Surge of cross-border e-commerce activities, sales of foreign goods, and rise in internet penetration, especially in developing countries. drive the growth of the global e-commerce logistics market. The outbreak of the COVID-19 had a positive impact on the growth of the e-commerce logistics market, owing to temporary closure of retail shops worldwide.
According to the report published by Allied Market Research, the global e-commerce logistics market generated $235.7 billion in 2020, and is projected to reach $1901.9 billion by 2030, witnessing a CAGR of 23.5% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
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Vineet Kumar, a Manager, ICT & Media at Allied Market Research, stated, “E-commerce logistics market trends in Asia-Pacific is expected to exhibit highest growth during the forecast period, owing to strong economic growth along with the ongoing development in e-commerce logistics and inventory management, which drive organizations to invest heavily in e-commerce logistics market to sustain growth and improve productivity. In addition, factors such as major shift toward digital transformation, cloud deployment & technological advancement among small & medium businesses, and continuously ongoing modernization in work force management strategy in emerging economies notably contribute toward the market growth. Furthermore, key players in Asia-Pacific are focused on enhancing their operations and increasing their overall efficiency to stay competitive in the market, which is expected to provide lucrative opportunities for the growth of the market during the forecast period.”
COVID-19 scenario:
- The outbreak of the COVID-19 had a positive impact on the growth of the e-commerce logistics market, owing to temporary closure of retail shops worldwide.
- E-commerce logistics helped enterprises to address the extensive capacity demand of supply chain during the pandemic.
The report offers detailed segmentation of the global e-commerce logistics market based on service type, operational area, and region.
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By service type, the transportation segment dominated the e-commerce logistics market in 2020. However, the warehouse segment is expected to exhibit significant growth during the forecast period.
By operational areas, the international segment dominated the e-commerce logistics market in 2020. However, the domestic segment is expected to exhibit significant growth during the forecast period.
By region, the E-commerce logistics market was dominated by North America. However, Asia-Pacific is expected to witness significant growth in the coming years.
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Leading players of the global e-commerce logistics market analyzed in the research include DHL International GmbH, Aramex International, FedEx Corporation, S.F. Express, Gati Limited, Amazon.com, Inc., Kenco Group, Inc., Ceva Holdings LLC, United Parcel Service, Inc., and Clipper Logistics Plc.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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