Retail Logistics Market Size Expected to Yield USD 622 Billion

Acumen Research and Consulting recently released a report titled “Retail Logistics Market, Share, Regional Analysis and Forecast Report, 2022-2030”

TOKYO, July 24 2022 (GLOBE NEWSWIRE) — The Global Retail logistics market the size accounted for USD 231 billion in 2021 and is expected to reach USD 622 billion by 2030.

According to our forecast of the global retail logistics market, the rapid increase in e-commerce sales is propelling the growth of the industry. Growing customer digital literacy and the advent of e-commerce have changed the face of retail logistics. These factors, coupled with continued urbanization and dual-income family units, are impacting consumer preferences and prospects in both developed and emerging economies. One of the significant trends in the retail logistics market includes advancements in the retail industry. In addition, the increasing penetration of smartphones and the increase in the number of Internet users are supporting the rapid expansion of the retail logistics market revenue.

Impact of COVID-19 on the Global Retail Logistics Market

The ongoing COVID-19 pandemic has had a huge impact on the global economy in three different ways: it has hampered profitability, directly hurt production and demand, and depleted enough capital and cash flow. Treasury. The COVID-19 pandemic is affecting retail logistics companies the same way. After being completely shut down for more than 3 months, retail is struggling to get back on track. Retail, like other consumer industries, depends on customer behavior and engagement, and it is struggling to keep up with the change in customer behavior brought about by lockdown. Retail is grappling with a shortage of data on top of falling revenue.

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Market Retail logistics market
Market size 2021 $231 billion
Market Forecast 2030 $622 billion
CAGR from 2022 to 2030 12%
Analysis period 2018 – 2030
base year 2021
Forecast data 2022 – 2030
Segments Covered By type, by solution, by mode of transport and by geography
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Profiled Key Companies APL Logistics Ltd, CH Robinson Worldwide, AP Moller-Maersk, Inc.,
DSV, DHL International GmbH, FedEx, Nippon Express, Kuehne + Nagel International,
United Parcel Service, Schneider and XPO Logistics, Inc.
Report cover Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis
Scope of customization 10 a.m. free customization and expert advice

Retail logistics market dynamics

The implementation of robotics and robotic process automation in the retail industry has benefited the global retail logistics market value. Robotics will become more accessible and versatile in the coming years, with robots soon able to pick items from warehouse and store shelves. There will be an increase in another platform-based service known as robot-as-a-service, which will help reduce deployment and maintenance costs. MetraLabs provided a particularly intriguing use case. TORY, their robot with an RFID scanner and navigation system, roams the store at night, scanning RFID items and taking inventory.

Growing demand for digital signage and digital price tags is also expected to drive the retail logistics market revenue. The importance of digital signage solutions has recently increased significantly. Digital price tags, especially those equipped with technologies such as E Ink, Bluetooth and NFC, are becoming increasingly popular. Digital signage solutions are a key driver for bringing customer-valuing aspects of e-commerce into the physical retail world.

The significant consumer need for omnichannel logistics solutions will create traction in retail logistics sales. Savvy people are starting to perceive the omnichannel retail experiences of their favorite brands, which means a consistent and seamless experience across all channels such as online, mobile, and in-person. If a customer buys something online, for example, the omnichannel model states that the item can be returned to any physical store, regardless of where it was purchased.

Moreover, the advent of big data analytics in the retail sector is one of the lucrative opportunities for market growth. For retail logistics operations, big data analytics opens up endless possibilities. It helps supply chain professionals identify bottlenecks and streamline the flow of goods/resources throughout the warehouse and supply chain. UPS, for example, was able to deliver 350,000 more shipments, emit 20,000 tons less carbon dioxide, and save 10 million gallons of fuel by using big data analytics (via ORION) to optimize routing.

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Segmentation of the global retail logistics market

The global retail logistics market has been segmented into type, solution, mode of transport and region. The Type segment is divided into Conventional Retail Logistics and E-Commerce Retail Logistics. Among them, the conventional retail logistics segment achieved significant retail logistics market share in 2021.

Based on the solution, the market is bifurcated into reverse logistics and liquidation, trade enablement, transportation management, supply chain solutions, and others. In 2021, the supply chain solutions segment generated maximum revenue.

Roads, airways, waterways and railways are covered under the mode of transportation segment. Road transport mode is expected to dominate the market in terms of size.

Retail Logistics Market Regional Overview

The regional outlook of the global retail logistics market is given for Asia-Pacific, North America, Europe, Latin America, Middle East & Africa. Among all regions, Asia-Pacific accounted for leading market share throughout the forecast period from 2022 to 2030. The region’s large consumer base for product lines is contributing to the growth fast e-commerce services. Additionally, countries such as India, Japan, China, and Australia are among the top exporters of goods and account for a significant share of global e-retail sales. As a result, the continuously growing e-commerce sector in the region is the main driving force behind the market. However, owing to the significant growth in the food and beverage industry for online delivery, North America and Europe are the other major contributors to the global retail logistics market revenue.

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Retail Logistics Market Players

Some retail logistics companies covered worldwide include APL Logistics Ltd, CH Robinson Worldwide, AP Moller – Maersk, Inc., DSV, DHL International GmbH, FedEx, Nippon Express, Kuehne + Nagel International, United Parcel Service, Schneider and XPO Logistics, Inc. .

Browse more logistics industries research topics:

The Global Logistics Automation Market taken into account $55 billion in 2021 and is expected to reach $133 billion by 2030, with a significant 10.7% CAGR from 2022 to 2030.

The Global Healthcare Logistics Market taken into account $77.9 billion in 2021 and is expected to reach $158.5 billion by 2030 with a considerable number 8.3% CAGR during the forecast period from 2022 to 2030.

The Global E-Commerce Logistics Market taken into account $845 billion in 2020 with a considerable number 20% CAGR during the forecast period from 2021 to 2028.

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