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Urban Logistics Market to Reach $77.9 Billion, Globally, by 2033 at 12% CAGR: Allied Market Research
The global trend of urbanization, with more people moving to cities, has resulted in higher population densities in urban areas. This increases the demand for goods and services that need efficient logistics solutions to manage the supply and distribution within these confined spaces. Furthermore, the integration of advanced technologies such as automation, artificial intelligence (AI), Internet of Things (IoT), and data analytics into logistics operations enhances efficiency, reduces costs, and improves delivery times. Innovations like real-time tracking, route optimization, and autonomous delivery vehicles are pivotal in transforming urban logistics.
The express logistics segment is anticipated to experience faster growth in the urban logistics market as modern consumers demand quick and efficient delivery services. Express logistics providers cater to this need by offering speedy and reliable delivery solutions, often featuring real-time tracking and flexible delivery windows, which significantly contribute to their market dominance. Moreover, express logistics is crucial for businesses that require time-sensitive deliveries, such as perishable goods, pharmaceuticals, and urgent documents. The ability to provide expedited shipping options makes express logistics indispensable for many industries.
The electric logistics vehicle segment is anticipated to experience growth in the urban logistics market, due to the fact that electric vehicles (EVs) are more technologically mature than fuel cell vehicles. EV technology has been developed and refined over many years, leading to widespread adoption, better infrastructure, and more competitive pricing. Furthermore, there is a more extensive and developed infrastructure for charging electric vehicles compared to hydrogen refueling stations for fuel cell vehicles. The proliferation of charging stations in urban areas makes it more feasible for logistics companies to deploy and operate electric logistics vehicles efficiently.
North America is expected to maintain its dominance in the urban logistics market by 2032 owing to
North America , especially the U.S., experiencing a significant surge in e-commerce activity. The region is home to some of the largest e-commerce companies in the world, including Amazon, which has heavily invested in urban logistics infrastructure to meet the growing demand for fast and reliable delivery services. The region boasts well-developed transportation and logistics infrastructure, including an extensive network of highways, airports, and seaports. This advanced infrastructure supports efficient urban logistics operations, allowing for the quick and effective movement of goods within urban areas.
The report provides a detailed analysis of these key players in the global urban logistics market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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