Retail Logistics Market Analysis Report By Type, By Solution, By Mode Of Transport, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global retail logistics market was prized by USD 205.44 billion in 2020. It is likely to witness 11.8% CAGR from 2021 to 2028.

Drivers

The retail logistics arrangement makes possible an even flow of non-durable as well as long-lasting merchandise, from a variety of major distributors and suppliers to the clients. In addition, the exercise of logistics in the retail commerce has made possible small implementation overheads, concise delivery times, and capability to concentrate on the service deliverance, considerably, then on managerial procedure.

The requirement for retail logistics is observing an incremental gush because of the growth in worldwide trade actions, particularly in rising markets. Improvements in logistics infrastructure are expected to stimulate the expansion of the market for retail logistics.

As a result of the growth in globalization, the worldwide retailers have turned into strongly aggressive. Therefore, the market is observing strong rivalry between global retailers, setting up the new-fangled supplies in emergent nations for example Asia Pacific.

This is pushing the escalation in business actions, which makes easy transport amid the diverse states, consequently, causing an increase in demand for the retail logistic services to accelerate product transport. The last-mile delivery system in the market for retail e-commerce is likely to boost the enlargement of the retail logistics business, during near future.

Effect of Covid-19

The current Covid-19 pandemic has taken an adverse effect on the worldwide financial system, mainly in three manners, such as openly upsetting demand for the product along with its manufacture, restraining productivity in addition to, dry out the financial reserves as well as the cash runs. Similarly, the retail logistics companies are disturbed by the Covid-19 pandemic.

As a result of a scarcity of manual labor over and above disturbance in supply chain, the business experienced a small hindrance for the period of the early stages of the pandemic, in Q1 and Q2.

Afterward, the customers evading the in-store procurement and choose for online shopping, the enlargement in online orders, generated an extraordinary stress on retail logistics companies' transport along with the logistics services.

Solution Insight

The supply chain solutions division held the main, 34.60% revenue share of the retail logistics market, in 2020. It is estimated to carry on its supremacy, all through the forecast period. The supply chain makes possible punctual deliverance, efficiently deal with client returns, optimizes Omni-channel functions, plus order completion.

The reverse logistics & liquidation division is projected to record significant expansion, during the forecast period. The rising e-commerce business along with the successive growth in the figure of e-shoppers is giving rise to growing demand for the strong reverse logistics services.

Type Insight

The conventional retail logistics section held the major, 56.70% revenue share of the retail logistics market, in 2020. It is estimated to stay leading, during the forecast period. The greater share is credited to increasing acceptance of usual retail logistics services via customers, by way of restricted reliance on the Internet. Consequently, this adds to their liking for conventional retail supplies.

The e-commerce retail logistics section is anticipated to appear like the highest increasing section, recording a 12.5% CAGR, throughout the forecast period. Principally, the augmentation is credited to the global eruption of the Covid-19 pandemic, where e-commerce routes observed unexpected expansion, in terms of the transactions.

In addition, the rising infiltrations of internet together with benefits like abridged shipping costs, effortless as well as free exchange or returns, quick deliverance, and enormous choice for the product plus others, are adding to the elevated expansion of the section.

Mode of Transport Insight

The roadways mode of transport sector held the major, 52.87% revenue share of the retail logistics market, in 2020. It is projected to maintain its supremacy, during the forecast period. The extraordinary share is credited to the increasing demand for the roadways vehicles, during extended distance carrying of the retail goods, particularly in national areas. Furthermore, it offers greater transportation capability, creating it a preferable alternative. A number of government schemes are, moreover, behind the expansion of the sector.

The vast road connectivity between each and every one developed nation as well as growing road connectivity within the emergent nations is an additional most important aspect increasing demand for the roadways mode of transport sector.

Regional Insight

In 2020, Asia Pacific held the main, 25.98% revenue share of the global retail logistics market. On the background of the greater expansion of e-commerce together with the existence of a huge customer base meant for the retail goods, Asia Pacific is likely to carry on its domination, during the forecast period.

The nations like Australia, India, China and Japan are between the topmost 10 exporters of the products and hold bigger segment of international retail e-commerce sales. Therefore, the sound enlargement predictions of the e-commerce business within the region are the basic reasons behind the expansion of the local market.

Besides, rising concentration on transport procedure and a number of continuing developments of logistics infrastructure within the emergent nations are the additional factors, estimated to increase the enlargement of the local market.

North America is, moreover, expected to display a substantial share in 2020. The attendance of some main companies, supporting expansion of the local market.

Companies

The major companies are taking on various approaches such as mergers & acquisitions with medium and small sized companies, service range expansion, and joint venture to augment the customer base. The joint venture intends to assist online trade of medium as well as small businesses and keep on linked to trade along with deliver.

Some of the companies for retail logistics market are:

• DHL International GmbH
• United Parcel Service
• FedEx
• C.H. Robinson Worldwide, Inc.
• DSV
• A.P. Moller - Maersk
• APL Logistics Ltd
• Schneider
• Nippon Express
• Kuehne + Nagel International
• XPO Logistics, Inc.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. For this study, Million Insights has segmented the global retail logistics market report based on type, solution, mode of transport, and region:

• Type Outlook (Revenue, USD Billion, 2016 - 2028)
    • Conventional Retail Logistics
    • E-Commerce Retail Logistics

• Solution Outlook (Revenue, USD Billion, 2016 - 2028)
    • Commerce Enablement
    • Supply Chain Solutions
    • Reverse logistics & liquidation
    • Transportation Management
    • Others

• Mode of Transport Outlook (Revenue, USD Billion, 2016 - 2028)
    • Railways
    • Airways
    • Roadways
    • Waterways

• Regional Outlook (Revenue, USD Billion, 2016 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
        • France
    • Asia Pacific
        • China
        • India
        • Japan
        • Australia
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa