The Global E-commerce Logistics market size was USD 72,683.2 Million in 2020 and is expected to reach USD 118,847.4 Million by 2028, growing at a CAGR of 6.6% from 2021 to 2028.
E-commerce Logistics Market
The Global E-commerce Logistics Market size was USD 72,683.2 Million in 2020 and is expected to reach USD 118,847.4 Million by 2028, growing at a CAGR of 6.6% from 2021 to 2028.
Logistic service enables e-commerce merchants to outsource services including transportation, warehousing, shipping, and other value-added services such as return management and urgent parcel service. The spread of e-commerce and the resulting rise in the number of online buyers, especially in emerging economies is anticipated to give rise to market growth.
Regardless of what type of business it is to say, a manufacturer, wholesaler, or retailer, and no matter what category of products the business is selling, now is the time to adopt digital transformation. Omnichannel will become a norm in the coming years and E-Commerce logistics will have a demand like never before.
The COVID-19 pandemic has resulted in firing the growth of the E-Commerce Logistics Market. E-commerce players are looking for substitute warehousing locations to help in the continuity of their business, along with mitigating delivery delays. With the rising awareness of social distancing among consumers in developing nations like India, people have started opting for online platforms more than before, even in rural areas. Further, extended lockdowns in several countries have resulted in disrupting the supply chain. E-commerce logistics players are leveraging options, such as contactless deliveries, to mitigate the risk of infection, further boosting the demand for online sales. Also, several retailers across the country are going online to expand their reach. They are opting for Omni channel mediums which boost the requirement for E-Commerce Logistics. It has offered a wider choice of goods to customers at competitive pricing, thus boosting e-commerce sales.
One of the major reasons for the e-commerce logistics market to flourish is due to an increase in internet penetration, a rise in the adoption of smartphones, favorable demographics, the surge in acceptability of online payment, and the emergence of several new e-commerce players on social media. Further, supportive government initiatives to boost infrastructure development and implantation of laws which support like GST in India, have improved the delivery of e-commerce goods across the globe. Moreover, the indirect growth of the e-commerce logistics market is growing m-commerce sales, internet and mobile penetration, highly advanced door-to-door shipping, convenient payment methods, exciting discounts, and expansion into the new emerging markets through e-business.
It helps the market players to scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, and distribution. E-commerce logistics market is expected to grow substantially is forecasted period.
|Historic Years||2018 - 2022|
|Forecast Years||2023 - 2030|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2023 to 2030|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
The E-Commerce Logistics market accounted for more than 40% of the global revenue in 2020. With the boost in the e-commerce industry, e-commerce companies prefer to outsource shipping and transportation services to third-party fulfillment service providers and concentrate on other key business operations. Thus, transportation services account for the largest revenue share in the E-Commerce Logistics market.
The warehouse and storage services sub-segment also held a considerable revenue share in 2020. And with the increasing lockdown worldwide, the requirement is expected to grow as manufacturers and distributors need to hold the items for even longer duration.
The increase in cross-border e-commerce activities is one of the critical factors that will trigger the e-commerce logistics market growth during the forecast period. There is a growing customer preference for cross-border e-commerce because of the rise in per capita income and the increasing accessibility to foreign brands. Vendors get the opportunity to expand their businesses outside their saturated home market and tap into the newer market through cross-border e-commerce, which will help in promoting foreign trade, thereby increasing international operational area. Also, a rise in domestic operational area can be seen because of the rise in lockdown within countries and supply of item from one city to another and within cities.
The Asia Pacific region held a share of 40% in 2020. This is attributable to the presence of top buyers of digital and online shopping. Moreover, the increasing usage of E-Commerce Logistics in various sectors is expected to generate huge demand for the market in this region.
The Asia Pacific region is projected to grow at a CAGR of 20.4% over the forecast period. This is also the highest growing region owing to growing customers and mobile phone users in this region. Also, tapping of untapped markets like rural sectors in developing economies like India is fueling 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.
Some of the key players in the E-Commerce Logistics market are DHL, Aramex, FedEx, Deutsche Bahn, UPS, CEVA Logistics, Nippon Express, Rhenus Group, C.H. Robinson, Kerry Logistics, Sinotrans, and CSC Logistics, The Panalpina Group, Kuehne + Nagel, EStore Logistics, Kenco, SF Express, Deppon, ZTO, STO, and Yunda Express, among others.
These companies are focused on adopting organic growth strategies, such as product launches and expansions, to sustain their position in the dynamic market.
By Operational Area
By End user
The global E-Commerce Logistics market size was valued at USD 72,683.2 Million in 2020.
The E-Commerce Logistics market size is expected to reach USD 118,847.4 Million by 2028, growing at a CAGR of 6.6% between 2021 to 2028.
Some of the key factors driving the E-Commerce Logistics market growth are increasing number of smartphone users, rising demand for technologically advanced devices and shift on large consumer base to online shopping.
North America region held a substantial share of the E-Commerce Logistics market in 2020. This is attributable to the presence of major players such as FedEx, Aramex among others. Asia Pacific region is projected to grow at a significant rate owing to the rising demand for E-Commerce in developing economies such as China and India.
Some of the major companies operating in the E-Commerce Logistics market are DHL, Aramex, FedEx, UPS, CEVA Logistics, Nippon Express, Rhenus Group, C.H. Robinson and Kerry Logistics, Deutsche Bahn, among others.
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