Retail Logistics Market Segmentation:
Solution Segment Analysis
Supply chain solutions segment is set to capture over 34.6% retail logistics market share by 2035. The segment's substantial expansion is primarily due to its beneficial characteristics, such as timely delivery, omnichannel operations optimization, uncompromised product handling, and effective handling of client returns.
Furthermore, the growing adoption of cloud is also evaluated to boost segment expansion. Research Nester reported that in 2021, close to 39% of supply chain companies adopted the cloud in 2021 across the globe, whereas about 85% were strategizing to deploy the cloud in the coming five years.
Mode of Transportation Segment Analysis
By 2035, roadways segment is anticipated to dominate over 50.1% retail logistics market share. This segment's rapid growth is attributed to the rising need for long-distance road transport. In addition, several government initiatives are aiding the development of the condition of national and international highways. For instance, the U.S. Federal Highway Administration in November 2021, implemented the Infrastructure Investment and Jobs Act (IIJA). Consequently, this is estimated to improve road connectivity, which is additionally projected to improve logistics.
Our in-depth analysis of the global market includes the following segments:
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