Press release
Ecommerce Order Fulfillment Service Market Set to Surge - Key Insights You Must Know
Ecommerce Order Fulfillment Service Market SizeThe global market for Ecommerce Order Fulfillment Service was valued at US$ 120780 million in the year 2024 and is projected to reach a revised size of US$ 236620 million by 2031, growing at a CAGR of 10.2% during the forecast period.
Ecommerce order fulfillment is the process of storing, packing, shipping, and delivering products that have been ordered online. It is an essential part of the ecommerce business model, as it ensures that customers receive their orders quickly and accurately.
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According to International Telecommunication Union (ITU), the global Internet users (online population) were more than 5 billion. And the number of online shoppers was also increasing. In 2022, the global e-commerce market penetration rate increased to 19.7%, and the e-commerce market reached $5.5 trillion. At the same time, the Asian e-commerce market ranked at the top of the revenue ranking, which has reached $1.8 trillion. According to the National Bureau of Statistics, China was the largest online retail market in 2022, with online retail sales of 13.79 trillion yuan and a year-on-year increase of 4%. Among them, the online retail sales of physical goods were 11.96 trillion yuan, with a year-on-year increase of 6.2%, which accounted for 27.2% of the total retail sales of consumer goods.
This report aims to provide a comprehensive presentation of the global market for Ecommerce Order Fulfillment Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Ecommerce Order Fulfillment Service.
The Ecommerce Order Fulfillment Service market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Ecommerce Order Fulfillment Service market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
By Type
• Dropshipping
• Third-Party Fulfillment (3PL)
By Application
• Beauty and Personal Care
• Books and Stationery
• Consumer Electronics
• Clothing and Footwear
• Sports and Leisure
Key Companies
Amazon, FedEx, eFulfillment Service, Ingram Micro, Rakuten Super Logistics, Red Stag Fulfillment, ShipBob, Shipfusion, Xpert Fulfillment, Sprocket Express, United Parcel Service, ShipWire, Red Stag, InsightQuote, Fulfillify, IDS Fulfillment, VelocityShip, Ships-a-Lot
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