RETAIL LOGISTICS MARKET: OVERVIEW
The Retail Logistics Market was valued at USD 224.51 Bn in 2021, the market is projected to grow USD 388.63 Bn in 2030, at a CAGR of 12.6%.
The planned process of managing the movement of goods from the source of supply to the point of delivery to the customer appears to be retail logistics. Large shops in the market provide a wide range of goods, necessitating careful planning of the movement of many items until they are supplied to the customer. Retail logistics makes sure everything is in order and that better delivery services are offered at much lower prices by using effective logistics services.
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There are many different manufacturers, wholesalers, and distributors whose products are sold. This has necessitated methodically planning the transportation of various commodities up until delivery to the client or consumer. Retail logistics helps ensure sure everything is set up to give better delivery and service at reduced costs by utilizing effective logistics and added value.
The outbreak of COVID-19 has impacted severely on the logistics and supply chain of the retail industry. The retail logistics market has been negatively impacted by COVID-19 as a result of a severe decline in business activity and shopping. One of the initial measures taken by some governments to decrease the risk of epidemic spread was to shut down every shop and manufacturing plants, which had the unintended consequence of significantly lowering sales and subsequently lowering consumer confidence. Trade and travel are anticipated to restart in a limited capacity with the adoption of government directives, offering a good outlook for retail logistics over the projection period.
RETAIL LOGISTICS MARKET: TREND
Rising Utilization Of multimodal transportation
Multimodal transportation is becoming more and more popular due to its numerous benefits, including less regulatory limitations, speedier freight processing, and lower per-vehicle expenses. One of the key industry trends is the increase in the usage of several forms of transportation, including trains, trucks, ships, and airplanes.
RETAIL LOGISTICS MARKET: DRIVERS
Increasing Overseas Trade Propel Market Growth
Demand for retail logistics is increasing as a result of growing international commerce operations, particularly in emerging countries. It is projected that the expansion of the logistical infrastructure will quicken market expansion. The retail logistics system enables a smooth and efficient movement of non-durable and durable goods from several esteemed distributors and suppliers to customers. Additionally, speedy product delivery at low fulfilment costs has been made possible by the retail sector's use of logistics.
Increasing E-Commerce Sector Drive Market Growth
One of the main factors influencing the retail logistics business is the e-commerce industry's rapid expansion. The urbanization, more disposable income, and changing customer preferences are only a few of the elements that have contributed to the e-commerce market's tremendous growth in recent years. Today's customers demand that their essentials get at their doorsteps quickly, which raises the need for efficient logistics services to satisfy this demand.
Global Retail Logistics Market Report Coverage
|Market Size in 2021:||USD 224.51 Billion|
|Forecast Period 2021-2030 CAGR:||12.6%|
|2030 Value Projection:||USD 388.63 Billion|
|Historical Data for:||2017-2020|
|No. of Pages:||210|
|Tables, Charts & Figures:||118|
|Segments covered:||COVID-19 Impact Analysis Report, By Type,|
|Companies Covered:||A.P. Moller – Maersk, APL Logistics Ltd, C.H. Robinson Worldwide Inc., DHL International GmbH, DSV, CJ Logistics Corporation, Schenker AG, FedEx, Kuehne + Nagel International, Nippon Express, Schneider, IBM Corporation, United Parcel Service Inc., XPO Logistics, Inc.|
|Growth Drivers:||1)The Global Retail Logistics Market is segmented by Type, Solution, Mode of Transportation, and Region 2)Based on the Region, the Global Retail Logistics Market|
|Pitfalls & Challenges:||COVID-19 has the potential to impact the global market|
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RETAIL LOGISTICS MARKET: RESTRAIN
Limited Transportation Infrastructure Is Impeding Market Demand
Inadequate infrastructure in the supply chain for retail logistics and production. Both large firms and rapidly growing brands find it incredibly difficult to allocate their budgets and inventories. Due to the inherent gap between sets of data, it is quite challenging to have a complete picture of order issues, inventory levels, and warehouse KPIs (to name a few) across your network. Without a connected system, you are left with a fragmented view of operations, which makes future planning exceedingly difficult.
