Gurugram, India, May 11, 2023 (GLOBE NEWSWIRE) -- Global Ecommerce Logistics Market was valued at around ~$200 Bn in 2022, boosted by the Covid-19 impact as it helped enterprises to address extensive demand is eyeing to become a $1 Tillion industry by 2027. Let’s explore some of the reasons addressing the same.
A vibrant and fast-growing E-commerce ecosystem, aggressive investment in modernizing the infrastructure and the influx of investments is listed as the major factors for the growth in the Global Ecommerce Logistics market. Some of the major companies are FedEx Corporation, DHL International GmbH, Aramex International, Gati Limited, Kenco Group, Inc., Clipper Logistics Plc., Agility Public Warehousing Company, K.S.C.P., XPO Logistics Plc., United Parcel Service, Inc., and CEVA Logistics etc.
1. More than 5 billion people surfing the internet in 2023, an ocean of opportunity awaits for ecommerce logistics industry
- Globally Internet penetration is rising rapidly. As of January 2023, there were 5.16 billion internet users worldwide, which is 64.4 percent of the global population and is projected to rise to almost 7 billion by 2026. This has translated into boost in online shopping orders, which is leading the way for growth in ecommerce logistics industry globally.
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2. China & USA have received the highest amount of funding in e-commerce logistics market
- American businesses including Shipwire, Ohl, Deliverr, Shipbob, Slice, and Deliv have received some of the largest investments in the logistics sector, making them some of the best-funded e-logistics companies in the world. Other areas where US-based businesses excel include newer e-logistics technologies like autonomous/self-driving cars and drone tech delivery, with Nuro alone acquiring US $1B in its Series C Funding.
3. From “Highway” to “High- Speed Internet”, Government investment in Infrastructure is paving the road for growth in Ecommerce logistics industry
- Governments across the world are investing in infrastructure in order to reduce cost and offer better connectivity across the globe. For instance, India is pending around $35 Billion on roads out of which $20 Bn is allotted to NHAI which is 21 % higher than the previous year. Furthermore, over £40 billion will be invested by the UK Government in transformational transport schemes over the next 2 financial years across the country.
Market Taxonomy
By Type of Shipment
- Domestic shipments
- International shipments
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By Time Duration
- Same Day
- 2-4 Days
- More than 4 days
By Mode of transport
- Ground
- Air & Sea
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By Payment Method
- Cash On Delivery
- Online Payment
By Orders
- Accepted Orders
- Rejected Orders
By Region
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- South America
For more insights on the market intelligence, refer to below link:-
Global Ecommerce Logistics Market
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According to Ken Research estimates, the Market Size of South Africa Logistics has shown increasing trend from 2017 to 2022. The South African logistics sector supports the second-largest economy on the continent, and is relatively sophisticated. Local and international companies use South Africa as gateway for their operations into Africa. The logistics operators are making significant investments in automation and digitalization in order to address security concerns, improve loss prevention as well as efficiency. Under National Infrastructure Plan 2050, South Africa will gain from foreign infrastructure investment in Africa which will create friendly logistics system in the country. Delivery by drone is the new trend in supply chain, South Africa’s startup Flying Labs is introducing cargo drone for faster delivery of medical products in the remote parts of South Africa.
According to Ken Research estimates, the Market Size of New Zealand Logistics Market has shown increasing trend from 2017 to 2022. Market Size of New Zealand Logistics is expected to show increasing trend from 2022 to 2027 at CAGR of 3.1%. This is owing to its strategic location, good transport infrastructure and the initiatives taken by the government. its strategic location, good transport infrastructure and the initiatives taken by the government.
According to Ken Research estimates, the Philippines logistics Market – which grew from approximately PHP ~570 Bn in 2017 to approximately PHP ~780 Bn in 2022 – is forecasted to grow further to PHP ~1160 Bn market by 2027F, owing to the increased budget allocation, increasing demand for food, beverages, and manufacturing products in the Philippines. Government of Philippines has made infrastructural development a national priority and has pledged greater funding over the next decade, with oversight of the National Economic Development Authority (NEDA). The top two import sources of the Philippines were China and Japan, with 22.7% and 9.4% import share, respectively.
According to Ken Research estimates, the Malaysia logistics Market – which grew from approximately RM 165 Bn in 2017 to approximately RM 230 Bn in 2022 – is forecasted to grow further into RM 370 Bn opportunity by 2027F, owing to the Increasing demand for food, beverages and manufacturing products in Malaysia. Malaysia has over 100 airfields in the country; however, six international and 16 major domestic airports excel in providing logistic and passenger capacity. In Malaysia, inland ports play an important role in the freight transport system by acting as gateways of trade in Malaysia to manufacturers and producers.
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