LONDON–(BUSINESS WIRE)–Jan 10, 2020–
Technavio has been monitoring the global e-commerce logistics market since 2017 and the market is poised to grow by USD 81.78 billion during 2019-2023, progressing at a CAGR of over 11% during the forecast period. Request Free Sample Pages
Technavio has announced its latest market research report titled global e-commerce logistics market 2019-2023. (Graphic: Business Wire)
Read the 116-page research report with TOC on “E-commerce Logistics Market Analysis Report by Service (Transportation, Warehousing, and Others), by Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2019 – 2023”.
The increase in cross-border e-commerce activities and technological advancements in e-commerce logistics are factors anticipated to boost the growth of the market.
Cross-border e-commerce enables customers and individuals to purchase products from outside their borders. This is gaining traction in many countries such as France, Mexico, India, Indonesia, Australia, China, Singapore, and the US. Chinese websites such as Alibaba.com and Banggood are gaining popularity among Indian customers as well as they provide accessibility to foreign brands. Cross-border e-commerce allows a country to improve its global competitiveness by promoting foreign trade. It also benefits sellers to tap into newer markets by expanding their business beyond their home market. This is driving the significance of logistics as it plays a major role in the transportation and distribution network sector for the movement of goods. Thus, the increase in cross-border e-commerce activities is expected to drive market growth during the forecast period.
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Major Five E-commerce Logistics Market Companies:
Aramex is headquartered in UAE and operates the business under various segments such as International express, Freight forwarding, Domestic express, Logistics, and Others. The company offers warehousing and facility management for e-commerce companies.
Deutsche Post AG is headquartered in Germany and offers products through the following business units: Post-eCommerce-Parcel, Express, Global Forwarding, Freight, and Supply Chain. The company provides international standard parcel delivery for business customers.
FedEx is headquartered in the US and operates under various business segments, namely FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. The company provides integrated solutions designed to streamline and support online businesses.
KUEHNE + NAGEL is headquartered in Switzerland and offers products through the following business segments: Seafreight, Airfreight, Overland, and Contract logistics. The company develops end-to-end solutions for industries such as oil and gas, automotive, and others.
United Parcel Service of America, Inc.
United Parcel Service of America, Inc. is headquartered in the US and offers products through the following business segments: US Domestic Package, International Package, and Supply Chain & Freight. The company offers e-commerce logistics services to make online shopping easier and delivery convenient.
E-commerce Logistics Service Outlook (Revenue, USD Million, 2019 – 2023)
- Transportation
- Warehousing
- Others
E-commerce Logistics Regional Outlook (Revenue, USD Million, 2019 – 2023)
- APAC
- Europe
- MEA
- North America
- South America
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Logistics Market – Global Logistics Market by geography (APAC, Europe, MEA, North America, and South America) and end-user (consumer goods, automotive, food and beverage, healthcare, and others).
Cross-border E-commerce Logistics Market – Global Cross-border E-commerce Logistics Market by geography (APAC, Europe, MEA, North America, and South America) and service (transportation, warehousing, and others).
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SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 01/10/2020 08:00 AM/DISC: 01/10/2020 08:01 AM
Copyright Business Wire 2020.
