Global Retail Logistics Market Analysis By Service type (Order fulfillment, Packaging, Labeling), By Mode of transportation (Road, Rail, Air, Sea transportation), By Logistics model (In-house logistics, Outsourcing logistics, Fourth-party logistics (4PL)), By End-user (Manufacturers, Retailers, Consumers) & Forecast
- PUBLISHED ON
- 5/10/2023
- NO OF PAGES
- 242
- CATEGORY
- Automotive & Transportation
The global retail logistics market size was valued at around USD 230.11 billion in 2021 and expected to grow at a CAGR of 12.4% during the forecast period.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 230,000 million |
Market Forecast in 2033 | USD 350,180 million |
CAGR % 2023-2033 | 12.4% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Regional and country wise trends, Company analysis by revenue, gross margin, pricing , Role of technology in retail logistics |
Key Companies | FedEx Corporation, DHL International GmbH, United Parcel Service, Inc., XPO Logistics, Inc., CEVA Logistics AG, Kuehne + Nagel International AG, DB Schenker, SNCF Logistics, C.H. Robinson Worldwide, Inc., J.B. Hunt Transport Services, Inc. |
Covid-19 Impact:
The COVID-19 pandemic has had a significant impact on the global retail logistics market. The pandemic has disrupted supply chains, increased demand for online shopping, and resulted in changes in consumer behavior.
On the one hand, the pandemic has led to increased demand for online shopping, resulting in a surge in e-commerce sales. This has led to an increased demand for retail logistics services, including transportation, warehousing, and order fulfillment. Retailers and logistics service providers have had to adapt to this surge in demand by increasing their capacity and implementing new processes and technologies to handle the increased volume.
On the other hand, the pandemic has also resulted in disruptions to global supply chains, including transportation and logistics networks. Lockdowns, border closures, and restrictions on movement have led to delays and increased costs for the transportation of goods. Additionally, shortages of labor and raw materials have further compounded these challenges.
The pandemic has also led to changes in consumer behavior, with many consumers opting for contactless delivery options and home delivery services. This has put pressure on retailers and logistics service providers to adapt their operations to meet these changing demands.
Overall, the COVID-19 pandemic has had a significant impact on the global retail logistics market, with both positive and negative effects. While the increased demand for e-commerce has presented growth opportunities for the market, the disruptions to supply chains and changes in consumer behavior have presented significant challenges for retailers and logistics service providers.
Market Dynamics:
Drivers:
Growth of e-commerce: The increasing popularity of e-commerce has resulted in a surge in online sales, leading to increased demand for retail logistics services such as transportation, warehousing, and order fulfillment.
Advancements in technology: The development of new technologies, such as automation, artificial intelligence, and the Internet of Things (IoT), is driving the growth of the retail logistics market by increasing efficiency, reducing costs, and improving supply chain visibility.
Changing consumer behavior: Changes in consumer behavior, such as a preference for online shopping, home delivery, and faster shipping times, are driving the growth of the retail logistics market. Retailers and logistics service providers are adapting to these changes by implementing new processes and technologies to meet the evolving demands of customers.
Increasing globalization: The globalization of trade has led to an increase in the volume of goods being transported across borders, driving the growth of the retail logistics market.
Growing demand for sustainable logistics: The growing awareness of environmental issues and the need for sustainable logistics practices are driving the adoption of green logistics solutions, such as eco-friendly transportation and energy-efficient warehousing, which is expected to boost the growth of the retail logistics market.
Government initiatives: Government initiatives aimed at improving infrastructure, reducing logistics costs, and promoting international trade are also driving the growth of the retail logistics market.
Restraints:
High logistics costs: The high costs associated with logistics, including transportation, warehousing, and order fulfillment, are a major challenge for retailers and logistics service providers. These costs can have a significant impact on profit margins, particularly for smaller retailers.
Infrastructure challenges: Poor infrastructure, including inadequate transportation networks, can result in delays, increased costs, and reduced efficiency in the retail logistics supply chain.
Regulatory challenges: Regulations related to customs, taxes, and tariffs can present significant challenges for retailers and logistics service providers operating in different countries.
Regional Analysis:
North America: North America is a mature market for retail logistics, with well-established supply chains and logistics networks. The region is also home to several leading retailers and logistics service providers. The increasing popularity of e-commerce and changing consumer behavior is driving the growth of the retail logistics market in this region.
Europe: Europe is another mature market for retail logistics, with a highly developed logistics infrastructure and supply chain. The region is home to several leading retailers and logistics service providers, and the increasing focus on sustainable logistics practices is driving the adoption of green logistics solutions in this market.
Asia-Pacific: The Asia-Pacific region is a rapidly growing market for retail logistics, driven by the increasing popularity of e-commerce and the growing middle-class population in countries such as China and India. The region is also home to several leading logistics service providers, and the increasing adoption of new technologies is driving the growth of the retail logistics market in this region.
Middle East and Africa: The Middle East and Africa region is a relatively untapped market for retail logistics, with significant growth potential driven by the increasing demand for e-commerce and the growing urbanization in the region. The lack of established logistics infrastructure and skilled labor is a major challenge for the retail logistics market in this region.
Latin America: The Latin America region is a growing market for retail logistics, driven by the increasing popularity of e-commerce and the growing middle-class population in countries such as Brazil and Mexico. The lack of established logistics infrastructure and high logistics costs are major challenges for the retail logistics market in this region.
Competitive Landscape:
The global retail logistics market is highly competitive, with several global and regional players competing for market share.
FedEx Corporation
DHL International GmbH
United Parcel Service, Inc.
XPO Logistics, Inc.
CEVA Logistics AG
Kuehne + Nagel International AG
DB Schenker
SNCF Logistics
C.H. Robinson Worldwide, Inc.
J.B. Hunt Transport Services, Inc.
These players compete on several factors such as price, service quality, geographical coverage, and technological capabilities. They are also focusing on developing innovative logistics solutions to meet the changing demands of the retail industry, such as faster delivery times, real-time tracking and visibility, and cost-effective last-mile delivery solutions. In addition, several mergers and acquisitions have taken place in the market, as companies seek to expand their geographical reach and service offerings. Overall, the global retail logistics market is expected to remain highly competitive, with new players entering the market and existing players continuing to invest in new technologies and services.
Segmentation
Service type:
• Order fulfillment
• Packaging
• Labeling
By Mode of transportation:
• Road
• Rail
• Air
• Sea transportation
Logistics model:
• In-house logistics
• Outsourcing logistics
• Fourth-party logistics (4PL)
End-user:
• Manufacturers
• Retailers
• Consumers
Region
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
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
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
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
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.
}})
Select a license type that suits your business needs
US $4250
Only Four Thousand Two Hundred Fifty US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $5250
Only Five Thousand Two Hundred Fifty US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $6250
Only Six Thousand Two Hundred Fifty US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI