Retail Logistics Market Size, Share, and COVID-19 Impact Analysis, By Type (Conventional retail logistics, E-commerce retail logistics), By Solution (Commerce enablement, Supply chain solutions, Reverse Logistics & Liquidation, Transportation Management, Others), By Mode of Transport (Roadways, Railways, Airways & Waterways), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) Analysis and Forecast 2022-2030
KEY MARKET INSIGHTS
The global Retail Logistics Market was valued at USD 224.51 Bn in 2021. The market is projected to grow USD 653.25 Bn in 2030, at a CAGR of 12.6%.
Retail logistics seems to be the planned process of controlling the movement of goods from the point of supply to the point of delivery to the client. The market's large retailers offer a wide variety of commodities, which necessitate meticulous planning of the movement of many items until they are delivered to the buyer. Through the use of effective logistics services, retail logistics ensures that everything is in order and that better delivery services are provided at significantly cheaper costs.
Products from a wide range of manufacturers, wholesalers, and distributors are sold. This has made it necessary to plan the transportation of different items in a methodical manner up until delivery to the client or consumer. By using efficient logistics and added value, retail logistics makes sure everything is set up to provide better delivery and service at reduced costs.
COVID-19 ANALYSIS
The outbreak of COVID-19 has impacted severely on the logistics and supply chain of the retail industry. The retail logistics market has been negatively impacted by COVID-19 as a result of a severe decline in business activity and shopping. One of the initial measures taken by some governments to decrease the risk of epidemic spread was to shut down every shops and manufacturing plants, which had the unintended consequence of significantly lowering sales and subsequently lowering consumer confidence. Trade and travel are anticipated to restart in a limited capacity with the adoption of government directives, offering a good outlook for retail logistics over the projection period.
Increasing Adoption of Multimodal Transportation
The number of benefits, such as less regulatory restrictions, quicker freight processing, and reduced per-vehicle costs, multimodal transportation is gaining popularity. The rising use of various kinds of transportation, such as trains, trucks, ships, and aero planes, is one of the major market trends.
Rising Overseas Trade Favoring the Market
The rising worldwide commerce activities, especially in developing nations, are driving up demand for retail logistics. The expansion of the logistical infrastructure is anticipated to accelerate market expansion. A seamless and effective flow of non-durable and durable items from a variety of illustrious distributors and suppliers to clients is made possible by the retail logistics system. Additionally, the utilization of logistics in the retail sector has enabled quick product delivery at cheap fulfilment costs.
Growing E-commerce Industry in Retail Solutions
The e-commerce sector has experienced tremendous expansion, which is one of the key factors driving the retail logistics market. The e-commerce market has expanded significantly in recent years due to a number of factors, including the urbanization, rising disposable income, and shifting consumer preferences. Customers today expect rapid delivery of necessities to their doorsteps, which increases the requirement for effective logistics services to meet such demand.
Limited Infrastructure of Transportation Hampering the Market Growth
Lack of adequate infrastructure in the retail logistics production supply chain. Budgeting and stock allocation are extremely challenging for both large businesses and quickly expanding brands. It is extremely difficult to have a thorough understanding of order difficulties, inventory levels, and warehouse KPIs (to name a few) across your network due to the inherent gap between sets of data. You are left with a fragmented view of operations without a connected system, which makes it very challenging to plan forward.
SEGMENTATION
The global retail logistics market is segmented by Type (Conventional retail logistics., E-commerce retail logistics), By Solution (Commerce enablement, Supply chain solutions, Reverse Logistics & Liquidation, Transportation Management, Others), By Mode of Transport (Roadways, Railways, Airways, Waterways) and Region. Based on the type, the market is categorized conventional retail logistics, e-commerce retail logistics. Based on solution, the market is categorized into commerce enablement, supply chain solutions, reverse logistics & liquidation, transportation management, others. Based on mode of transport, the market is categorized into roadways, railways, airways and waterways. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.
