Continued growth in ecommerce around the globe is making warehouse space and transportation more sought-after than ever. Turn to DJ Products for a material handling equipment supplier that can help you maximize productivity in this changing industry.
Booming Ecommerce Raises Demand for Logistics
While the United States is still the major player, the ecommerce boom crosses all international borders. As a result, Transparency Market Research reports that the global ecommerce logistics market is projected to jump from $122.2B in 2014 to $781B in 2024 for an estimated compound annual growth rate (CAGR) of 20.6 percent.
With this massive increase in business comes a heightened expectation of transparency and efficiency in ecommerce logistics providers. Sellers will be looking for more customization in services, including warehousing and transportation. For their part, providers are seeking effective ways to reduce costs.
The Rise of the Asia Pacific Region
The countries in Asia Pacific are home to approximately 60% of the global population, making this region a natural target for expanded ecommerce business. Its growing middle class is another positive factor. This translates to a forecasted CAGR of of 22.4 percent between 2016 and 2024, which is even more robust than the projected global CAGR.
In contrast, the outlook for the ecommerce logistics market in Europe is relatively murky. It’s anticipated that Brexit will cause regulations to become more complex, which in turn will make compliance more difficult.
DJ Products: Your First Choice for a Material Handling Equipment Supplier
Are you looking for ways to reduce costs without sacrificing productivity? Material handling equipment like our best-selling CartCaddyLite provides greater efficiency and safety, allowing employees to get more done with less risk of workplace injuries.
Visit our website to learn more from our helpful sales engineers.