Canada Retail Logistics Market Size & Outlook, 2023-2030
Canada retail logistics market, 2018-2030 (US$M)
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Canada retail logistics market highlights
- The Canada retail logistics market generated a revenue of USD 11,832.3 million in 2023 and is expected to reach USD 26,449.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 12.2% from 2024 to 2030.
- In terms of segment, roadways was the largest revenue generating mode of transport in 2023.
- Airways is the most lucrative mode of transport segment registering the fastest growth during the forecast period.
Retail logistics market data book summary
| Market revenue in 2023 | USD 11,832.3 million |
| Market revenue in 2030 | USD 26,449.2 million |
| Growth rate | 12.2% (CAGR from 2023 to 2030) |
| Largest segment | Roadways |
| Fastest growing segment | Airways |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Railways, Airways, Roadways, Waterways |
| Key market players worldwide | XPO Inc, DSV AS, Kuehne + Nagel International AG, C.H. Robinson Worldwide Inc, Nippon Express Holdings Inc, FedEx Corp, Schneider Electric SE, United Parcel Service Inc Class B, DHL Group, A. P. Moller Maersk A/S Class B, Associate Global Partners Ltd |
Other key industry trends
- In terms of revenue, Canada accounted for 4.2% of the global retail logistics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. retail logistics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 26,449.2 million by 2030.
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Retail Logistics Market Scope
Retail Logistics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada retail logistics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to retail logistics market will help companies and investors design strategic landscapes.
Roadways was the largest segment with a revenue share of 50.46% in 2023. Horizon Databook has segmented the Canada retail logistics market based on railways, airways, roadways, waterways covering the revenue growth of each sub-segment from 2018 to 2030.
The retail logistics market in Canada has experienced robust growth in recent years owing to various factors. The expansion of ecommerce has attracted Canadian consumers toward online shopping, which has propelled the demand for efficient and reliable logistics solutions.
The COVID-19 pandemic has accelerated the digital transformation of the retail sector, prompting logistics providers to offer innovative solutions to meet the surging in demand for last-mile delivery services. As reported by Statistics Canada, in December 2020, ecommerce retail trade sales in Canada reached a record-breaking high of USD 3.82 billion.
This surpassed the previous peak of USD 3.2 billion recorded in May 2020, which was attributed to the lockdown measures implemented during the COVID-19 pandemic. The consumer shift toward online shopping has become a driving force, necessitating advancements in technology and supply chain optimization.
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Our clientele includes a mix of retail logistics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada retail logistics market , including forecasts for subscribers. This country databook contains high-level insights into Canada retail logistics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada retail logistics market size, by mode of transport, 2018-2030 (US$M)
Canada Retail Logistics Market Outlook Share, 2023 & 2030 (US$M)
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