Retail Logistics Market Regional Analysis:
APAC Market Insights
Asia Pacific industry is likely to hold largest revenue share of 26% by 2035. The market in this region is also projected to account for the highest revenue share of 25.9% during the forecast period owing to the penetration of e-commerce in China, India, and South Korea.
Additionally, the China market for retail logistics is poised to gather the highest growth over the projected period. This market growth is set to be influenced by the growth of several retail businesses in this region.
Furthermore, the market in India is also predicted to rise on account of the growing exportation of goods through waterways.
Moreover, the Japan market for retail logistics is set to see notable growth in the market from 2024 to 2035. This is driven by increasing spending on advanced technologies.
North American Market Insights
The North America market for retail logistics is also poised to have significant growth in its revenue during the forecast timeline. The growth of the market in this region is set to be dominated by rising disposable income, followed by an improving standard of living. According to the U.S. Bureau of Economic Analysis, the discretional income in the United States increased in March to approximately USD 20882 billion from over USD 20718 billion in February of 2024.
Additionally, the U.S. market for retail logistics is also set to rise in the upcoming years. The major factor driving market expansion in this nation is the surging food & beverage sector.
Moreover, with the rising penetration of unmanned vehicle drones the market in Canada is predicted to influence the market expansion over the forecast timeframe.
