Retail Logistics Market Research Report 2024
Retail Logistics Market Global Industry Analysis and Forecast (2024-2032) By Type (Conventional Retail Logistics, E-commerce Retail Logistics), Solution (Commerce enablement, Supply chain solutions, Reverse logistics & liquidation, Transportation Management), Mode of Transport (Roadways, Railways, Airways, Waterways), And Region
Retail Logistics Market Synopsis
Retail Logistics Market Size Was Valued at USD 271.02 Billion in 2023 and is Projected to Reach USD 860.69 Billion by 2032, Growing at a CAGR of 13.7% From 2024-2032.
The entire process of controlling the flow of products from the source of supply to the buyer is known as Retail Logistics.Retail logistics is used in inventory management for overseeing inventory levels in numerous warehouses, distribution centers, and retail stores. This encompasses monitoring stock levels, optimizing inventory allocation, and automating inventory replenishment.Retail logistics in order fulfillment is efficient by quickly processing and shipping customer orders. This involves selecting, packaging, and delivering orders from storage facilities or distribution centers to clients. Retail logistics offers visibility into the supply chain, allowing retailers to monitor shipments, handle inventory, and streamline logistics operations in real-time.
Retail logistics involves optimizing delivery routes to decrease transportation expenses, decrease emissions, and enhance delivery timings. Managing warehouse operations in retail logistics involves overseeing tasks such as receiving, storing, and shipping inventory, while also enhancing warehouse layout and staffing for efficiency.The process of auditing and paying freight bills in the retail industry, known as Freight Audit and Payment, is essential for ensuring that carriers receive accurate and timely payments. Reverse Logistics needs to oversee the return, repair, and recycling of products in retail, aiming to minimize waste and enhance customer contentment.
Last-mile delivery in retail logistics focuses on enhancing customer convenience and satisfaction by efficiently managing same-day, next-day, and two-day delivery services. Drop shipping allows products to be sent directly from suppliers to customers, cutting inventory costs and enhancing delivery speeds in retail logistics.Retail logistics involves handling in-store pickup choices, allowing customers to order online and collect items in-store, enhancing customer convenience, and cutting down on shipping expenses. Retail logistics requires meeting orders through various channels such as online, in-store, and mobile, to offer customers a smooth experience.Retail industry involves Product tracking and monitoring products as they move through the supply chain to enhance product safety, decrease counterfeit goods, and build customer confidence.In 2023, the global logistics industry continued to recover from the COVID-19 pandemic hit with a market size of approximately 9.41 trillion U.S dollars.
Top Active Players Involved Are:
“DHL Supply Chain (Germany), UPS Supply Chain Solutions (United States), FedEx Logistics (United States), XPO Logistics (United States), Kuehne + Nagel (Switzerland), DB Schenker (Germany), CEVA Logistics (France), Nippon Express (Japan), DSV Panalpina (Denmark), C.H. Robinson (United States), Expeditors International (United States), Ryder Supply Chain Solutions (United States), J.B. Hunt Transport Services (United States), Geodis (France), Sinotrans (China), Hitachi Transport System (Japan), Maersk Logistics (Denmark), Yusen Logistics (Japan), Agility Logistics (Kuwait), Toll Group (Australia), GEFCO (France), Hellmann Worldwide Logistics (Germany), Panalpina (Switzerland), Kintetsu World Express (Japan), Bolloré Logistics (France) and Other Active Players. and Other Active Players.”
Retail Logistics Market Trend Analysis
Growing International Trade
- Increased global trade is a major factor in the retail logistics industry, With the continuous growth of global trade, retailers are increasingly seeking opportunities to enter new international markets and target new customer demographics.
- The expansion is the increase in international e-commerce has allowed customers to shop from anywhere in the world, prompting retailers to send products directly to international customers. This has led to a demand for logistics companies that can successfully navigate intricate customs regulations, oversee global shipping, and ensure prompt delivery to customers all over the world.
- The expansion of global trade has resulted in a rise in the transportation of products between different countries. Retailers need logistics partners capable of handling global shipping, such as customs clearance, storage, and transportation. The need for retail logistics providers that specialize in international shipping services, such as air and ocean freight, along with customs brokerage.
- The rise of global trade has also resulted in a complex significance of supply chain visibility and transparency. Retailers must have the capability to monitor their shipments instantly, handle inventory levels, and swiftly adapt to fluctuations in demand. The use of digital technologies, like transportation management systems and global trade management platforms, has led to retailers being able to enhance their logistics operations and boost supply chain efficiency. Hence, in this way, Growing International Trade acts as an opportunity in the Retail Logistics Market.
