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E-Commerce Logistics Market to Hit New Levels Of Growth with USD 118.8 Billion Earnings by 2028 - Zion Market Research
https://www.zionmarketresearch.com/sample/e-commerce-logistics-market
Furthermore, e-commerce has been registering impressive growth even during pre-pandemic times with global e-commerce sales outperforming brick & mortar sales by factor of more than 10 and retail online sales slated to increase from 13% in 2017 to about US$ 6.7 trillion or 23% of overall retail sales by 2023. Apparently, large-scale penetration of e-commerce activities in countries such as the UK, South Korea , and China will help in generation of new growth avenues for e-commerce logistics market over forecasting timeframe. Additionally, uptick in e-commerce retail activities post COVID crises is likely to open new vistas of growth for e-commerce logistics industry in foreseeable timespan.
Growth of e-commerce logistics market over forecast timespan can be credited to rise in internet penetration coupled with increase in cross border e-commerce business activities taking place across globe with huge spread of COVID-19 pandemic. In addition to this, increase in utility of imported goods is likely to translate into massive growth of e-commerce sector, thereby steering expansion of e-commerce logistics industry over estimated timeline. Apparently, surge in online demand for healthcare items, groceries, consumer electronics products, and toys will chart a profitable roadmap for e-commerce logistics market over years to come. Additionally, e-commerce industry is on cusp of next-gen revolution and this will further pave way for growth of e-commerce logistics market over years to come.
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Expansion of e-commerce logistics industry sphere in North America during assessment period is due to large-scale presence of giant e-commerce firms such as Amazon, Flipkart, and Shopify in countries such as the U.S. and Canada . Reportedly, massive online purchase of personal care products, food & beverage items, pet products, and medicine supplies in countries such as Canada and the U.S. will expand scope of e-commerce logistics market in North America . Rising spread of COVID pandemic in the U.S. has forced customers to go for online purchase of groceries as well as other durable consumer goods. This has resulted in massive demand for ecommerce activities in the country, thereby culminating into humongous expansion of ecommerce business in the U.S., thereby steering regional market trends.
Key players impacting growth of e-commerce logistics market and profiled in our report include CEVA Logistics, Aramex, UPS, DHL, Deutsche Bahn, FedEx, and Nippon Express.
This review is based on a report by Zion Market Research, titled, "
https://www.zionmarketresearch.com/inquiry/e-commerce-logistics-market
This report segments the E-Commerce Logistics market as follows:
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