May 18, 2021
According to a research report titled, ‘Global E-Commerce Fulfillment Services Market Size study, by Service Type (Warehousing and Storage Fulfillment Services, Bundling Fulfillment Services, Shipping Fulfillment Services, Others), by Application (Automotive, Beauty & Personal Care, Consumer Electronics, Healthcare, Home & Kitchen Application, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global e-commerce fulfillment services market was valued at USD 70 billion in 2019 and is anticipated to grow at a rate over 6.5% annually over 2020-2027, subsequently amassing USD 116 billion by the end of the forecast period.
Expert analysts cite that global e-commerce fulfillment services market is largely driven by widespread penetration of internet services, growing preference for online shopping, as well as the increasing number of e-commerce platforms. Besides, rapid emergence of e-commerce startups and expanding network of small & medium-sized enterprises are positively swaying the industry dynamics.
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For the record, the United Nations Conference on Trade and Development reported that, global e-commerce sales amounted to USD 25.6 trillion in 2018, showing an increase of 8% from 2017. This upward trajectory will likely continue in the upcoming years, subsequently increasing the demand in the overall e-commerce fulfillment services industry.
Notably, e-commerce fulfillment is a subset of e-commerce business that provides well-developed distribution networks and logistics infrastructure. E-commerce fulfillment services enable e-commerce sellers to outsource services, such as warehousing, shipping, express delivery, and return management services.
Despite the lucrative prospects, the highly competitive nature of e-commerce sector may pose a threat to start-ups in this space and impede overall development of the industry in the ensuing years.
Considering the regional scope, Europe, Asia Pacific, Latin America, and North America are the top contributors to global e-commerce fulfillment services industry value. Among these, Asia-Pacific has been leading the market growth and is anticipated to generate significant returns during the forecast period. This can be attributed to the augmented e-commerce transactions and internet services, as well as a significant presence of e-commerce platforms in the region. Moreover, rise in adoption of automated technologies coupled with positive outlook of e-commerce startups in countries like India and China are also anticipated to create lucrative opportunities for regional market expansion.
Key players in global e-commerce fulfillment services market sphere are Amazon.com, Inc., Ingram Micro, Inc., ShipBob, Inc., Sprocket Express, FedEx Corp., Efulfillment Service, Inc., Shipfusion Inc., Rakuten Super Logistics, Xpert Fulfillment Services, and Red Stag Fulfillment LLC.