The turnover derived from the provision of storage, transportation, and distribution services linked to online sales operations experienced significant growth again in 2023, reaching €3.35 billion, an 8.1% increase compared to the previous year, according to the Sector Observatory DBK by Informa.
Although of lesser magnitude, there continues to be a significant surge in the value of services associated with e-commerce, further reinforced by the impact on logistics service prices due to the notable increase in costs. The number of online buyers reached 24.8 million in 2023, having increased by nearly 3% annually over the past two years. Thus, 56% of the Spanish population made online purchases.
The report also reveals that the number of companies dedicated to providing logistics and transportation services for e-commerce operations continues to increase, attracted by the significant growth of the business and the emergence of new needs, particularly in the last-mile sphere, despite the cessation of activity by a significant portion of the numerous parcel delivery companies. Furthermore, many of the major operators continued to acquire other companies in the sector, aiming to expand their territorial presence and complement their offerings with the addition of new services.
The high cost of home delivery for recipients, resulting from city congestion and the difficulty of finding them at home, continues to drive the implementation of extensive networks of collection points and automated lockers.
Despite the continued existence of a large number of competitors and the establishment of new small specialized companies, the degree of market concentration is increasing. The top five groups accounted for 45% of the market in 2023, while the combined share of the top ten increased to 63%.
The Sector Observatory DBK by Informa also points out that the logistics market for e-commerce could experience growth of around 5% annually in the period 2024-2025. This trend could result in a value of around €3.7 billion.
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Source: Financial Food