Retail Logistics Market Is Projected to Gain $809.7 billion By 2032

The global Retail Logistics Market size was valued at $238.5 billion in 2022, and is projected to reach $809.7 billion by 2032, growing at a CAGR of 13.5% from 2023 to 2032. Increased global trade, particularly in developing economies, is expected to drive the growth of the global retail logistics market in the forecast period from 2023 to 2032. However, inadequate transportation infrastructure, like congested highways, limited ports, and poorly maintained roads, can cause delays in the delivery of products, which may hamper the retail logistics market growth in the coming future. On the contrary, the swift delivery options provided by retail logistics is expected to offer remunerative opportunities for the expansion of the retail logistics market during the forecast period.

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Retail logistics refers to the processes, strategies, and activities involved in managing the movement and distribution of products from manufacturers or suppliers to the final consumers within the retail industry. It encompasses various aspects of supply chain management that are specifically tailored to meet the demands of the retail sector.

The supply chain solutions sub-segment of the global retail logistics market accounted for the largest share of 28.4% in 2022 and is expected to grow significantly during the forecast period. The prominent growth of the sub-segment is mainly due to the increased adoption of cloud-based supply chain technologies, which help with tracking and optimizing transportation and handling returns.

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The globalization of supply chains in the retail industry has been driven by various factors. Efficient international logistics solutions are indeed crucial for retailers to effectively manage their global operations. Furthermore, globalization opens up new markets for retailers. By sourcing products from different parts of the world they can cater to diverse customer bases and expand their reach. Efficient logistics enable them to serve these markets effectively.

The conventional retail logistics sub-segment of the global retail logistics market accounted for the highest share of 54.3% in 2022 and is projected to witness substantial growth during the forecast period. The prominent growth of the sub-segment is mainly due to the growing use of conventional retail logistics services by consumers who have limited dependence on the Internet and thus choose to shop in conventional retail locations.

The key players profiled in this report include

XPO Logistics, Inc.
DSV
C.H. Robinson Worldwide, Inc.
Nippon Express Co., Ltd.
Schneider
DHL International GmbH
Kuehne + Nagel International AG
United Parcel Service, Inc.
FedEx Corporation
APL Logistics Ltd.

The report provides a detailed analysis of the key players of the global retail logistics market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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Moreover, retailers that can streamline their global supply chains through efficient logistics gain a competitive edge. Quick and reliable delivery of products can lead to an increase in customer satisfaction and loyalty. Furthermore, retailers are increasingly conscious of their environmental footprint. Efficient logistics can help reduce carbon emissions by optimizing transportation routes and modes and contributing to sustainability goals. By diversifying suppliers and sourcing from different regions, retailers can reduce the risk of disruptions in their supply chains. Efficient logistics ensure that they can quickly adapt to changing circumstances.

However, retail logistics relies on having an adequate number of skilled workers to handle various tasks simultaneously. Labor shortages can lead to delays in order processing and delivery which can negatively impact the customer experience. In the competitive retail landscape, customer satisfaction is crucial, and any disruptions caused by labor shortages could result in customer dissatisfaction and potential loss of business.

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The use of data analytics and artificial intelligence can provide valuable insights into consumer behavior, inventory management, demand forecasting, and route optimization. Retailers can make more informed decisions and optimize their logistics operations for efficiency. With real-time data analysis, retailers can gain better visibility into their inventory levels across various locations. AI can predict which products are likely to sell quickly and adjust inventory accordingly. This minimizes the costs associated with excess inventory while ensuring that popular products are readily available.

The roadways sub-segment of the retail logistics market accounted for the highest share of 31.5% in 2022 and is projected to experience widespread growth during the forecast period. The prominent growth of the sub-segment is mainly due to the increased need for roadway vehicles for transporting retail products over large distances, particularly in domestic regions.

Regional Analysis:

The retail logistics market share is segmented on the basis of type, solution, mode of transport, and region. By type, it is classified into conventional retail logistics and e-commerce retail logistics. By solution, it is classified into commerce enablement, supply chain solutions, reverse logistics & liquidation, transportation management, and others. By mode of transport, it is classified into railways, airways, roadways, and waterways. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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