Press release
Retail Logistics Market Size Forecasted To Achieve $394.1 Billion By 2029 With Steady Growth
Retail Logistics
What Is the Retail Logistics Market Size and Projected Growth Rate?
The retail logistics market, worth $241.33 billion in 2024, is projected to grow to $266.74 billion in 2025 at a CAGR of 10.5%. Growth factors include greater globalization, the rise of retail e-commerce, increasing global economic activity, expansion of logistics services, and growing smartphone penetration.
The retail logistics market is expected to experience rapid growth, reaching $394.1 billion by 2029 at a CAGR of 10.2%. This growth is driven by the need for efficient order fulfillment, effective supplier coordination, growing urban populations, regulatory pressures, and rising disposable incomes. Key trends include the adoption of robotics, innovations in last-mile delivery, sustainability efforts, omnichannel integration, and same-day and hyperlocal deliveries.
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What Are the Major Segments in the Retail Logistics Market?
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
Subsegments:
1) By Conventional Retail Logistics: In-Store Logistics, Distribution Centers And Warehousing, Inventory Management, Last-Mile Delivery For Physical Stores
2) By E-Commerce Retail Logistics: Fulfillment Centers, Cross-Border E-Commerce Logistics, Return Logistics (Reverse Logistics), Last-Mile Delivery For Online Orders
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What Are The Driving Retail Logistics Market Evolution?
Growth in the e-commerce sector is expected to boost the retail logistics market. E-commerce includes online commercial transactions and is growing due to better internet access, ease of shopping, and digital payment options. Retail logistics supports e-commerce through efficient warehousing, inventory handling, and timely deliveries. According to the European Commission in April 2024, 92% of individuals aged 16-74 used the internet in the past year, and 70% made online purchases-a 2% increase from 2022. Furthermore, 75% of EU internet users shopped online in 2023. Therefore, e-commerce growth is driving the retail logistics market.
Which Firms Dominate The Retail Logistics Market Segments?
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
What Retail Logistics Market Trends Are Gaining Traction Across Different Segments?
Companies in the retail logistics market are focusing on location intelligence solutions to improve customer service with advanced features. In September 2023, Delhivery, an India-based logistics company, launched LocateOne, a location intelligence solution that enhances address data quality and accuracy. The solution helps reduce fraud in sectors like retail, fintech, and banking by improving rooftop precision and address disambiguation, positioning Delhivery's platform as a key tool for optimizing operational efficiency in commerce.
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Which Is The Largest Region In The Retail Logistics Market?
North America was the largest region in the retail logistics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Retail Logistics Market?
2. What is the CAGR expected in the Retail Logistics Market?
3. What Are the Key Innovations Transforming the Retail Logistics Industry?
4. Which Region Is Leading the Retail Logistics Market?
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