Retail Logistics Market

Retail Logistics Market Size, Share, Growth Analysis, By Type(Conventional Retail Logistics and E-Commerce Retail Logistics), By Mode of Transport(Railways, Airways, Roadways and Waterways), By Solution(Commerce Enablement, Supply Chain Solutions, Reverse Logistics & Liquidation, Transportation Management), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20R2043 | Region: Global | Published Date: October, 2024
Pages: 166 | Tables: 90 | Figures: 71

Retail Logistics Market Dynamics

Drivers

Surging Online Demand is Revolutionizing Retail Logistics

  • There is an upsurge in the global retail logistics market driven by the increasing demand for e-commerce which has made the supply chains and last-mile delivery systems more critical. As more customers choose online shopping, retailers have increasingly turned to technology to meet growing demands. They also rely on logistics systems that support these technologies to ensure they can deliver the speed and convenience consumers expect. This combination enables retailers to effectively manage the rising expectations of modern shoppers.

Powerhouse Behind Retail Logistics Growth

  • Progress in automation technologies such as AI. Intelligent and creating efficiency in various logistics activities such as inventory management, order delivery and processing – these are features of automated warehouses and robotics and predictive analytics. Such developments enable firms engaged in retailing to cut down on operational expenses and yet improve service quality. Such growth enhances the growth of the retail logistics market.

Restraints

High-Tech Investments Challenge

  • The global retail logistics market is the high cost of advanced logistics technologies, such as automation, AI, and robotics. The ability of small and medium-sized retailers to invest in these innovations may be quite difficult, which limits their capability of competing with bigger players and thus tighter market dynamics are observed in some other sectors.

Poor Transportation Networks and Warehousing Challenges

  • Infrastructural limitations in developing regions, where poor transportation networks and insufficient warehousing facilities can lead to delays and inefficiencies. Such logistical hurdles serve to raise the cost of operations and hinder the ever-increasing ability to satisfy consumers' desires for quicker deliveries, thereby hampering the market's growth in some regions.
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FAQs

Global Retail Logistics Market size was valued at USD 287.05 Billion in 2023 poised to grow from USD 322.35 Billion in 2024 to USD 726.09 Billion by 2031, growing at a CAGR of 12.3% in the forecast period (2024-2031).

The global retail logistics market presents both dominating companies and radical changes brought by some players into the market. The market is dominated by other international companies such as DHL, FedEx, UPS, and Maersk that have their extensive network and technological advancement to provide their services more efficiently. In addition, there are also regional players who are emerging in the market who are concentrating on last mile delivery and unique services. With the increasing growth of e-commerce, many of these institutions started automation, sustainability, and creation of digital solutions in order not to be left behind. 'DHL Supply Chain (Germany)', 'FedEx Corporation (USA)', 'United Parcel Service (UPS) (USA)', 'Maersk (Denmark)', 'XPO Logistics (USA)', 'Kuehne + Nagel (Switzerland)', 'DB Schenker (Germany)', 'Nippon Express (Japan)', 'Geodis (France)', 'C.H. Robinson (USA)', 'DHL Express (Germany)', 'Panalpina (Switzerland)', 'Ryder System, Inc. (USA)', 'DHL eCommerce (Germany)', 'Sinotrans Limited (China)'

There is an upsurge in the global retail logistics market driven by the increasing demand for e-commerce which has made the supply chains and last-mile delivery systems more critical. As more customers choose online shopping, retailers have increasingly turned to technology to meet growing demands. They also rely on logistics systems that support these technologies to ensure they can deliver the speed and convenience consumers expect. This combination enables retailers to effectively manage the rising expectations of modern shoppers.

Rise of Omnichannel Fulfillment Strategies: Omnichannel fulfillment strategies have become a major trend on the global retail logistics market in order to deliver high quality customer experiences. Retailers are utilizing both online and offline channels adjusting the order and returns process with the help of different e-commerce delivery strategies. The trend accentuates the relevance of logistics networks that allow businesses to adapt to a number of consumer demands and preferences.

The ever-increasing urbanization, the ever-growing disposable incomes of the populations, and the surging e-commerce sector in the region especially in those countries such as China, India, and Japan are some of the reasons why the Asia Pacific is leading in the retail logistics market at the global scale. A large pool of addressable markets with progressively higher expectations of accurate and speedy delivery has seen players invest heavily in the logistics infrastructure, the technology, and the management of the supply chains. The region also benefits from strong government support for trade and logistics innovation, such as smart warehousing and advanced transportation networks. Besides, the emergence of mobile commerce and digital payment means is encouraging the ease of conducting shopping through the internet, thus reinforcing the position of Asia Pacific as a retail logistics market leader.

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Retail Logistics Market

Report ID: SQMIG20R2043

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