Future Cities

Global E-commerce Outlook 2022 Update

What is driving e-commerce growth in different markets?

07 Jun 2022 2 Minute Read

global-ecommerce-outlook-2022-report

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E-commerce is driving robust industrial & logistics property demand. CBRE Global Research has conducted an analysis of e-commerce’s future growth and its impact on 48 global industrial & logistics markets.

Key Takeaways:

  • E-commerce has rapidly grown over the past five years.
  • Internet sales surged in most markets in 2020 and 2021 due to the COVID pandemic, though have since moderated.
  • Certain key factors, including demography, internet usage, culture and infrastructure, are driving e commerce growth.
  • E-commerce penetration will grow further as the presence of e-commerce drivers gradually increases.
  • As much as 200 million sq. m. of additional e commerce-dedicated logistics space will be required globally over the next five years to support the growth of internet sales.
  • Low-vacancy markets with little available land for new development will need to consider adaptive reuse of other property types or increase the operational capacity of existing supply.

Analysis profile

  1. 48 MARKETS

    were analyzed.
  2. 28 FACTORS DRIVING E-COMMERCE

    were explored.
  3. SIX KEY DRIVERS WERE IDENTIFIED

    that better explain e-commerce levels.
  4. AN INDEX WAS CREATED

    to measure the strength of these drivers in different markets.
  5. A FORECAST WAS PRODUCED

    for e-commerce penetration rates per market and additional logistics space required.

Updates since previous version

  1. ENHANCED OUR MODEL ACCURACY

    with new data series on digital payments.
  2. EXPANDED THE NUMBER OF MARKETS

    we analyzed.
  3. TOOK INTO ACCOUNT THE IMPACT OF EASING COVID RESRICTIONS

    e-commerce penetration rates in certain markets.
  4. OVERLAID LOGISTICS SPACE SUPPLY METRICS

    to identify supply-constrained markets.