North America E-Commerce Logistics Market Research Report Forecast to 2030
The North America E-Commerce Logistics market is noticing continuous growth during the forecast period, with a CAGR of 13.93.
E-Commerce logistics is observing tremendous prospects for growth mainly due to the increasing e-commerce sector, mounting international trades, and various technological advancements associated with the logistics industry. The increasing consumer preference for procurement of goods and services via fast delivery systems is also driving the market for e-commerce logistics in North America.
E-commerce logistics refers to the specialized processes, strategies, and systems involved in efficiently managing and coordinating the movement, storage, and delivery of goods purchased through online retail platforms. It covers a wide range of activities, including order processing, inventory control, warehousing, packaging, shipping, and last mile delivery. The aim of e commerce logistics is to optimize supply chain to cope with the demands of a Digital Consumer Market and guarantee that products from online sellers or retailers are distributed uniformly and reliably for consumers. To increase operational efficiency, reduce delivery time and provide a pleasant shopping experience for all customers during the whole e commerce process, this area often relies on technologies, data analysis or innovation solutions.
Market SegmentationBased on the service type, the North America e-commerce logistics market has been segmented into transportation and warehousing. Airways, railways, roadways, and waterways are further bifurcations of the transportation segment, whereas mega centers, hubs/delivery centers, and others are the subsegments of the warehousing segment.
Based on the type, the North America e-commerce logistics market has been segmented into forward logistics, and reverse logistics. Based on the model, the market has been segmented into 3PL, 4PL, and others. Based on the operational area, the North America e-commerce logistics market has been segmented into domestic, and international. Based on the vertical, the market has been segmented into apparel, consumer electronics, automotive, healthcare, food and beverage, and others.
Regional AnalysisThe US has emerged as the leading country in the North American e-commerce logistics market with a share of 77.48% in 2022. This is mainly due to the surge in online shopping and the proliferation of e-commerce platforms, the region has witnessed an increased demand for efficient and streamlined logistics solutions that can cater to the rapid movement of goods from online retailers to consumers' doorsteps. Apart from the US, Canada, and Mexico are also considered the key countries for the analysis of the North American E-logistics market. Canada has accounted for a value of USD 16,171.58 million in 2022 in terms of market value. Canada has a very strong trade relationship associated with the US, that in turn drives the country’s growth. Furthermore, Mexico is anticipated to observe lucrative growth prospects during the trajectory period as this country has registered a CAGR of 15.55% till 2030.
Major PlayersThe key players operating in the North America e-commerce logistics market include DHL, FedEx, Kuehne+Nagel Group, United Parcel Services, Rakuten Group Inc.
Companies MentionedDHL
FedEx
Kuehne+Nagel Group
United Parcel Services
Rakuten Group Inc.