The global E-Commerce logistics market accounted for US$ 845Bn in 2020 with a considerable CAGR of 20% during the forecast period of 2021 to 2028.
E-commerce is growing and will continue to develop for decades as a result of birth of a new business model.With such a big number of businesses engaging in E-commerce, logistics has been heavily influenced in the background. The logistics of internet sales are referred to as e-commerce logistics. The activities involved in keeping and shipping inventory for an online store or marketplace, such as inventory management and picking, packaging, and shipping of online orders, are referred to as e-commerce logistics. E-commerce logistics begin with the movement of inventory from manufacturer and continues until it reaches the final destination of the end customer.
|Market||E-Commerce Logistics Market|
|Market Size 2020||US$845 Bn|
|Market Forecast 2028||US $3,606 Bn|
|CAGR||20 % During 2021 - 2028|
|Analysis Period||2017 - 2028|
|Forecast Data||2021 - 2028|
|Segments Covered||By Service Type, By Operational Area and By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||
FedEx Corporation,XPO Logistics, Inc., DHL International GmbH, Agility Public Warehousing Company K.S.C.P., Ceva, Holdings LLC,Gati Limited, United Parcel Service, Inc., Clipper Logistics Plc., Kenco Group, Inc., Aramex International and Others.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
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Over the forecast years, the e-commerce logistics market is predicted to be driven by increased cross-border e-commerce activity and the growth of e-commerce startups. Logistics has evolved dramatically in recent decades as a result of the rapid growth and widespread influence of E-commerce. Internet of Things (IoT), Big Data Analytics, and Cloud Computing are three future technologies that will enable smooth operations of e-commerce. These technologies may be able to improve and turn e-commerce logistics into more widespread deployment, allowing small and medium-sized businesses (SMEs) to benefit from the e-commerce age.
The e-commerce logistics market is segmented into service type and operational area type.
Market by Service Type
Based on the service type, the warehousing division consists of returns processing centers hubs, delivery centers, and mega centers, whereas the transportation division is divided into trucking/over the road, air/express delivery, rail, and maritime. The transportation segment dominated the market in 2020, due to the increasing domestic and international customers in the e-commerce sector and the popularity of fast home delivery services. Moreover, increasing demand for online grocery and goods products is driving the transportation segment over the e-commerce logistics market.
Market by Operational Area
Based on the operational area, the domestic segment holds the largest market share in 2020. The trend of online shopping and the rising popularity of home delivery services and daily household users have attributed to the growth of the domestic e-commerce logistics market. The presence of international marketplace players such as Amazon, eBay, Alibaba, and others are made the domestic e-commerce sector highly competitive. Moreover, the convenience offered by such companies makes it popular amongst domestic’s users.
E-Commerce Logistics Market Regional Overview
Middle East & Africa
The Asia Pacific dominated the e-commerce logistics market in 2020 with more than 27% share of the global market. The region is projectedto continue it’s long-run over the forecast period due to growing e-commerce business in the region and huge consumer demand for retail from domestic and international markets. Moreover, rising online shopping and cohesive government policies with increasing penetration of smartphones and the internet and emerging cross-border e-commerce market are propelling the e-commerce logistics market in the Asia Pacific region. In terms of adoption of technology, particularly in regards to e-commerce and growing middle-class income population in the region becoming accustomed to e-commerce is furthering the demand for door-to-door services and modern logistics facilities, thereby driving the e-commerce logistics market. Countries such as China, India, and Japan are leading the e-commerce market in this region. In China, JingDong is the largest E-commerce company with 166 big warehouses in 44 cities and 7 logistics centers as its supply network to cover the whole country. Also, there are various logistics services provided by JingDong, such as the 211 programs, next-day delivery, and 3 hours delivery. This increases the growth of the e-commerce logistic market in China.
Some major players covered in the market are FedEx Corporation,XPO Logistics, Inc., DHL International GmbH, Agility Public Warehousing Company K.S.C.P., Ceva, Holdings LLC,Gati Limited, United Parcel Service, Inc., Clipper Logistics Plc., Kenco Group, Inc., Aramex International and Others.
The estimated value of global E-Commerce Logistics market in 2020 was accounted to be US$845Bn
The projected CAGR of E-Commerce Logistics during the analysis period of 2021 to 2028 is 20%.
The prominent players of the global E-Commerce Logistics marketinvolve XPO Logistics, Inc., FedEx Corporation, Agility Public Warehousing Company K.S.C.P., DHL International GmbH, Gati Limited, Ceva, Holdings LLC, United Parcel Service, Inc., Kenco Group, Inc., Clipper Logistics Plc., Aramex International and Others.
Asia Pacific held the dominating share for E-Commerce Logistics during the analysis period of 2021 to 2028
North America region exhibited fastest growing CAGR for E-Commerce Logistics during the analysis period of 2021 to 2028
Growing investment in logistics and warehouses and rising the adoption of advance technologies such as mobiles and internet are the prominent factors that fuel the growth of global E-Commerce Logistics market
Based on Service Type, Transportation segment held the maximum share for E-Commerce Logistics market in 2020