In 2023, the global eCommerce logistics market is expected to be worth US$ 626.23 billion. It is expected to expand at a 17.8% CAGR to reach US$ 3221.36 billion by 2033. In 2022, the global eCommerce logistics industry was estimated to be worth US$ 531.6 billion.
Several factors influence market growth, including an increase in cross-border eCommerce transactions and the proliferation of eCommerce companies.
The emergence of Supermarket Mini Distribution Facilities is a Critical Component in Market Expansion
Due to the increased need for quick order fulfillment, shippers have relocated storage and manufacturing close to consumers. Many businesses and supermarkets are working on transforming each location into a mini-distribution center. This method aids in the acceleration of the delivery procedure. For example,
When any customer orders a product, it is picked up and delivered by his or her local retailer. This method is fast than having to wait for products to be delivered from a distribution hub.
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Large eCommerce companies have focused on constructing supermarket mini-distribution hubs to expedite product delivery.
- In February 2018, Amazon.com, Inc, an eCommerce company, announced that Prime members in four cities of the United States, namely Austin, Cincinnati, Dallas, and Virginia, could get groceries from Whole Foods Market IP, L.P. delivered for free within two hours of placing an order.
E-commerce logistics to become efficient as increasing supermarkets and retailers begin to operate as micro-distribution centers. This escalates the eCommerce logistics market growth.
The Rise in Cross-border eCommerce is Boosting Market Growth.
Cross-border eCommerce is extremely popular in nations such as the United States, China, Australia, Mexico, and India. China, India, and the EU, for example, are the world’s leading apparel exporters. France and the United States are the leading exporters of cosmetics and personal care products.
Customers’ demand for cross-border eCommerce is increasing as per capita income rises and foreign brands become accessible. As cross-border trade grows, so does the number of trade corridors.
Trade corridors are interconnected transportation networks that enhance trading and encourage economic development. These corridors include integrated infrastructure such as trains and roadways that connect countries.
Logistics is important in cross-border eCommerce since the flow of commodities is dependent on transportation and distribution networks. With the expansion of cross-border eCommerce, eCommerce logistics demand is likely to rise concurrently during the projection period.
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Asia Pacific Outlook for eCommerce Logistics
The eCommerce logistics market in Asia Pacific has been expanding because of the increasing eCommerce industries in developing nations. Between 2023 and 2033, China’s eCommerce market is estimated to expand at a CAGR of 19.6%. Several of China’s leading online retailers include JD.com and Alibaba.com.
Local and foreign eCommerce firms compete for consumer attention and market share in China’s highly competitive sector. New vendors are likely to become interested in the region’s eCommerce logistics business due to its excellent growth prospects.
Key Takeaways:
- North America to acquire a share of 23.5% in the eCommerce logistics industry from 2023 to 2033.
- Europe is estimated to gain a 20.2% eCommerce logistics market share between 2023 and 2033.
- Between 2023 and 2033, the United States might earn a 20.8% eCommerce logistics market share.
- Germany may capture 4.1% of the eCommerce logistics market share between 2023 and 2033.
- During the forecast period, Japan might acquire 6.0% of the eCommerce logistics industry.
- Australia may gain 1.8% of the market share between 2023 and 2033.
- China’s eCommerce logistics industry to record a CAGR of 19.6% from 2023 to 2033.
- India’s eCommerce logistics industry is projected to register a CAGR of 20.8% in forthcoming years.
- The United Kingdom eCommerce logistics market to expand at a CAGR of 18.5% from 2023 to 2033.
- Domestic eCommerce logistics operation segment by the operational area category to acquire a market share of 62.1% during the forecast period.
- The eCommerce logistics for transportation segment by the service type category to gain a market share of 58.8% between 2023 and 2033.
eCommerce Logistics Industry Competitive Insights:
E-commerce logistics manufacturers are investing hugely in research and development to expand product lines that aid in market growth. Market participants are expanding their presence through diverse strategic efforts, such as agreements, mergers and acquisitions, investments, and collaboration.
To expand and compete in a competitive and expanding market climate, eCommerce logistics competitors must provide cost-effective services.
Key Companies Profiled
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
eCommerce Logistics 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
eCommerce Logistics by Operational Area:
- Domestic eCommerce Logistics Operations
- International (Cross Border) eCommerce Logistics Operations
eCommerce Logistics by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Evolutions in the eCommerce Logistics Industry
Acquisition
- The FedEx Corporation Company purchased the eCommerce company ShopRunner in January 2020, which is related to the partner for online shopping.
Partnership
- Singapore Airlines and DHL Corporation formed a relationship in February 2022 to expand their business partnership and enhance logistics opportunities.
Launch
- In January 2022, I-Power announced the debut of new E-commerce logistics in collaboration with Box Harmony. iPower offered $50,000 for a 40% equity stake in the joint venture, with an option to purchase an additional 20%.
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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