Global e-commerce fulfillment services market is expected to foresee significant growth. APAC to lead the growth!
- Himanshu Patni
- November 20, 2022
- TELECOM & IT
- E-commerce Fulfillment Services Market, E-commerce Fulfillment Services Market growth, E-commerce Fulfillment Services Market Share, E-commerce Fulfillment Services Market Size, E-commerce Fulfillment Services Market Trends
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The global e-commerce fulfillment services market is expected to register a CAGR of around 10% over the period of 2021-2027. This is mainly due to the proliferation of electronic commerce, increasing smartphone and internet penetration, and developments in the electronics industry. Moreover, the rising disposable income followed by the advancements in the e-commerce industry is positively stimulating the industry landscape. E-commerce fulfillment is the entire process of delivering an order after a customer place an order online. This part of the supply chain includes receiving and storing inventory, processing orders, picking items, packing boxes, and shipping items to the destinations of customers.
Based on the service type, the market is segmented into bundling fulfillment services, shipment fulfillment services, warehousing and storage fulfillment services, and others. Among these, the shipment segment held a prominent share of the e-commerce fulfillment services market in 2020 and is expected to witness substantial growth during the forecast period owing to trade relaxation policies and cross-border shipment agreements between countries.
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Based on application, the market is categorized into consumer electronics, healthcare, manufacturing, consumer goods and retail, food and beverages, and others. Consumer electronics accounted for a commendable share of the e-commerce fulfillment services market in 2020 and is anticipated to witness substantial growth during the forecast period owing to the increasing demand for consumer electronics coupled with the need for careful handling of fragile electronics products and gadgets.
For a better understanding of the market adoption of the e-commerce fulfillment services, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, UK, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Rest of World. APAC accounted for a prominent share of the global e-commerce fulfillment services market and is expected to grow at a steady growth rate during the forecast period owing to the rising internet penetration rate and growing demand for consumer electronics in the region. In addition, the rapidly growing e-commerce industry is playing a significant role in the growth of this market in the region.
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Some of the major players operating in the e-commerce fulfillment services market are Amazon.com Inc., eFulfillment Service Inc., Ingram Micro Inc., Rakuten Inc., Red Stag Fulfillment LLC, ShipBob Inc., Shipfusion Inc., FedEx Corporation, United Parcel Service of America Inc., and Nolan Transportation Group.
Global E-Commerce Fulfillment Services Market Segmentation
Market Insight, by Service Type
- Bundling Fulfillment Services
- Shipment Fulfillment Services
- Warehousing and Storage Fulfillment Services
Market Insight, by Application
- Consumer Electronics
- Consumer Goods and Retail
- Food and Beverages
Market Insight, by Region
- North America
- Rest of North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- Amazon.com Inc.
- eFulfillment Service Inc.
- Ingram Micro Inc.
- Rakuten Inc.
- Red Stag Fulfillment LLC
- ShipBob Inc.
- Shipfusion Inc.
- FedEx Corporation
- United Parcel Service of America Inc.
- Nolan Transportation Group LLC