The global eCommerce logistics market is set to grow from USD 626.23 billion in 2023 to USD 3,221.36 billion by 2033, with a projected CAGR of 17.8%. This rapid expansion follows the 2022 valuation of USD 531.6 billion, driven by technological advancements in logistics. According to New Gen Apps, the integration of mobile technology’s built-in GPS is poised to enhance supply chain tracking capabilities significantly. Furthermore, the combination of GPS with IoT components, such as RFID tags and Automatic Identification and Data Capture (AIDC) technologies, is driving demand for more efficient e-commerce logistics solutions.
Key Takeaways:
- The global e-commerce logistics market is currently valued at USD 531.6 Billion, with a CAGR of 17.8% during the forecast period.
- Transportation service type e-commerce logistics segment to expand at a CAGR of 17.9% during the forecast period.
- In the U.S., the market is predicted to reach USD 748.9 Billion while growing at a CAGR of 17.5% during the forecast period.
- China’s market will grow at a 19.6% CAGR during the forecast period.
- India is set to record a CAGR of 20.8% CAGR during the forecast period.
- Japan is expected to reach a CAGR of 18.5% during the forecast period between 2022 and 2032.
Competitive Landscape
- Pan-African investment firm Janngo Capital led the round. In December 2021, Kamioun, an e-commerce startup company that distributes products worldwide, received a USD400,000 investment. Anava Seed Fund (Flat6labs fund), Dakar Network Angels, existing business angels and new investors participated in the round. The funds will be used to expand the distribution of its products, improve operations and the solution, and add more employees in order to gain a larger customer base.
- ShipMonk acquired Ruby Has Fulfillment, a logistics technology company and former competitor in the online fulfilment sector, in January 2022. Sources say the deal took place in November 2021 for an undisclosed sum. Adding the Canadian market to its network will allow ShipMonk to expand its reach in North America, and the company will also enter the U.K. market, where rival ShipBob has already been operating since March 2021. ShipMonk had also hinted that it plans to open a fulfillment center in continental Europe for quite a while.
List of Key Players Covered in E-commerce Logistics Market are:
- FedEx Corporation
- DHL International GmbH
- Gati Limited
- Aramex International
- Kenco Group, Inc.
- Clipper Logistics Plc.
- XPO Logistics Plc.
- Agility Public Warehousing Company K.S.C.P.
- United Parcel Service, Inc.
- Ceva Holdings LLC
Key Segments
By Service Type:
- eCommerce Logistics for Warehousing
- Mega Centers
- Hubs/Delivery Centers
- Returns Processing Centers
- eCommerce Logistics for Transportation
- Air/Express Delivery
- Freight/Rail
- Trucking/Over Road
- Maritime
- eCommerce Logistics for Other Services
By Operational Area:
- Domestic eCommerce Logistics Operations
- International (Cross Border) eCommerce Logistics Operations
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Report Preview: https://www.futuremarketinsights.com/reports/e-commerce-logistics-market
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