USD 44.61 Bn growth in Cross-border E-commerce Logistics Market | Driven by increasing penetration of mobile computing devices | Technavio
NEW YORK, May 4, 2022 /PRNewswire/ — The global cross-border e-commerce logistics market size is expected to increase by USD 44.61 billion between 2020 and 2025, expanding at a CAGR of 11% during the forecast period. The report identifies APAC as the largest market. The presence of a large consumer base for e-commerce product suppliers is creating huge opportunities for market players.
Download Our Report Sample Now for highlights on market size, CAGR, YOY growth rates, and regional growth opportunities. Technavio has announced its latest market research report titled Cross-border E-commerce Logistics Market by Service and Geography – Forecast and Analysis 2021-2025 The global cross border ecommerce logistics market is fragmented owing to the presence of many regional and international players. The increase in technological innovations is expected to intensify the competition in the market. The major vendors in the market compete on various parameters such as providing innovative solutions like fulfillment centers closer to the customer location.
Technavio identifies A.P. Moller Maersk AS, Aramex International LLC, C.H. Robinson Worldwide Inc., CEVA Logistics AG, Deutsche Post AG, DSV Panalpina AS, FedEx Corp., Kuehne Nagel International AG, United Parcel Service Inc., and XPO Logistics Inc. as some of the major market participants. Although the increasing penetration of mobile computing devices, growth of eCommerce startups, and increasing cross border eCommerce activities will offer immense growth opportunities, the high cost of air freight and logistics, growing number of cargo thefts, and stringent regulations on eCommerce logistics will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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