U.S. Retail Logistics Industry Overview
The U.S. retail logistics market size was valued at USD 43.17 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.0% from 2022 to 2030.
The escalating demand for retail logistics across the U.S. due to the pandemic is expected to propel market growth in the forthcoming years. A retail logistics company provides services, including inventory management, packaging, cross-docking, and door-to-door delivery. The rapid growth of the global e-commerce sector and the development of new technologies drive the demand for logistics services. The end-use industries and manufacturers generally lack the internal control needed for addressing logistics issues. Such factors have provided a boost to the growth of the logistics industry.
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Globalization has increased international trades and demands for greater efficiency, in transportation and logistics activities by the end-users, to enable on-time delivery. Regardless of whether the supply chain is international or domestic, effective management of the purchased transportation process, to reduce cost and complexity and improve control, is essential.
Retail logistics include the entire process between a customer ordering a product and receiving it after a few days. The value chain of the target market encompasses each stage of the product movement from the warehouse and final delivery to the customer. It includes receiving the goods, warehousing inventory, processing the order, and delivering them after the requisite packaging and labeling process. During this entire process, a specific value is added at each stage of the process, therefore, contributing to the final value of the delivered product.
The retail logistics value chain constitutes the basic elements such as clients, material suppliers, customers, and vendors. Several clients or companies outsource a part or all of their logistics activities to service providers or vendors. These vendors typically handle more than one client at any given time. The client communicates the receipts or shipments to the logistics vendor, who then conducts the transaction on the client’s behalf. The client is thus either a buyer or seller for a transaction. The activities that are typically carried out by logistics vendors are warehousing, inventory management, cross-docking, transportation, and freight forwarding.
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- E-commerce Market – The global e-commerce market size was valued at USD 9.09 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027. Increasing penetration of the internet is bolstering the smartphone-using population across the world. Digital content, travel and leisure, financial services, and e-tailing among others constitute a variety of e-commerce options available to the internet accessing customer base that is gaining momentum with increased internet usage.
- Retail Logistics Market – The global retail logistics market size was valued at USD 227.61 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.3% from 2022 to 2030. Due to increased worldwide trade activity, particularly in emerging economies, and global transportation infrastructure expansion, the market is likely to rise incrementally.
U.S. Retail Logistics Market Segmentation
Grand View Research has segmented the U.S. retail logistics market based on type, solution, and mode of transport:
U.S. Retail Logistics Type Outlook (Revenue, USD Million, 2017 – 2030)
- Conventional Retail Logistics
- E-Commerce Retail Logistics
U.S. Retail Logistics Solution Outlook (Revenue, USD Million, 2017 – 2030)
- Commerce Enablement
- Supply Chain Solutions
- Reverse Logistics & Liquidation
- Transportation Management
U.S. Retail Logistics Mode of Transport Outlook (Revenue, USD Million, 2017 – 2030)
Market Share Insights
- April 2022: DSV Panalpina A/S opened a new facility in Lancaster, Texas with over one million square feet of warehousing capacity.
- August 2020: APL Logistics Ltd announced the launch of a suite of products to measure, manage, and mitigate GHG emissions in the shipping and logistics sector.
- March 2020: C.H. Robinson Worldwide Inc. announced the acquisition of the outstanding shares of Prime Distribution Services, a retail consolidation services provider in North America, for USD 222.7 million.
Key Companies profiled:
Some prominent players in the U.S. retail logistics market include
- APL Logistics Ltd
- A.P. Moller – Maersk
- C.H. Robinson Worldwide, Inc.
- DHL International GmbH
- Kuehne + Nagel International
- Nippon Express
- United Parcel Service
- XPO Logistics, Inc.
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