Global Ecommerce Logistics market is growing at a CAGR in double digit in 2017-2022 and is expected to reach ~950 USD Bn by 2027 – Ken Research

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What is the Size of Global Ecommerce Logistics Industry?

The Global Ecommerce Logistics Market is largely driven by the fast-growing E-commerce ecosystem, aggressive investment in modernizing the infrastructure and the influx of investments from different companies and governments.

 The growth of the ecommerce logistics market can be attributed to several factors. Firstly, the rising adoption of ecommerce platforms by consumers across the world has led to increase in demand for fast and reliable delivery services. With the rise of online marketplace like amazon, Alibaba and eBay, consumers expect to receive their orders quickly and without any delays.

Secondly, advancement in technology have enabled ecommerce logistics providers to improve their operations and offer more efficient services. Innovation such as autonomous vehicles, drones and robotics have the potential to revolutionize the logistics industry and reduce delivery times and cost.

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Furthermore, Covid-19 pandemics has accelerated the growth of the ecommerce logistics market, as consumers have shifted to online shopping to avoid any physical stores and minimize the risk of infections.

This trend is expected to continue even after the pandemic as many consumers haven become accustomed to the convince of online shopping and are likely to continue using ecommerce platform in the future.

Global Ecommerce Logistics Market by type of Shipment

The Global Ecommerce Logistics market is segmented by type of shipment into Domestic and international shipments. In terms of market share, Domestic shipment account for the majority of the market share in global ecommerce logistics market in 2022.
However international Shipment are also played an significant role in global ecommerce logistics market, with the growing number of consumers and businesses engaging in the cross-border ecommerce transactions.

Global Ecommerce Logistics Market by time Duration

The Global Ecommerce Logistics Market is segmented by Time Duration into Same Day, 2-4 days and more than 4 days.

The 2-4 days segment accounted for the highest market share in 2022. This is due to the increasing demand for fast and reliable delivery services.

Same day delivery is also an emerging category and is expected to dominate the market share in the global ecommerce logistics market.

Global Ecommerce Logistics Market by Mode of transport

The Global Ecommerce Logistics market is segmented by Mode of Transport into Ground and Air & Sea.

Ground dominates the global ecommerce logistics market in 2022. Followed by air & sea. It is expected that air & sea segments market share will grow but the market still be dominated by ground mode of transport in the future.

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Global Ecommerce Logistics Market by Payment Method

The Global Ecommerce Logistics market is segmented by Payment method into Cash on Delivery and Online Payment.

Online payment method dominated the Global Ecommerce logistics market in 2022 and is expected to dominate in the future because of the growing digitalization.

Global Ecommerce Logistics Market by Orders

The Global Ecommerce Logistics market is segmented by order into Accepted orders and rejected orders. Accepted order dominates the market in 2022, however rejected orders are also increasing which is a major concern for the industry.

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Global Ecommerce Logistics Market

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Will The Global Logistics And Warehousing Players Able To Cater The Spike In Online Demand Of Products? - The Market Is Forecasted To Grow $72.96 Bn By 2027: Ken Research

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1. Electronic Commerce Growth Creates Tremendous Opportunities globally for logistics and warehousing

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• China, Hong Kong (China), and the United Kingdom had the greatest GDP-related B2C e-commerce, while India, Brazil, and Russia had the lowest.
• Globalization has increased the amount and diversity of cross-border transactions in services and products by facilitating the rapid and broad transfer of technology.  This has driven the trends in the global cross-border B2C e-commerce market.
• Current e-commerce technologies make it simpler for businesses to reach scattered audiences by lowering administrative and marketing expenses.
• The COVID-19 pandemic resulted in an increase of 9.5% annually, or more than 4 billion people, in the number of Windividuals shopping online in 2020. The rising trend was anticipated to continue in 2021. Following fashion in popularity are toys, hobbies, technology, and media in the e-commerce sector.

 2. Rising Interest in Omni-channel drives the Global Market

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• As large online retailers build physical stores, the omni-channel supply chain has expanded dramatically.
• Intelligent retail solutions are now implicitly demanded by the informed customer. Via diverse retail venues, distinct consumer groups purchase and select goods that suit their requirements and way of life.
• As a result, businesses have realized that expanding consumer options and streamlining the purchase process boosts revenue. As they work to boost B2C and B2B e-commerce, medium and big businesses will use the term "omni-channel retail" as their catchphrase.

3. An Increasing Number of SKUs:

The ever growing number of iPhone SKUs

• Trends towards stocking more SKUs are being driven by rising consumer expectations. Warehouse managers fear their clients would switch to a supplier who will carry a slow-moving item if they don't stock it.
• A change away from maintaining a lean inventory to keeping additional supplies on hand, just in case, is also being brought about by the supply chain disruptions brought on by the epidemic.
• More flexible and customizable fulfilment solutions are required as a result of changing customer behaviour and an increase in available SKUs.

Analysts at Ken Research in their latest publication “Global Logistics and Warehousing Market Outlook to 2028- Driven by the Rising Demand from Manufacturing, F&B, Retail, and other industries along with increasing Government Initiatives to Strengthen the Logistics Infrastructure” observed that Global Logistics Market is in a growing phase. Increasing demand for food, beverages, and manufacturing products in Global and Government support to improve transport facilities are some of the factors that will contribute to the Global Logistics market growth over the period of 2023-2028. It is expected that Global Logistics Market will grow at a positive CAGR for the above-forecasted period.

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Global Logistics Market

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“From Click to Doorstep”: 3 Cutting Edge Technological Trends Boosting the Global Ecommerce Logistics Market to Reach $1 Trillion: Ken Research

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Global Ecommerce Logistics Market was valued at around ~$200 Bn in 2022, boosted by the Covid-19 impact as it helped enterprises to address extensive demand is eyeing to become a $1 Tillion industry by 2027. Let’s explore some of the reasons addressing the same.

1. Increasing digitization and access to smart phones are boosting the Ecommerce market.

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Around 60% of e-Commerce sales are conducted through mobile apps and this general trend is expected to increase in the future. Making brand interaction with the customer much efficient and easy to sell the product to the customer. With 5 Billion people having internet access, this becomes one of the biggest contributor of growth to the ecommerce logistics market.

2. “Accelerating E-commerce Growth”: The Dominance of Digital Payment in Online Shopping Industry.

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Over the past decade, the e-commerce industry has experienced significant growth, with the online shopping becoming increasingly popular among consumers. The global e-commerce sales reached ~$ 4 trillion by 2021, with an estimated 2.14 billion people worldwide make online purchases. With this surge in online shopping comes a corresponding increase in digital payments, which have become the dominant player method in the industry. In 2020, the value of digital payment worldwide was estimated at ~5.12 trillion, which is a major factor the growth in the ecommerce logistics market globally.

3. Buy Now, Pay Later FinTech is giving a major push to the Ecommerce Logistics Market.

According to a report by Forbes, the pace of BNPL growth among Gen Z has increased by 600% since 2019, while it has tripled for Millennials. Although Gen X and Baby Boomer adoption rates aren't far behind, the rise of BNPL among younger generations suggests that it may eventually replace cash as the main form of payment. This is becoming a major factor for the growth in ecommerce logistics market.

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Global Ecommerce Logistics Market

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