Thecross-border e-commerce logistics marketand it is poised to grow by USD 30.79 bn during 2020-2024, progressing at aCAGR of over 8% during the forecast period. The report offers an up-to-dateanalysis regarding the current market scenario, latest trends and drivers, andthe overall market environment.
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Frequently Asked Questions:
- What are the major trends in the market?
Growing demand for logistics fulfillment centers is a major trend driving the growth of the market. - At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 6.60% and the incremental growth of the market is anticipated to be $ 30.79 bn. - Who are the top players in the market?
A.P. Møller - Mærsk AS, Aramex International LLC, C.H. Robinson Worldwide Inc., CEVA Logistics AG, Deutsche Post AG, DSV Panalpina AS, FedEx Corp., Kuehne + Nagel International AG, United Parcel Service of America Inc., and XPO Logistics Inc., are some of the major market participants. - What is the key market driver?
The digital transformation in logistics is one of the major factors driving the market. - How big is the APAC market?
The APAC region will contribute 43% of the market share.
The market is fragmented, and the degree of fragmentation willaccelerate during the forecast period. A.P. Møller - Mærsk AS, AramexInternational LLC, C.H. Robinson Worldwide Inc., CEVA Logistics AG, DeutschePost AG, DSV Panalpina AS, FedEx Corp., Kuehne + Nagel International AG, UnitedParcel Service of America Inc., and XPO Logistics Inc. are some of the majormarket participants. The digital transformation in logistics will offer immensegrowth opportunities. To make most of the opportunities, market vendors shouldfocus more on the growth prospects in the fast-growing segments, whilemaintaining their positions in the slow-growing segments.
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Cross-border E-commerce Logistics Market 2020-2024: Segmentation
Cross-border E-commerce Logistics Market is segmented as below:
- Service
- Transportation
- Warehousing
- Others
- Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
Cross-border E-commerce Logistics Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study,synthesis, and summation of data from multiple sources. The cross-border e-commerce logisticsmarket report covers the following areas:
- Cross-border E-commerce Logistics Market Size
- Cross-border E-commerce Logistics Market Trends
- Cross-border E-commerce Logistics Market Industry Analysis
This study identifies the growing demand for logistics fulfillment centersas one of the prime reasons driving the cross-border E-commerce logisticsmarket growth during the next few years.