The Growing E-Commerce Industry along with the Rising Retail Logistics Operations to Drive the Retail Logistics Market Growth
The global retail logistics market is anticipated to grow at a substantial CAGR of 12.1% during the forecast period. The increasing e-Commerce market is one of the major reasons for augmenting the retail logistic market during the forecast period. The introduction of prominent e-commerce companies across the globe such as FedEx Corp, and DHL International GmbH, among others, is also expected to provide a substantial growth rate to the e-commerce and its retail logistic market. The increase in the retail logistics market across the globe is directly affected by the rising adoption of e-commerce in emerging economies such as China and India. For instance, in 2019, China's annual Singles Day online shopping bonanza brought in a record $38 billion in sales for Alibaba, the biggest e-commerce company in the country.
Browse the full report description of “Retail Logistics Market Size, Share & Trends Analysis Report by Logistics Type (Conventional Retail Logistics and E-Commerce Retail Logistics), by Solution Type (Commerce Enablement, Supply Chain Solutions, Reverse logistics & liquidation, Transportation Management, and Others), and by Mode of Transport (Railways, Airways, Roadways, and Waterways) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/retail-logistics-market
The sales and discounts provided by the e-commerce companies are another major factor for the high adoption rate of these websites, which in turn boosts the retail market growth. Further, in 2019, the Indian e-commerce industry saw a massive boost when the two biggest companies in the country Amazon and Flipkart generated a huge collection of $3 billion in just 6 days. Moreover, apart from Asia-Pacific, the e-commerce industry has gained a tremendous foothold in America as well as Europe. For instance, according to data released by Adobe Analytics, in November 2019, Shoppers spent $4.2 billion online on Thanksgiving Day sales in the US, a 14.5% increase from last year and a record high.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Logistics Type
o By Solutions Type
o By Mode of Transport
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- FedEx Corp., Deutsche Post AG, Nippon Express, DHL International GmbH, Kuehne + Nagel International AG, among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Retail Logistics Market Report Segment
By Logistic Type
- Conventional Retail Logistics
- E-Commerce Retail Logistics
By Solution Type
- Commerce Enablement
- Supply Chain Solutions
- Reverse logistics & liquidation
- Transportation Management
- Others
By Mode of Transport
- Railways
- Airways
- Roadways
- Waterways
Global Retail Logistics Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/retail-logistics-market