The Global E-Commerce Logistics Market size is expected to grow from USD 591636 million in 2022 to USD 667365.41 million by 2030, at a CAGR of 12.80% during the forecast period (2023-2030).
The term "e-commerce logistics" is used to describe a transportation supply chain management system that facilitates the movement of goods and services into the e-commerce space. This includes preparing, implementing and maintaining the physical information and budget required to complete the online transaction and deliver it to the customer.
E-commerce logistics involves various functions, such as order processing, inventory management, warehousing, packaging, transportation, last mile delivery, returns management and these functions need effective communication and integration to ensure that goods are delivered to customers on timely and accurate , as well as efficiently handling returns and exchanges. E-commerce logistics is crucial for the success of online stores and marketplaces as it affects the bottom line, customer loyalty, brand identity value It comes with its own set of challenges, such as handling multiple orders, meeting customer demand for faster delivery, refund policy.
Key Players Covered in The E-Commerce Logistics Market:
· Deutsche Post AG (Germany)
· DHL International GmbH (Germany)
· FedEx Corporation (USA)
· SF Express Co. Ltd. (China)
· Amazon.com Inc. (USA)
· United Parcel Service, Inc. (USA)
· Clipper Logistics Plc. (United Kingdom)
· CEVA Logistics (Switzerland)
· C.H. Robinson Worldwide Inc. (USA)
· Kerry Logistics Network Limited (Hong Kong)
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Market Trend Analysis:
Rise in Cross-Border E-Commerce Operations:
One of the major factors driving the expansion of the e-commerce logistics industry is the rapid growth of e-commerce activities across borders. With the rise of e-commerce across national borders, consumers can now buy products from around the world easily. Cross-border e-commerce has grown as consumers gradually seek out products from foreign markets due to superior quality, uniqueness or affordability.
Increasing Government Investment:
Increasing government expenditure on logistics and transport linkages is a great opportunity for commercial exports. Governments around the world are investing in transportation infrastructure such as roads, railways, ports and airports to make the logistics industry more efficient and effective due to its vital role in trade and finance due to weak development
Increased investment in logistics will enable carriers to implement improved logistics and more efficient logistics solutions and cost-effective for e-commerce companies. Improved logistics can shorten transportation times, reduce shipping costs, and increase shipment efficiency, all of which can help e-commerce service companies for faster shipping, greater customer satisfaction and increased market share
Market Segments:
By Service Type:
· Transportation
· Warehousing
By Operational Area:
· International
· Domestic
By Region:
· North America (US, Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
Regional Analysis:
Compared to other regions, Asia-Pacific has become the dominant region. The region’s explosive smartphone internet penetration has inadvertently increased the demand for online shopping and logistics services. The entry of new e-commerce companies in this segment has contributed to the expansion of the market.
The e-commerce logistics market is expected to grow in the Asia-Pacific region owing to increasing adoption of smartphones. In countries like China, India, South Asian countries, etc., as smartphones become more affordable and accessible to more people, more and more people access the internet and use smartphones to make purchases on online so that e-commerce activities in this area There has been an increase, since an increasing number of consumers prefer to shop online in search of convenience, affordability and a wide variety of options.
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