The 2022 global e-commerce logistics market shrank by 5% in 2022 but is expected to moderate and grow by 7.9% in 2023, according to market research consultancy Ti Insight.
In its latest report ̶ Global E-commerce Logistics 2023 ̶ Ti’s data reveals that the e-commerce logistics market shrank in 2022 due to slowing demand, as well as the effects of the war in Ukraine, inflation, disrupted global supply chains and depressed consumer spending.
However, this should not detract from the fact e-commerce remains firmly entrenched in buying behaviours, and the market remains larger than pre-pandemic. The report from Ti – the leading provider of market research to the global logistics industry – shows that the market is expected to grow by 7.9% in 2023 as e-commerce continues on its long-term growth trajectory.
Paul Chapman, Ti’s Senior Editor, said “The e-commerce logistics market experienced a significant spike in growth during Covid lockdown. These figures should therefore be viewed as a rebalancing of demand, as opposed to anything negative. Indeed, the e-commerce logistics market is ahead of where it was in 2019 by some measure. eCommerce sales, the main driver of demand, remains higher than pre-covid levels, as pandemic buying behaviours continue to influence consumer spending choices and eCommerce volumes subsequently grow from a higher base than pre-pandemic, despite a slowing global market and conflict in Europe.”
The Global E-commerce Logistics Report – written by industry researchers, analysts and associates ̶ is one of several reports published each year by the Ti team, utilising data from its GSCI knowledge portal, a data powerhouse with over 1m pieces of data and analysis.
The report takes an in-depth look at the core trends influencing the market, such as e-commerce retail sales, M&A and consolidation, PUDO network growth and the growth of e-commerce logistics start-ups.
The full report – available here – also provides a snapshot of the e-commerce logistics competitive landscape as well as provider profiles and market forecasts.