A new report from Ken Research predicts that the US e-commerce logistics market will reach US$580bn by 2027, a 10.2% compound annual growth rate (CAGR).
The USA E-commerce Logistics Market report’s findings suggest that the market will continue to experience “an unprecedented boom, fueled by the relentless rise of online shopping and an insatiable demand for faster, more convenient deliveries”, Ken Research says.
The growth in US e-commerce, which reached a market size of US$260bn in 2022, is being driven by rising internet penetration and mobile adoption fueling online shopping and increasing demand for efficient delivery solutions; customer demand for fast, convenient and affordable delivery options, which is pushing logistics providers to innovate; growing urban populations and busy lifestyles that necessitate on-demand delivery services; and omnichannel integration which requires seamless supply chain integration and last-mile delivery solutions.
Despite the promising outlook, the report suggests some challenges need to be addressed including labor shortages, last-mile delivery costs, streamlining reverse logistics and keeping pace with rapid technological advancements.
Ken Research said, “The US e-commerce logistics market stands on the cusp of a transformative journey, promising to redefine convenience, fuel economic growth, and shape the future of retail. By overcoming challenges like labor shortages and embracing disruptive technologies, the sector can…
