E-Commerce Fulfillment Services Market Is Anticipated To Boost The Growth Over The Forecast Period

 E-commerce Fulfillment Services Industry Overview

The global e-commerce fulfillment services market size is anticipated to reach USD 198.62 billion by 2030, growing at a CAGR of 9.5% over the forecast period, according to a new report by Grand View Research, Inc. The rapid penetration of internet services and a resultant rise in the number of online shoppers is the major factor driving the demand for e-commerce fulfillment services worldwide. Consumer expectations with regards to delivery time, shipping speed, and associated costs are changing rapidly. As per the GVR analysis, the major reason for consumers abandoning online shopping carts include delayed shipping. Therefore, established merchants, such as Amazon.com, Inc., have started delivering orders in the shortest turnaround time, in some cases within an hour across large cities.

 

This has been possible only because of the strategic location and positioning of fulfillment service centers. The growing demand for a shorter delivery period has augmented the need for micro warehouses with a wide geographical presence to ensure the order reaches the end-user in a short period. Picking and bundling play a vital role in fulfilling the rapid delivery demand of customers. In addition, automated packaging and labeling solutions used at fulfillment centers help staff sort, locate, seal, package, and label products in a relatively lesser time, thereby accelerating the delivery process. Over the years, e-commerce fulfillment service companies have gained significant momentum, especially with a rise in the number of e-commerce start-ups and fast-growing Small- & Medium-sized Enterprises (SMEs) worldwide.

 

E-commerce Fulfillment Services Market Segmentation

Grand View Research has segmented the global e-commerce fulfillment services market based on service type, application, and region:

Based on the Service Type Insights, the market is segmented into Warehousing & Storage Fulfillment Services, Bundling Fulfillment Services, Shipping Fulfillment Services, and Others.

  • The shipping fulfillment service segment led the market and accounted for the maximum share of more than 35.6% of the global revenue in 2021. The trade liberalization policies and cross-border shipment agreements have resulted in increased trade and shipping activities.
  • The introduction and adoption of automated robots and Augmented Reality(AR) technology in warehouses is significantly improving the operational efficiency and consequently contributing to the segment growth as players in the online sales market worldwide continue to outsource these services in a bid to reduce the delivery time.

 

Based on the Application Insights, the market is segmented into Automotive, Beauty & Personal Care, Books & Stationery, Consumer Electronics, Healthcare, Clothing & Footwear, Home & Kitchen Application, Sports & Leisure, and Others.

  • The consumer electronics segment is expected to emerge as the fastest-growing segment, registering a CAGR of 11.8% from 2022 to 2030. The growth is attributed to the burgeoning demand for consumer electronics coupled with the need for careful handling of fragile electronics products.
  • E-commerce fulfillment centers not only manage the specific requirements of packaging but also offer bundling and assembly services. Several electronic products come with accessories, such as controllers, extra cables, headphones, and speakers that consumers wish to order together as a kit.
  • To focus on their core business operations, e-commerce companies outsource their storage, processing, and shipping requirements to third-party service providers. In addition, the clothing and footwear segment held the largest share in 2021. Among all the product categories available on e-commerce platforms, sales from the clothing and footwear segment were the highest in 2021.

 

E-commerce Fulfillment Services Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

Service portfolio extension remains the premier strategy adopted by the fulfillment service providers. For instance, in February 2019, United Parcel Service of America, Inc. launched a new e-fulfillment platform. This new platform connects the company’s fulfillment service centers to small- and medium-sized businesses on 21 online marketplaces, including Amazon.com, Inc.; eBay Inc.; and Etsy, Inc.

The platform enables businesses to handle their orders and inventory easily across several marketplaces from a single location. Consumers worldwide are becoming more demanding of service aspects, especially regarding the lead time and shipping cost. To cater to the growing consumer expectations, the fulfillment services providers are increasingly focusing on shortening the delivery cycle along with providing services, such as click-and-collect services, to avoid delivery charges and ensure easy return and exchange. Some prominent players in the e-commerce fulfillment services market include:

  • com, Inc.
  • eFulfillment Service, Inc.
  • Ingram Micro, Inc.
  • Rakuten Super Logistics
  • Red Stag Fulfillment
  • ShipBob, Inc.
  • Shipfusion Inc.
  • Xpert Fulfillment
  • Sprocket Express
  • FedEx
  • United Parcel Service of America, Inc.

 

Order a free sample PDF of the E-commerce Fulfillment Services Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Browse More Report@ https://www.grandviewresearch.com/research-insights/metaverse-market-snapshot

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