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

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).

Logistics in relation to retail is an organizational niche in the movement of supplies, work-in-progress and finished goods from suppliers directly to the customers. It encompasses different functions such as distribution, fulfilment of orders, storage, transport, supervision of stock levels as well as purchasing, to make sure that the right goods are available in sufficient quantities at the appropriate place and time to satisfy customer needs. All these processes, which flow from raw material suppliers to processes of making the products, to selling them to dealers, selling to sales agents, selling to the ultimate consumers have to be designed and managed.

Retail logistics services are in high demand as a result of the growing popularity of online shopping and the ongoing expansion of e-commerce platforms. With the ease of shopping online coupled with a broader range of products made available for selection, more and more consumers have opted to purchase goods online which has increased the pressure on logistics service providers to manage such orders timely and efficiently. Consumer and retailer expectations regarding order and delivery dates need to be all met for customer retention to occur. As a result, there is increasing demand for effective logistics solutions, which can provide timely deliveries, often necessitating the restructuring of operational processes of the companies concerned. Online retailers have to be proactive in inventory management to avoid both stockouts and stranding of excessive unutilized resources.