E-commerce Fulfillment Services Market Valuation to Reach USD 198.62 Billion by the end of 2030: Grand View Research Inc.

 E-commerce Fulfillment Services Market Growth & Trends

The global e-commerce fulfillment services market size is anticipated to reach USD 198.62 billion by 2030, growing at a CAGR of 9.5% over the forecast period, according to a new report by Grand View Research, Inc. The rapid penetration of internet services and a resultant rise in the number of online shoppers is the major factor driving the demand for e-commerce fulfillment services worldwide. Consumer expectations with regards to delivery time, shipping speed, and associated costs are changing rapidly. As per the GVR analysis, the major reason for consumers abandoning online shopping carts include delayed shipping. Therefore, established merchants, such as Amazon.com, Inc., have started delivering orders in the shortest turnaround time, in some cases within an hour across large cities.

This has been possible only because of the strategic location and positioning of fulfillment service centers. The growing demand for a shorter delivery period has augmented the need for micro warehouses with a wide geographical presence to ensure the order reaches the end-user in a short period. Picking and bundling play a vital role in fulfilling the rapid delivery demand of customers. In addition, automated packaging and labeling solutions used at fulfillment centers help staff sort, locate, seal, package, and label products in a relatively lesser time, thereby accelerating the delivery process. Over the years, e-commerce fulfillment service companies have gained significant momentum, especially with a rise in the number of e-commerce start-ups and fast-growing Small- & Medium-sized Enterprises (SMEs) worldwide.

These start-ups do not have an established distribution network and robust logistics or transportation infrastructure, owing to which they extensively depend on third-party fulfillment service providers. However, service providers including ShipBob, Inc., ShipMonk, Red Stag Fulfillment, and Radial, among others are now providing a full suite of e-commerce fulfillment services including picking, packaging, warehousing, shipping, and reverse logistics like Amazon.com, Inc. Therefore, the advent of new businesses in the e-commerce market space is anticipated to boost the market growth over the forecast period.

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E-commerce Fulfillment Services Market Report Highlights

• The market is anticipated to witness substantial growth during the forecast period
• The growth is credited to the proliferation of the e-commerce industry, especially in the emerging markets leading to an unprecedented rise in the number of online buyers
• The shipping fulfillment service segment accounted for the largest revenue share in 2021 owing to trade liberalization policies resulting in increased imports and exports of cross-border shipments worldwide
• The clothing and footwear application segment accounted for the largest revenue share in 2021 due to the growing acceptance of western culture and evolving fashion needs of the youth population
• Asia Pacific dominated the global market and is expected to register the fastest CAGR over the forecast period
• This is owing to the growth prospect offered by relatively untapped markets (rural areas & tier 2 cities) in the region

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E-commerce Fulfillment Services Market Segmentation

Grand View Research has segmented the global e-commerce fulfillment services market based on service type, application, and region:

E-commerce Fulfillment Service Type Outlook (Revenue, USD Million, 2017 - 2030)

• Warehousing & Storage Fulfillment Services
• Bundling Fulfillment Services
• Shipping Fulfillment Services
• Others

E-commerce Fulfillment Application Outlook (Revenue, USD Million, 2017 - 2030)

• Automotive
• Beauty & Personal Care
• Books & Stationery
• Consumer Electronics
• Healthcare
• Clothing & Footwear
• Home & Kitchen Application
• Sports & Leisure
• Others

E-commerce Fulfillment Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

List of Key Players of E-commerce Fulfillment Services Market

• com, Inc.
• eFulfillment Service, Inc.
• Ingram Micro, Inc.
• Rakuten Super Logistics
• Red Stag Fulfillment
• ShipBob, Inc.
• Shipfusion Inc.
• Xpert Fulfillment
• Sprocket Express
• FedEx
• United Parcel Service of America, Inc

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.