Global E-commerce Logistics Market to Reach $861.4 Billion by 2027
Amid the COVID-19 crisis, the global market for E-commerce Logistics estimated at US$233.7 Billion in the year 2020, is projected to reach a revised size of US$861.4 Billion by 2027, growing at aCAGR of 20.5% over the period 2020-2027. Transportation Services, one of the segments analyzed in the report, is projected to record 21.1% CAGR and reach US$582 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Warehousing & Distribution Services segment is readjusted to a revised 19.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $69.4 Billion, While China is Forecast to Grow at 19.6% CAGR
The E-commerce Logistics market in the U.S. is estimated at US$69.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$147.3 Billion by the year 2027 trailing a CAGR of 19.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.4% and 17.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15% CAGR.We bring years of research experience to this 6th edition of our report. The 125-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
- C.H. Robinson Worldwide, Inc.
- CEVA Logistics
- FedEx Corporation
- Gati Ltd.
- Kuehne + Nagel, Inc.
- Nippon Express Co., Ltd.
- Rhenus SE & Co. KG