According to Research And Markets, the global retail logistics market size is estimated at $422.27 billion with a CAGR of 12.75% by 2026.
The report “Research on the global retail logistics market and forecast to 2026” has just been released by Research And Markets . Specifically, the size of the global retail logistics market is estimated at $205.44 billion in 2020, is expected to reach $230.96 billion in 2021 and grows at a CAGR (compound annual growth rate). 12.75%, reaching $422.27 billion by 2026.
The retail logistics market is expected to reach $422.27 billion by 2026. Photo: Logistics Manager
In this report, the years 2018 and 2019 are considered as historical years, 2020 as the base year, 2021 as the estimated year and the years from 2022 to 2026 as the forecast period.
Research And Markets analyzes the competitive landscape in terms of market, applicability, and geography to help suppliers identify their capabilities and future growth opportunities. In particular, the report describes in detail how to optimize or increase the convenience for suppliers to apply strategies of mergers, acquisitions, geographical expansion, research and development, etc., in order to grow over time. forecast.
In addition, the study also provides an analysis of the contribution of suppliers to the overall market. From there, they will be provided with ideas to increase their competitiveness.
Previously, Research And Markets also forecast the third-party logistics (3PL) market size to reach $1,035.58 billion in 2021 at a CAGR of 7.51%, reaching $1,492.25 billion in 2026.
The report also highlights FPNV’s positioning matrix that helps to evaluate and classify suppliers in the 3PL market based on business strategy and customer satisfaction. Thereby, helping businesses make better decisions and understand the competitive landscape.