E-commerce Logistics Market - Global Industry Analysis, Growth, Trends and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 07/13/2018 -- The rise in adoption of e-commerce websites all over the world, is expected to cause a surge in demand for e-commerce logistics in the global market. The market is also foreseen to be fueled by easy availability of cost- effective cargo. Moreover, the emergence of C2C and B2C e-commerce sites has resulted in a high demand with respect to international and domestic logistics, both.
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Penetration of Transport Industry to Fuel Demand in Overall Market
Vendors are anticipated to experience a high level of efficiency and transparency among their particular e-ecommerce logistics service providers. This factors is estimated to present a good scope of improved customization in the e-commerce logistics services, contributing in the growth of the global e-commerce logistics market. Simultaneously, the firms that are catering this facilities, are working upon to figure out some practical ways to reduce expenses, particularly the ones that are involved into reverse logistics as well. Transportation and warehousing and some more niche services are facilitated by e-commerce logistics firms.
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The global e-commerce logistics market is anticipated to expand at a healthy CAGR of 20.6% within the forecast period from 2016 to 2024. In 2014, the market was valued around worth of US$122.2 bn, which is figured to rise around US$781 bn by the end of 2024.
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Mergers Among Firms to be Major Strategy in Upcoming Years
Based on service type, the transportation segment dominated the global e-commerce logistics market, and was a bigger contributor than the warehousing segment. This is attributed to the fact that transport is an major factor in e-commerce logistics delivery and thus, is foreseen to lead the market, gaining more traction from big and small firms all over the world.