E-commerce Logistics Market is Projected to Reach the Valuation of US$781 bn in 2024
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The global e-commerce logistics market
was largely dominated by two leading players DHL International GmbH and
FedEx Corporation who held 50% share in the global market in 2015. XPO
Logistics and United Parcel Service Inc. are the other two companies
functioning in the global market but contribution is far less than the
first two mammoth companies are. Some of the other players operating the
global e-commerce logistics market are Clipper Logistics Plc., Gati
Limited, Kenco Group, Inc., and Aramex International. Several leading
players in the market tapping the regional market in emerging economies
such as in India and China. The promising growth potential offered in
the e-commerce logistics market is likely to draw interest of new
players that could help them grow extensively. Route optimization and
innovative parcel tracking are strategies used by new players to attain a
competitive edge in the market.
According to TMR, the global
e-commerce logistics market is anticipated to reach US$781 bn by the end
of 2024 progressing from US$122.2 bn earned in 2014. During the
forecast period between 2016 and 2024, the market is projected to rise
at remarkable 20.6% CAGR.
Based on service type, the
transportation segment held maximum share in the market in 2015 and was
greater than the warehousing segment. The importance of transportation
is more in the whole chain of e-commerce logistics process and it is
gaining more and more importance as various large and small companies
are focusing on last-mile delivery. On regional front, Asia Pacific is
leading the global e-commerce logistics market as 60% of the global
population resides in this regions who have created increased the
overall demand through e-commerce medium. North American and Europe also
offered lucrative opportunity due to excellent digital infrastructure.
Adopting Modern Way of Doing B2C E-Commerce Business to Fuel E-Commerce Logistics Market
Recent
technological advancements have increased working efficiency in various
sectors. One of them is e-commerce logistics. Massive growth in
internet penetration, burgeoning cross-border e-commerce activities, and
increasing focus on emerging economies are some of the major reasons
behind the growth of e-commerce market at the global level. Moreover,
adopting modern way of doing B2C e-commerce business is widely adopted
by various companies. This B2C e-commerce business model forces the
players to modifying their business model various times in year. Massive
growth of innovative technologies is the key factor for the growth of
the global e-commerce logistics market. Adding further, rising number of
e-commerce startups in India, Brazil, and Mexico is likely are expected
to provide fillip to the e-commerce logistics market. View exclusive Global strategic Business report: https://www.transparencymarketresearch.com/pressrelease/e-commerce-logistics-market.htm Infrastructural Issues in Emerging Economies to Deter Market Growth
One
of the major challenge faced by the players function in the e-commerce
logistics market is infrastructural issues in emerging economies that
hampers the service of last mile connectivity offered by them. In
addition, when customer order online keeping the minimum limit in mind
and then after receiving they return the unwanted product has high
impacted the market players. It is mainly done to avail various offers
initiated by companies. But this put pressure on the chain of reverse
logistics and triggers the expenses incurred by the companies in this
market.
The information presented in this review is based on a
TMR report, titled “E-commerce Logistics Market (Service Type -
Warehousing (Mega Centers, Hubs/Delivery Centers, Returns Processing,
Centers), Transportation (Air/Express Delivery, Freight/Rail,
Trucking/Over Road, Maritime)) - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2016 - 2024.” The Global E-commerce Logistics Market has been segmented as presented below: Global E-commerce Logistics Market, by Service Type
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