Retail Logistics Market Size to Reach USD 994.29 Billion at a CAGR of 7% by 2032 | Reports and Data
rising demand for fast and reliable logistics services, growth of e-commerce businesses, and expansion of air cargo infrastructure.
The global Retail Logistics Market size was USD 540.83 Billion in 2022 and is expected to register a
revenue CAGR of 7% over the forecast period, according to the latest report by
Reports and Data.
The retail logistics industry has been significantly impacted by the
COVID-19 pandemic, with disruptions in supply chain and transportation causing
delays. Due to increased demand for necessities and the closure of physical
stores, logistics and supply chain systems are facing unprecedented stress. The
pandemic has also led to a surge in demand for home delivery services and
e-commerce, resulting in increased demand for logistics and supply chain
services in the retail sector. Additionally, market revenue growth is being
driven by the adoption of advanced technology, the need for sustainable
logistics solutions, efficient last-mile delivery, and cross-border logistics
solutions, as well as the growth of e-commerce trends.
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Top Lading Players: Amazon,
United Parcel Service (UPS), FedEx Corporation, DHL International GmbH, XPO
Logistics, Inc., Kuehne + Nagel International AG, Damco, CEVA Logistics, TNT
Holdings B.V., and J.B. Hunt Transport Services, Inc.
Some Key Highlights from the Report:
·
During the forecast period, conventional retail logistics is expected to
generate the largest portion of revenue. This is due to the growing number of
retail establishments, higher disposable incomes, and an increasing demand for
fast-moving consumer goods. The conventional retail logistics chain includes
retailers, wholesalers, and logistics service providers. It involves various
stages, including procurement, transportation, storage, and delivery, all of
which are streamlined to ensure speedy and efficient delivery of products to
physical stores.
·
During the forecast period, the rail transportation segment is expected
to hold a significant portion of the revenue share. This is mainly attributed
to the growing demand for eco-friendly transportation options, the escalating
cost of fuel, and the necessity for dependable and economical logistics
services. Rail transport is a highly efficient method for transporting freight
over long distances, and major players in this market include railway
operators, logistics service providers, and merchants.
·
The North American market is expected to have the highest revenue share
over the forecast period, primarily due to the rise in e-commerce usage and
technological advancements. There is a growing demand for retail logistics
services that provide same-day delivery and faster shipping options, leading to
an increase in market demand. To optimize their operations and reduce expenses,
the logistics industry is integrating cutting-edge technologies like Artificial
Intelligence (AI), Machine Learning (ML), and blockchain to adapt to the
evolving needs of the retail market.
Segments covered
in the report:
Type Outlook
(Revenue, USD Billion; 2022 - 2032)
- Conventional Retail Logistics
- E-Commerce Retail Logistics
Solution Outlook
(Revenue, USD Billion; 2022 - 2032)
- Commerce Enablement
- Supply Chain Solutions
- Reverse Logistics & Liquidation
- Transportation Management
- Others
Mode of Transport
Outlook (Revenue, USD
Billion; 2022-2032)
- Railways
- Airways
- Roadways
- Waterways
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Regional Outlook:
·
North
America (U.S.A., Canada, Mexico)
·
Europe (Italy,
U.K., Germany, France, Rest of Europe)
·
Asia
Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
·
Latin America (Chile,
Brazil, Argentina, Peru, Rest of Latin America)
·
Middle East &
Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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