Retail logistics market is presently valued at USD 252.37 billion and is anticipated to expand at a CAGR of 12.3% over 2022-2030, thereby amassing USD 639.14 billion by end of the forecast duration.
The methodical process of managing and ensuring the flow of goods from the supplier to the buyer is known as retail logistics. Products from a wide range of manufacturers, wholesalers, and distributors are sold. This has made it necessary to plan the transportation of different items in a methodical manner up until delivery to the client or consumer. By using efficient logistics and added value, retail logistics makes sure everything is set up to provide better delivery and service at reduced costs. With the population and disposable income of consumers around the world continuing to rise, the retail logistics industry is predicted to expand over the course of the forecast period.
Market overview:
The retail logistics industry is expected to grow in the near future as a result of the last-mile delivery method used by the retail e-commerce market. Distributors and brick-and-mortar businesses are at a disadvantage since customers may compare products from different internet sources based on delivery times, prices, features, specifications, and compatibility requirements. The retail e-commerce business is growing as a result of these benefits over brick and mortar establishments, and this trend is expected to last for the foreseeable future.
The retail logistics market is expanding rapidly due to the explosive growth of the e-commerce sector.
The retail logistics business is hampered by challenging geopolitics and regulatory obstacles related to rising protectionism in global trade.
In the forecasted period, opportunities for the retail logistics industry are provided by rising urbanisation, rising disposable income, and shifting consumer habits.
COVID-19 Impact:
The COVID-19 epidemic has significantly impacted retail logistics businesses. The industry experienced a brief downturn in the first and second quarters of the pandemic because of a lack of personnel and supply chain problems. Later, when consumers shifted away from in-store purchases in favour of online shopping, the demand for distribution and logistical services provided by retail logistics companies expanded.
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Global Retail Logistics Market- Segmental Assessment
By Type
- Conventional Retail Logistics
- E-commerce Retail Logistics
By Solution
- Commerce Enablement
- Supply Chain Solutions
- Reverse Logistics Liquidation
- Transportation Management,
- Others
By Transport Outlook
- Railways
- Airways
- Roadways
- Waterways
Key Companies:
C.H. Robinson Worldwide Inc., Deutsche Post AG, Expeditors International of Washington Inc., FedEx Corp., J.B. Hunt Transport Services Inc., Kuehne + Nagel International AG, Penske Truck Leasing Co. LP, Ryder System Inc., United Parcel Service Inc., and XPO Logistics Inc.
Notably, in April 2020, FedEx announced a partnership deal with BigCommerce Pty. Ltd., a provider of open SaaS e-commerce platform.
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Frequently Asked Questions:
- How big is the U.S. retail logistics market?
- What is the U.S. retail logistics market growth?
- Which segment accounted for the largest U.S. retail logistics market share?
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- What are the factors driving the U.S. retail logistics market?
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