Retail Logistics Market Size

Retail Logistics Market size was valued at USD 240.5 Billion in 2023 and is poised to reach USD 1031.4 Billion by the end of 2036, registering around 12.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of retail logistics is evaluated at USD 271.5 Billion.

The rise in e-commerce has significantly shaped the retail logistics landscape. Consumers prefer the convenience of selecting products from extensive catalogs over online retail platforms. This has driven the demand for efficient inventory management, order fulfillment, and last-mile delivery services. According to the 2022 study by the World Trade Organization, the global commerce volume and value have increased at an average rate of 4% and 6% respectively from 1995-2022. Furthermore, the demand for quick-service delivery has implored companies to build sophisticated warehouse and logistics infrastructure. The establishment of micro-fulfilling centers is facilitating retailers to stay competitive in the rapidly evolving e-commerce sector.

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of retail logistics was USD 240.5 billion.

The market size for retail logistics is poised to cross USD 1031.4 billion by the end of 2036 expanding at a CAGR of 12.9% during the forecast period i.e., between 2024-2036.

The major players in the market are Schenker AG, IBM Corporation, A.P. Moller-Maersk, APL Logistics Ltd, and others.

The roadways segment is anticipated to generate a share of 50.1% during 2024-2036.

The Asia Pacific retail logistics sector is poised to hold a 25.9% share by the end of 2036.

Retail Logistics Market Size