Press release
Retail Logistics Industry Set to Achieve $390.92 Billion Milestone by 2029 | Steady 10.2% CAGR
Retail Logistics
What Is the Long-Term Growth Forecast for the Retail Logistics Market Size 2025?
The growth of the retail logistics market has been impressive over the past few years. The projected leap from $241.33 billion in 2024 to $265.32 billion in 2025 marks a substantial compound annual growth rate (CAGR) of 9.9%. The expansion seen in previous years can be traced back to factors such as escalating globalization trends, the rise in retail e-commerce operations, intensified economic activity, expansion of the retail logistics sector, and the widespread adaptation of smartphone usage.
What CAGR is Forecasted for the Retail Logistics Market Through 2029?
The size of the retail logistics market is predicted to expand quickly in the coming years, reaching a total of $390.92 billion by 2029, a progression distinguished by a compound annual growth rate (CAGR) of 10.2%. This growth during the forecast period can be associated with factors such as the demand for proficient order fulfillment, streamlined supplier coordination, expanding urban populations, regulatory restrictions, and a rise in disposable income. Key trends over the forecast period include the utilization of robotics, innovations in last-mile delivery, sustainability efforts, the integration of omnichannels, and same-day and hyperlocal deliveries.
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What Are the Strategic Drivers Boosting Retail Logistics Market Performance?
The escalation in the e-commerce industry is anticipated to drive the expansion of the retail logistics market in the future. E-commerce is all about carrying out business transactions electronically via the internet. The industry is growing due to rising internet usage, the ease of online shopping, and the growth of digital payment methods. Retail logistics plays a crucial role in e-commerce by ensuring goods are properly stored, managed and delivered, thereby improving customer satisfaction through precise and prompt order fulfillment. For example, a survey by the European Commission in April 2024 showed that 92% of individuals aged 16-74 had used the internet in the last year, and 70% of them bought goods or services, marking a 2% rise compared to 2022. Furthermore, 75% of EU internet users purchased items online in 2023, underlining the ongoing rise of e-commerce. Consequently, the upward trend in the e-commerce industry is powering the expansion of the retail logistics market.
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How Does the Retail Logistics Market Break Down Across Major Segments?
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
What Are the Major Trends Transforming the Retail Logistics Industry?
Prominent players in the retail logistics market are introducing high-tech products such as location intelligence solutions to improve customer service with cutting-edge features. These solutions utilize geographic data to provide insightful analytics for informed business decisions. For example, Delhivery, a logistics company based in India, launched LocateOne, an API-driven location intelligence stack in September 2023. It improves the quality and accuracy of address data, especially rooftop precision and prevents fraudulent activities in retail, commerce, fintech, banking, and financial services industries. Delhivery promotes its novel solution, powered by a patent-protected address disambiguation and identification technology, positioning itself to propel operational superiority in commerce. The company envisions its OS1 platform as the nerve center for commerce, offering businesses considerable possibilities for smoother operations.
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Which Players Are Driving Innovation in the 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
Which Regions Are Driving Global Retail Logistics Market Expansion?
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.
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