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Retail Logistics Market Overview
Logistics services have been positively impacted by the advent and increasing adoption of e-commerce services and changed in the conventional styles of logistics model. In addition, the sub-arms of logistics, such as retail logistics and reverse logistics, are on the rise. The retail logistics is an instrumentalist process of managing the flow of merchandise from the source of supply to customers. The retail logistics system ensures smooth flow of goods to the customers through efficient movement of logistics. It ensures right product to the right customer, at the right place and at the right time. The global retail logistics market is expected to witness considerable growth during the forecast period (2020–2030), on account of multiple factors, such as rising internet and technology penetration in developing countries and growing e-commerce sector.
The retail logistics market has been classified into conventional and e-commerce, based on type. Of these, the conventional category has dominated the market during the historical period (2014–2019), owning to retailer and inventory model of fast moving consumer goods (FMCG), wherein the retailer would provide first mile delivery and the last mile would be covered by the customer by traveling to store and bring the purchased items. Whereas, the e-commerce category is expected to witness the fastest growth during the forecast period, due to last mile delivery by service providers to the consumers.
Geographically, the retail logistics market has been categorized into North America; Europe; Asia-Pacific (APAC); and Latin America, Middle East, and Africa (LAMEA). The APAC market is expected to witness the fastest growth during the forecast period, amongst all regions, due to high penetration of e-commerce and large consumption base. It is also propelled by the market in countries, such as China, Japan, India, and Australia.
Retail Logistics Market Dynamics
Increasing internet penetration is one of the key trends witnessed in the retail logistics market. Evolution in mobile operation has been a game changer in the market. Mobile is no longer only a device to communicate; it comes with bundle of other functions that satiate the essential needs, such as entertainment and shopping. Social commerce has come up as another trend, wherein consumers buying preferences are aligned based on social interaction and user experience. This has led to considerable ripple effects in the market.
The retail logistics market is set to witness significant growth, but it is marred with certain operational and financial challenges. Currently, return shipments constitute a considerable part of logistics processes, which come with inherent operational challenges and capacity to drive logistics cost. Poor and substandard infrastructure in regions can restrain the market growth, as players in the regions dither about investing and expansion. Various regulatory challenges and tough geo-politics with respect to growing protectionism in international trade can also hinder the growth of the market.
Retail Logistics Market Competitive Landscape
The global retail logistics market is fragmented, due to the presence of several international and regional players. Deutsche Post AG, Expeditors International of Washington Inc., and Ryder System Inc. are some of the major players operating in the market.
Other major industry participants covered in the report with significant retail logistics market share are C.H. Robinson Worldwide Inc., FedEx Corp., J.B. Hunt Transport Services Inc., Kuehne + Nagel International AG, Penske Truck Leasing Co. LP, United Parcel Service Inc., XPO Logistics Inc., TNT Logistics, Wilson Logistics Group, Nippon Express, Eagle Global Logistics, Maersk Logistics, DHL Danzas Air and Ocean, Schneider National, UTi Worldwide, NYK Logistics, Menlo Worldwide, APL Logistics, Exel, SembCorp Logistics (USA), PandO Nedlloyd, BAX Global, Caterpillar Logistics, and Panalpina.
The report also includes country-wise market analysis. Some of the major countries covered in the report are the U.S., Canada, the U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Australia, Brazil, Mexico, and the U.A.E.
Retails Logistics Market Size Breakdown by Segment
The Retail Logistics Market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.
Based on Type