Retail Logistics Market Growth Rate (CAGR) Of 12.3% From 2022 To 2030

The global retail logistics market size was valued at USD 227.61 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.3% from 2022 to 2030.

Our prediction for the global retail logistics market indicates that the industry's rapid expansion is being driven by the sharp increase in e-commerce sales. The emergence of e-commerce and rising client digital literacy have completely changed how retail logistics is conducted. These elements, together with ongoing urbanization and dual-income households, have an impact on consumer choices and viewpoints in both developed and emerging economies. Improvements in the retailing industry are one of the key trends in the retail logistics business. Also, the revenue growth of the retail logistics market is being supported by the increasing use of smartphones and internet users.

The market is anticipated to grow gradually as a result of rising international commercial activity, particularly in emerging nations, and the expansion of the world's transportation infrastructure. A seamless delivery of both durable and non-durable goods to customers is ensured by the retail logistics system. Also, logistics has shortened delivery times, reduced fulfilment costs, and given the retail sector a greater chance to concentrate on customer service rather than administrative tasks.

Market Trends:

The logistics sector's increased use of drones and smart glasses has increased delivery speed and flexibility, both of which have an impact on the last-mile logistics market's growth over the projection period. In both urban and rural settings, self-driving, autonomous, and trucking vehicles can sustain high rationality and same-day delivery. Delivery in the transportation and logistics sector can be made much simpler by integration with smart glasses powered by augmented reality thanks to hands-free route searching, facial recognition for error-free deliveries, and customised deliveries. The use of smart eyewear with AI integration can improve delivery efficiency and flexibility while also enhancing first- and last-mile logistics.

The provision of effective last-mile delivery is quickly emerging as one of the most crucial parts of differentiating service among rivals as e-commerce businesses continue to proliferate. Also, receiving a shipment the same day of delivery is already very frequent, which is promoting the expansion of the same-day delivery business in the United States. Companies in sectors including pharmaceuticals, food, and beverages are putting an emphasis on offering same-day delivery options. Along with same-day delivery, customers are also demanding higher quality services, which is motivating big box stores like Walmart and Amazon to build its own DIY walk delivery sections rather than outsourcing.

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Global Retail Logistics Market: Segmentations

Global Retail Logistics Market: Major Players
XPO Logistics Inc.
Ryder System Inc.
J.B. Hunt Transport Services Inc.
C.H. Robinson Worldwide, Inc.
Kuehne + Nagel International AG
Deutsche Post AG
Penske Truck Leasing Co. LP
Expeditors International of Washington Inc.
FedEx Corp.
United Parcel Service, Inc.

Global Retail Logistics Market: By Types
Conventional Retail Logistics
E-Commerce Retail Logistics

Global Retail Logistics Market: By Applications
Consumer Electronics
Media
Toys and Games
Apparel
Food and Drink
Others

Global Retail Logistics Market: Regional Analysis
The countries covered in the regional analysis of the Global Retail Logistics market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Market Dynamics:

The value of the worldwide retail logistics market has increased as a result of the retail sector's adoption of robots and robotic process automation. Robots will soon be able to take products off of shelves in warehouses and stores as robotics becomes more widely available and versatile. Another platform-based service called "robot as a service" will become more prevalent, which will assist in lowering deployment and maintenance costs. One extremely unique use case was offered by Metra Labs. They have a robot named TORY that roams the store at night, scanning RFID-enabled things and taking inventory. TORY has a navigation system and RFID scanner.

The retail logistics market's income is also anticipated to increase due to the booming need for digital price tags and signage. Solutions for digital signage have become progressively more important recently. Digital price tags are becoming more and more common, especially those supported by E Ink, Bluetooth, and NFC. Solutions for digital signage are essential for bringing parts of e-commerce that customers value to the realm of traditional retail.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

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