Press release
Urban Logistics Market Outlook - Valued at $25.7 Billion (2023), Expected to Reach $77.9 Billion by 2033 at 12% CAGR
Urban Logistics Market Research, 2033 :
The global urban logistics market size was valued at $25.7 billion in 2023, and is projected to reach $77.9 billion by 2033, growing at a CAGR of 12% from 2024 to 2033.
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By Application
The electric logistics vehicle segment is expected to grow faster throughout the forecast period.
The electric logistics vehicle segment is anticipated to experience growth in the urban logistics market, due to the fact that electric vehicles (EVs) are more technologically mature than fuel cell vehicles. EV technology has been developed and refined over many years, leading to widespread adoption, better infrastructure, and more competitive pricing. Furthermore, there is a more extensive and developed infrastructure for charging electric vehicles compared to hydrogen refueling stations for fuel cell vehicles. The proliferation of charging stations in urban areas makes it more feasible for logistics companies to deploy and operate electric logistics vehicles efficiently.
By Type
The express logistics segment is expected to grow faster throughout the forecast period.
The express logistics segment is anticipated to experience faster growth in the urban logistics market as modern consumers demand quick and efficient delivery services. Express logistics providers cater to this need by offering speedy and reliable delivery solutions, often featuring real-time tracking and flexible delivery windows, which significantly contribute to their market dominance. Moreover, express logistics is crucial for businesses that require time-sensitive deliveries, such as perishable goods, pharmaceuticals, and urgent documents. The ability to provide expedited shipping options makes express logistics indispensable for many industries.
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By Region
North America to maintain its dominance by 2033.
North America is expected to maintain its dominance in the urban logistics market by 2032 owing to North America, especially the U.S., experiencing a significant surge in e-commerce activity. The region is home to some of the largest e-commerce companies in the world, including Amazon, which has heavily invested in urban logistics infrastructure to meet the growing demand for fast and reliable delivery services. The region boasts well-developed transportation and logistics infrastructure, including an extensive network of highways, airports, and seaports. This advanced infrastructure supports efficient urban logistics operations, allowing for the quick and effective movement of goods within urban areas.
Leading Market Players :
Amazon
Alibaba Group
DHL
FedEx
JD.com
Maersk
SF Express
Uber Freight
UPS
XPO Logistics
The report provides a detailed analysis of these key players in the global urban 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 dominant shares 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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Recent Industry News
In January 2024, Global Village Shipping (GVS) partnered with BITS Pilani in the field of transportation and logistics. The objective of this partnership is to address key challenges and explore opportunities in the transportation and logistics sectors. This could involve studying emerging technologies, optimizing supply chain processes, or analyzing market trends to drive innovation and efficiency.
In February 2023, Paloma, a well-established logistics company, made the strategic decision to sell its Amazon unit to a rapidly growing urban logistics platform. This move reflects Paloma's focus on optimizing its business portfolio and aligning with emerging trends in the logistics industry. By divesting its Amazon unit, Paloma aims to streamline its operations and allocate resources more effectively to areas of growth and innovation. Meanwhile, the urban logistics platform, poised for expansion in the dynamic urban logistics market, sees the acquisition of Paloma's Amazon unit as an opportunity to strengthen its presence and capabilities in last-mile delivery and e-commerce logistics.
In May 2024, Patrizia has acquired a 10-property urban logistics portfolio in Sweden, which will serve as the foundational asset for a EUR 300 million platform aimed at the Nordic urban industrial and logistics market. This investment is part of a strategic joint venture partnership with Broadgate Asset Management, a leading Nordic real estate operating partner. The collaboration leverages Patrizia's investment expertise and Broadgate's local market knowledge to capitalize on the growing demand for urban logistics in the Nordic region.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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