E-Commerce Logistics Market 2023-2027: Size and High logistics cost; growth driven by the Service, Some of key Companies Positioned Strategically

The e-commerce logistics market size by Service (Transportation, Warehousing, and Others) and Geography (APAC, North America, Europe, Middle East and Africa, and South America), is forecast to increase by USD 404.84 billion. The market is expected to grow at a CAGR of   20% between 2023 and 2027.

• In the realm of e-commerce, logistics costs represent a significant expense, encompassing transportation, warehousing, and value-added services. Indirect costs, such as inventory-carrying expenses, theft, damages, and losses during transit, further add to the financial burden. Factors including labor shortages and escalating fuel prices exacerbate shipping costs, putting pressure on profitability for e-commerce logistics providers. Despite this, they face customer demands to lower rates. The US e-commerce logistics market experienced a notable increase from USD196.2 billion in 2020 to USD225.2 billion in 2021, with volatile crude oil prices being a primary driver of transportation cost inflation.
• The Asia-Pacific (APAC) region is projected to spearhead the global e-commerce logistics market expansion through the forecast period. This growth can be attributed to the substantial population base in the region, fueling the overall demand for goods via online channels. For instance, China's population grew from 1.39 billion in 2018 to 1.41 billion in 2021, and India's population increased from 1.35 billion to 1.39 billion during the same period. The burgeoning e-commerce industries in countries like China, India, and Japan are driving the growth of the e-commerce logistics market in APAC.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• Agility Public Warehousing Co. K.S.C.P
• Aramex International LLC
• C H Robinson Worldwide Inc.
• CMA CGM SA
• DB Schenker
• Deutsche Post AG
• dotdigital Group Plc
• DSV AS
• eStore Logistics
• FedEx Corp.
• Gati Ltd
• GXO Logistics Inc.
• Kenco Group Inc.
• Kuehne Nagel Management AG
• Nippon Express Holdings Inc.
• Rhenus SE and Co. KG
• SF Express Co. Ltd.
• Sinotrans Ltd
• United Parcel Service Inc.
• XPO Logistics Inc.

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