E-COMMERCE LOGISTICS MARKET GROWTH ANALYSIS, KEY TRENDS, REVENUE INSIGHTS, AND FORECAST TO 2032

E-Commerce Logistics Market Growth Analysis, Key Trends, Revenue Insights, and Forecast to 2032

E-Commerce Logistics Market Growth Analysis, Key Trends, Revenue Insights, and Forecast to 2032

Blog Article

The global e-commerce logistics market size was valued at USD 372.80 billion in 2023 and is expected to be worth USD 441.55 billion in 2024. The market is projected to reach USD 1,903.08 billion by 2032, recording a CAGR of 20.04% during the forecast period.

E-commerce logistics encompasses a diverse range of services, such as warehousing, transportation, and packaging solutions, which enable the efficient management, movement, storage, and smooth flow of goods in the online retail industry. The notable increase in cross-border e-commerce, driven by expanding middle-class demand for international products, is contributing to market growth.

The COVID-19 pandemic had a profound effect on the market for e-commerce logistics, impacting several key areas, including a surge in online shopping and a transition to contactless delivery methods. The pandemic acts as a catalyst for the evolution of e-commerce logistics, compelling companies to innovate and adapt to the new market dynamics.

Fortune Business Insights™ displays this information in a report titled, “E-Commerce Logistics Market, 2024-2032."

Top Company in the E-Commerce Logistics Market:


  • DHL International GmbH (Germany)

  • FedEx Corporation (U.S.)

  • Aramex International (UAE)

  • XPO Logistics Plc. (U.S.)

  • United Parcel Service, Inc. (U.S.)

  • Gati Limited (India)

  • Kenco Group, Inc. (U.S.)

  • Clipper Logistics Plc. (U.K.)

  • Agility Public Warehousing Company K.S.C.P. (Kuwait)

  • CEVA Logistics (U.K.)


Browse Detail Summary for the E-Commerce Logistics Market Report: https://www.fortunebusinessinsights.com/e-commerce-logistics-market-107945 

Segmentation:

Domestic Segment Dominated Market Owing to Increasing Demand for Rapid Delivery of Home Goods

Based on operational area, the market is divided into domestic and international markets. The domestic segment dominated the market with the largest revenue share of 70% in 2023 and is expected to maintain its prominence in the coming future. This growth is largely attributed to the increasing demand for rapid delivery of home goods, such as groceries and medicine prescriptions, among other products.

Increasing Significance of Robust Reverse Logistics to Bolster Growth of Backward Logistics

Based on type, the market is divided into forward logistics and backward logistics. The backward logistics type is expected to witness growth at the highest rate in the coming years. The increasing significance of a robust reverse logistics or returns management process is expected to contribute to the segment’s growth.

Transporting Dominates Owing to its Efficiency and Speed Along with Growing Popularity of International Online Shopping Among Consumers

Based on service type, the market is segmented into transporting, warehousing, and others. The transporting segment remained dominant, with the largest e-commerce logistics market share in 2023, owing to its efficiency and speed. The growing popularity of international online shopping among consumers has made transporting the preferred option for meeting the demands of customers who prioritize fast delivery times.

With respect to region, the market covers North America, South America, Europe, Asia Pacific, and the Middle East & Africa.

Report Coverage:

The report has conducted a detailed study of the market and highlighted several critical areas, such as leading applications, types, service types, operational areas, and key market players. It has also focused on the latest market trends and key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.

Drivers and Restraints:

Automation in Warehouses to Drive Market Growth

Automation in warehouses, including Automated Guided Vehicles (AGVs) and robotic arms, reduces labor costs and boosts operational efficiency driving market growth. Advanced sorting systems and conveyor belts speed up order processing, resulting in faster, more affordable shipping. Robotics with IoT connectivity and sensors offer real-time data for predictive maintenance, demand forecasting, and process optimization. This data analysis enhances decision-making, improves goods transition, and increases customer services, further fueling market expansion.

However, rising delivery costs, driven by cash-on-delivery and high return rates, are pushing e-commerce logistics firms to opt for surface transit, restricting e-commerce logistics market growth.

Regional Insights:

Asia Pacific Leads Due to Integration of Advanced Technologies Among SMEs

Asia Pacific accounted for the highest market growth for e-commerce logistics in 2023, which was primarily driven by the integration of advanced technologies among small and medium-sized enterprises, a marked shift toward digitization, and the ongoing modernization efforts within various countries in the region.

North America is the second-dominant region in the market, holding a significant revenue share. As of July 2024, Amazon’s market capitalization is approximately USD 1.899 trillion, solidifying its position as a leading e-commerce retailer with a considerable influence on the American economy. Amazon accounts for nearly 38% of all e-commerce providers, a factor that significantly contributes to the region’s market growth.

Competitive Landscape:

Companies to Establish Warehouses in Various Countries to Meet Increasing Consumer Storage Demands

The companies operating in this market are establishing warehouses in various countries worldwide to enhance the efficiency of goods delivery. This expansion aims to bolster distribution and meet consumer storage demands across different sectors. In February 2021, CEVA Logistics announced its growth in Thailand by opening a new head office in Bangkok to better serve customers throughout the country.

Notable Industry Development:

January 2022: FedEx and Microsoft broadened their partnership to provide a cross-platform “logistics as a service” solution tailored for brands, merchants, and retailers. This solution utilizes FedEx’s shipping within a Microsoft framework. The goal of this initiative was to assist end-users in enhancing their competitiveness in the e-commerce sector, enabling them to more effectively fulfill, ship, and manage customer orders.

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