SAN FRANCISCO, Aug. 25, 2022 /PRNewswire/ -- The global e-commerce logistics market size is anticipated to reach USD 1,396.56 billion by 2030, according to the new report by Grand View Research, Inc. The market is expected to witness a CAGR of 20.4% from 2022 to 2030. E-commerce logistics refers to various processes such as warehousing, transportation, inventory management, labeling and packaging, invoicing, shipping, etc. Due to the continuing growth in demand for e-commerce services, there has been a subsequent rise in demand for e-commerce logistics.
Key Industry Insights & Findings from the report:
- E-commerce logistics is gaining traction owing to the impressive growth trend of e-commerce across the globe.
- Transportation segment dominated the market in 2021 with a revenue share of about 70%. Roadways was the most used mode of transportation in e-commerce logistics. Hubs/ delivery centers are expected to be the fastest growing warehouse type during the forecast year.
- Forward logistics type segment contributed to more than half of the market share in 2021 and is expected to continue its domination of the market during the forecast period.
- 3PL logistics model held the largest share in the e-commerce logistics market followed by 4PL. 3PL is also expected to be the fastest-growing segment during the forecast period.
- The domestic operations held the largest share in 2021 at about 74%. However, the international operations are expected to grow at a CAGR of 23.0% during the forecast period.
- Apparels vertical segment held the largest market share in the e-commerce logistics market. The food and beverage vertical is also expected to be the fastest growing segment with a CAGR of 23.2% during the forecast period.
- Asia Pacific is expected to be the fastest growing region during the forecast period of 2022 to 2030. China, India, and Japan are the market leaders in the region.
Read 120-page full market research report for more Insights, "E-commerce Logistics Market Size, Share & Trends Analysis Report By Service Type (Transportation, Warehousing), By Type (Forward, Reverse), By Model (3PL, 4PL), By Operation, By Vertical, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.
E-commerce Logistics Market Growth & Trends
E-commerce sales have been expanding considerably, nearly doubling their share in global retail sales in the past five years. The market shares of e-commerce sales increased from 15.6% of total retail sales in 2017 to 31.8% of the total retail sales in 2020. Moreover, the retail market especially e-commerce retailing is getting highly competitive. Amazon and Walmart are the top e-commerce retailers. In 2020, Amazon surpassed Walmart to be the largest retailer in the U.S. Amazon's online sales represent 14.1% of the total online sales in the U.S.
Due to the pandemic and its subsequent outcomes such as social distancing, lockdowns, and closure of physical shopping outlets across the globe, consumers shifted to e-commerce for their daily needs. Most commonly bought products on e-commerce platforms are food, furnishings, appliances, apparel, and electronic gadgets. The e-commerce trade volume is continually expanding owing to the rise in the global per capita income and the convenience offered by the e-commerce platforms with home-delivery of the goods.
The adoption of technologies such as blockchain, bar code technology, Electronic Data Interchange (EDI), and Radio Frequency Identification Technology (RFID) in e-commerce logistics is improving the efficiency and reliability of e-commerce logistics operations. Technologies such as RFID, Global Positioning Systems (GPS), and Global Information Systems (GIS) have facilitated the tracking of shipments in real-time. This factor has contributed to the increased confidence in logistics service providers.
The e-commerce logistics market is anticipated to expand exponentially over the forecast period due to factors such as rising smartphone penetration, drone deliveries, greater digitization, language diversity of e-commerce platforms, and the rise of digital payment methods such as smart cards, e-wallets, and net banking.
Moreover, the adoption of regional languages has fueled the growth of e-commerce platforms. For instance, the adoption of regional languages such as Marathi, Punjabi, and Hindi by Amazon.com for its e-commerce platform in India has significantly improved the consumer base of the company. In addition, the Amazon e-commerce platform is available in Spanish and Catalan in Spain. Similarly, the company has introduced regional languages for its mobile application and website to cater to a larger audience. Market players are looking to expand their geographical presence by undertaking mergers and acquisitions.
