaging and handling in their existing services. Over the coming years, they are also expected to take up expansions, partnerships and mergers and acquisitions with major e-commerce websites as their key strategy for business development, states the e-commerce logistics market study.
For instance, in 2018, Ecom Express Private Limited announced the expansion of its services by 8,000 PIN codes in India. Thus, expanding its reach from 17,000 PIN codes to over 25,000 PIN codes.
Presence of Big Players in the Region Support North American Dominance
Regionally, North America has been leading the worldwide e-commerce logistics market and is anticipated to continue on the dominant position in the years to come, states the e-commerce logistics market study. The presence of big players in the countries such as the US is one of the key factors behind the dominance of the North America e-commerce market. The Asia Pacific region is projected to grow the most over the forecast period. This is because of the growing customers and mobile phone users in this region. Also tapping of untapped markets like rural sectors in the developing economies like India is fuelling the market. Moreover, countries such as China, Japan, and South Korea are among the top 10 exporters of merchandise and account for a large portion of global e-commerce sales.
Browse the full “Global E-Commerce Logistics Market By Service (Transportation, Warehousing And Others), By Operational Area (International And Domestic) And By End-User (Business-To-Business And Business-To-Consumer): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/e-commerce-logistics-market
The global e-Commerce Logistics market is segmented as follows:
By Operational Area
By End user
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