Retail Logistics Market Size Worth $498.34 Billion By 2028

The global retail logistics market is estimated to arrive at USD 498.34 billion by 2028. It is projected to develop by 11.8% CAGR in the period of forecast.

The latest last-mile delivery system in the market for retail e-commerce, together with the appearance of the Internet of Things (IoT) in the supply chain, is anticipated to impel the enlargement of the market for retail logistics.

Besides, in favor of advancing the presented retail arrangement, together with organizing the conventional delivery network structure, companies require to administer rising businesses for example Business to Business (B2B), B2C e-commerce, O2O, wholesale supply, and self-service retailing machinery.

In addition, the increasing globalization plus the growth in worldwide retailing because of the enhancement in financial system like the import and export of the merchandises, produce augmented tax revenue. It is anticipated to increase the expansion of the retail logistics business, during near future.

Technical progressions maintained with intelligent delivery system along with the automated supplies plus categorization systems offer clients with a new-fangled intelligent logistics age.

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Further key findings from the report suggest:

• The most important policies accepted by the major companies, working in the retail logistics market are business growth, joint ventures and, collaboration

• As a result of the increasing demand for the roadways vehicles, in extended distances transport of retail merchandises, particularly in the national regions, the roadways mode of transport held major share of the market, in 2020

• In 2020, the conventional retail logistics sector held the main share of the market, because of the increasing acceptance of conventional services through the customers, having restricted reliance on the Internet and so have a preference for purchasing from conventional retail stores

• In terms of revenue, Asia Pacific led the global market for retail logistics, in 2020. It is projected to record considerable enlargement, during the forecast period. The enlargement is credited to the existence of a huge customer base for retail goods, within the region

• The supply chain solution division held the principal share of the retail logistics market, in 2020, because of the increasing utilization of cloud sourced supply chain solutions, assisting in following & optimizing shipping along with the administration of returns
• Due to the rising internet infiltration and growth in international trade actions, the market is expected to observe large escalation, for the duration of the forecast

Million Insights segmented the global retail logistics market based on Mode of Transport, Solution, Type, and Region.

Retail Logistics Type Outlook (Revenue, USD Billion, 2016 - 2028)
    • Conventional Retail Logistics
    • E-Commerce Retail Logistics

Retail Logistics Solution Outlook (Revenue, USD Billion, 2016 - 2028)
    • Commerce Enablement
    • Supply Chain Solutions
    • Reverse Logistics &Liquidation
    • Transportation Management
    • Others

Retail Logistics Mode of Transport Outlook (Revenue, USD Billion, 2016 - 2028)
    • Railways
    • Airways
    • Roadways
    • Waterways

Retail Logistics Regional Outlook (Revenue, USD Billion, 2016 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
        • France
    • Asia Pacific
        • China
        • India
        • Japan
        • Australia
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa

Companies

Various companies for retail logistics market are:

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