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 News

  • In August 2024, DHL Supply Chain announced the opening of a new state-of-the-art distribution center in the Midwest United States. This facility will utilize advanced automation technology to enhance efficiency and improve order fulfillment speed, addressing the growing demand for e-commerce logistics and reinforcing DHL’s commitment to innovation.
  • In September 2024, FedEx Corporation rolled out its brand-new service, "FedEx SameDay Bot," which in particular offers contactless and delivery with the help of machines to local businesses. This is primarily directed towards uplifting the last mile delivery systems so that quicker and efficient delivery services are given to the retail clients and in turn strengthens the commitment of FedEx in highly advanced and progressive logistics solutions.
  • In October 2024, XPO Logistics recently made public its intention to enter a strategic alliance with a leading technology firm to offer AI-based logistics solutions. The partnership is targeted at improving supply chain visibility and inventory control among retail clients, enabling XPO to integrate advanced technology into its services and keep abreast of competition in the retail logistics segment.
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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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