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Retail Logistics Market Size, Industry Analysis Report By Type(Conventional Retail Logistics, E-commerce Retail Logistics), By Solution(Commerce Enablement, Supply Chain Solutions, Reverse Logistics & Liquidation, Transportation Management), By Transport(Outlook, Railways, Airways, Roadways, Waterways) & Region - Forecasts

  • PUBLISHED ON
  • 2024-02-08
  • NO OF PAGES
  • 267
  • CATEGORY
  • Automotive & Transportation

Global Retail Logistics Market Analysis by Type, Solution, Transport Outlook, Region and segments forecast till 2033

Market Overview

The global retail logistics market is presently valued at USD 252,370 million and is anticipated to expand at a CAGR of 12.3% over 2023-2033, thereby amassing USD 639,140 million by end of the forecast duration.

Report Scope

Report Attributes

Description

Market Forecast in 2022

USD 252,370 million

Market Forecast in 2033

USD 639,140 million

CAGR % 2023-2033

12.3%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more

Key Companies

C.H. Robinson Worldwide Inc., Deutsche Post AG, Expeditors International of Washington Inc., FedEx Corp., J.B. Hunt Transport Services Inc., Kuehne + Nagel International AG, Penske Truck Leasing Co. LP, Ryder System Inc., United Parcel Service Inc., and XPO Logistics Inc.

 

Global Retail Logistics Market- Description

Retail logistics is referred as a procedure encompassing the systemic planning of movements to ensure the efficient delivery of final goods from the origin point to end-users. It ensures that the products sold by wholesalers, manufacturers, and distributers are delivered to the consumers in real time. Retail logistics incorporates warehousing, inventory, transportation, and management pertaining to the goods. The interrelationships among these entities are efficiently coordinated so as to reduce the operational costs and meet consumer requirements.

The booming e-commerce industry, steep rise in global trade activities, and widespread economic growth in major economies are primarily augmenting the outlook of this market vertical. Furthermore, the growing focus of enterprises to decrease their overall operational costs while ensuring the real time delivery of durable and non-durable goods is creating lucrative opportunities for the industry sphere to prosper.

Also, rise in the disposable income of the masses, variations in the consumer consumption patterns, and increasing R&D activities in the field are adding momentum to the expansion of this business vertical. Besides, the surging internet penetration coupled with the rising adoption of smartphones across the globe are positively swaying the industry vertical. On the contrary, the lack of adequate retail logistics infrastructure in under-developed economies is one of the major factors hindering the remuneration scope of the market.

Global Retail Logistics Market- Key Trends

·         Growing Demand for Last Mile Delivery of Goods Is Aiding Industry Expansion

With rapid technological and digital evolution worldwide, there has been an escalating demand for the same day or last mile delivery of goods. Most of the customers expect the same day delivery of products such as medicines, grocery items, along with food & beverages, among others. This in turn has increased the focus of businesses onto offering last mile delivery choices for the customers. These factors are adding traction to the overall market growth.

·         Increasing Usage of Drones and Other Advanced Delivery Entities Is Fueling Industry Development

There has been a rising integration of advanced delivery entities such as drones and smart glasses in the e-commerce sector. Since consumers expect fast delivery of goods, the related companies have increased their focus onto enhancing their speed of delivery. The integration of drones, autonomous vehicles, and smart glasses enable e-commerce companies to provide error-free and past faced deliveries in urban as well as rural locations. This in turn is contributing to the progression of this business sphere.

Global Retail Logistics Market- Segmental Assessment

By Type

• Conventional Retail Logistics

• E-commerce Retail Logistics

The e-commerce retail logistics segment is anticipated to amass significant gains over the stipulated timeline owing to the increasing internet penetration and shifting consumer inclination towards online shopping.

By Solution

• Commerce Enablement

• Supply Chain Solutions

• Reverse Logistics & Liquidation

• Transportation Management,

• Others

The reverse logistics & liquidation segment is poised to generate high returns over the estimated timeframe due to the rapid evolution in the e-commerce sector and rise in the number of e-shoppers.

By Transport Outlook

• Railways

• Airways

• Roadways

• Waterways

The roadways segment is expected to account for a considerable volume share over the analysis period. This is attributable to the elevating demand for the transportation of retail goods via roadway vehicles owing to their affordability and operational ease.

Global Retail Logistics Market- Geographical Landscape

The major regions influencing the expansion trajectory of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, Asia Pacific is projected to capture a substantial revenue share over 2022-2030. This is ascribed to the booming e-commerce industry, growing per capita income of the masses, and widespread technological advancements in the field.

Global Retail Logistics Market: Recent Developments

·         Notably, in April 2020, FedEx announced a partnership deal with BigCommerce Pty. Ltd., a provider of open SaaS e-commerce platform. The collaboration was aimed at offering customers with easy and low cost shipping services.

Global Retail Logistics Market: Key Companies

·         C.H. Robinson Worldwide Inc.

·         Deutsche Post AG

·         Expeditors International of Washington Inc.

·         FedEx Corp.

·         J.B. Hunt Transport Services Inc.

·         Kuehne + Nagel International AG

·         Penske Truck Leasing Co. LP

·         Ryder System Inc.

·         United Parcel Service Inc.

·         XPO Logistics Inc.

·         Others

Global Retail Logistics Market: Regional Scope 

North America

·         U.S.

·         Canada

·         Mexico

Europe

·         U.K.

·         Germany

·         France

·         Italy

·         Spain

·         Rest of Europe

Asia Pacific

·         China

·         India

·         Japan

·         South Korea

·         Australia

·         Rest of Asia Pacific

South America

·         Brazil

·         Argentina

·         Rest of South America

Middle East and Africa

·         Saudi Arabia

·         UAE

·         Egypt

·         South Africa

·         Rest of Middle East and Africa

Why to buy this Report?

Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of the market they are operating in or considering entering, and make more informed decisions based on data and analysis.

Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in the market.

Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.

Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.


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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

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Market Estimates and Forecast

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Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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