The Asia Pacific Retail Logistics Market would witness market growth of 10.6% CAGR during the forecast period (2021-2027).
One of the key goals of retail and logistics is to have available stock, the correct products at the right location and time, and to react rapidly to the ever-changing nature of demand in a systemic manner. Retailers used to be only receivers of manufacturers' items, but they have evolved into designers, as they now oversee, coordinate, and manage the supply chain from manufacturing to consumption.
Due to an increase in global trade operations, particularly in emerging nations, the demand for retail logistics is gradually increasing. The market is expected to develop due to improvements in logistical infrastructure. The retail logistics system ensures that durable and non-durable goods are delivered to clients in a timely manner from a variety of well-known suppliers and distributors. In addition, the usage of logistics in the retail business has resulted in faster delivery times, lower fulfilment costs, and a greater capacity to focus on customer care rather than administrative operations.
The consuming class in India is made mostly of youth workers. Because there are more working persons in a family, the disposable income level of the household is expanding at a quick rate, providing enough purchasing power. The demand for service retailing is growing, and there is a trend away from product retailing, therefore entertainment parks, cafeterias, beauty salons, gyms, health care centers, fast food outlets, spas, and other similar establishments are springing up.
The China market dominated the Asia Pacific Retail Logistics Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $31.4 billion by 2027. The Japan market is anticipated to grow a CAGR of 10% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 11.3% during (2021 - 2027).
Based on Type, the market is segmented into Conventional Retail Logistics and E-Commerce Retail Logistics. Based on Solution, the market is segmented into Supply Chain Solutions, Commerce Enablement, Transportation Management, Reverse logistics & liquidation and Others. Based on Mode of Transport, the market is segmented into Roadways, Railways, Waterways and Airways. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Retail Logistics Market is Projected to reach USD 388.6 Billion by 2027, at a CAGR of 10.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kintetsu World Express, Inc. (APL Logistics Ltd.) (Kintetsu Group Holdings Co., Ltd.), A.P. Moller - Maersk A/S, DSV A/S, Deutsche Post DHL Group, FedEx Corporation, Kuehne + Nagel International AG, Nippon Express Co., Ltd., XPO Logistics, Inc., United Parcel Service, Inc., and C.H. Robinson Worldwide, Inc.
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