The global retail logistics market was valued USD 256.73 Billion in 2022 and is anticipated to reach USD 700.57 Billion by 2031, expanding at a CAGR of 11.8% during the forecasted period, between 2023 and 2031. 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.
Retail Logistics Market Trends, Drivers, Restraints, and Opportunities
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Growing developments in logistics infrastructure is expected to fuel the market growth.
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Rising use of logistics in the retail industry, which results in reduced delivery times, lower costs, and improved focus on service delivery are some of the major factors spurring the market growth.
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Growing global trade activities mainly in the emerging countries along with increased developments in the logistics infrastructure are the prime factors expected to boost the retail logistics market growth in near future.
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Intense competition among international retailers majorly focusing in establishing the new plants and stores in developing nations and new last-mile delivery method in the retail e-commerce market are some of the factors propelling the market growth for retail logistics.
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Manufacturing or retailing companies majorly relies on the reliability, and competency of logistics service providers that can create lack of direct control and uniform governance standards in logistics services, which is expected to restrict the market growth.
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Increased investments in logistics infrastructure in developing nations and growing use of AI in logistics services and usage of multimodal transportation are the prominent factors projected to create lucrative growth opportunities for the retail logistics market.
Scope of Retail Logistics Market Report
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.
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Attributes
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Details
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Report Title
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Global Retail Logistics Market - Industry Analysis, Size, Share, Growth, Trends And Forecast
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Base Year
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2022
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Historic Data
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2016 to 2021
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Forecast Period
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2023-2031
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Segmentation
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Types (Conventional and E-commerce), Solution (Commerce Enablement, Supply Chain Solutions, Transportation Management, and Others), Mode of Transport (Roadways, Railways, Waterways, and Airways)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Key Players Covered in the Report
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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
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Retail Logistics Market Segment Insights
E-commerce segment to exhibit a high CAGR
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.
Supply chain solutions segment to account a major market share
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.
Roadways segment to dominate the market
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.
Asia Pacific is estimated to account a significant market share
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
By Types
By Solutions
- Commerce Enablement
- Supply Chain Solutions
- Reverse logistics & liquidation
- Transportation Management
- Others
By Mode of Transport
- Roadways
- Railways
- Waterways
- Airways
By Regions
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
By Key Players
- 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
- A.P. Moller – Maersk
Competitive Landscape
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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