A $729.1 Billion Global Opportunity for eCommerce Logistics by 2026 - New Research from StrategyR
SAN FRANCISCO, Jan. 18, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "eCommerce Logistics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Global eCommerce Logistics Market to Reach US$729.1 Billion by the Year 2026
Amid the COVID-19 crisis, the global market for eCommerce Logistics estimated at US$243.4 Billion in the year 2020, is projected to reach a revised size of US$729.1 Billion by 2027, growing at a CAGR of 18.9% over the analysis period. Domestic, one of the segments analyzed in the report, is projected to grow at a 19.9% CAGR to reach US$571.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the International segment is readjusted to a revised 16.9% CAGR for the next 7-year period. This segment currently accounts for a 34.1% share of the global eCommerce Logistics market. The Covid-19 pandemic led to rapid growth of e-commerce logistics market. Players in the market are feeling the need to adapt to new opportunities and challenges to retain market share and business growth during peak seasons just as Amazon Prime Air service is doing by delivering packages below 5 pounds within 30 minutes or even less.
The U.S. Market is Estimated at $50.5 Billion in 2021, While China is Forecast to Reach $238.3 Billion by 2026
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SOURCE Global Industry Analysts, Inc.
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