As cited by the research report titled ‘Global Retail Logistics Market Size study, by Type (Conventional Retail Logistics and E-Commerce Retail Logistics), by Solution (Commerce enablement, Supply Chain Solutions, Reverse logistics & liquidation, Transportation Management and Others), by Mode of Transport (Railways, Airway, Roadways and Waterways), and Regional Forecasts 2021-2027’, available with Market Study Report, global retail logistics market was worth USD 205.44 billion in 2020 and is projected to grow with a healthy CAGR of 11.8% to accumulate USD 448.52 billion over 2021-2027.
 

Increasing popularity of e-commerce due to rising penetration of internet is a major factor driving the global retail logistics market growth.  For instance, as per Statista, the number of internet users worldwide rose to 3969 million in 2019 from 3742 million in 2018.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3991299/
 

Growing long term agreements with logistics providers, public investment for warehouses development, and efforts for expanding logistics infrastructure are fostering the market growth. In addition, integration of technologies like artificial intelligence, coupled with increasing presence of last-mile delivery methods are likely to generate lucrative prospects for the industry space in the upcoming years.  
 

Speaking of the negatives, substandard infrastructure in some emerging economies is likely to restrain the market progression over the estimated timeline.
 

Based on type, worldwide retail logistics industry is segmented into conventional retail logistics, and e-commerce retail logistics. On the basis of solution, the marketplace is divided into supply chain solutions, commerce enablement, transportation management, and reverse logistics & liquidation among others. Speaking of mode of transport, the industry space is categorized into airways, railways, waterways, and roadways.
 

Geographically, Asia Pacific, Europe, North America, and Latin America are chief contributors towards the overall industry valuation. Of these, Asia Pacific is currently leading the market forecast on account of large customer base for retail products, along with growing e-commerce sector. Moreover, increasing investment in logistics infrastructure development, and rising focus on transport practices are augmenting the regional share.
 

Leading players swaying the worldwide retail logistics market dynamics are A.P. Møller – Mærsk A/S, DHL International GmbH, APL Logistics Ltd., United Parcel Service Inc. (UPS), Schneider Electric SE, FedEx Corporation, Nippon Express Co. Ltd., C.H. Robinson Worldwide Inc., Kuehne + Nagel International AG, and XPO Logistics Inc.
 

These prominent companies are articulating effective strategies to garner strong returns over the forecast timeline. For instance, Electrolux Logistics SAS offered a multi-year omnichannel logistics contract to XPO Logistics Inc. in June 2021, to handle its logistics operations in France. Also, Nippon Express Co. Ltd., opened new logistics locations in Hangzhou, Jiashan, and Changshu in the Yangtze River Delta of China in June 2021.