Cross-Border E-Commerce Logistics Market Size to grow by USD 80.1 billion between 2024-2028
According to a research report “ Cross-Border E-Commerce Logistics Market” by Service (Transportation, Warehousing, Others) End-user (Manufacturing, Automotive, Oil and gas, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 80.1 billion, at a CAGR of 13.29% during the forecast period. The proliferation of mobile devices has significantly boosted the expansion of the global Internet and e-commerce market. With the substantial growth in mobile adoption across the globe, e-commerce retailers have responded by creating mobile-compatible applications to enhance the shopping experience for consumers. These applications offer seamless browsing, ease of payment, and personalized recommendations based on user data. By providing a tailored shopping experience, vendors can retain customers through targeted advertising and ultimately increase sales in the cross-border e-commerce logistics market.
Browse market data tables, figures, and in-depth TOC on “Cross-Border E-Commerce Logistics Market” by Service (Transportation, Warehousing, Others) End-user (Manufacturing, Automotive, Oil and gas, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Service, the Transportation segment is projected to dominate the market size in 2024
The manufacturing sector encompasses a diverse range of activities and advanced production techniques, from artisanal enterprises employing traditional methods to large-scale operations producing intricate products. Establishments in this sector are identified as factories, mills, and plants. The industry's expansion is driven by technological innovations and substantial governmental backing in various countries. Cross-border e-commerce logistics plays a crucial role in the manufacturing industry, facilitating strategic planning, coordination, and service functions. The global market for cross-border e-commerce logistics is intensifying, compelling logistics providers to deliver superior and efficient solutions to burgeoning industries, including manufacturing. Vendors are well-versed in the distinctive logistics demands of industrial, manufacturing, and engineering companies.
By End-user, Manufacturing segment is expected to hold the largest market size for the year 2024
The transportation sector in the global cross-border e-commerce logistics market encompasses the transport of e-commerce goods via rail, air, water, and roadways. This segment is poised for significant expansion due to the burgeoning e-commerce industry and increased government investments in logistics infrastructure. Outsourcing transportation services for cross-border e-commerce logistics is common due to their high capital intensity and expertise requirements. Moreover, government initiatives and investments to enhance logistics capabilities are fueling the growth of cross-border e-commerce logistics providers. For instance, the Canadian government's USD7 billion investment, as announced in Budget 2017, underscores this trend.
APAC is forecasted to hold the largest market size by region in 2024
The cross-border e-commerce logistics market is experiencing significant growth due to the increasing trend of online shopping and globalization. This market facilitates the seamless movement of goods from one country to another, enabling businesses to expand their reach and customer base. Key players in this market focus on providing efficient and cost-effective solutions, including international shipping, customs clearance, and reverse logistics, to meet the demands of e-commerce retailers and consumers. The market is expected to continue its robust growth trajectory in the coming years, driven by advancements in technology and increasing consumer preferences for international online shopping.
The Cross-Border E-Commerce Logistics Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Cross-Border E-Commerce Logistics Market has seen significant spending due to the increasing population engaging in online shopping, particularly in the wake of the outbreak and subsequent business shutdowns, travel bans, and lockdowns. Ecommerce vendors, wholesalers, retailers, and brands have turned to cross-border ecommerce to keep their businesses afloat. However, logistics poses a challenge, with border controls, health checks, quarantines, and flight cancellations causing delays and disruptions in the supply chain. Air freight has become a popular option for faster delivery, but its high cost and limited capacity make it unsuitable for many businesses. Mobile computing and blockchain technology are being explored to streamline processes and increase transparency, reducing the need for physical documentation and manual inspections. Freight carriers are implementing new protocols to ensure the safe transport of goods, including temperature checks and contactless delivery. Despite these challenges, the cross-border ecommerce market is expected to continue growing, with transactions between individuals, B2B, and consumer-to-consumer expected to increase.
Market Research Overview
The Cross-Border E-Commerce Logistics Market is a significant investment pocket in the global logistics industry, with future estimations projecting robust growth due to the increasing urbanization, middleclass population, and the versatility of data in digital transactions. Logistics enterprises are investing heavily in this sector to cater to the flow of consumer goods, especially in developed regions. However, challenges such as fraudulent freight, border controls, movement restrictions, and quarantines due to outbreaks like the Wuhan virus, can disrupt the supply chain and cause spending to fluctuate. Air freight is a popular choice for e-commerce vendors due to its speed, but it comes with a higher cost. The use of mobile computing and blockchain technology is improving accuracy, security, and customs clearance in cross-border e-commerce, making it more efficient for B2B, B2B2C, and individual transactions. Regulations and infrastructure are crucial factors in this market, with trade barriers and internet connectivity impacting the ease of online shopping and logistics. Freight carriers must adapt to changing circumstances, such as flight cancellations, business shutdowns, and travel bans, to ensure the smooth movement of goods across international borders. The reported deaths and confirmed cases of the Wuhan virus have highlighted the need for health checks and stringent border controls to prevent the spread of diseases and maintain consumer confidence.
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