The E-Commerce Logistics Market is being driven by Increase in cross-border e-commerce activities
The E-Commerce Logistics Market is expected to grow at a CAGR of 28.2% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 802.3 billion. In today's e-commerce landscape, providing a seamless and convenient shopping experience is paramount for retailers and businesses to remain competitive. Warehouse picking accuracy plays a crucial role in determining profitability, as errors can lead to increased delivery costs, decreased customer satisfaction, lost sales, and poor customer retention. The additional expenses incurred on returns, repackaging, and re-shipping further compound the issue. In response to the growing demand for faster order fulfillment, shippers are strategically positioning storage and manufacturing facilities closer to consumers. As a result, many retailers and supermarkets are transforming their brick-and-mortar stores into mini distribution centers, streamlining the supply chain and enhancing overall customer experience.
Get more information on E-Commerce Logistics Market by requesting a sample report
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Market Scope |
|
Report Coverage |
Details |
Page number |
176 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 28.2% |
Market growth 2024-2028 |
USD 802.3 billion |
Market structure |
fragmentation |
YoY growth 2023-2024(%) |
21.6 |
Key countries |
China, Japan, US, Germany, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The E-Commerce Logistics Market is witnessing significant advancements with the integration of technologies like parcel carriers, delivery drones, and in-store pickup, enabling same-day and next-day delivery. Shipping aggregators, shipping APIs, freight forwarders, and drop shipping are streamlining the shipping process. Inventory forecasting, demand planning, and order management systems optimize stock levels. Warehouse optimization, pick-to-light systems, automated sorting, conveyor systems, pallet racking, RFID technology, and barcode scanning enhance warehouse efficiency. Delivery analytics, route optimization algorithms, logistics automation software, logistics consulting, delivery network design, shipping cost optimization, and delivery time optimization ensure optimal logistics operations. Sustainable packaging and eco-friendly shipping are key trends addressing environmental concerns.
The global air freight and logistics market encompasses the revenue generated by companies offering air freight transportation, courier services, and logistics solutions, such as order fulfillment, warehouse management systems, inventory optimization, shipping carriers, shipping rates, delivery networks, and last-mile delivery. According to Technavio, market size is determined by the earnings of air freight and logistics service providers, extending to the monitoring of goods in transit until their delivery. Market expansion will be fueled by the surge in cross-border e-commerce activities, where customers purchase products from foreign sources.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted