The global retail logistics market is presently valued at USD 252.37 billion and is anticipated to expand at a CAGR of 12.3% over 2022-2030, thereby amassing USD 639.14 billion by end of the forecast duration
Retail logistics– Overview
All inbound and outbound operations that result in the flow of finished items from a firm to the end user are referred to as retail logistics. A robust retail logistics plan must be optimised in order to run a long-term direct-to-consumer (DTC) retail operation.
Warehouse receiving, inventory management, fulfilment, and shipping are all stages of the retail logistics process. In order to achieve customer expectations for quick, low-cost delivery, every stage of the logistics process must be streamlined.
Key market trends- Growth determinants and restraints
The Global retail logistics Market is developing at a faster pace with significant development rates throughout the most recent couple of years and is assessed that the market will fill fundamentally in the esteem period for example 2022 to 2030.
One of the important developments in the retail logistics business is the rapid increase in internet penetration. In the market, the evolution of mobile operations has been a game changer. Mobile phones are no longer just communication devices; they also include a slew of other features that meet basic necessities like entertainment and shopping. Another trend is social commerce, in which consumers’ purchasing habits are matched based on social interaction and user experience. There have been significant market repercussions as a result of this.
The retail logistics market is expected to grow significantly, yet it is beset by operational and financial difficulties. Return shipments are currently a significant component of logistics processes, and they come with their own set of operational issues and the potential to drive logistics costs up. Poor infrastructure in regions can stifle market growth by making regional businesses hesitant to invest and expand. Various regulatory difficulties, as well as tough geopolitics in light of rising protectionism in international trade, could hamper the market’s expansion.
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Segmentation Analysis of Global retail logistics market
Based on type
- Conventional retail logistics
- E-commerce retail logistics
Based on solution
- Commerce enablement
- Supply chain solutions
- Reverse logistics and liquidation
- Transportation management
- Others
Based on mode of transport
- Roadways
- Railways
- Airways
- Waterways
Asia-Pacific is expected to hold the largest market share
North America, Europe, Latin America, Asia Pacific, and Middle East and Africa are the major regions constituting the geographical landscape of Global retail logistics market. Asia-Pacific dominates the market with the largest market share among others.
Competitive Landscape
The Key players in the Global retail logistics market are Kintetsu World Express, Inc. (APL Logistics Ltd.) (Kintetsu Group Holdings Co., Ltd.), A.P. Moller – Maersk A/S, DSV A/S, Deutsche Post DHL Group, FedEx Corporation, Kuehne + Nagel International AG, Nippon Express Co., Ltd., XPO Logistics, Inc., United Parcel Service, Inc., and C.H. Robinson Worldwide, Inc.
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Major development
The Global retail logistics market is anticipated to increase at a fundamental rate during the figure time period, somewhere in the range of 2022 to 2030. In 2020, the market was developing at a consistent rate and with the growing reception of systems by key players, the market is supposed to ascend over the projected skyline.
Major Questions Answered In This Report
- What is the growth rate of this Market?
- What are the primary growth determinants of the Global retail logistics market?
- Which are the major regions constituting the geographical landscape of Global retail logistics Market?
- Which are the prominent companies operating in Global retail logistics Market?
Key takeaways from the report-
- The Global retail logistics market to register a growing CAGR of over 12.3% from 2022 to 2030.
- Asia-Pacific is expected to lead the market with the highest market share.
- One of the important developments in the retail logistics business is an increase in internet penetration. In the market, the evolution of mobile operations has been a game changer.
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