Retail Logistics Market To Hit $626.59 Billion By 2030: Grand View Research, Inc.

The global retail logistics market size is anticipated to reach USD 626.59 billion by 2030, registering a CAGR of 12.5%. This growth is likely to be driven by new last-mile delivery methods, such as the introduction of the Internet of Things (IoT), the use of data analytics, and urban warehousing, among others, in the supply chain. The conventional retail logistics segment held a substantial market share in 2022, while the supply chain solution segment accounted for a notable market share in 2022 due to the increased adoption of cloud-based solutions in supply chain management. The roadways segment emerged as the dominant market player in 2022 within the mode of transport segment.