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E-Commerce Logistics Market Segments by Operational Area (International, Domestic); by Service Type (Transportation, Warehousing.) and Region - Global Analysis of Market Size, Share & Trends for 2019 - 2020 and Forecasts to 2030
Logistics is a term used to define the way the resources are managed, stored, and subsequently delivered to their destinations. E-commerce logistics is a technological application with traditional logistics principles. Logistical services include the preparation, execution, and monitoring of goods and services transportation. Due to the increasing complexity of logistics, technology has become important to secure the service in an efficient as well as reliable manner.
Global E-Commerce Logistics Market to surpass USD 548.36 billion by 2030 from USD XX billion in 2020 at a CAGR of 14.52% in the coming years, i.e., 2021-30. The expansion of e-commerce startups and the rising cross-border e-commerce practices is anticipated to push the e-commerce logistics market during the forecasted years. In the next years, too, the growth of the e-commerce sector is expected to boost the market. In addition, a number of advantages from e-commerce logistics are expected to augment market demand during the projected timeframe, such as the facility to implement e-commerce logistic services and the increased reliability, real-time insight into product transports, and improvement in customer satisfaction.
Global E-Commerce Logistics Market is segmented by Service Type into Transportation, Warehousing. The warehousing division consists of returns processing centers hubs/delivery centers, and mega centers, whereas the transportation division is divided into trucking/over road, air/express delivery, freight/rail, and maritime. Transport services generated the highest turnover in 2020, whereas, the warehouse sub-section is expected to grow most rapidly during the projected timeframe.
Global E-Commerce Logistics Market is divided by Operational area into International, Domestic. The domestic segment is anticipated to grow at the highest CAGR due to rising demand from daily household users. The convenience offered by E-Commerce logistics makes it popular amongst domestic users.
In several applications, the expansion of online technology has led to the rate of adoption of e-commerce logistics. The market growth is largely fueled by variables such as the increase of cross-border electronic commerce and an increase of Internet penetration, solely in the developing nations, will lead to the growth of this market, as it will deepen the total consumption of international products in different regions.
E-commerce logistics market is motivated with many key factors, such as growing national and domestic players, extensive rail connectivity, growing e-commerce market, and cheap workers. Global logistics markets are ruled by world giants and regional actors exploring the unexploited region of the world. Indian infrastructure improved throughout the year. India, for example, is the fifth-largest rail link and has a great rail network that connects large areas throughout India.
The market is likely to be restricted by factors like a lack of knowledge of this system and the concerns regarding the lack of system safety. Logistics companies restrain their access to the rural areas of the nation covering a large section of the region's underdeveloped country infrastructure. It also lowers logistics companies' reach and connectivity. Furthermore, increased crude oil prices and their instability also impact the logistics companies, which affect market players' profit margin. The average freight movement rate is significantly slower than the global average on Indian roads.
XPO Logistics
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global E-Commerce Logistics Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. During the projected timeline, APAC ought to have the highest share in the total market for E-Commerce Logistics. This market has been segmented into China, Japan, South Korea, and APAC's Rest (RoAPAC). RoAPAC contains Singapore, Thailand, Malaysia, India, New Zealand, and Australia. China is the nation's biggest APAC market. Due to the rise in economic activity over the online channel in this area, the Asia Pacific held the largest market share.
E-Commerce Logistics Segments:
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