For instance, in August 2021, DSV Panalpina announced the acquisition of Agility Logistics' Global Integrated Logistics (GIL) Business. After the acquisition, DSV Panalpina is expected to become one of the top three freight forwarding companies, with combined revenue of roughly USD 26 billion. After the sale, Agility Logistics will also become a member of DSV'S board of directors. The transaction has an enterprise value of USD 4.77 billion and an equity value of USD 4.67 billion. The acquisition will enable DSV to expand its footprint in more countries and also expand its service offerings.
E-commerce Logistics Market Segmentation
Grand View Research has segmented the global e-commerce logistics market based on service type, type, logistics model, operation, vertical, and region
E-commerce Logistics Market - Service Type Outlook (Revenue, USD Million, 2017 - 2030)
- Transportation
- Airways
- Railways
- Roadways
- Waterways
- Warehousing
- Mega Centers
- Hubs/Delivery Centers
- Returns Processing Centers
- Others
E-commerce Logistics Market - Type Outlook (Revenue, USD Million, 2017 - 2030)
- Forward Logistics
- Reverse Logistics
E-commerce Logistics Market - Model Outlook (Revenue, USD Million, 2017 - 2030)
- 3PL
- 4PL
- Others
E-commerce Logistics Market - Operation Outlook (Revenue, USD Million, 2017 - 2030)
- Domestic
- International
E-commerce Logistics Market - Vertical Outlook (Revenue, USD Million, 2017 - 2030)
- Apparels
- Consumer Electronics
- Automotive
- Healthcare
- Food and Beverage
- Others
E-commerce Logistics Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- South America
- Brazil
- Middle East & Africa
List of Key Players in the E-commerce Logistics Market
- FedEx Corporation
- DHL International GmbH
- Aramex International
- XPO Logistics Plc.
- United Parcel Service, Inc.
- Gati Limited
- Kenco Group, Inc.
- Clipper Logistics Plc.
- Agility Public Warehousing Company K.S.C.P.
- CEVA Logistics
Check out more related studies published by Grand View Research:
- E-commerce Market - The global e-commerce market size is anticipated to reach USD 27.15 trillion by 2027, expanding at a CAGR of 14.7% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. The significant traction achieved by the e-commerce industry over the past years is a testimony to how the internet has transformed the way people sell and buy goods and services. Several factors including increasing penetration of smartphones, access to high-speed internet, rising disposable incomes, and growing user base of social media platforms have helped the electronic commerce industry gain increased popularity across the globe over the years. Furthermore, banks and other players of the market have completely changed the shopping experience for customers by ensuring a safe and secured online platform to pay easily via payments gateway.
- E-commerce Fulfillment Services Market - The global e-commerce fulfillment services market size is anticipated to reach USD 198.62 billion by 2030, growing at a CAGR of 9.5% over the forecast period, according to a new report by Grand View Research, Inc. The rapid penetration of internet services and a resultant rise in the number of online shoppers is the major factor driving the demand for e-commerce fulfillment services worldwide. Consumer expectations with regards to delivery time, shipping speed, and associated costs are changing rapidly. As per the GVR analysis, the major reason for consumers abandoning online shopping carts include delayed shipping. Therefore, established merchants, such as Amazon.com, Inc., have started delivering orders in the shortest turnaround time, in some cases within an hour across large cities.
- Japan Cross-border E-commerce Market - The Japan cross-border e-commerce market size is expected to reach USD 5.74 billion by 2030, expanding at a CAGR of 7.5% from 2020 to 2030, according to a study conducted by Grand View Research, Inc. The significant traction achieved by the e-commerce industry over the past years is a testimony to how the internet has transformed the way goods and services are traded in the market. Several factors, including the increasing penetration of smartphones, access to high-speed internet, rising disposable incomes, and the growing user base of social media platforms, have helped the e-commerce industry gain increasing popularity across the globe over the years. Furthermore, by ensuring a safe and secured online platform to pay easily via payments gateway, banks and other market players have completely changed the shopping experience for customers.
Browse through Grand View Research's Communications Infrastructure Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com
Grand View Compass | Astra ESG Solutions
Follow Us: LinkedIn | Twitter
Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg
SOURCE Grand View Research, Inc.
![](https://rt.prnewswire.com/rt.gif?NewsItemId=IO54779&Transmission_Id=202208250900PR_NEWS_USPR_____IO54779&DateId=20220825)
Share this article