In 2022, the e-commerce logistics sector saw a significant downturn, largely due to a normalization in e-commerce sales. After the exceptional surge in online shopping during the pandemic, consumer behaviour gradually reverted to pre-pandemic patterns, affecting demand within the e-commerce logistics industry.
This transition marked a departure from the heightened demand seen during the pandemic, resulting in a temporary slowdown in market growth. However, the 7.5% growth in 2023 indicates a strong recovery and suggests a return to a steadier growth path for the e-commerce logistics market.
While the pandemic-induced spike in e-commerce activity led to an extraordinary peak in 2020 and 2021, the market has since recalibrated, showing a more sustainable growth rate post-pandemic.
The primary driver of the e-commerce logistics market is the robust growth in global e-commerce sales, which are projected to continue their upward trajectory over the next five years. According to Statista data, e-commerce sales are forecasted to reach $5,307bn by 2028, with a CAGR of 11.0% during the same period.
The e-commerece market tends to outperform traditional retail markets.
Recent October 2023 IMF GDP figures have been readjusted, and that can be attributed to stronger-than-expected economic resilience in the United States and several key emerging markets and developing nations, supplemented by fiscal stimulus measures implemented in China.
Forecasting the trajectory of the e-commerce industry amid uncertain political and economic landscapes presents a considerable challenge. On average, our analysis suggests that countries experience a peak in e-commerce growth around 2025, likely due to the market rebounding from a recent downturn and starting from a relatively low base. This consistent growth pattern is evident across various regions. However, growth is expected to plateau following the projected peak as more emerging markets reach maturity. Despite this trend, a few innovations such as mobile commerce (m-commerce) and advancements in AI-driven advertising, shopping, and tools may sustain high growth rates for a slightly extended period.
Global e-commerce Logistics 2024 provides the data you need to develop your supply chain strategy in 2024 and beyond – including 2023 market sizes, 2024-2028 forecast data, trend analysis & competitive analysis of leading industry players.
Use the report to understand the growth trajectory of key markets, developing technologies and keep ahead of the social commerce curve.
Get the report here.
