About this market
Cross-border e-commerce involves a process by which customers purchase products from outside their borders. Cross-border e-commerce is significantly high in countries such as the US. China, Singapore, Indonesia, Australia, France, Mexico, and India. Customers in Australia buy clothes from online businesses outside their borders. Through cross-border e-commerce, sellers get the opportunity to expand their businesses outside their often-saturated home market and tap into newer markets. In cross-border e-commerce, logistics plays a major role as the movement of goods depends on transportation and distribution network. Hence, with the rise of cross-border e-commerce, a simultaneous increase in the demand for e-commerce logistics is expected during the forecast period. analysts have predicted that the E-commerce logistics market will register a CAGR of over 5% by 2023.
Market Overview
Rise in social commerce
The advent of social commerce has simplified the customer's shopping experience as well as helped brands to track sales leads directly from social media. Social commerce helps retail and e-commerce brands by diverting traffic to retail websites, increasing brand reach, and building trust among customers. With the growth in social commerce, e-commerce orders have increased. This, in turn, has increased the demand for e-commerce logistics, thereby driving market growth.
High logistics cost
There is also a rise in demand for same-day delivery among consumers. Quick delivery necessitates the need for efficient e-commerce logistics. This will eventually drive up the operational costs for logistics and transportation. Cost pressures are driving e-commerce logistics firms to switch to surface transit for deliveries, which, in turn, might affect market growth negatively.
For the detailed list of factors that will drive and challenge the growth of the e-commerce logistics market.
Competitive Landscape
The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.