E-commerce Fulfillment Services Market: Overview
The proliferation of e-commerce and a resultant rise in the number of online buyers, especially in the emerging economies, is anticipated to fuel market development. Fulfillment service centers enable e-commerce merchants to outsource services including packaging, warehousing, transporting, and other value-added services, for example, return management and urgent parcel service. A fulfillment center is ideal for merchants that don't have hearty warehousing capabilities to manage inventory directly and don't have any desire to invest extra efforts in transportation.
The global e-commerce fulfillment service market is classified on the basis of service, application, and regions. In terms of service type, the market is grouped into shipping, bundling, warehousing and storage fulfillment services, and others. Based on application, the market is grouped into sports & leisure, home & kitchen application, clothing & footwear, healthcare, consumer electronics, books & stationery, beauty & personal care, automotive, and others.
The report on the worldwide e-commerce fulfillment market is based on a comprehensive overview of the market and its prime development trajectories. This includes drivers, restraints, challenges, and impending development opportunities. The report likewise features the effect of the novel COVID19 pandemic on this market and how could manufacturers benefit from it by taking on certain strategies. The report records the table of segmentation, just as the number of players operating in this market. Recent trends and impending opportunities will further shape the future of this market.
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E-commerce Fulfillment Services Market: Nature of Competition
Service portfolio extension remains the premier strategy adopted by the market players. For instance, in February 2019, United Parcel Service of America, Inc. launched a new eFulfillment stage. This new stage connects the organization's fulfillment service centers to little and medium-sized businesses on 21 online marketplaces, including Amazon.com, Inc.; eBay Inc.; and Etsy, Inc. The stage enables businesses to handle their orders and inventory easily across several marketplaces from a single area. Consumers worldwide are becoming more demanding towards service aspects, especially regarding the lead time and transportation cost. To cater to the developing consumer expectations, providers are increasingly zeroing in on shortening the delivery cycle alongside offering types of assistance, like snap and-collect, to stay away from delivery charges and ensure easy return and exchange.
E-commerce Fulfillment Services Market: Innovations
- Amazon.com, Inc. uses robots in its fulfillment centers to help associates in performing operations and drive faster delivery times.
E-commerce Fulfillment Services Market: Growth Opportunities
With most of e-commerce sales coming from the metropolitan area, and consumers increasingly demanding item delivery in the shortest possible turnaround time, the area of a fulfillment center is of strategic importance to e-commerce companies. Having centers near significant cities that house items, yet in addition perform other fulfillment services like arranging, packaging, labeling, and transporting helps e-commerce companies to deliver items in a shorter turnaround time and win customer's confidence. Hence, fulfillment centers remain a preferred choice for e-commerce companies that require efficient partners for their fulfillment operations.
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E-commerce Fulfillment Services Market: Geography
Asia Pacific dominated the worldwide market and accounted for over 25% of the overall revenue share in 2020. The region is anticipated to continue its dominance over the forecast period because of the increasing internet penetration and development prospect offered by relatively untapped markets in the region (provincial areas and 2-tier cities). What's more, countries, like China, Japan, and South Korea, are among the best 10 exporters of merchandise and record for a large part of worldwide e-commerce sales. In this way, the solid development prospect of the e-commerce industry in the region is the central point supporting regional market development.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.