The e-commerce logistics market is expected to garner $535,895 million by 2022, registering a CAGR of 21.2% during the period 2016-2022.
Portland, OR -- (SBWIRE) -- 06/08/2017 -- A new report published by Allied Market Research titled, "E-Commerce Logistics Market by Service Type, Operational Area, and Geography—Global Opportunity Analysis and Industry Forecasts, 2014–2022," projects the e-commerce logistics market is expected to garner $535,895 million by 2022, registering a CAGR of 21.2% during the period 2016-2022. The transportation service type generated the largest market share in 2015 while warehousing sub-segment is expected to register fastest growth during the forecast period 2016-2022. Asia-Pacific is expected to be the largest market over the forecast period.
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Booming e-commerce industry, execution in 3PL, and enhanced relationships with customers & suppliers provide heightened growth avenue for the e-commerce logistics industry. Retailers have revamped their traditional warehouses to cater to the requirements of e-commerce and logistics to improve the store-level inventory accuracy and increase their ability to serve larger consignments. Further, supply chain solutions are being customized to serve the user requirements with the transformed fundamentals of product distribution and advancements in technology. Additionally, business analytics has assisted logistics professionals in increasing the speed and efficiency of work processes.
The extended execution of supply chain footprint is highly opportunistic for the market growth. However, factors such as high deployment of warehouse management solutions and regulatory issues restrict the market growth to a considerable extent.
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In 2015, transportation sub-segment dominated the market; however, warehousing service type is anticipated to witness the fastest growth over the forecast period. The integration of e-commerce logistics with transportation management software (TMS) has boosted the e-commerce logistics market growth. TMS aids in planning deliveries across the supply chain. Furthermore, optimizing the flow of goods and leveraging consolidated capacity have increased the growth potential of the market. Further, the domestic operational area leads the global e-commerce logistics market and international operational area portrays the fastest growth rate in the global market.
Key Findings of the E-Commerce Logistics Market:
- Transportation is expected to exhibit a significant growth in the e-commerce logistics market
- Domestic operational area generated the highest revenue as compared to international area and is anticipated to maintain its dominance over the forecast period
- LAMEA is projected to exhibit a substantial growth during the forecast period
The key players in the global e-commerce logistics market include DHL International GmbH, Aramex International, FedEx Corporation, S.F. Express, Gati Limited, Amazon, Kenco Group, Inc., Ceva Holdings LLC, United Parcel Service, Inc., and Clipper Logistics Plc.