Growth In Instant Order Deliveries Is Set to Drive E-Commerce Logistics Market Growth: Ken Research
E-commerce logistics refers to several processes such as inventory management, warehousing, packaging, labelling, invoicing, shipping, payment collection, return, and exchange. It depends on exhaustive information about territories, roads and road conditions, regulations concerning the movement of goods, and transport laws to convey the goods faster. It offers numerous benefits, such as proficient business growth, valuable insights, and scalability. Presently, the increasing cross-border e-commerce activities owing to higher per capita income levels of individuals and easy admittance to foreign brands are catalyzing the requirement for e-commerce logistics around the globe.
The major factors that are enlarging the growth of the e-commerce logistics market include the rising companies’ focus on geographical expansion and the growing e-commerce industry are some major factors that are contributing significantly towards the growth of the market. Growth in the e-commerce industry has been witnessed owing to the rising internet penetration and busy lifestyle of consumers.
According to the report analysis, ‘Competitive Landscape of Top 8 Indonesia E-Commerce Logistics Companies and Leading 5 E-Commerce Marketplace Platform: Basis GMV, GMV Split, Order Volume, Shipment Profile, Logistics Cost, Network, Fleets and Customer Profiles’ states that the E-Commerce logistics industry in Indonesia is one of the increasing markets in the country owing to the growing demand for e-commerce. Fast-increasing of the middle-class population, high customer confidence, varying consumer preferences, an augmenting number of financing options, augment penetration of internet and smartphone has pushed requirement for e-commerce leading surging requirement for e-commerce logistics as well.
The industry is observing huge investments by e-commerce players in logistics to confirm time-bound delivery. Jakarta, Surabaya, Sulawesi, Bandung, Kalimantan are the foremost hubs for demand and supply of the e-commerce logistics. Emerging business choices in the market have led to the entry of new players in the market. The COVID-19 pandemic has also strapped the requirement in the market as the need for social distancing has forced individual to rely on online shopping.
Indonesia being the mobile-first economy with 56% of the population linked to the internet is underwriting to the growth of the e-commerce market leading to a surge in requirement for logistics services. Indonesia’s e-commerce industry has been observing large investments from companies such as Expedia, Alibaba, Tencent, JD.com, and others, which has assisted industry growth.
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The competition in the E-Commerce Logistics space in Indonesia is ascetically concentrated whereby foremost 4-5 companies control the majority of the share in the market. The foremost e-commerce logistics companies involve Lazada express, JNE, J&T, Sicepat, Ninja Express, Wahana Express, Lion Parcel, Tiki, First logistics, and few others. The E-Commerce market is also temperately fragmented as the majority of the market share is collected by the topmost 5-6 players. Fleet size, clientele, no. of delivery centers, number of orders, value-added services, price, delivery time are the foremost competing parameters for the e-commerce logistics vendors.
Due to the COVID-19 outbreak, there has been a move from offline sales to online sales, which is predicted to confirm the substantial growth during the future as well. The e-commerce logistics market in the country is projected to develop on the back of new technologies such as Automation, Blockchain, and the Internet of Things, which will be explored to augment efficiency, advance the customer experience and improve the service quality. The share of Pharma e-commerce logistics is predicted to augment in the future. Indonesia’s E-Commerce Logistics market is projected to obtain the momentum with a fast-increasing middle-class population, high levels of customer confidence, and transforming buying behavior of customers. On the competition front, the E-Commerce Logistics market is projected to consolidate during the future as the majority of the e-commerce companies would be having their own logistics company.
For More Information on the research report, refer to below link:-
Indonesia E-Commerce Logistics Market
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