Authored By: Sarah
11 Jul 2024

 Retail Logistics Market Size to grow by USD 265.5 billion between 2024-2028

According to a research report “ Retail Logistics Market” by Mode Of Transportation (Roadways, Railways, Waterways, Airways) Type (Conventional retail logistics, E-commerce retail logistics) 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 265.5 billion, at a CAGR of over 14.37% during the forecast period. In the realm of international retailing, the exchange of retail technology, management expertise, and buying capabilities beyond domestic markets is a significant trend. With the emergence of new market prospects and the ongoing globalization process, intense competition among multinational retailers arises, particularly in developing countries within the Asia Pacific region. The proliferation of the Internet has engendered a surge in e-commerce and trading opportunities for these retailers. Furthermore, global grocery retailers and prestigious fashion brands facilitate the cross-border exchange of their goods and services, thereby expanding their businesses. International retailing plays a pivotal role in bolstering economies through the import and export of merchandise, resulting in heightened tax revenues and market expansion.

Browse market data tables, figures, and in-depth TOC on “Retail Logistics Market” by Mode Of Transportation (Roadways, Railways, Waterways, Airways) Type (Conventional retail logistics, E-commerce retail logistics) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Mode Of Transportation, the Roadways segment is projected to dominate the market size in 2024

The Retail Logistics Market encompasses the transportation, storage, and distribution of goods from manufacturers to retailers and ultimately to end consumers. This essential business process involves optimizing supply chain efficiency, reducing costs, and ensuring timely delivery to meet customer demands. Key market drivers include e-commerce growth, increasing consumer expectations for faster delivery, and the adoption of advanced technologies such as automation and real-time tracking systems.

By Type, Conventional retail logistics  segment is expected to hold the largest market size for the year 2024

The Retail Logistics Market is a critical business sector that ensures the seamless flow of goods from manufacturers to retail stores and ultimately to consumers. This market encompasses various logistics services such as warehousing, transportation, inventory management, and order fulfillment. Its primary objective is to optimize supply chain efficiency, reduce costs, and enhance customer satisfaction. Retailers rely on logistics providers to manage their complex distribution networks and mitigate risks associated with demand fluctuations and seasonal trends.

APAC is forecasted to hold the largest market size by region in 2024

The Retail Logistics Market encompasses the transportation, storage, and management of goods from manufacturers to retail stores. This essential business process facilitates timely and efficient delivery, ensuring customer satisfaction and maintaining inventory levels. Market growth is driven by factors such as increasing consumer expectations for faster delivery times, the rise of e-commerce, and the implementation of advanced technologies like automation and real-time tracking systems.

The Retail 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:

  • Burris Logistics Co.
  • C H Robinson Worldwide Inc.
  • DB Schenker
  • Deutsche Post AG
  • DSV AS
  • Expeditors International of Washington Inc.
  • FedEx Corp.
  • Hub Group Inc.
  • J B Hunt Transport Services Inc.
  • Kenco Group Inc.
  • Kuehne Nagel Management AG
  • Lineage Logistics Holdings LLC
  • Nippon Express Holdings Inc.
  • Penske Corp.
  • Ryder System Inc.
  • Schneider and Cie. AG
  • Total Quality Logistics LLC
  • Uber Technologies Inc.
  • United Parcel Service Inc.
  • XPO Inc.
.

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Research Analysis Overview

The Retail Logistics Market is experiencing significant growth due to the increasing demand for fast delivery and improved warehouse productivity. Logistics parks are becoming increasingly popular as they offer efficient movement of goods through various modes of transportation, including railcars, trucks, ships, and airplanes. After-sales logistics is also gaining importance, as companies seek to enhance customer satisfaction and reduce returns. Globalization and international competition are driving the need for advanced logistical infrastructure, with multimodal transportation becoming the norm. Warehouse operators, inventory managers, and wholesalers are leveraging technology such as artificial intelligence and big data analytics to optimize fulfillment expenses and delivery times. Urbanization and e-commerce are also major factors driving the retail logistics market. The need for last-mile delivery solutions is becoming increasingly critical as consumers demand quick and convenient delivery of non-durable and durable goods. Tax money is being invested in upgrading logistical infrastructure, with governments recognizing the importance of efficient movement of goods for economic growth. International commerce operations are also being impacted by global commodity prices, which can affect the cost of transportation and storage. Aircraft and ships are being used to transport bulk goods, while trucks and trains are used for last-mile delivery. Overall, the retail logistics market is expected to continue growing as companies seek to meet the demands of consumers for fast and convenient delivery.

Market Research Overview

The Retail Logistics Market is a critical component of the retail industry, particularly in the age of e-commerce. After-sales logistics, including packaging solutions, play a significant role in ensuring customer satisfaction. Sea freight and air freight are essential for international commerce operations, while road contract logistics and integrated logistics enable commerce enablement in urban areas. Urbanization and e-commerce have led to an increase in last-mile delivery, micro-mobility options, and drone delivery. Tax money is being invested in logistics parks, multimodal logistics parks, and transportation management to improve road infrastructure and connectivity. Retailers face international competition, particularly in the e-commerce market, where cellphones and other consumer goods are in high demand. Inventory management and warehouse productivity are crucial for direct-to-store and direct-to-consumer delivery. Logistics companies offer supply chain solutions, e-commerce enablement, and inventory management to help retailers meet customer preferences and deliver on-time. Road transportation, including trucks and aircraft, railways, and waterways, are used for multimodal transportation. Efficient movement of goods is essential for carrying costs, working capital utilization, and reducing overstock situations and stockouts. Proactive inventory management, real-time data, and machine learning algorithms are used for demand forecasting and supply chain operations. The retail e-commerce industry relies on reliable reverse logistics for customer returns, omnichannel operations, and fast delivery. E-shoppers expect lower shipping costs, fast delivery, and personalized kitting. Traditional retail outlets and brick-and-mortar businesses also require conventional retail logistics and compatibility requirements for inventory management. In conclusion, the retail logistics market is a complex and dynamic industry that requires efficient and cost-effective solutions for inventory management, transportation, and supply chain operations. The use of technology, such as artificial intelligence and big data analytics, is essential for fulfillment expenses, delivery times, and inventory levels.

Contacts

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/

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