USD 493 billion
E-Commerce Logistics Market Size, Share, Growth Analysis, By Service Type(Transportation (Airways, Railways, Roadways, Waterways)), By Type(Forward Logistics, Reverse Logistics), By Model(3PL, 4PL, Others), By Operation(Domestic, International), By Vertical(Apparels, Consumer Electronics, Automotive, Healthcare), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20R2012 |
Region:
Global |
Published Date: October, 2024
Pages:
274
|Tables:
148
|Figures:
78
E-Commerce Logistics Market Insights
Global E-commerce Logistics Market size was valued at USD 315.84 billion in 2022 and is poised to grow from USD 386.34 billion in 2023 to USD 1936.17 billion by 2031, growing at a CAGR of 22.32% during the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Transportation
Fastest Growth
Transportation
Growth Rate
9.6% CAGR
Global E-Commerce Logistics Market By Geography ($ Bn)
Country Share for Asia-Pacific (%)
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E-Commerce Logistics Market Segmental Analysis
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.
Global E-Commerce Logistics Market By Type
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E-Commerce Logistics Market Regional Insights
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.
Global E-Commerce Logistics Market By Geography
- Largest
- Fastest
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E-Commerce Logistics Market Dynamics
E-Commerce Logistics Market Drivers
Surge in Online Purchase
- Post-pandemic, the rising number of online purchases has sharply increased the demand for e-commerce logistics services. Online shopping has been increasingly popular among customers through the ease, selection, and affordability it offers. It is most evident in the food, electronics, and clothing sectors, making logistics companies create last-mile solutions, operate warehouses, and expand their delivery networks all to meet evolving requirements of the customer base to provide reliability and speed.
Logistics Technological Advancement
- Technological advancements in the form of automation, artificial intelligence, and robots are revolutionizing e-commerce logistics, making it more accurate, cost-effective, and efficient. Automated warehouses, AI-based routing systems for delivery optimization, and predictive analytics for demand forecasting help businesses handle increasing order quantities more effectively. These advancements improve operations, reduce lead times, and provide better consumer experiences, which are significant growth boosters for e-commerce platforms.
E-Commerce Logistics Market Restraints
High Return Rates and Cost of Reverse Logistics
- Reverse logistics is an integral part of e-commerce, causing a higher rate of products returned across several industries: fashion and electronics. Returns are also estimated to cost retailers at 8% of their total sales in 2022 and, therefore, directly affect profits. Increasing infrastructure, handling charges, and man-power cost add up to the intensity of complexity in the chain. Logistically, the companies under pressure will be to make return products more efficient and cost-effective without compromising customer satisfaction since volumes of return are high.
Cross-border and Regulatory Issues
- Cross-border shipping is still challenging because various countries have different laws, taxes, customs processes, and tariffs. It might delay the shipment, increase cost, and compliance can be difficult. Often times international shipping involves complex paperwork and planning. Any one factor may delay the shipping process. As global e-commerce is a growing industry, these challenges have to be overcome to ensure successful delivery. The e-commerce logistics market outlook may be hindered in areas where they have tougher trade laws.
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E-Commerce Logistics Market Competitive Landscape
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
- FedEx Corporation
- DHL International GmbH
- United Parcel Service, Inc.
- XPO Logistics, Inc.
- Kuehne + Nagel International AG
- C.H. Robinson Worldwide, Inc.
- Deutsche Post AG (DHL eCommerce Solutions)
- Sinotrans Limited
- SF Express Co., Ltd.
- Gati Limited
- Yusen Logistics Co., Ltd.
- Aramex PJSC
- Ecom Express Private Limited
- CJ Logistics Corporation
- SEKO Logistics
- Blue Dart Express Limited
- DSV Panalpina A/S
- Nippon Express Co., Ltd.
- STO Express Co., Ltd.
E-Commerce Logistics Market Recent Developments
- CEVA Logistics signed a multi-year contract renewal in November 2022 to manage e-commerce fulfillment, warehousing, and inbound and outbound services for ASOS.
- USA Shipping, LLC (MyUS) was acquired by Aramex PJSC in October 2022. Through this purchase, strong revenue growth was anticipated due to this acquisition that would strengthen Aramex's cross-border express business.
- DHL acquired a controlling stake in the Dutch e-commerce company, Monta-which is engaged in e-fulfillment and online sale-from it in September 2022. The motive of this deal was the reinforcement of DHL's core logistics business.
E-Commerce Logistics Key Market Trends
- Development of Options for Last-Mile Delivery: Growing importance of last-mile logistics is associated with the requirements of e-commerce business as it needs faster delivery times. Other effective last-mile solutions to meet the increased needs for same-day or even next-day deliveries include local distribution hubs and crowdsourced delivery models or the use of autonomous vehicles in delivery, such as drones and robots. This will include an increase in delivery speed and cost efficiency, especially in cities where the customers are demanding the speedy delivery of the product.
- Sustainability of Logistics Operations: One of the key e-commerce logistics market trends includes sustainability of operations. This puts pressure now on both the consumers and companies to make greener supply chain methods a reality. Be it green packaging or electric delivery trucks, carbon offset schemes, and everything in between. Companies are spending on sustainable technology and setting up energy-efficient warehouses to cut their carbon footprint. The advancement of logistics is bound to be pushed by the rising concerns of the environment, shaping the way of the e-commerce industry.
E-Commerce Logistics Market SkyQuest Analysis
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 |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on E-Commerce Logistics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on E-Commerce Logistics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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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