North America Retail Logistics Market Size, Share & Industry Trends Analysis Report By Type, By Solution, By Mode of Transport (Roadways, Railways, Waterways and Airways), By Country, Historical Data and Growth Forecast, 2021 - 2027
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Market Report Description
The North America Retail Logistics Market would witness market growth of 10.3% CAGR during the forecast period (2021-2027).
The retail e-commerce market's last-mile delivery method would boost the demand for retail logistics solutions in the upcoming years. Customers can compare products from several online sources, which is a disadvantage of distributors or brick-and-mortar businesses because an e-commerce platform allows the comparison of products based on delivery time, prices, features, specs, and compatibility requirements. These advantages over brick-and-mortar stores are propelling the retail e-commerce industry forward, and this trend is projected to continue in the future years.
Because the retail logistics system is so dynamic and customer-focused, it necessitates a high level of synchronization and collaboration—both of which are made easier by technology. There is a vast variety of items on the market these days, which necessitates a well-thought-out strategy from the beginning to the end.
With the internet becoming accessible on a variety of devices such as smartphones, tablets, and laptops, the retail business is undergoing a significant shift. Consumer shopping behaviours are shifting as a result of what they see online. As a result, many retailers are implementing effective retail logistics solutions in order to cater to the rising demands of the consumers and provide them an improved shopping experience.
The US market dominated the North America Retail Logistics Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $74.6 billion by 2027. The Canada market is expected to witness a CAGR of 12.8% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 11.8% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Study
Market Segments Covered in the Report:
- Conventional Retail Logistics and
- E-Commerce Retail Logistics
- Supply Chain Solutions
- Commerce Enablement
- Transportation Management
- Reverse logistics & liquidation and
By Mode of Transport
- Waterways and
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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.
- C.H. Robinson Worldwide, Inc.
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