Global E-commerce Logistics Market
Dublin, Sept. 23, 2022 (GLOBE NEWSWIRE) -- The "E-commerce Logistics Market Size, Share & Trends Analysis Report by Service Type (Transportation, Warehousing), by Type (Forward, Reverse), by Model (3PL, 4PL), by Operation, by Vertical, by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global e-commerce logistics market size is anticipated to reach USD 1,396.56 billion by 2030, according to the new report. The market is expected to witness a CAGR of 20.4% from 2022 to 2030. E-commerce logistics refers to various processes such as warehousing, transportation, inventory management, labeling and packaging, invoicing, shipping, etc. Due to the continuing growth in demand for e-commerce services, there has been a subsequent rise in demand for e-commerce logistics.
E-commerce sales have been expanding considerably, nearly doubling their share in global retail sales in the past five years. The market shares of e-commerce sales increased from 15.6% of total retail sales in 2017 to 31.8% of the total retail sales in 2020. Moreover, the retail market especially e-commerce retailing is getting highly competitive. Amazon and Walmart are the top e-commerce retailers. In 2020, Amazon surpassed Walmart to be the largest retailer in the U.S. Amazon's online sales represent 14.1% of the total online sales in the U.S.
The adoption of technologies such as blockchain, bar code technology, Electronic Data Interchange (EDI), and Radio Frequency Identification Technology (RFID) in e-commerce logistics is improving the efficiency and reliability of e-commerce logistics operations. Technologies such as RFID, Global Positioning Systems (GPS), and Global Information Systems (GIS) have facilitated the tracking of shipments in real-time. This factor has contributed to the increased confidence in logistics service providers.
The e-commerce logistics market is anticipated to expand exponentially over the forecast period due to factors such as rising smartphone penetration, drone deliveries, greater digitization, language diversity of e-commerce platforms, and the rise of digital payment methods such as smart cards, e-wallets, and net banking.
E-commerce Logistics Market Report Highlights
-
E-commerce logistics is gaining traction owing to the impressive growth trend of e-commerce across the globe
-
Transportation segment dominated the market in 2021 with a revenue share of about 70%. Roadways was the most used mode of transportation in e-commerce logistics. Hubs/ delivery centers are expected to be the fastest growing warehouse type during the forecast year
-
Forward logistics type segment contributed to more than half of the market share in 2021 and is expected to continue its domination of the market during the forecast period
-
3PL logistics model held the largest share in the e-commerce logistics market followed by 4PL. 3PL is also expected to be the fastest-growing segment during the forecast period
-
The domestic operations held the largest share in 2021 at about 74%. However, the international operations are expected to grow at a CAGR of 23.0% during the forecast period
-
Apparels vertical segment held the largest market share in the e-commerce logistics market. The food and beverage vertical is also expected to be the fastest growing segment with a CAGR of 23.2% during the forecast period
-
Asia Pacific is expected to be the fastest growing region during the forecast period of 2022 to 2030. China, India, and Japan are the market leaders in the region