Environmental Concerns
- The retail supply chain industry has caused a major change in consumer actions, providing a special chance for businesses to adjust and succeed. As people become more aware of climate change and how it affects the Earth, customers are starting to ask retailers for more sustainable practices. This has led to an increase in sustainable packaging, decreased carbon emissions, and environmentally conscious management of the supply chain.
- Retailers can take advantage of this trend by putting resources into eco-friendly logistics, which not only decreases their impact on the environment but also improves their brand image and customer retention. Through implementing sustainable methods, businesses can set themselves apart in a crowded market, induce eco-friendly customers, and ultimately push their business expansion.
- A significant opportunity exists in the final stage of delivery, where retailers can consider different ways of transportation, like electric or hybrid vehicles, to decrease emissions. The businesses have the option to introduce effective route planning and consolidation tactics to reduce the number of vehicles on the streets.
- Retailers can prioritize decreasing packaging waste by using biodegradable or reusable materials, as well as creating packaging that is tailored for minimal waste. This doesn't just benefit the environment; it also cuts packaging expenses and improves overall customer satisfaction.
- Retailers can enhance their logistics operations and sustainability credentials by viewing environmental concerns as a chance, thereby aiding in creating a more environmentally responsible future. This proactive strategy will not just help the environment but also lead to sustained business growth. Hence, in this way, Environmental Concerns act as an opportunity in the Retail Logistics Market.
Retail Logistics Market Segment Analysis:
Retail Logistics market is segmented on the basis of Type, Solution, and Mode of Transport.
By Type, E-commerce Retail Logistics Segment Is Expected to Dominate the Market During the Forecast Period
- The e-commerce retail logistics sector is set to lead the retail logistics industry because of the quick expansion of online shopping and the resulting demand for efficient logistics solutions. The flow of online shopping takes caused unparalleled growth in package quantities, necessitating retailers to establish a strong logistics network for handling their Internet purchases.
- E-commerce retail logistics requires the organization, synchronization, and implementation of transporting products from the warehouse to the customer's home. As online shopping becomes increasingly popular, this sector is projected to lead the market due to its convenience, flexibility, and competitive prices that attract more and more consumers.
- The demand for quick and dependable delivery choices from retailers is a key factor in the expansion of e-commerce retail logistics. This has resulted in the creation of new logistics options like same-day delivery, next-day delivery, and in-store pickup, which are essential for meeting the changing demands of online shoppers.
- The e-commerce retail logistics sector is forecasted to maintain its leadership position as retailers allocate resources to digital transformation and omnichannel strategies in order to remain competitive. The incorporation of AI, robotics, and data analysis in logistics will improve the efficiency of e-commerce retail operations. Hence, in this way By Type, the E-commerce Retail Logistics Segment Is Expected to Dominate the Retail Logistics Market.
By Mode of Transport, the Railways Segment Held the Largest Share In 2023
- In the retail logistics market, the railways segment is dominant because of its superior capacity, dependability, and cost efficiency. Rail transportation provides a greater payload capacity than other modes of transportation, making it a needed excellent for moving bulk cargo.
- Railroads provide a dependable and steady form of transportation that is essential for merchants needing prompt product deliveries to satisfy customer needs. Railway systems experience fewer interruptions due to weather, traffic, or other factors, which results in a more consistent and reliable movement of goods.
- The Rail Transportation is its ability to be economical. Railways provide a more cost-effective option for retailers needing to transport large quantities of goods across long distances, due to their lower cost per ton-mile compared to road transportation. This is especially critical for retailers with slim profit margins who must reduce their logistics expenses.
- The Trains provide a greener form of travel, emitting much less greenhouse gases per ton-mile than vehicles on the road. This is becoming more and more crucial for retailers who are facing pressure to decrease their carbon footprint and embrace more sustainable logistics strategies. Hence in this way, By Mode of Transport, the Railways Segment Held the Largest in the Retail Logistics Market.
Retail Logistics Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast Period
- The retail logistics market in Asia Pacific is set to lead, thanks to its fast-growing e-commerce sector, rising middle-class population, and surging online shopping needs. The area is where you can find some of the most populated nations on the globe, such as China, India, and Indonesia, that are fueling the expansion of the retail logistics industry.
- The swift urban growth and rising internet usage in the area have caused a rise in e-commerce, creating a high need for dependable logistics services. Retailers are making substantial investments in enhancing their logistics infrastructure to meet the increasing demand, a factor that is projected to boost the growth of the retail logistics market in the area.
- The Asia Pacific area plays a key role in global trade, as numerous countries in the region are important centers for production and export. This trend has resulted in a notable rise in cross-border online shopping, contributing to the need for retail logistics services capable of managing intricate global deliveries.
