E-Commerce Logistics Market: Overview
The trend of shopping through online platforms is one of the common methods every individual is adopting in this digitally backed generation. The offering of an extensive listing of products has managed to attract every shopper’s significance towards the e-commerce sites. The e-commerce logistics industry include numerous components such as transportation, value-added services, and warehousing of which hauling accounts the major share of the industry is strongly followed by warehousing and value-added services.
E-Commerce Logistics Market: Segmentation
The global e-commerce logistics market is broadly bifurcated on the basis of service type, transportation. Further based service type, the e-commerce logistics market is segmented as delivery centers, mega centers, returns processing hubs, and area wise centers. Moreover, the global e-commerce logistics market is also bifurcated based diverse transportation modes such as maritime, air/express delivery, freight/rail, and trucking/over the road.
E-Commerce Logistics Market: Growth Factors
Consumers getting exciting offers and cheap deals have kept them connected with the e-commerce shopping style, while ease in payment and doorstep delivery and replacement are some of the features that are upholding the momentum of the e-commerce market. Some of the crucial factors responsible for the indirect growth of the e-commerce logistics market are 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. The inclusion of various advanced technologies such as automated trucks, drones, automated warehouses, and IoT has placed the e-commerce logistics sector one step ahead in terms of development and growth. These technologies have significantly helped to smoothen the overall processing time and have enhanced the logistics operations. However, adoption of such advanced technologies has motivated the growth of the e-commerce sector and driving the global logistics market. Growing consumers inclination on brand consciousness and trustworthy on online products has helped to the augment the orders and has spurred the growth of the global logistics market. Steady digital advancement and automation the key drivers for global e-commerce logistics market.
E-Commerce Logistics Market: Regional Analysis
According to demand ratio, Asia Pacific region accounts for the highest demand and providing immense opportunities for the key players. Growing sales of smartphones and penetration of internet owing to ease of concern services have motivated the growth of the global e-commerce logistics market in this region. On the other side, the dominance of North America region over e-commerce logistics market is expected to retain the upcoming period owing to the strong hold of the e-commerce companies since a long time and growing user base.
E-Commerce Logistics Market: Competitive Players
Some of the top names motivating the growth in the e-commerce logistics market comprise DHL International GmbH, FedEx Corporation, Kenco Group, Amazon, Clipper Logistics Plc., Aramex International, Gati Limited, Ceva Holdings LLC, XPO Logistics, Inc., United Parcel Service, Inc., and others. In this DHL International GmbH holds the dominating position in terms of market share.
E-Commerce Logistics Market: Regional Segment Analysis
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