Asia Pacific Retail Logistics Market Size Booming at CAGR of 7.24% to Surpass Whopping USD 82.1 Billion by 2030

Published | 21 May 2024

Asia Pacific Retail Logistics Market is flourishing due to the thriving e-commerce sector, rapid urbanization across the region, rising disposable income, and increasing adoption of automation, robotics, and data analytics in logistics.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Asia Pacific Retail Logistics Market size at USD 69.44 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Asia Pacific Retail Logistics Market size to expand at a CAGR of 7.24% reaching a value of USD 82.11 billion by 2030. The Retail Logistics Market in Asia Pacific region is propelled by the booming retail and e-commerce. The increasing popularity of online shopping has also contributed significantly to this demand, as it requires swift and reliable product delivery and pickup services, both domestically and internationally. Also, the COVID-19 pandemic, which began in early 2020, disrupted many industries due to widespread lockdowns and other restrictions. However, retail logistics experienced notable growth as more people turned to online shopping during periods of isolation. The shift toward online retail has further accelerated the growth of Asia Pacific Retail Logistics Market, presenting considerable opportunities for continued expansion in the retail logistics sector in the coming years.

Opportunity - Growing Demand for Efficient Cold Chain Logistics

The Asia Pacific Retail Logistics Market is experiencing a surge in demand due to the growing need for efficient cold chain logistics. It is driven by the increased consumption of perishable goods like seafood, meat, and fresh produce, alongside the rise of e-commerce platforms. As more consumers turn to online grocery shopping, the demand for cold storage and refrigerated transportation has escalated to ensure products are delivered fresh and safe. Also, urbanization has influenced consumer habits, with changing lifestyles leading to a greater appetite for a broader range of fresh and frozen foods. This shift has intensified the demand for robust cold chain logistics to meet the evolving needs of urban consumers, further boosting the Asia Pacific Retail Logistics Market.

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Impact of Geopolitical Tensions on Asia Pacific Retail Logistics Market

Geopolitical tensions in the Asia Pacific region exert a notable impact on the Retail Logistics Market, leading to disruptions in trade and supply chains. Trade disputes, sanctions, or political instability may result in increased tariffs, stricter customs regulations, and delays at borders. These factors can disrupt the flow of goods, leading to increased costs and longer lead times for deliveries. Also, geopolitical instability can create uncertainty, affecting investment and business confidence in the region. Companies might delay expansion plans or seek alternative markets to mitigate risks. This instability can also lead to currency fluctuations and impact on global logistics networks, ultimately posing challenges to growth and efficiency in the Asia Pacific retail logistics market.

Asia Pacific Retail Logistics Market

Segmental Information

Asia Pacific Retail Logistics Market – By Application

By application, the Asia Pacific Retail Logistics Market is divided into Railways, Airways, Roadways, and Waterways segments. The roadways segment holds the highest share in the Asia Pacific Retail Logistics Market by application. It can be attributed to the rising demand for long-distance road transportation, particularly within domestic regions. Another key factor boosting this growth is the efficient and quick delivery and return process for goods. Additionally, various government initiatives to enhance national and international highways contribute to the segment's expansion. The government’s focus on improving highway infrastructure includes continuous monitoring using cognitive analytics and Internet of Things (IoT) technologies, ensuring optimal road conditions. Together, these factors create a favorable environment for the segment's growth, promoting faster and more reliable transportation for goods.

Asia Pacific Retail Logistics Market – By Country

The in-depth research report on the Asia Pacific Retail Logistics Market covers the market in the region’s major countries including China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and Rest of APAC. China region holds the highest share in the Asia Pacific Retail Logistics Market and is expected to maintain its dominance during the forecast period. It can be attributed to the rapidly growing e-commerce sector. Events like Singles' Day, which generate billions in sales within hours, underscore China's powerful consumer base. Alibaba, a leading e-commerce company, is driving significant infrastructure development, with plans to invest up to USD 16 billion in China's Smart Logistics Network over the next 5 to 8 years. This massive investment enhances logistics capabilities, supporting efficient parcel delivery, regional distribution, and last-mile services. The market is also influenced by emerging e-commerce models, such as "line-haul + regional distribution center + last mile delivery," and the rise in cross-border e-commerce activities. These factors cement China's position as a dominant force in the Asia Pacific retail logistics landscape.

Competitive Landscape

The Asia Pacific Retail Logistics Market is fragmented, with numerous players serving the market. The key players dominating the Asia Pacific Retail Logistics Market include Nippon Express Co., Ltd., APL Logistics Ltd, Schneider, Kuehne + Nagel International AG, C.H. Robinson, DHL International GmbH, DSV, CJ Logistics Corporation, Nippon Express, Crown Logistics, and Maersk. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

Don’t miss the business opportunity of the Asia Pacific Retail Logistics Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the Asia Pacific Retail Logistics Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Asia Pacific Retail Logistics Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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