Retail Logistics Market Top Players, Segments, Cost Structure, Demand, Sales | 2030 Forecast

 Retail Logistics Market Growth & Trends

The global retail logistics market size is anticipated to reach USD 639.14 billion by 2030, registering a CAGR of 12.3% over the forecast period, according to a new report by Grand View Research, Inc. The growth is likely to be fueled by new last-mile delivery methods in the retail e-commerce market and the introduction of IoT in the supply chain. An IoT-based supply chain links multiple technological devices with the help of sensors, allowing real-time data collection on various vital factors like filing rate and temperature.

Customers benefit from technological advancements such as intelligent distribution robots and autonomous items and sorting systems, which usher in a new era of smart logistics. Because most of the links in the new retail format have been digitalized and are available in real-time, combined with the use of new technologies such as big data and AI, companies can comprehend the genuine demands of customers faster and more accurately. It's also utilized to help with supply chain optimization and upgrades.

Furthermore, to upgrade existing retail formats, retail companies and traditional distribution channels must focus on B2B wholesale distribution, self-service vending machines, B2C e-commerce, and O2O. Additionally, factors including expanding globalization, an increase in international retailing, and an improvement in the economy due to increased tax revenue from goods exported and imported are predicted to help the retail logistics industry's growth in the forthcoming years.

The rapid expansion of retail e-commerce has created several opportunities for both new and established firms in the market. However, retail e-commerce has faced several operational and financial issues in recent years. Return shipments are becoming a significant element of logistics processes, posing operational issues and the potential to reduce logistical costs. Moreover, poor infrastructure can stifle market growth by making market participants hesitant to expand and spend.

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Retail Logistics Market Report Highlights

• Due to rising internet penetration and increased worldwide trade activities, the retail logistics industry is expected to develop significantly during the projected period
• The conventional retail logistics segment held a significant market share in 2021, owing to the increased inclination of customers that have minimal Internet reliance and prefer to shop in traditional retail stores
• The supply chain solution segment held a significant market share in 2021 due to the augmented adoption of cloud-based supply chain solutions, allowing retail companies to track and optimize transportation and manage returns
• Based on the mode of transport segment, the roadways segment held the largest market share in 2021, owing to the increased demand for road vehicles in long-distance retail product delivery, particularly in domestic regions
• In terms of revenue, the Asia Pacific region led the market in 2021 and is projected to grow significantly during the forecast period. The presence of a significant consumer base for retail items is accelerating the expansion in the region
• The principal strategies of the leading market companies include partnership, collaboration, and company expansion

Access Press Release@ https://www.grandviewresearch.com/press-release/global-retail-logistics-market

Retail Logistics Market Segmentation

Grand View Research has segmented the global retail logistics market based on type, solution, mode of transport, and region:

Retail Logistics Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Conventional Retail Logistics
• E-commerce Retail Logistics

Retail Logistics Solution Outlook (Revenue, USD Billion, 2017 - 2030)

• Commerce Enablement
• Supply Chain Solutions
• Reverse Logistics & Liquidation
• Transportation Management
• Others

Retail Logistics Mode of Transport Outlook (Revenue, USD Billion, 2017 - 2030)

• Railways
• Airways
• Roadways
• Waterways

Retail Logistics Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players in the Retail Logistics Market

• XPO Logistics, Inc.
• DSV
• Kuehne + Nagel International
• H. Robinson Worldwide, Inc.
• Nippon Express
• FedEx
• Schneider
• United Parcel Service
• APL Logistics Ltd
• DHL International GmbH
• P. Moller – Maersk

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.