The Global E-Commerce Logistics Market Size is valued at 341.02 billion in 2022 and is predicted to reach 2518.28 billion by the year 2031 at a 25.09% CAGR during the forecast period for 2023-2031.
Key Industry Insights & Findings from the Report:
- The overall growth of the e-commerce logistics market is driven by the rising collaborations in cross-border e-commerce activities, necessitating efficient international transportation of goods.
- Increased internet access in developing nations drives demand for e-commerce logistics services, as more consumers shop online and expect timely delivery of foreign goods.
- Asia Pacific dominated the market as well as accounted for a global revenue share in 2023.
- Meeting the standard of swift delivery within 24 to 48 hours while also managing the complexities of international expansion, including website localization and flawless logistics, poses a significant challenge for the E-commerce logistics market.
With the emergence of e-commerce and online shopping, the demand for efficient and reliable logistics services to transport goods purchased online has grown significantly in recent years. There is also a growing focus on sustainable and eco-friendly logistics solutions, with companies exploring options such as electric vehicles, renewable energy, and carbon offsetting to reduce their environmental impact. Technological advances, such as automation, robotics, and artificial intelligence, are transforming the e-commerce logistics market position, making it more efficient and cost-effective. The growth of cross-border e-commerce is driving the need for more complex and sophisticated logistics solutions to handle the international movement of goods.
However, the e-commerce logistics industry has a significant environmental impact, with emissions from transportation and packaging contributing to climate change. As customers become more environmentally conscious, there is a growing need for sustainable logistics solutions, which may require additional investments and changes in operations.
Recent Developments:
- In Jan 2024, FedEx declared its intention to introduce fdx, a data-centric e-commerce platform, during the upcoming autumn season. The platform's objective is to offer all-encompassing e-commerce solutions for online merchants, emphasizing supply chain management, client sales, and delivery coordination.
- In September 2023, Amazon.com Inc. introduced a new service allowing its 2 million merchant partners to directly deliver inventory to physical retail stores and warehouses. This move represents the e-commerce giant's latest endeavour to broaden its logistics network beyond online shoppers.
Competitive Landscape:
Some of the e-commerce logistics market players are:
- Agility Public Warehousing Company K.S.C.P.
- Amazon
- Aramex International
- Ceva Holdings LLC
- CEVA Logistics
- Clipper Logistics Plc.
- DHL International GmbH
- FedEx Corporation
- Gati Limited
- Kenco Group, Inc.
- F. Express
- United Parcel Service, Inc.
- XPO Logistics Plc.
Market Segmentation:
The e-commerce logistics market is segmented based on service type and operational area. Based on service type, the market is categorized as transportation and warehousing. By operational area, the market is segmented into international and domestic.
The Transportation Segment Is A Major Contributor In The E-Commerce Logistics Market Based On Service Type
Transportation will continue to dominate the e-commerce logistics market share in the foreseeable future. The growth of e-commerce has led to increased demand for transportation services, as more and more goods need to be transported from warehouses to customers' homes. Transportation is a critical component of the e-commerce logistics ecosystem, as it enables the delivery of goods to customers in a convenient and cost-effective manner. The logistics industry is constantly evolving to keep pace with the growth of e-commerce, and transportation companies are investing in technology and infrastructure to streamline their operations and meet the demands of online shoppers.
The Domestic Segment Witnessed Growth At A Rapid Rate
The domestic segment is projected to increase in the global e-commerce logistics market. Domestic e-commerce logistics refers to the movement and delivery of goods within a country from the seller's location to the customer's address. The dominance of domestic e-commerce logistics is due to several factors. Firstly, most e-commerce transactions are domestic, with customers buying products from local retailers or marketplaces. This means that most logistics activity focuses on domestic shipping and delivery.
The Asia Pacific, E-Commerce Logistics Market Holds A Significant Regional Revenue Share
The Asia Pacific, e-commerce logistics market, is expected to register the highest market share in revenue shortly. APAC is home to some of the largest e-commerce markets in the world, such as China, India, and Japan, and the region has seen significant growth in e-commerce sales in recent years. One of the main reasons for APAC's dominance in the e-commerce logistics market is the rapid adoption of digital technologies and the increasing number of online shoppers in the region. With a large and growing population, rising middle class, and increasing internet penetration, APAC has become a significant market for e-commerce companies investing heavily in logistics infrastructure to meet the demands of online shoppers.
Besides, North America has been a dominant force in the e-commerce industry, with a robust digital infrastructure and a large consumer base that is comfortable shopping online. As a result, the e-commerce logistics market development in North America has also been robust, with established players such as UPS, FedEx, and Amazon dominating the space.
E-Commerce Logistics Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2022 |
USD 341.02 Bn |
|
Revenue forecast in 2031 |
USD 2518.28 Bn |
|
Growth rate CAGR |
CAGR of 25.09% from 2023 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Service Type And Operational Area |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
DHL International GmbH, Aramex International, FedEx Corporation, S.F. Express, Gati Limited, Amazon, Kenco Group, Inc., Ceva Holdings LLC, United Parcel Service, Inc., Clipper Logistics Plc. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Corporate
Office :
Office No.5170, 5th Floor Marvel Fuego, Magarpatta Rd, Pune, 411028
info@insightaceanalytic.com
