Dublin, March 26, 2024 (GLOBE NEWSWIRE) -- The "Apparel Logistics - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2020 - 2029" report has been added to ResearchAndMarkets.com's offering.
The global apparel logistics market is anticipated to exhibit significant growth, with an expected valuation of USD 191.35 billion by 2029, increasing from its estimated size of USD 138.62 billion in 2024. This notable expansion forecasts a compound annual growth rate (CAGR) of 6.66% during the period of 2024-2029.
Market Growth Driven by Rapid Replenishment Cycles
One of the critical factors propelling the apparel logistics market forward is the industry's swift replenishment cycles. With the need to keep pace with the latest fashion trends and deliver exceptional customer experience, supply chains across retailers and manufacturers are in fierce competition. This has led to apparel businesses facing escalating challenges due to evolving consumer expectations and reshaping fulfillment models.
Shifting Strategies Towards E-commerce and Consumer Engagement
Given the rapid rise in online apparel sales, industry players are increasingly focusing on the expansion of e-commerce, mobile shopping platforms, and customer personalization. Amidst these shifting consumer behaviors, robust website traffic and the surge of fast-fashion retail online platforms indicate a prominent transition to digital marketplaces.
Apparel Market Surge Propelling Logistics Growth
The steady increase in market revenue for the apparel industry emphasizes the role of this sector in logistics growth. With ambitious localization initiatives aimed at younger demographics across diverse regions, the industry's dynamism is intensifying. Notably, prominent sports apparel and footwear brands are moving production to emerging markets in Southeast Asia, which offers promising prospects for transportation and third-party logistics providers.
Apparel Logistics Industry Structure
The apparel logistics market is characterized by a mix of large international entities along with small and medium-sized local companies. Prominent players hold a substantial market share while striving to cater to the market's demands through dedicated divisions for retail and apparel logistics. As e-commerce sales continue to surge, logistics companies confront both opportunities and challenges in storage, delivery speeds, and more. While global logistics entities invest in cutting-edge storage and fulfillment centers to thrive in this scenario, regional and local players are developing tailored solutions to satisfy the requirements of manufacturers and retailers. The witnessed trends and analyzed data reinforce the industry's need for advanced logistics solutions aligned with the rapid pace of fashion and the growing consumer push towards online shopping platforms. The insights presented herein reflect the current state and future potentials within the apparel logistics market, signifying its overall health and increasing significance to both the apparel industry and the broader logistics sector.
A selection of companies mentioned in this report includes
- Ceva Logistics
- DB Schenker
- Deutsche Post DHL Group
- DSV
- Hellmann Worldwide Logistics
- Apparel Logistics Group Inc.
- Logwin AG
- PVS Fulfillment-Service GmbH
- Bollore Logistics
- GAC Group
- Nippon Express
- Genex Logistics
- Expeditors International of Washington Inc.
- Agility Logistics
- BGROUP SRL*
For more information about this report visit https://www.researchandmarkets.com/r/ys973w
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