Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 97.33 Billion | USD 230.68 Billion | 13.12% | 2022 |
According to the report published by Zion Market Research, the global E-commerce Fulfillment Market size was valued at USD 97.33 Billion in 2022 and is predicted to reach USD 230.68 billion by the end of 2030.The market is expected to grow with a CAGR of 13.12% during the forecast period.
The report analyzes the global E-commerce Fulfillment Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the E-commerce Fulfillment Market Industry.
Fulfillment services centers are ideal for e-commerce merchants who do not possess a robust capability of warehousing and investing in additional efforts in shipping and other charges. These services enable outsourcing of warehousing, storage, shipping, bundling, and various similar value-added services including urgent delivery services as well as easy return management, empowering e-commerce companies to focus on their primary operations. In-house management of fulfillment services by the e-commerce merchants is also easily feasible and consequently it is a rising trend amongst the merchants.
Even during the aftermath of the COVID-19 pandemic, the demand for optimization solutions across e-commerce companies is likely to stay afloat, thanks to the growing focus toward improving labor efficiency at the same time lowering the inbound as well as outbound freight costs.
The expansion of the e-commerce platforms and the resulting hike in the number of online buyers, specifically in the emerging markets, is one of the vital factors supporting the global e-commerce fulfillment services market growth. Proliferation of the trend of online shopping is driving the growth of the market to a higher level. The consumers are turning from in-store shopping toward various online platforms. This, alongside the adoption of latest technologies including machine learning and artificial intelligence (AI) is fueling the growth of the global e-commerce fulfillment services market.
The outbreak of the COVID-19 pandemic and the imposition of stringent lockdown restrictions across significant marketplaces of the world has encouraged the customers to use e-commerce channels in order to maintain social distancing. As the overwhelming demand for essentials and other goods has been spiraling across e-commerce websites amid the pandemic, e-commerce & retail companies have been striving to keep up with their production capacities without incurring extra costs. This has stimulated a higher necessity for these services, ensuring the growth of the global e-commerce fulfillment services market.
The global e-commerce fulfillment services market has been categorized into various market segments including application, service type, end-users, and region. Based on application, the service market is segregated into consumer electronics, beauty & personal care, healthcare, automotive, books & stationery, home & kitchen applications, clothing & footwear, sports & leisure, and other such categories of products. Consumer electronics segment might surface as a major segment of the market through the forecast timeframe, triggered by the expanding consumer demand and their growing disposable incomes.
On the basis of service type, the global e-commerce fulfillment services market is segmented into storing & warehousing fulfillment services, shipping fulfillment services, bundling fulfillment services, amongst other services. The shipping services are gaining considerable traction in the recent times, thanks to the advancement of the transport & logistics industry.
On the basis of end-users, the global e-commerce fulfillment services market is segmented into large, medium-sized, & small enterprises, value-added resellers, investors, investment bankers, key consulting companies & advisors, venture capitalists, and third-party knowledge providers.
Report Attributes | Report Details |
---|---|
Report Name | E-commerce Fulfillment Market Research Report |
Market Size in 2022 | USD 97.33 Billion |
Market Forecast in 2030 | USD 230.68 Billion |
Growth Rate | CAGR of 13.12% |
Number of Pages | 185 |
Key Companies Covered | Amazon.com Inc., Etsy Inc., Flipkart.com Inc., eBay Inc., e-fulfillment Service Inc., FedEx Fulfillment, Red Stag, Fulfillment, Xpert Fulfillment, Shipfusion Inc., ShipBob Inc., ShipMonk, Rakuten Super Logistics (RSL), Sprocket Express, United Parcel Service of America, FedEx Corp., Ingram Micro Inc. |
Segments Covered | By Application, By Service Type, By End-Users Type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific is poised for maximum growth through the forecast years, on account of the boom in the e-commerce industry across the region. Moreover, various countries in this region including Japan, China, and South Korea rank amongst the 10 leading exporters of a variety of merchandise, marking a notable rise in e-commerce sales. The expanding spending capacity of the Asian population, rising population rates, wide-scale acceptance of mobile e-commerce platforms such as mobile e-commerce apps & e-commerce websites, and higher acceptance of technology is paving the way for considerable expansion opportunities. As the awareness pertaining to the advantages of these services has been spreading, the emerging economies are slated to accrue a substantial sum in terms of revenue.
North America is anticipated to be a prominent share contributor and is certain to have a magnificent CAGR owing to the existence of several key industry participants in the region. The availability of a developed transport infrastructure has been supporting a robust expansion of the logistics and transport industry in North American countries such as Canada and the U.S. The superior connectivity, presence of leading brands, and growing investments are responsible for the development of the North American market for fulfillment services.
Some of the leading industry players thriving in the global e-commerce fulfillment services market include:
By Application
By Service Type
By End-Users Type
By Region:
FrequentlyAsked Questions
As the overwhelming demand for essentials and other goods has been spiraling across e-commerce websites amid the pandemic, e-commerce & retail companies have been striving to keep up with their production capacities without incurring extra costs. This has stimulated a higher necessity for these services, ensuring the growth of the global e-commerce fulfillment services market.
Asia Pacific is poised for maximum growth through the forecast years, on account of the boom in the e-commerce industry across the region. Moreover, various countries in this region including Japan, China, and South Korea rank amongst the 10 leading exporters of a variety of merchandise, marking a notable rise in e-commerce sales.
Some of the leading industry players thriving in the global e-commerce fulfillment services market include Amazon.com Inc., Etsy Inc., Flipkart.com Inc., eBay Inc., e-fulfillment Service Inc., FedEx Fulfillment, Red Stag Fulfillment, Xpert Fulfillment, Shipfusion Inc., ShipBob Inc., ShipMonk, Rakuten Super Logistics (RSL), Sprocket Express, United Parcel Service of America, FedEx Corp., and Ingram Micro Inc.
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