Retail Logistics Market to Grow Nearly 12.4% through 2030

Precedence Research has published a new report titled “Retail Logistics Market Size, Share and Growth Analysis (By Type: E-Commerce Retail Logistics and Conventional Retail Logistics; By Solution: Supply Chain Solutions, Commerce Enablement, Transportation Management, Reverse logistics & liquidation, and Others; By Mode of Transport: Airways, Railways, Waterways, and Roadways) - Global Industry Analysis, Trends, Regional Outlook, and Forecast 2021 - 2030”, the global retail logistics industry was estimated at $ 184.5 billion in 2020 and is projected to garner $ 465 billion by 2030, registering a CAGR of 12.4% from 2021 to 2030.

The report provides many business organizations with the required information to proliferate their business’ reach within the global retail logistics market. The report provides the overall revenue of the global retail logistics market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

Retail logistics refers to an instrumental process under which the flow of goods from the source of supply to the customers is managed. This system ensures smooth delivery of products to the customers by effective movement of logistics. It also ensures that right product should be delivered to the right customer at right time and place.

Since past few years retail industry has been an early target of digital innovation. Conventional methods of retail and historical data are now not been used in the new retail industry. Retail industry has grown from its nascent state in 2000’s to hundreds of billions of markets in 2020. Retail sector is the most vulnerable industry for the penetration of new technologies such as data analytics, cognitive analytics, Internet of Things (IoT), and many others.

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Growth Factors

Surge in global trade activities particularly in the developing nations along with developments in the logistics infrastructure are likely to boost the retail logistics market growth. As per World Trade Organization (WTO) report published in 2019, the share of service sector in the global trade expected to rise by 50% by the year 2040. Additionally, if the developing countries respond faster in the adoption of digital technologies their global hare in retail services expected to surge by 15% by 2040.

Apart from rise in global trade, international retailers are being more competitive in nature owing to rise in globalization. This resulted in increased competition among international retailers in the retail logistics market owing to increased number of stores by these players particularly in the developing countries. This has prominently boosted the global trade activities that also facilitate the transportation sector because of need to transfer raw materials and finished goods to the manufacturing site across various regions. Further, the rising competition among international retailers has also benefited the economic growth of the countries as it boosted the import and export activities within a nation that ultimately leads to increased tax revenue. Hence, the aforementioned factor thrives the growth of retail logistics during the upcoming years.

Report Highlights

• The Asia Pacific dominated the global retail logistics market in the year 2020 and register a significant growth rate during the forecast period due to propelling market for e-commerce and online shopping
• North America witnesses considerable growth during the forthcoming years owing to the presence of large number of internationally operating players in the region
• By type, the conventional retail logistics segment leads the global market with a revenue share of around 59% in the year 2020 and anticipated to maintain the same trend over the analysis period
• The e-commerce retail logistics exhibits the fastest growth during the upcoming years due to rising penetration of internet that boosts the online sales
• The supply chain solution segment captured the highest market share in the year 2020 because of optimization in omnichannel operation and on-time delivery of goods
• The reverse logistics & liquidation segment exhibits a considerable growth during the upcoming years owing to surge in e-commerce business
• Roadways transportation medium captured the majority of revenue share that more than 52% in the year 2020 attributed to rising demand for road vehicles for long distance transportation.

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Key Players & Strategies

Key industry participants in the global retail logistics market are prominently engaged in service portfolio expansion, merger & acquisition, partnership, and various other inorganic growth strategies in order to expand their consumer base. For instance, in April 2020, FedEx entered into a partnership agreement with BigCommerce Pty. Ltd. that is open Software as a Service (SaaS) e-commerce platform. Under the partnership agreement the two companies agreed to help small and medium enterprises to sell their product online and stay connected to their delivers.

Some of the prominent players in the Retail Logistics Market include:

• A.P. Moller - Maersk
• APL Logistics Ltd
• DSV
• C.H. Robinson Worldwide, Inc.
• DHL International GmbH
• Kuehne + Nagel International
• FedEx
• Nippon Express
• United Parcel Service
• Schneider
• XPO Logistics, Inc.

COVID-19 Impact on retail logistics market sales

Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the retail logistics market.

Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.

Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.

Against this backdrop, Precedence Research’s study predicts gradual recovery for the retail logistics market 2021 onwards. This trend will however continue through the course of the report’s assessment period.

Regional Snapshots

The Asia Pacific is the front-runner in the global retail logistics market capturing the highest revenue share of nearly 26% in the year 2020 and anticipated to continue its dominance during the upcoming period. Fast growth of e-commerce business and online shopping in the region is the most important factor that propels the market growth of retail logistics within the region.

E-commerce market in the Asia Pacific region has reached US$ 1.4 trillion in 2020 and estimated to rise at a rapid pace in the coming years because of increasing penetration digital buyers. For instance, China accounts for nearly 63% of the total digital buyers present in the region followed by India and Japan with a share of 10.4% and 9.4% respectively.

On the other hand, North America and Europe are the other prominent regions in the global retail logistics market and captured considerable market revenue share in the year 2019 owing to the presence of top globally renowned logistics players in the region.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Precedence Research has segmented the global Retail Logistics Market report on the basis of type, solution, mode of transport, and region:

By Type

• E-Commerce Retail Logistics
• Conventional Retail Logistics

By Solution Type

• Supply Chain Solutions
• Commerce Enablement
• Transportation Management
• Reverse logistics & liquidation
• Others

By Mode of Transport Type

• Airways
• Railways
• Waterways
• Roadways

By Regional Type

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France

Asia Pacific

• China
• India
• Japan
• South Korea

Rest of the World

Some of the key highlights covered in the report include:

• Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global retail logistics market. It examines trends and factors influencing demand for retail logistics globally and gauges the impact of the same on the production.

• Pricing Analysis -The report presents exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

• Market Segmentation - The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

• Regional Analysis -The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for retail logistics across the world.

• Competitive Analysis - Some of the leading market players are profiled in the report on retail logistics. The report offers estimation of share individually help by the market players and determines the impact of some of their popular strategies.

• COVID-19 Impact Analysis - This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

• Growth Recommendations - In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why Buy this Report?

The purpose of Precedence Research's retail logistics market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

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