Global E-Commerce Logistics Market is estimated to grow $274 billion in 2027 from $139 billion in 2020, growing at a CAGR of 9.8% during the forecast period (2021-2027). Expansion of the e-commerce industry, technological advances in e-commerce logistics, and the rising number of new players in the e-commerce logistics industry are some major factors contributing to the growth of the market. The e-commerce industry has been experiencing potential growth across the globe owing to rapid urbanization and internet penetration, which is positively influencing the global e-commerce logistics market. Technological advancement in the e-commerce logistics market is expected to be one of the motivators for the market. E-commerce companies have to deal with the thousands of parcels that have to be delivered at different locations. Performing this manually is tedious and time-consuming and there is the possibility of error as well. Hence, companies are introducing the automated logistic program to remove errors while delivering the product.
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Growing Demand for E-Commerce Logistics Market
Most of the countries in North America and Europe have great GDP along with infrastructure spending growth which is growing at a significant rate owing to which companies can control the supply chain very well. Whereas, in Asia-Pacific, consumer spending is increasing steadily and is very promising owing to increasing disposable income in the region. In such scenarios, the e-commerce companies have a good opportunity and scope to acquire or merge with controlled subsidiaries or other companies of their supply chain’s part to cater to the rising demand of the consumers.
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Scope of the Global E-Commerce Logistics Market
Market Coverage
- The market number available – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- By Revenue, By Unit Shipments
- Regions Covered- North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World
- Competitive Landscape- Blue Dart, ECOM Express, FedEx Corporation, GSI Logistics Pvt. Ltd., Radial Inc.
Recent Strategic Initiatives in the Global E-Commerce Logistics Market
- In August 2019, Australian post announced for FY19 record group revenue of $ 6,990 million, up to 2%, and a profit before tax of $41 million. The company earned over $4 billion in parcels & services in FY19 that representing 68% of total revenue. The business has changed from primarily providing community service to operating in a competitive market.
- In March 2018, Blue Dart Express Ltd. collaborated with Vakrangee through its subsidiary Vakrangee Logistics (VLPL) for offering last-mile courier and logistics services to the Citizens on a PAN India basis. With this agreement, the company has successfully expanded its services through Vakrangee Kendras.
Global E-Commerce Logistics Market -Segmentation
By Revenue
Services
- Transportation Services
- Warehousing Services
- Other E-Commerce Logistics Services
Product
- Baby Products
- Personal Care Products
- Books
- Home Furnishing Products
- Apparel Products
- Electronics Products
- Automotive Products
- Others
Locations
- International
- Local
- Urban
- Semi-Urban
- Rural
By Unit Shipments
Services
- Transportation Services
- Warehousing Services
- Other E-Commerce Logistics Services
Product
- Baby Products
- Personal Care Products
- Books
- Home Furnishing Products
- Apparel Products
- Electronics Products
- Automotive Products
- Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)