According to a new market report published by Acute Market Reports, “E-commerce Logistics Market (By Operational Area (International (Cross-border) and Domestic), By Service Type (Transportation, Warehousing, and Other Services), By Geography (North America, Europe, Asia Pacific, and Rest of the World)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2020 - 2030” the global e-commerce logistics market is expected to grow at a CAGR of 19.5% during the forecast period 2023 – 2030.
Browse the full E-commerce Logistics Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2020 – 2030 report at https://www.acutemarketreports.com/report/e-commerce-market
Market Insights
Logistics has become an integral component of an e-commerce business as it is responsible for planning, control and flow of products from the point of origin to end-consumers. The proliferation of the e-commerce sector and consequent rise in cross-border (international) e-commerce trading activities has been one of the major factors driving e-commerce logistics market worldwide. The rise in cross-border e-commerce trading activities is majorly on account of trade liberalization. Thus, rise in both intra-regional and cross-border trades are collectively contributing towards the growth of the e-commerce logistics market. Evolving digital habits of consumers and increased Internet penetration, especially in emerging economies is assumed to influence the overall market growth as it will augment demand for foreign goods in these economies. With the expansion in breadth of offerings of e-commerce companies, reliable and robust logistic service is crucial for firms of all sizes.
Competitive Insights:
The global e-commerce logistic market is highly competitive and fragmented across different logistic services. The global e-commerce logistics market is characterized by the presence of both large- and small-sized service providers that are required to understand unique differences and necessities of international (cross-border) as well as domestic trade. Although the outlook of the e-commerce sector looks promising, logistics service providers are required to overcome both infrastructural and technical challenges before they can take full advantage of this. Some of the leading players identified in the global e-commerce logistics market include FedEx Corporation, Aramex International, DHL International GmbH, Gati Limited, United Parcel Service, Inc., Ceva Holdings LLC., C.H. Robinson Worldwide, Inc., Kenco Group, Innotrac Corporation, SF Express Co., Ltd., Clipper Logistics Plc, XPO Logistics, Inc., and Sinotrans Ltd among others. The global e-commerce logistics market also comprises large number of niche players, which account for trivial market share individually. The competitive rivalry among service providers, which is moderately high in the current scenario, is expected to elevate in the coming years.
Segmentation Analysis:
In the base year 2021, the global e-commerce logistics market was led by the transportation service segment. Investments made by the government’s for the development of road infrastructure and to ensure proper connectivity between urban and rural areas is instrumental in driving transportation via roadways. In addition, benefits offered in terms reliability, accessibility, flexibility of operations, and service makes roadway a preferred mode of transport.
