Retail Logistics Market Size 2021-2030, Market Share Analysis, Growth, Trends, and Covid 19 Outbreak Impact Research Report Added by Precedence Research.
The global retail logistics market size is projected to hit USD 465 billion by 2030 and is anticipated to grow with a healthy CAGR of 12.4% over the forecast period 2021-2030.
The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030.
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The retail logistics refers to an instrumental process under which the flow of goods from the source of supply to the customers is managed. This system ensures smooth delivery of products to the customers by effective movement of logistics. It also ensures that right product should be delivered to the right customer at right time and place.
Since past few years retail industry has been an early target of digital innovation. Conventional methods of retail and historical data are now not been used in the new retail industry. Retail industry has grown from its nascent state in 2000’s to hundreds of billions of markets in 2020. Retail sector is the most vulnerable industry for the penetration of new technologies such as data analytics, cognitive analytics, Internet of Things (IoT), and many others.
Surge in global trade activities particularly in the developing nations along with developments in the logistics infrastructure are likely to boost the retail logistics market growth. As per World Trade Organization (WTO) report published in 2019, the share of service sector in the global trade expected to rise by 50% by the year 2040. Additionally, if the developing countries respond faster in the adoption of digital technologies their global hare in retail services expected to surge by 15% by 2040.
Apart from rise in global trade, international retailers are being more competitive in nature owing to rise in globalization. This resulted in increased competition among international retailers in the retail logistics market owing to increased number of stores by these players particularly in the developing countries. This has prominently boosted the global trade activities that also facilitate the transportation sector because of need to transfer raw materials and finished goods to the manufacturing site across various regions. Further, the rising competition among international retailers has also benefited the economic growth of the countries as it boosted the import and export activities within a nation that ultimately leads to increased tax revenue. Hence, the aforementioned factor thrives the growth of retail logistics during the upcoming years.
|Market Size||USD 465 Billion by 2030|
|Growth Rate||CAGR of 12.4% from 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Solution, Mode of Transport, Region|
- The Asia Pacific dominated the global retail logistics market in the year 2020 and register a significant growth rate during the forecast period due to propelling market for e-commerce and online shopping
- North America witnesses considerable growth during the forthcoming years owing to the presence of large number of internationally operating players in the region
- By type, the conventional retail logistics segment leads the global market with a revenue share of around 59% in the year 2020 and anticipated to maintain the same trend over the analysis period
- The e-commerce retail logistics exhibits the fastest growth during the upcoming years due to rising penetration of internet that boosts the online sales
- The supply chain solution segment captured the highest market share in the year 2020 because of optimization in omnichannel operation and on-time delivery of goods
- The reverse logistics & liquidation segment exhibits a considerable growth during the upcoming years owing to surge in e-commerce business
- Roadways transportation medium captured the majority of revenue share that more than 52% in the year 2020 attributed to rising demand for road vehicles for long distance transportation.
The Asia Pacific is the front-runner in the global retail logistics market capturing the highest revenue share of nearly 26% in the year 2020 and anticipated to continue its dominance during the upcoming period. Fast growth of e-commerce business and online shopping in the region is the most important factor that propels the market growth of retail logistics within the region.
E-commerce market in the Asia Pacific region has reached US$ 1.4 trillion in 2020 and estimated to rise at a rapid pace in the coming years because of increasing penetration digital buyers. For instance, China accounts for nearly 63% of the total digital buyers present in the region followed by India and Japan with a share of 10.4% and 9.4% respectively.
On the other hand, North America and Europe are the other prominent regions in the global retail logistics market and captured considerable market revenue share in the year 2019 owing to the presence of top globally renowned logistics players in the region.
The retail logistics market report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation, and so on.
Some of the key players in the global retail logistics market include:
- A.P. Moller – Maersk
- APL Logistics Ltd
- C.H. Robinson Worldwide, Inc.
- DHL International GmbH
- Kuehne + Nagel International
- Nippon Express
- United Parcel Service
- XPO Logistics, Inc.
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Precedence Research has segmented the global Retail Logistics Market report on the basis of type, solution, mode of transport, and region:
- E-Commerce Retail Logistics
- Conventional Retail Logistics
By Solution Type
- Supply Chain Solutions
- Commerce Enablement
- Transportation Management
- Reverse logistics & liquidation
By Mode of Transport Type
By Regional Type
- South Korea
Rest of the World
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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