- The Asia Pacific retail logistics market is projected to expand due to the region's expanding consumer base, rising use of digital technologies, and the demand for effective logistics services. Consequently, the area is anticipated to lead the retail logistics industry, as numerous retailers and logistics companies are making significant investments to enhance their abilities. Hence, in this way, Asia Pacific is Expected to Dominate the Retail Logistics Market.
Retail Logistics Market Active Players
- DHL Supply Chain (Germany)
- Ups Supply Chain Solutions (United States)
- FedEx Logistics (United States)
- XPO Logistics (United States)
- Kuehne + Nagel (Switzerland)
- Db Schenker (Germany)
- CEVA Logistics (France)
- Nippon Express (Japan)
- DSV Panalpina (Denmark)
- H. Robinson (United States)
- Expeditors International (United States)
- Ryder Supply Chain Solutions (United States)
- B. Hunt Transport Services (United States)
- Geodis (France)
- Sinotrans (China)
- Hitachi Transport System (Japan)
- Maersk Logistics (Denmark)
- Yusen Logistics (Japan)
- Agility Logistics (Kuwait)
- Toll Group (Australia)
- GEFCO (France)
- Hellmann Worldwide Logistics (Germany)
- Panalpina (Switzerland)
- Kintetsu World Express (Japan)
- Bolloré Logistics (France) and Other Active Players
Key Industry Developments in the Retail Logistics Market:
- In April 2024, APL Logistics, a global supply chain solutions provider, and Toys “R” Us Asia, the renowned toy retailer, are thrilled to announce an exciting partnership with the grand opening of a Regional Distribution Hub in Shenzhen.
This collaboration marks a significant milestone in enhancing the efficiency and effectiveness of Toys “R” Us Asia’s supply chain operations.
- In September 2024, India Post and Shiprocket partnered to strengthen the e-commerce export ecosystem. The collaboration aims to enhance e-commerce exports by leveraging India Post’s extensive presence and reliable shipping solutions. This agreement will lead to technical integration between Dak Ghar Niryat Kendra and Shiprocket and enable India-based sellers, using Shiprocket, to directly generate e-PBE and shipping labels from the Shiprocket platform itself. The exporters can avail packaging, label printing, pickup facilities and induct their shipments to the nearest DNK in any part of the country.
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Retail Logistics Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 271.02 Bn. |
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Forecast Period 2024-32 CAGR: |
13.7 % |
Market Size in 2032: |
USD 860.69 Bn. |
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Segments Covered: |
By Type |
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By Solution |
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By Mode of Transport |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Retail Logistics Market by By Type
4.1 Retail Logistics Market Snapshot and Growth Engine
4.2 Retail Logistics Market Overview
4.3 Conventional Retail Logistics
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted
Frequently Asked Questions
What would be the forecast period in the Retail Logistics Market research report?
The forecast period in the Retail Logistics Market research report is 2024-2032.
Who are the key players in the Retail Logistics Market?
DHL Supply Chain (Germany), UPS Supply Chain Solutions (United States), FedEx Logistics (United States), XPO Logistics (United States), Kuehne + Nagel (Switzerland), DB Schenker (Germany), CEVA Logistics (France), Nippon Express (Japan), DSV Panalpina (Denmark), C.H. Robinson (United States), Expeditors International (United States), Ryder Supply Chain Solutions (United States), J.B. Hunt Transport Services (United States), Geodis (France), Sinotrans (China), Hitachi Transport System (Japan), Maersk Logistics (Denmark), Yusen Logistics (Japan), Agility Logistics (Kuwait), Toll Group (Australia), GEFCO (France), Hellmann Worldwide Logistics (Germany), Panalpina (Switzerland), Kintetsu World Express (Japan), Bolloré Logistics (France) and Other Active Players.
What are the segments of the Retail Logistics Market?
The Retail Logistics Market is segmented into Type, Solution, Mode of Transport, and region. By Type, the market is categorized into Conventional Retail Logistics and e-commerce Retail Logistics. By Solution, the market is categorized into Commerce enablement, Supply chain solutions, Reverse logistics & liquidation, and Transportation Management. By Mode of Transport, the market is categorized into Roadways, Railways, and Airways. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Retail Logistics Market?
The entire process of controlling the flow of products from the source of supply to the buyer is known as Retail Logistics.
How big is the Retail Logistics Market?
Retail Logistics Market Size Was Valued at USD 271.02 Billion in 2023, and is Projected to Reach USD 860.69 Billion by 2032, Growing at a CAGR of 13.7% From 2024-2032.
