USD 493 billion
Report ID:
SQMIG20R2012 |
Region:
Global |
Published Date: October, 2024
Pages:
274
|Tables:
148
|Figures:
78
E-Commerce Logistics Market size was valued at USD 386.34 Billion in 2023 and is poised to grow from USD 472.57 Billion in 2024 to USD 2368.32 Billion by 2032, growing at a CAGR of 22.32% during the forecast period (2025-2032).
The e-commerce logistics market growth is significantly increasing in the forecast period. The higher the number of online buyers, the greater the need for quick, reliable, and low-cost logistics solutions. In addition, the rise in e-commerce has further strengthened the relationships between sellers and buyers, which contributes to the growth of the market. More businesses are now increasingly putting up their online presence as they try to meet the demand for faster delivery that has been demanded by customers. As a result, logistics providers are investing in advanced technologies to optimize operations. However, regulatory challenges such as cross-border trade, customs regulations, and differences in shipping requirements between countries would restrain the growth of the e-commerce logistics industry.
The supply chain solution customization became an important component of accommodating the changing needs of e-commerce companies. The base level of product distribution has shifted, technology has transformed, and business analytics has been embraced, making logistics practitioners more effective at optimizing workflow processes and enhancing productivity. The e-commerce platform and the various business-to-consumer and consumer-to-consumer websites have brought immense change to the global logistics sector because it increases both local and international demands. Furthermore, growth in digital technology even promotes the usage of e-commerce logistics since freight services are also more accessible to the majority of developing countries that increasingly experience internet access and cross-border e-commerce.
US E-Commerce Logistics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 493 billion
Largest Segment
Transportation
Fastest Growth
Transportation
Growth Rate
9.6% CAGR
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Global E-commerce Logistics Market is segmented by Service Type, Type, Model, Operation, Vertical, and Region. Based on Service Type, the market is segmented into Transportation (Airways, Railways, Roadways, Waterways), Warehousing (Mega Centers, Hubs/Delivery Centers, Returns Processing Centers), Others. Based on Type, the market is segmented into Forward Logistics, Reverse Logistics. Based on Model, the market is segmented into 3PL, 4PL, Others. Based on Operation, the market is segmented into Domestic, International. Based on Vertical, the market is segmented into Apparels, Consumer Electronics, Automotive, Healthcare, Food and Beverage, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
E-Commerce Logistics Market Analysis by Type
Forward logistics had almost 68.9% of the market share in 2023 and is still ahead of the curve because the e-commerce industry is going through a boom. As per the e-commerce logistics market analysis, the market is expected to maintain its lead during the forecast period. Forward logistics, being on the downstream end of the e-commerce supply chain, is its most important area since it is all about managing commodities, products, and services from the suppliers to the final consumers. This area is grown as fast as it is to be able to answer growing demands for fast and efficient delivery, ensuring that this category will be very important in the success of operations for e-commerce.
However, reverse logistics is the returning part of an e-commerce supply chain and transportation of commodities back from the consumer to either a supplier or warehouse. In its earlier stages, this formed an integral part of the logistics process because return shipments from customers represented around 8% of merchants' gross sales while incoming shipments corresponded to 4% of total retail revenues in 2022. While the rising cost is offsetting it through improvements in returns handling such as automated sorting and improved customer care procedures, reverse logistics will only become more streamlined and effective as the number of online transactions increases, pushing additional growth in this e-commerce logistics industry.
E-Commerce Logistics Market Analysis By Vertical
The apparel industry had a revenue share of approximately 38.13% and dominated the e-commerce logistics market in 2023. Factors, including easy online buying, liberal return policies, and irresistible discounts will continue to influence the dominance of the apparel industry in the future. As the customers are increasing their dependency on digital platforms for purchasing requirements, online fashion demand is expected to continue rising in 2023. The market leaders are websites such as ASOS, Zara, and Amazon. Furthermore, the customers are opting for fashion shopping through online channels as "try before you buy" services and faster delivery options are coming up, which is further supporting the vertical's steady growth.
Consumer electronics is one of the fastest-growing e-commerce verticals, which holds a huge e-commerce logistics market share in 2023. Products such as smartphones, computers, headphones, and many other devices are in huge demand on the online market such as Amazon and Flipkart. Due to technological advancement and increasing disposable income, people are now buying these products online with convenience and affordable prices. As the e-commerce platforms offer low prices, faster delivery times, and a wider range of products, the demand for consumer electronics is predicted to grow rapidly. The sector will continue the growth trajectory with a healthy pace in 2023 as customers opt for more online shopping and technology upgrades.
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In relation to other regions, Asia-Pacific has emerged at the forefront of the e-commerce logistics industry. High smartphone and internet penetration rates in the region have led to increased demands in e-commerce and, thereby, logistics services. Expansion in the e-commerce logistics sector has been positively triggered by the emergence of new e-commerce companies in the region. Most Chinese investments are highly facilitating the development of logistics services in China, for instance, by upgrading the infrastructure such as ports, railroads, and highways. E-commerce logistics is experiencing fast expansion in the country because customers in Japan prefer home delivery as compared to in-store shopping.
According to the e-commerce logistics market forecast, North America stood second at a revenue share of around 25.86% in 2023. The high revenue share exists because of such e-commerce giants as Amazon, Walmart, and eBay. It has a market valuation that goes beyond USD 1.5 trillion. Amazon accounts for about 38% of all e-commerce suppliers and is the largest online retailer in the United States. The company will have more than 100 fulfillment centers and 300 hubs for delivery in the future, which it needs to deal with the increase in last-mile dispatches of the company due to its strategic investments. Due to the rising demand of the area, e-commerce logistics will be needed ever-increasingly.
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E-Commerce Logistics Market Drivers
Surge in Online Purchase
Logistics Technological Advancement
E-Commerce Logistics Market Restraints
High Return Rates and Cost of Reverse Logistics
Cross-border and Regulatory Issues
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There are many businesses operating in the market, making it highly competitive. To have an edge over competitors, the players engage in various strategic initiatives, such as mergers, acquisitions, and expansion. To speed up the delivery of products, e-commerce logistics companies are establishing warehouses in various countries globally.
E-Commerce Logistics Market Top Player’s Company Profiles
E-Commerce Logistics Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the e-commerce logistics industry is going to grow manifold with the rise in online shopping, technology improvement, and rising demand for rapid and efficient delivery services. Automation, artificial intelligence, and last-mile delivery innovation bring customer happiness and operational efficiency. However, issues such as high return rates, complicated regulation, and problems in cross border shipping need to be cleared up so that the market keeps on growing. Moreover, logistics companies are using greener methods due to rising trends of sustainability. For future course of international retail, logistics companies would work even more importantly when further evolutions in e-commerce are done, and success continues relying on effective, economic, and ecologically sound solutions.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 315.84 billion |
Market size value in 2031 | USD 1936.17 billion |
Growth Rate | 22.32% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the E-Commerce Logistics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the E-Commerce Logistics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the E-Commerce Logistics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the E-Commerce Logistics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20R2012
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