E-commerce Logistics Market - Expected to Surpass US$781 bn in 2024

The imminent explosion of cross-border e-commerce websites will cause a stir in the global e-commerce logistics market, predicts TMR in a new study. The market will also receive a boost from the availability of low-cost cargo. Already, the spread of B2C and C2C e-commerce websites has resulted in an increase in the demand for both domestic and international e-commerce logistics.

Sellers are now expecting a greater degree of transparency and efficiency in their chosen e-commerce logistics providers. This will also pave the way for higher customization in e-commerce logistics services.

At the same time, companies providing these services are trying for look for practical ways to reduce costs – especially those associated with reverse logistics. Among the key services that e-commerce logistics companies provide are warehousing and transportation along with some other types of niche services.

The global e-commerce logistics market is expected to surpass US$781 bn in 2024, up from its valuation of US$122.2 bn in 2014. The estimated CAGR of the market between 2016 and 2024 is 20.6%.

Transportation Segment to Lead in Terms of Revenue Given its Pivotal Role in Delivery Process

TMR finds that in 2015, the transportation segment was larger than the warehousing segment of the global e-commerce logistics market by service type.

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This is explained by the fact that transportation is important all through the e-commerce logistics process and will gain even more importance as all large and small companies target last-mile delivery.

The transportation segment has been split further into air/express delivery, trucking/over road, freight/rail, and maritime. Of these, the trucking and over road segment accounts for the larger share because it is the most prevalent transportation method.

The preference for trucking and over road transportation is further elevated with the logistical difficulties and costs associated with rail and air transport.

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TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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This release was published on openPR.