Type Insights
Based on the type segment, the global retail logistics market is categorized into conventional retail logistics and e-commerce retail logistics. The conventional retail logistics segment has dominated the market share in 2020 of global retail logistics market owing to consumers using traditional retail logistics services more frequently since they rely less on the internet and prefer to shop in traditional retail stores. According to studies, 36% of consumers prefer to buy products from traditional retail stores after doing their research online. In a retail setting, customers can pick up and inspect a product. Because buyers may buy something without waiting for delivery, it also provides instant satisfaction.
Solution Insights
Based on the solution segment, the global retail logistics market is categorized into commerce enablement, supply chain solutions, reverse logistics & liquidation, transportation management, others. The supply chain solutions segment has dominated the market share in 2020 of global retail logistics market owing to The supply chain manages client returns effectively, personalizes kitting and order fulfilment, provides on-time delivery, and streamlines Omni channel operations. Additionally, it enables speedy direct-to-consumer and direct-to-store shipping, improving warehouse productivity and inventory control.
Mode of Transport Insights
Based on the mode of transport segment, the global retail logistics market is categorized into roadways, railways, airways, waterways. The roadways segment is dominated the market share in 2020 of global retail logistics market owing to rising demand for roadway vehicles to move retail products over large distances, particularly in domestic regions. Retail businesses should use trucks and cargos with substantial carrying capabilities when choosing road transportation. Government policies in favor of growth are numerous. For instance, recent regulations from the Federal Motor Carrier Safety Administration encourage the use of cameras in place of rearview mirrors to improve truck drivers' safety.
REGIONAL INSIGHTS
The global retail logistics market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
North America region is dominating the market share of global retail logistics market owing to the presence of numerous well-known players, including C.H. Robinson Worldwide, Inc., FedEx, as well as XPO Logistics, Inc., United Parcel Service of America, Inc., and United States Postal Service, Inc., is assisting in the expansion of the regional market. Increasing penetration of unmanned vehicle drones favoring the growth in this region.
However, Asia Pacific region is anticipated to grow over the next few years of global retail logistics market owing to large consumer base and has seen a huge increase in personal e-commerce use. Among the top exporters of goods, China, Japan, Australia, and India account for a sizeable portion of global retail e-commerce sales. The region's bright potential for e-commerce growth are the main forces behind the expansion of the regional market. For instance, as part of the Indian Government's Logistics Efficiency Enhancement Program, the Ministry of Road Transport & Highways (MoRTH) is creating multimodal logistics parks to address the country's undeveloped road and material handling infrastructure (LEEP).
LIST OF KEY COMPANIES PROFILED:
- A.P. Moller - Maersk
- APL Logistics Ltd
- C.H. Robinson Worldwide, Inc.
- DHL International GmbH
- DSV
- CJ Logistics Corporation
- Schenker AG
- FedEx
- Kuehne + Nagel International
- Nippon Express
- Schneider
- IBM Corporation
- United Parcel Service, Inc.
- XPO Logistics, Inc.
- Others
KEY INDUSTRY DEVELOPMENTS:
- April 2020- FedEx collaborated with BigCommerce to provide small and medium-sized businesses access to online sales, connectivity, and delivery and clients may now easily and affordably employ FedEx shipping services on the company's current platform.
SEGMENTATION
By Type
- Conventional retail logistics
- E-commerce retail logistics
By Solution
- Commerce enablement
- Supply chain solutions
- Reverse Logistics & Liquidation
- Transportation Management
- Others
By Mode of Transport
- Roadways
- Railways
- Airways
- Waterways
By Region
- North America- U.S., Mexico, Canada
- Europe- UK, France, Germany, Italy, Spain, Rest of Europe
- Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
- South America- Brazil, Argentina, Colombia, Rest of South America
- The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa
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Retail Logistics Market Size
- July-2022
- 140
- Global
- retail
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