Global Omnichannel Logistic Market
Global Omnichannel Logistic Market By Type (Online, In-store), By Application (Ship from store, Drop-shipping, Buy online, pick up in-store (BOPIS), Reserve online, pick up in-store (ROPIS), Buy online, return in-store (BORIS), In-store purchase, home delivery) And By Geography – Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends And Forecast From 2023 to 2034
The global Omnichannel Logistic market was valued at $426.3 Billion in 2023 and is anticipated to grow at a CAGR of 12.16% from 2023 to 2034. This growth is attributed to several macro and microeconomic factors such as
Rising E-Commerce AdoptionThe rapid rise of e-commerce has significantly fueled the demand for robust and efficient omnichannel logistics solutions. As online shopping continues to gain popularity, consumers expect seamless and convenient delivery experiences, regardless of the channel they choose to shop from. To meet these escalating expectations, businesses must invest in sophisticated logistics infrastructure and services that can handle the increasing volume of online orders and diverse delivery requirements. Omnichannel logistics enables retailers to integrate their online and offline channels, providing a unified customer experience and optimizing inventory management, order fulfillment, and last-mile delivery.
Further several factors restraining the market growth include
High Implementation CostsImplementing an omnichannel logistics strategy requires significant upfront investment. Businesses must invest in advanced warehouse management systems (WMS), transportation management systems (TMS), and other technological solutions to integrate their various sales channels and streamline operations. Additionally, upgrading existing infrastructure, such as warehouses and distribution centers, to accommodate omnichannel demands can incur substantial costs. Furthermore, training employees to handle the complexities of omnichannel fulfillment and customer service adds to the overall implementation expense. These high initial costs can be a major barrier for businesses, particularly smaller retailers, hindering their adoption of omnichannel logistics.
Growth in Last-Mile Delivery Solutions and collaborations and alliances in the Omnichannel Logistic market are expected to generate higher avenues during the forecast period.In the wake of the COVID-19 pandemic, supply chain disruptions have led to supply shortages or lower demand in the Omnichannel Logistic market. The pandemic has caused a decline in new orders and a corresponding decrease in production.
This section will analyze how COVID-19 has impacted supply chains, leading to shortages and lower demand for Omnichannel Logistic.
In terms of COVID-19 impact, the Omnichannel Logistic market report also includes the following data points:Impact on Omnichannel Logistic market size
Operating Weights Trend, Preferences, and Budget Impact
Regulatory Framework/Outdoor Policies
Key Players' Strategy to Tackle Negative Impact/Post-COVID Strategies
Opportunity in the Omnichannel Logistic market
Key Insight in the report:The global Omnichannel Logistic market report covers an executive summary, market dynamics, COVID impact & post-COVID scenario, market size and forecast, competitive intelligence, market positioning, and Types.
Our report covers extensive competitive intelligence which includes the following data points:Business Overview
Business Segment Data
Financial Data
Product Segment Analysis and Specification
Recent Development and Company Strategy Analysis
SWOT Analysis
Omnichannel Logistic Market Segmentation:Type
Online
In-store
Application
Ship from store
Drop-shipping
Buy online, pick up in-store (BOPIS)
Reserve online, pick up in-store (ROPIS)
Buy online, return in-store (BORIS)
In-store purchase, home delivery
Region/ Countries Covered:North America
US
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
BeNeLux
Russia
Rest of Europe
Asia Pacific
China
Australia
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Egypt
South Africa
Rest of Middle East & Africa
Key Players Analyzed in the Report:XPO Logistics
DHL Supply Chain
Americold Realty Trust
Ryder Supply Chain Solutions
GEODIS
FedEx
Lineage Logistics
Kenco Group
NFI
DB Schenker