E-commerce Logistics Market Share & Size Analysis, Growth, Trends, Report, 2024-2032

The global e-commerce logistics market size was valued at USD 372.80 billion in 2023 and is expected to be worth USD 441.55 billion in 2024. The market is projected to reach USD 1,903.08 billion by 2032, recording a CAGR of 20.04% during the forecast period.

E-commerce logistics encompasses a broad range of services, including warehousing, transportation, and packaging solutions. These services are essential for managing, moving, storing, and ensuring the seamless flow of goods within the online retail industry. As online shopping continues to gain traction among consumers, businesses are adopting efficient logistics strategies to enhance customer satisfaction, reduce costs, and maintain a competitive advantage.

The COVID-19 pandemic significantly affected the e-commerce logistics sector. The pandemic led to various changes, such as a surge in online shopping, a transition to contactless delivery, and the implementation of safety protocols. Additionally, there was a notable shift toward warehouse automation and a heightened focus on sustainability.

Fortune Business Insights™ displays this information in a report titled, "E-Commerce Logistics Market, 2024-2032."

𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/e-commerce-logistics-market-107945

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐌𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐄-𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

‣ DHL International GmbH (Germany)
‣ FedEx Corporation (U.S.)
‣ Aramex International (UAE)
‣ XPO Logistics Plc. (U.S.)
‣ United Parcel Service, Inc. (U.S.)
‣ Gati Limited (India)
‣ Kenco Group, Inc. (U.S.)
‣ Clipper Logistics Plc. (U.K.)
‣ Agility Public Warehousing Company K.S.C.P. (Kuwait)
‣ CEVA Logistics (U.K.)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐄-𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭
Domestic Segment Accounted for Largest Revenue Share Due to Rise in Online Shopping Frequency

Based on operational area, the market is divided into domestic and international. The domestic segment accounted for the largest share of revenue, around 70% in 2023, and is anticipated to maintain its dominance in the coming years. The segment is growing due to a rise in online shopping frequency, fueled by consumer's increasing purchasing power and the discounts provided by e-commerce platforms. This trend is encouraging individuals to make frequent purchases of products, regardless of necessity.

Backward Logistics to Experience Highest Growth Due to Rising Frequency of Returns

Based on type, the market is divided into forward logistics and backward logistics. The backward logistics type is projected to experience the highest growth rate in the coming future. The rising frequency of returns and product exchanges is likely to contribute positively to the expansion of this segment.

Transporting Service Holds Largest Share Because of its Essential Function in Supply Chain

Based on service type, the market is segmented into transporting, warehousing, and others. The transporting service type held the largest e-commerce logistics market share in 2023 primarily because of its essential function in the supply chain. Road transportation is vital for enabling last-mile deliveries and provides direct access to a wide range of destinations, including both commercial and residential zones.

With respect to region, the market covers North America, South America, Europe, Asia Pacific, and the Middle East & Africa.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/e-commerce-logistics-market-107945

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
The report includes:
‣ Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
‣ Comprehensive insights into regional developments.
‣ List of major industry players.
‣ Key strategies adopted by the market players.
‣ Recent industry developments include product launches, partnerships, mergers, and acquisitions.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:
Reduced Shipping Costs to Drive Market Expansion

Reduced shipping costs significantly contribute to the expansion of the global market. As e-commerce continues to thrive, logistics service providers benefit from economies of scale, enabling them to negotiate favorable rates with carriers and enhance operational efficiency for larger volumes of goods. The utilization of consolidation centers and hub-and-spoke distribution models further minimizes transportation costs and enhances delivery efficiency, fostering market growth for e-commerce logistics.

However, inadequate infrastructure for both air and ground transportation results in inefficiencies, extended transit times, and higher return rates, all of which considerably hinder e-commerce logistics market growth.

𝗕𝗿𝗼𝘄𝘀𝗲 𝗗𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗦𝘂𝗺𝗺𝗮𝗿𝘆:
https://www.fortunebusinessinsights.com/e-commerce-logistics-market-107945

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
Asia Pacific Dominates With Increased Internet Access and Rising Consumer Spending

Asia Pacific dominated the global market for e-commerce logistics with the highest growth in 2023, driven by increased internet access, rising consumer spending power, and a growing variety of e-commerce services.
North America stood as the second-most leading region in the market, with a high revenue share. The growth is driven by the presence of major e-commerce companies in the region, such as Amazon, Walmart, and eBay.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
Companies to Implement Various Growth Strategies to Strengthen Their Market Presence

The global market is characterized by high competition among numerous established players, including DHL International GmbH, FedEx Corporation, Aramex International, and Gati Limited. These companies are implementing various growth strategies, both organic and inorganic, such as mergers, expansions, partnerships, and acquisitions, to strengthen their market presence.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
E-commerce Packaging Market
https://www.fortunebusinessinsights.com/e-commerce-packaging-market-104885

Retail Logistics Market
https://www.fortunebusinessinsights.com/retail-logistics-market-105944

Business-to-Business E-commerce Software Solutions Market
https://www.fortunebusinessinsights.com/industry-reports/business-to-business-e-commerce-software-solutions-market-100425

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭
March 2022: DHL Supply Chain announced a strategic partnership with ReverseLogix, a company that specializes in end-to-end Returns Management Systems (RMS) for both B2B and B2C markets, to oversee its e-commerce returns operations. This collaboration comes at a time when DHL Supply Chain is experiencing significant growth in its e-commerce sector, with a 15% annual growth rate during the peak season of 2021. National retail returns have surged by 78%, totaling over USD 761 billion.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀:
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This release was published on openPR.