Global E-Commerce Logistics Market Size (By Service Type: Transportation, and Warehousing; and By Operational Area: International, and Domestic) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2021 – 2028
From 2021 to 2028, the global E-Commerce Logistics market is predicted to grow at a CAGR of 20%, from US$ 845bn in 2020 to US$ 3,606bn in 2028.
Ecommerce logistics, also known as elogistics, is the process of producing, labeling, storing, and eventually delivering a product to a customer's door after it has been purchased. In other words, e-commerce logistics begins with the movement of merchandise from the manufacturer and continues until it reaches the final destination of the end customer.Although each company's process is unique, the e-commerce logistics of an online store consists of several components. The logistics of getting orders to customers have become more complicated as the ecommerce industry has grown, especially with the novel coronavirus affecting entire e-commerce supply chains. With a large amount of logistics being transferred across the country every day, it is extremely important that procedures are in place to keep a check on process and ensure that they get to their destinations on time.
The e-commerce logistics market is likely to be driven by growing cross-border e-commerce operations, the growth of e-commerce startups, and the expansion of the e-commerce industry in the next years.In the midst of a global Covid-19 pandemic that continues to transform the retail and logistics environment, e-commerce logistics is growing rapidly around the world as online retail demand soars and consumer demands for same-day or next-day last-mile delivery choices climb drastically. Also, consumers are increasingly favoring cross-border e-commerce due to growing per capita income and wider access to foreign brands. This in turn is expected to fuel the global e-commerce logistics market in the coming future. Then again, growing consumer preference towards online shopping has also soared the demand for e-commerce logistics industry. According to a 2019 research study, an estimated 1.92 billion people bought products or services online.Furthermore, a number of benefits from e-commerce logistics, such as the ability to deploy e-commerce logistic services and better reliability, real-time insight on product transports, and improved customer satisfaction, are predicted to boost market demand during the forecasted timeframe. On the other hand, the market is likely to be restrained by factors such as a lack of awareness of the system and concerns about its security.Logistics companies restrict their access to the nation's rural areas, affecting a large portion of the region's underdeveloped country infrastructure. Moreover, it also reduces the reach and connectivity of logistics companies.
The segmentation of the global e-commerce logistics market is split into operational area, service type, and regions.In 2020, the transportation segment accounted for the majority of the share in the service type segment. The high growth in the segment is attributed to the increasing usage of different modes of transport such as rail, road, air, and maritime in e-commerce activities. Among the operational area, the domestic segment occupied the maximum share in 2020. The growing trend for online shopping and the rising popularity of home delivery service are the primary factors surging the demand for domestic segment.
E-Commerce Logistics Market Regional Overview
The regional market is bifurcated into Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa (MEA). In 2020, Asia-Pacific held the largest market share among all the regions. The tremendous population growth in the region has created a multibillion-dollar opportunity for e-commerce logistics companies. The region was conquered by China, the world's largest e-commerce market owing to the presence of e-commerce giants such as Alibaba and JD.com. Furthermore, the rising number of smartphone users and the significant increase in internet connectivity are also driving the Asia-Pacific e-commerce logistics market. For instance, in China and India, there were 935 million and 748 million smartphone users in 2020, respectively.
North America stood for the second-largest market in 2020, with the US accounting for a major chunk in the region during the forecast period. Despite its high growth this year, the world's largest e-commerce logistics market, the United States, is predicted to grow at a stable CAGR over the next several years, whereas China is expected to continue to develop at double-digit rates.
Global E-Commerce Logistics Segment Analysis
Market by Service Type
o Air/Express Delivery
o Trucking/Over Road
o Mega Centers
o Hubs/Delivery Centers
o Returns Processing Centers
Market By Operational Area
E-Commerce Logistics Market Competitive Landscape
This section of the report identifies the market's major players. Agility Public Warehousing Company K.S.C.P.,Amazon.com, Inc., Aramex International, Ceva, Holdings LLC,Clipper Logistics Plc., DHL International GmbH, FedEx Corporation,Gati Limited, Kenco Group, Inc., XPO Logistics, Inc., United Parcel Service, Inc.are the key companies mentioned in the research.
E-Commerce Logistics Market Regional Overview
· Rest of Europe
· Rest of Latin America
· South Korea
· Rest of Asia-Pacific
Middle East & Africa
· South Africa
· Rest of Middle East & Africa