Press release
Retail Logistics Market Report, Size, Share, Growth, Trends, Industry Forecast, Outlook to 2033
Retail Logistics Market
The new report published by The Business Research Company, titled Retail Logistics Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the retail logistics market size has grown rapidly in recent years. It will grow from $221.92 billion in 2023 to $241.33 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The retail logistics market size is expected to see rapid growth in the next few years. It will grow to $357.81 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%.
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What Is Driving The Growth Of The Global Retail Logistics Market?
Impact Of E-Commerce Growth On Retail Logistics Market
The increasing e-commerce sector is expected to propel the growth of the retail logistics market going forward. The e-commerce sector encompasses all commercial transactions conducted electronically over the internet. The e-commerce sector is growing due to increasing internet penetration, the convenience of online shopping, and expanding digital payment options. Retail logistics in e-commerce ensures efficient storage, management, and delivery of goods, enhancing customer satisfaction through timely and accurate order fulfillment. For instance, in October 2021, according to a report published by the International Trade Administration, a US-based government agency, e-commerce for consumer goods is anticipated to constitute approximately 22% of total retail sales globally by 2024, with growth averaging over 1% annually. Furthermore, global retail e-commerce sales are expected to show a steady, long-term increase of 8% through 2024. Therefore, the increasing e-commerce sector is driving the growth of the retail logistics market.
What Is The Key Trend In The Global Retail Logistics Market?
Innovative Location Intelligence Solutions Transforming Retail Logistics
Major companies operating in the retail logistics market are developing technologically advanced offerings, such as location intelligence solutions, to better serve customers with advanced features. A location intelligence solution utilizes geographic data to provide insights and analytics for making informed business decisions. For instance, in September 2023, Delhivery, an India-based logistics company, launched LocateOne, an application programming interface (API)-driven location intelligence stack that enhances address data quality and accuracy, particularly improving rooftop precision and addressing fraudulent activities across retail, commerce, fintech, banking, and financial services sectors. Delhivery emphasizes its state-of-the-art solution, powered by patented address disambiguation and identification technology, positioning it to drive operational excellence in commerce. Delhivery views its OS1 platform as crucial in establishing itself as the operating system for commerce, providing businesses with significant opportunities for streamlined operations.
How Is The Global Retail Logistics Market Segmented?
The retail logistics market covered in this report is segmented -
1) By Type: Conventional Retail Logistics, E-Commerce Retail Logistics
2) By Solution: Commerce Enablement, Supply Chain Solutions, Reverse Logistics And Liquidation, Transportation Management, Other Solutions
3) By Mode Of Transport: Railways, Airways, Roadways, Waterways
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How Is The Competitive Landscape Of The Global Retail Logistics Market?
Major companies operating in the retail logistics market are United Parcel Service Of America Inc., FedEx Corp., DHL International GmbH, A.P. Moller - Maersk AS, Delhivery Pvt. Ltd., DSV AS, C.H. Robinson Worldwide Inc., Nippon Express Co. Ltd., Expeditors International of Washington Inc., J.B. Hunt Transport Services Inc., Ryder System Inc., GXO Logistics Inc., XPO Logistics Inc., Lineage Inc., Americold Logistics Inc., APL Logistics Ltd., Blue Dart Express Ltd., Rhenus Logistics Sarl, ACT Fulfillment Inc., Freight Tiger, Safexpress Pvt. Ltd., NTC Logistics Pte Ltd., Avg Logistics, Secured Delivery Services, Ark India
Contents Of The Global Retail Logistics Market
1. Executive Summary
2. Retail Logistics Market Report Structure
3. Retail Logistics Market Trends And Strategies
4. Retail Logistics Market - Macro Economic Scenario
5. Retail Logistics Market Size And Growth
…..
27. Retail Logistics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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