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
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