Future Cities
Global E-commerce Outlook 2022 Update
What is driving e-commerce growth in different markets?
June 7, 2022 2 Minute Read
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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
-
48 MARKETS
were analyzed. -
28 FACTORS DRIVING E-COMMERCE
were explored. -
SIX KEY DRIVERS WERE IDENTIFIED
that better explain e-commerce levels. -
AN INDEX WAS CREATED
to measure the strength of these drivers in different markets. -
A FORECAST WAS PRODUCED
for e-commerce penetration rates per market and additional logistics space required.
Updates since previous version
-
ENHANCED OUR MODEL ACCURACY
with new data series on digital payments. -
EXPANDED THE NUMBER OF MARKETS
we analyzed. -
TOOK INTO ACCOUNT THE IMPACT OF EASING COVID RESRICTIONS
e-commerce penetration rates in certain markets. -
OVERLAID LOGISTICS SPACE SUPPLY METRICS
to identify supply-constrained markets.
Research Contacts
Business Contacts
Jack Cox
Managing Director, Head of European Industrial & Logistics Capital Markets
