The North American e-commerce logistics market is anticipated to grow at a CAGR of 13.8% during the forecast period (2021-2027). The key companies across the region are highly inclined towards the adoption of different growth strategies including capacity expansion, mergers and acquisitions, geographical expansion, new technological development, launches of software, and innovation in existing websites to remain competitive in the marketplace. For instance, in 2019, Amazon has unveiled its Prime Air drone delivery system, the company is aiming to reduce the delivery time of the products by using AI-based drone delivery systems which it has designed and built in-house. And in February 2021, Kuehne + Nagel International AG, a transportation company, has acquired Apex International Corp. for around $1.5 billion.
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In November 2018, CEVA Logistics AG has announced the partnership with CMA CGM. The acquisition was done for around $105 million. This acquisition is done using CMA CGM’s freight management activities. The CEVA’s strategies behind the acquisition were including the target revenue for 2021 above $9 billion, a stronger footprint in ocean freight management, and build a strong relationship with CMA CGM. Apart from it, in March 2021, DHL International GmbH has released a whitepaper ” The Ultimate B2B E-commerce Guide: Tradition is out. Digital is in”. This study has predicted that the B2B e-commerce market will grow by 80% by 2025. In January 2021, TFI International Inc., a transportation and logistics industry, has announced the acquisition of UPS Freight, the less-than-truckload (LTL), and dedicated truckload (TL) divisions of United Parcel Service, Inc., for around $800 million. This acquisition of the segment has been added as TForce Freight to the TFI International Inc. However, the company’s initiatives for the development of the e-commerce logistics market in the region such as mergers and acquisitions, partnerships, collaborations, new services, and others are driving the growth of the market during the forecast period.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
Segment Covered-
· By Type
· By Indication
· By Application
· By End-User
· Competitive Landscape- TFI International Inc. (UPS), FedEx Corp, DHL International GmbH, A-1 International Inc, ABF Freight System Inc., Intelcom Express, ShipBob Inc., CEVA Logistics AG, Belgian Postal Group (Bpost), among others
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North American E-Commerce Logistics Market Report Segment
By Services
· Transportation Services
· Warehousing Services
· Other E-Commerce Logistics Services
By Product
· Baby Products
· Personal Care Products
· Books
· Home Furnishing Products
· Apparel Products
· Electronics Products
· Automotive Products
· Others
By Location
· International
· Local
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
