Dublin, Aug. 04, 2023 (GLOBE NEWSWIRE) -- The "North America E-commerce Fulfillment Services Market Size, Share, & Trends Analysis Report By Service Type (Warehousing & Storage, Bundling, Shipping), By Application, By Sales Channel, By Organization Size, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The North America e-commerce fulfillment services market is poised for remarkable growth, with projections indicating a size of USD 65.35 billion by 2030, expanding at an impressive compound annual growth rate (CAGR) of 13.9%.
The rapid rise in smartphone ownership has revolutionized consumer behavior, granting them access to marketplaces and the ability to shop remotely. As a result, there has been a substantial surge in e-commerce sales, spanning various product categories, such as pharmaceuticals, clothing & footwear, and consumer electronics.
To meet the demands of consumers expecting quick and hassle-free delivery, e-commerce fulfillment services play a crucial role. The demand for micro warehouses with a broad geographical presence has increased, enabling shorter delivery periods and ensuring efficient picking and packaging.
Moreover, automated packaging and labeling systems employed in fulfillment centers expedite the delivery process significantly. The growing popularity of e-commerce has led to an influx of start-ups and small businesses globally, driving the reliance on third-party fulfillment service providers to support their operations. With such favorable market dynamics, the North America e-commerce fulfillment services market is on track for robust expansion in the coming years.
The service providers such as ShipBob, Inc.; ShipRocket; and Red Stag Fulfillment are now offering a full spectrum of e-commerce fulfillment services such as picking, packing, warehousing, shipping, and reverse logistics. As a result, the emergence of new enterprises in the e-commerce industry area is expected to promote market growth throughout the forecast period.
North America E-commerce Fulfillment Services Market Report Highlights
- The market is expected to register substantial growth during the forecast period due to the proliferation of the e-commerce industry, especially in emerging markets leading to unprecedented growth in the number of online users
- The shipping fulfillment service segment accounted for the highest revenue share in 2022. The segment's expansion may be linked to trade policies, which have resulted in increasing exports and imports of cross-border cargo
- The clothing and footwear segment accounted for the highest revenue share in 2022. The growth of the segment can be attributed to the increasing preference for online shopping and evolving fashion needs of the youth population
- The business-to-customer segment is expected to register the fastest CAGR over the forecast period. The growth of the segment can be attributed to the associated benefits such as greater order accuracy to the customer owing to fewer items per order which are shipped and directly delivered to the customers
- The large enterprise segment dominated the market in 2022. The segment's growth can be attributed to the greater demand for fulfillment services from large enterprises that have larger business volumes and paying capabilities
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 120 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $23334.14 Million |
| Forecasted Market Value (USD) by 2030 | $65350 Million |
| Compound Annual Growth Rate | 13.9% |
| Regions Covered | North America |
Market Variables, Trends, & Scope Outlook
Market Driver Analysis
- Robust Growth in Internet and Smartphone Penetration Rate
- Increasing Use of Automation, Robotics, and Augmented Reality (AR) in Warehouses
Market Restraint Analysis
- Stringent Government Regulations
Market Opportunity Analysis
- Trade Liberalization Policies and Cross-Border Shipment Agreement
North America E-commerce Fulfillment Services Market - Porter's Five Forces Analysis
North America E-commerce Fulfillment Services Market - PEST Analysis
COVID-19 Impact Analysis
Competitive Landscape
- Amazon.com, Inc.
- eFulfillment Service
- Ingram Micro, Inc.
- Rakuten Super Logistics
- Red Stag Fulfillment
- ShipBob, Inc.
- Shipfusion Inc.
- Xpert Fulfillment
- FedEx
- Sprocket Express Plainville, MA
- United Parcel Service of America, Inc.
- Deutsche Post AG (DHL GROUP)
Scope of the Report
Service Type Outlook
- Warehousing and Storage Fulfillment Services
- Bundling Fulfillment Services
- Shipping Fulfillment Services
Market Application Outlook
- Automotive
- Beauty & Personal Care
- Books & Stationery
- Consumer Electronics
- Healthcare
- Clothing & Footwear
- Home & Kitchen Application
- Sports & Leisure
Sales Channel Outlook
- Direct to Customer
- Business to Customer
- Business to Business
Organization Size Outlook
- Small & Medium-Sized Enterprises
- Large Enterprises
Regional Estimates & Trend Analysis
- Market estimates and forecasts, 2017 - 2030
- Market estimates and forecasts, By Service Type, 2017 - 2030 (USD Million)
- Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- Market estimates and forecasts, By Sales Channel, 2017 - 2030 (USD Million)
- Market estimates and forecasts, By Organization Size, 2017 - 2030 (USD Million)
For more information about this report visit https://www.researchandmarkets.com/r/ia0vm3
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