Global Retail Logistics Market Size By Type(Conventional Retail Logistics, E-commerce Retail Logistics), By Solution(Commerce Enablement, Reverse Logistics & Liquidation), By Mode of Transport(Railways, Airways, Roadways), By Geographic Scope And Forecast
Global Retail Logistics Market Size By Type(Conventional Retail Logistics, E-commerce Retail Logistics), By Solution(Commerce Enablement, Reverse Logistics & Liquidation), By Mode of Transport(Railways, Airways, Roadways), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Retail Logistics Market Size By Type(Conventional Retail Logistics, E-commerce Retail Logistics), By Solution(Commerce Enablement, Reverse Logistics & Liquidation), By Mode of Transport(Railways, Airways, Roadways), By Geographic Scope And Forecast
Retail Logistics Market Size and Forecast
Retail Logistics Market size is anticipated to be at USD xx billion in 2021, it is expected to reach USD xx billion by the end of 2030 at a CAGR of 13.1% from 2023 to 2030.
Due to various factors, including the continued growth of e-commerce and the advancement of omnichannel shopping, the demand for quick and flexible delivery choices has increased. These factors are expending the retail logistics industries. The Global Retail Logistics Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Retail Logistics Market Definition
The retail logistics market includes the processes of handling the flow of materials and goods through various channels from manufacturers to end-consumers. It involves variety of tasks, including storage, delivery, order fulfillment, and inventory control. Retail logistics is crucial to a retailer’s success as it ensures that goods will be delivered on schedule time and in the proper quantities to fulfill the client demand.
As e-commerce has develop, merchants have had to adjust to new distribution outlines and customer outlooks for quick and dependable delivery, which has resulted in a considerable development of the retail logistics business. In order to optimize their supply chains and enhance their logistics operations, retailers have invested in new technologies and approaches, which have opened up new opportunities for logistics service providers and other businesses in the retail ecosystem.
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Retail Logistics Market Overview
COVID-19 has had a significant impact on the retail logistics market. It had resulted in the disruption of the supply chains and also changed the behavior of consumers due to which this market has faced various challenges in surviving COVID-19.
Due to various factors, including the continued growth of e-commerce and the advancement of omnichannel shopping, the demand for quick and flexible delivery choices has increased. These factors are expending the retail logistics industries. Additionally, merchants are enhancing the effectiveness of their logistics by using developing technologies like artificial intelligence, automation, and the Internet of Things (IoT). Retailers are trying to lower their carbon footprint and satisfy the needs of environmentally concerned customers, which is fueling the expansion of urbanization and the rising importance of sustainability. In general, these trends are anticipated to keep fueling the retail logistics market’s expansion in the years to come.
The complexity of supply chains and the rising costs of labour, warehousing, and transportation are two factors limiting the growth of the retail logistics business. The requirement for compliance with regulations and the persistent scarcity of competent people in the logistics sector are further obstacles to the market’s expansion. Natural catastrophes, geopolitical unrest, and other worldwide events can also affect supply chains and create uncertainty for businesses. These elements have compelled retailers to look for fresh approaches and solutions to streamline their logistical processes and get over these growth-restraining obstacles.
The retail logistics sector has a number of development prospects despite its difficulties. rise in the market is being driven by the continued rise of e-commerce and the rising need for omnichannel retail strategies as retailers want to provide quicker and more flexible delivery alternatives. With the use of new technologies like automation and the Internet of Things, supply chains may be improved as well as the effectiveness of logistics. Additionally, the development of sustainable logistics and the growing significance of last-mile delivery options create the potential for logistics providers to provide retailers and customers with cutting-edge, environmentally friendly services. The retail logistics industry is anticipated to increase as a result of these factors.
Retail Logistics MarketSegmentation Analysis
The retail logistics market is segmented by type, solution, mode of transport, and region.
Retail Logistics Market, By Type
Conventional Retail Logistics
E-commerce Retail Logistics
The conventional retail logistics segment is leading the market and is expected to grow more in the coming years. Due to increasing applications of conventional retail logistics, this segment is growing continuously.
Retail Logistics Market, By Solution
Commerce Enablement
Reverse Logistics & Liquidation
Supply Chain Solutions
Transportation Management
Others
The supply chain solutions segment is rapidly developing in this market. Besides this, the reverse logistics and liquidation segment is also expected to grow more in the forecast period.
Retail Logistics Market, By Mode of Transport
Railways
Airways
Roadways
Waterways
Roadways mode of transport is being widely used in the retail logistics market. This has increased the growth of this segment in the global market.
Retail Logistics Market, By Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Asia Pacific region is expected to witness higher growth in the retail logistic market. Due to having the largest consumer base, the Asia Pacific region is also growing its retail logistics market and dominating the world.
Key Players
The key players in the retail logistics market are XPO Logistics, DSV, CH Robinson Worldwide Inc., United Parcel Service, Walmart, APL Logistics Ltd, Schneider, Nippon Express, and DHL International GmbH.
Key Developments
In September 2021, DHL completed its first successful flight based on an unmanned aerial vehicle delivery system. It has used drones to deliver packages to consumers living in remote areas.
In August 2021, Walmart started a partnership with Argo AI and Ford in order to launch an autonomous vehicle delivery system with enhanced features in 3 cities in the US.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
XPO Logistics, DSV, CH Robinson Worldwide Inc., United Parcel Service, Walmart, APL Logistics Ltd, Schneider, Nippon Express, and DHL International GmbH.
SEGMENTS COVERED
By Type, By Solution, By Mode of Transport, and By Geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope
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Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the Market based on segmentation involving both economic as well as non-economic factors• Provision of Market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the Market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the Market within each region• Competitive landscape which incorporates the Market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major Market players• The current as well as the future Market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the Market of various perspectives through Porter’s five forces analysis• Provides insight into the Market through Value Chain• Market dynamics scenario, along with growth opportunities of the Market in the years to come• 6-month post-sales analyst support
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