The Global Retail Logistics Market is segmented by Type, Solution, Mode of Transportation, and Region. Based on the Type, the market is categorized into Conventional Retail Logistics, E-Commerce Retail Logistics. Based on Solution, the market is categorized into E-Commerce Enablement, Supply Chain Solutions, Reverse Logistics & Liquidation, Transportation Management, Others. Based on Mode of Transport, the market is categorized into Roadways, Railways, Airways and Waterways. Based on the Region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Based on the solution segment, the global retail logistics market is categorized into commerce enablement, supply chain solutions, reverse logistics & liquidation, transportation management, others. By personalizing kitting and order fulfilment, ensuring on-time delivery, and streamlining Omni channel operations, the supply chain solutions segment has dominated the market share of the global retail logistics industry in 2020. Fast direct-to-consumer and direct-to-store delivery are also made possible by it, which raises warehouse productivity and inventory management.
Mode of Transport Insights
Based on the mode of transport segment, the global retail logistics market is categorized into roadways, railways, airways, waterways. Due to the growing demand for roadway vehicles to transport retail goods over long distances, particularly in domestic regions, the highways sector will have a lion's share of the worldwide retail logistics market in 2020. When choosing road transportation, retail enterprises should choose vehicles and cargos with significant carrying capacities. There are many government initiatives to promote growth. For instance, to increase the safety of truck drivers, recent regulations from the Federal Motor Carrier Safety Administration urge the use of cameras instead of rearview mirrors.
MARKET SEGMENTATION: BY REGION
Based on the Region, the Global Retail Logistics Market is categorized into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
North America region is dominating the market share of global retail logistics market owing to the presence of numerous well-known players, including C.H. Robinson Worldwide, Inc., FedEx, as well as XPO Logistics, Inc., United Parcel Service of America, Inc., and United States Postal Service, Inc., is assisting in the expansion of the regional market. Increasing penetration of unmanned vehicle drones favoring the growth in this region.
However, Asia Pacific region is anticipated to grow over the next few years of global retail logistics market owing to large consumer base and has seen a huge increase in personal e-commerce use. Among the top exporters of goods, China, Japan, Australia, and India account for a sizeable portion of global retail e-commerce sales. The region's bright potential for e-commerce growth are the main forces behind the expansion of the regional market. For instance, as part of the Indian Government's Logistics Efficiency Enhancement Program, the Ministry of Road Transport & Highways (MoRTH) is creating multimodal logistics parks to address the country's undeveloped road and material handling infrastructure (LEEP).
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RETAIL LOGISTICS MARKET: KEY PLAYERS
- A.P. Moller - Maersk
- APL Logistics Ltd
- C.H. Robinson Worldwide, Inc.
- DHL International GmbH
- CJ Logistics Corporation
- Schenker AG
- Kuehne + Nagel International
- Nippon Express
- IBM Corporation
- United Parcel Service, Inc.
- XPO Logistics, Inc.
RETAIL LOGISTICS MARKET: RECENT DEVELOPMENT
- April 2020- FedEx collaborated with BigCommerce to provide small and medium-sized businesses access to online sales, connectivity, and delivery and clients may now easily and affordably employ FedEx shipping services on the company's current platform.
RETAIL LOGISTICS MARKET: REPORT OVERVIEW
The scope of the report includes a detailed study of regional markets for Global Retail Logistics Market. The Global Retail Logistics Market is segmented by Type, Solution, Mode of Transportation, and Region. It reveals the market situation and future forecast. The study also covers the significant data presented with the help of graphs and tables. The report covers information regarding the competitive outlook including the market share and company profiles of the key participants operating in the Global Retail Logistics Market.
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