Published Date: 28-Feb-2022
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According to a new report Global Retail Logistics Market, published by KBV research, The Global Retail Logistics Market size is expected to reach $388.6 billion by 2027, rising at a market growth of 10.5% CAGR during the forecast period.
The Conventional Retail Logistics market is generating high revenue in the Global Retail Logistics Market by Type 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $211.8 billion by 2027. This is attributed to consumers with low Internet dependence increasingly using conventional retail logistical services, which contributes to their preference for traditional retail establishments. Moreover, it has been discovered that a significant number of shoppers prefer to purchase things from conventional retail locations after first researching them online.
The Commerce Enablement market shows highest growth rate of 9.7% during (2021 - 2027). This is because the technology of commerce enablement is constantly shifting and enhancing. In addition, commerce enablement solutions make it easier for merchants to run their businesses while also improving the customer experience. They provide merchants with unique communication and payment functionalities, as well as important data and insights, to help them develop their business.
The Railways market is expected to witness a CAGR of 10.2% during (2021 - 2027). Using railways to improve retail logistics operations is prevalent among the local retail logistics industry in times of recession. The goal is to keep multi-modal transportation alternatives available at a reasonable cost, which is an important strategy for retail logistics as it expands geographically. Railways also have a time advantage. Currently, railways are primarily responsible for heavy transport and commodity logistics.
The Asia Pacific market is the fastest growing region in the Global Retail Logistics Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $112.1 billion by 2027. The North America market is expected to witness a CAGR of 10.3% during (2021 - 2027). Additionally, The Europe market is expected to witness a CAGR of 10% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/retail-logistics-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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