New York, NY, Oct. 15, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has broadcasted a recent study report titled "E-commerce Logistics Market Share, Size, Trends, Industry Analysis Report, By Service Type (Transportation, Warehousing), By Type (Forward, Reverse), By Model (3PL, 4PL, Others), By Operation, By Vertical, By Region, And Segment Forecasts, 2023 – 2032” in its research database.
In accordance with Polaris Market Research, the global e-commerce logistics market Size & Share worth was estimated at USD 312.03 billion in 2022 and is anticipated to expand to USD 1,968.08 billion at a CAGR of 20.8% during the forecast period of 2032. The market for e-commerce logistics is seeing substantial growth, driven by numerous key factors. One of the important factors driving the growth is the explosive rise of the e-commerce sector.
What Exactly is E-Commerce Logistics? How Big is Market Size for E-commerce Logistics?
- Report Overview
E-commerce logistics, also known as e-logistics, is the process e-commerce brands use to fulfill the orders of their customers. It involves getting a product from the point of manufacturing to the point at which it’s delivered to consumers. E-commerce logistics is a sophisticated multi-stage process that encompasses a spectrum of services, which include managing inventory, shipping, warehousing, and distribution. Each of these services is reliant on each other, meaning e-commerce companies need to ensure that each one of them runs smoothly to get products delivered to consumers quickly and efficiently.
There are several different types of e-commerce logistics models, including forward logistics, reverse logistics, 3PL, and 4PL, amongst others. Using e-commerce logistics solutions has numerous advantages, such as scalability, valuable insights, and faster product returns. The growing prevalence of digital technologies has led to an upward tick in the demand for e-commerce logistics services, impacting the e-commerce logistics market demand favorably.
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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, Table of Contents, Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
Our Sample Report Covers:
- 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
- 110+ Pages Research Report (Inclusion of Updated Research).
- Provide Chapter-wise guidance on Requests.
- 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures.
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.
Essential Takeaways from the Report
- The surge in digital technologies, the rapid expansion of the cross-border e-commerce landscape, and the rising number of internet users are the major factors contributing to the market growth.
- The market is expanding as a result of the rising trend of purchasing products through e-commerce websites.
- The e-commerce logistics market segmentation is mainly based on service type, type, model, operation, vertical, and region.
- The Asia Pacific region accounted for the highest market share in 2022.
Leading Players Appeared in the Report
- Agility Public Warehousing
- Aramex International
- CEVA Logistics
- Clipper Logistics
- DHL International
- FedEx Corp.
- Gati Ltd
- Kenco Group
- United Parcel Service
- XPO Logistics
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Important Growth Aspects of the Sector
The explosive growth of the e-commerce industry: The explosive rise of the e-commerce industry is one of the major drivers of the e-commerce logistics market. With the rapid growth of the e-commerce sector, logistic companies experience the challenge of managing complex supply chains. To maintain their competitive edge, some third-party logistics providers (3PLs) are opting for the multi-client fulfillment model that offers cost-efficiency compared to dedicated fulfillment models.
Shift to Online Shopping: The outbreak of the COVID-19 pandemic impacted the logistics sector positively. With brick-and-mortar stores being shut down, consumers turned to e-commerce platforms for their daily essentials, ranging from groceries to furniture and clothing. Notably, last-mile e-commerce delivery remained the most popular logistic service even after the pandemic was subsidized. This showcases the lasting impact of the shift to online shopping.
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E-commerce Logistics Market: Report Scope
| Report Attribute | Details |
| Revenue Forecast in 2032 | USD 1,968.08 Billion |
| Market size value in 2023 | USD 360.39 Billion |
| Expected CAGR Growth | 20.8% from 2023 – 2032 |
| Forecast Year | 2023 – 2032 |
| Segments Covered | By Service Type, Type, Model, Operation, Vertical, By Region |
| Customization Options | Customized purchase options are available to meet any research needs. Explore customized purchase options |
Market’s Latest Key Trends
Purchasing products through e-commerce websites: The past few years have seen the emergence of a new trend of purchasing through e-commerce websites, replacing the traditional practice of visiting brick-and-mortar stores. From daily essentials and personal care items to furniture and electronics, a wide range of products can now be conveniently bought online. Projections state that the e-commerce logistics industry will experience remarkable growth in the near future, driven by factors such as widespread usage of smartphones, digitalization, and growing usage of digital payment options.
Rising adoption of advanced technologies: The e-commerce logistics market growth is further fueled by the increased usage of hardware technologies like Global Positioning System (GPS), Internet of Things (IoT), and barcode systems. These technologies are transforming the world of e-commerce logistics by offering improved efficiency and higher customer satisfaction.
Segmental Overview
Transportation Segment Accounted for the Largest Market Share
The transportation segment held the largest share of the e-commerce logistics market in 2022. This can largely be attributed to the important role road transportation systems play in streamlining last-mile deliveries. Road transportation is known for its high flexibility and accessibility. As a result, it’s often a preferred option for last-mile deliveries.
Furthermore, roads provide direct access to individual buildings and other premises. So, road transportation doesn’t have limitations on reaching individual apartments as with other transportation modes like airways or railways.
3PL Segment Held the Largest Share
By model, the 3PL segment accounted for the largest share of the e-commerce logistics market size. Availing the services of 3PL providers allows firms to focus on their core business activities, such as strategic planning, manufacturing, and R&D Also, it can greatly reduce the daily operational burdens for businesses.
For companies with limited in-house resources, outsourcing product fulfillment to a 3PL provider is a cost-effective way to handle high order volumes efficiently. Also, this approach can improve order fulfillment operations and streamline their supply chains.
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Geographic Outlook
Asia Pacific: The Asia Pacific region dominated the global market in 2022. This is largely because of the rising prevalence of smartphones and mobile connectivity in the region, resulting in increased demand for e-commerce and e-commerce logistics services. Besides, the advent of new players in the region has played a key role in expanding the online retail landscape, thereby driving the demand for reliable and timely logistics solutions.
Browse the Detail Report “E-commerce Logistics Market Share, Size, Trends, Industry Analysis Report, By Service Type (Transportation, Warehousing), By Type (Forward, Reverse), By Model (3PL, 4PL, Others), By Operation, By Vertical, By Region, And Segment Forecasts, 2023 - 2032” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/e-commerce-logistics-market
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Market’s Common Questions Answered in the Report
- What is the current market size?
- At what CAGR is the e-commerce logistics market anticipated to grow?
- What are the key opportunities and challenges in the market?
- Which segment is anticipated to lead the industry growth?
- What are the key market trends and opportunities?
- Which factors are boosting the e-commerce logistics market sales?
- Which region is anticipated to witness the highest growth in the market?
Polaris Market Research has segmented the e-commerce logistics market report based on service type, type, model, and operation. vertical, and region:
By Service Type Outlook
- Transportation
- Airways
- Railways
- Roadways
- Waterways
- Warehousing
- Mega Centers
- Hubs/Delivery Centers
- Returns Processing Centers
- Others
By Type Outlook
- Forward Logistics
- Reverse Logistics
By Operation Outlook
- Domestic
- International
By Model Outlook
- 3PL
- 4PL
- Others
By Vertical Outlook
- Apparels
- Consumer Electronics
- Automotive
- Healthcare
- Food and Beverage
- Others
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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