The global retail logistics market was valued 205.44 billion in 2020 and is anticipated to reach USD 498.34 billion by 2028, expanding at a CAGR of 11.8% during the forecasted period, between 2021 and 2028. Retail logistics can be referred to as well managed instrumental process for the flow of goods or products from the source of supply to the customers. The system ensures smooth delivery of products to the customers by effective movement of logistics such as right time and place.
The COVID-19 pandemic crisis severely damaged economies of the world, simultaneously hindered the transportation and logistics industries across the globe. Stringent and restrictive containment measures including social distancing disrupted the supply chain of transportation and logistics resources. The pandemic caused imbalance in supply demand order and shortage of staff led to severe loss to retail industries, which created imbalance between import and export from infected areas and to tackle this situation, retail logistics companies have taken a step to start short term storage services, which can positively effect in post COVID recovery time.
The report on global retail logistics market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes | Details |
Report Title | Global Retail Logistics Market - Industry Analysis, Size, Share, Growth, Trends And Forecast |
Base Year | 2020 |
Historic Data | 2016 to 2019 |
Forecast Period | 2021-2028 |
Segmentation | Types (Conventional and E-commerce), Solution (Commerce Enablement, Supply Chain Solutions, Transportation Management, and Others), Mode of Transport (Roadways, Railways, Waterways, and Airways) |
Regional Scope | Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
Report Coverage | Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
Key Players Covered in the Report | FedEx, XPO Logistics, Inc.; DSV; Kuehne + Nagel International; C.H. Robinson Worldwide, Inc, APL Logistics Ltd, DHL International GmbH, Nippon Express, Schneider, United Parcel Service, and A.P. Moller – Maersk |
Based on types, the market can be bifurcated into conventional and e-commerce. The conventional segment dominant the market with around 55% market share in 2020 due to the adoption of conventional methods of logistics services by customers. While the e-commerce segment is expected to expand at a high CAGR during the forecast period in the near future owing to the increased Internet penetration due to Covid 19 pandemic along with benefits such as reduced prices, faster delivery, and variety of options in products.
On the basis of solutions, the global retail logistics market can be segmented into commerce enablement, supply chain solutions, reverse logistics & liquidation, transportation management and others. The supply chain solutions segment held a prominent position in 2020 with more than 30% market share and is projected to keep the dominance during the forecasted period. Moreover, the reverse logistics & liquidation segment is expected to emerge as a high growing segment with a considerable CAGR during the forecast period due to increased use of cloud-based supply chain solutions.
In terms of mode of transport, the market can be segregated into roadways, railways, waterways, and airways. The roadways segment dominated the market owing to favourable government initiatives and regulations along with increased demand for roadway vehicles in long distance transportation for all retail products.
Based on regions, the global retail logistics market can be classified as North America Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific held a large revenue share accounting for approximately 25% in 2020 and is expected to dominate the market during the forecasted period owing to the rising investments in the transportation sector and rapid growth of e-commerce along with the large customer base in emerging countries.
Segments covered in the Report
By Types
By Solutions
By Mode of Transport
By Regions
By Key Players
The major players in the global retail logistics market are FedEx, XPO Logistics, Inc.; DSV; Kuehne + Nagel International; C.H. Robinson Worldwide, Inc, APL Logistics Ltd, DHL International GmbH, Nippon Express, Schneider, United Parcel Service, and A.P. Moller – Maersk.
In December 2020, FedEx signed an agreement to acquire ShopRunner, an e-commerce platform, which enables FedEx to use ShopRunner’s e-commerce capabilities leading to its improved e-commerce portfolio and increase customer base.
In April 2020, FedEx partnered with BigCommerce Pty. Ltd., aiming to help small and medium businesses run on e-commerce and deliver and also offers customers affordable and easy access to FedEx shipping services.
Segments covered in the Report
By Types
By Solutions
By Mode of Transport
By Regions
By Key Players
The major players in the global retail logistics market are FedEx, XPO Logistics, Inc.; DSV; Kuehne + Nagel International; C.H. Robinson Worldwide, Inc, APL Logistics Ltd, DHL International GmbH, Nippon Express, Schneider, United Parcel Service, and A.P. Moller – Maersk.
In December 2020, FedEx signed an agreement to acquire ShopRunner, an e-commerce platform, which enables FedEx to use ShopRunner’s e-commerce capabilities leading to its improved e-commerce portfolio and increase customer base.
In April 2020, FedEx partnered with BigCommerce Pty. Ltd., aiming to help small and medium businesses run on e-commerce and deliver and also offers customers affordable and easy access to FedEx shipping services.
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