Latest News- E-Commerce Logistics Market: Domestic is expected to lead the Usage segment during 2024-2028

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. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Usage
  • Domestic
  • International
• Service
  • Transportation
  • Warehousing
  • Others
• Type
  • Forward logistics
  • Reverse logistics
• Model
  • 3PL
  • 4PL
  • Others
• End User
  • Apparel
  • Consumer Electronics
  • Automotive
  • Healthcare
  • Food and Beverage
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • US
  • Europe
    • Germany
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in cross-border e-commerce activities
• Rise in social commerce
• Growth of e-commerce startups

However, the market also witnesses some limitations, which are as follows:

• High logistics cost
• Infrastructural issues in emerging economies
• Stringent regulations for e-commerce logistics

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Market Scope in E-Commerce Logistics Market Research Report

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Research Analysis Overview

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.

Market Research Overview

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
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/