Global eCommerce Logistics Market to Reach $1.4 Trillion by 2030
The global eCommerce logistics market is on the rise, with a projected value of $1.4 trillion by 2030. A recent report from ResearchAndMarkets.com highlights the significant growth trajectory of the market, driven by key trends and drivers reshaping the industry.
One of the key insights from the report is the expected growth of the domestic eCommerce logistics segment, set to reach $1 trillion by 2030 with a compound annual growth rate (CAGR) of 16%. Additionally, the international eCommerce logistics segment is projected to grow at a CAGR of 13.7% over the next eight years.
The report also provides a regional analysis, focusing on key markets such as the U.S. and China. The U.S. market was estimated at $72.9 billion in 2023, while China is forecasted to reach $504.5 billion by 2030, growing at an impressive 17.3% CAGR. Other regions, including Japan, Canada, Germany, and the Asia-Pacific, are also experiencing growth trends in eCommerce logistics.
Several key trends and drivers are shaping the future of the global supply chain industry. Companies are rethinking scale and mix, leading to the rise of parallel supply chains. Digitization is becoming increasingly important, with a focus on making data talk to build stronger and smarter supply chains. Automation, drones, wearables, self-driving trucks, and artificial intelligence (AI) are also making a significant impact on eCommerce logistics.
Efficiency and sustainability are key priorities for the industry, with a special focus on last-mile delivery and the use of electric vehicles (EVs). The importance of sustainability in eCommerce logistics cannot be understated, as companies are looking to move towards a circular bioeconomy to reduce environmental impact.
The report offers detailed market analysis, competitive insights, future trends, and actionable insights for stakeholders in the eCommerce logistics market. Key questions addressed in the report include the expected evolution of the market by 2030, main drivers and restraints, market segment growth, and changes in market shares for different regions and segments.
Leading players in the market, such as Alibaba Group Holding Limited, Aramex International LLC, and 3PL Worldwide, are profiled in the report, providing a comprehensive overview of the competitive landscape. With complimentary updates available for one year, stakeholders can stay informed of the latest market developments in the evolving eCommerce logistics industry.
Overall, the global eCommerce logistics market is poised for significant growth in the coming years, driven by technological advancements, changing consumer preferences, and a focus on sustainability. Stakeholders in the industry must adapt to these trends to capitalize on the opportunities presented by the expanding market.