Express Delivery Market Size, Share Report, Analysis, Trends, Growth 2030

Express Delivery Market

Express Delivery Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Technology & Media Report Format : PDF Report Code: ZMR-6604 Status : Upcoming

The global express delivery market is increasing rapidly due to rising e-commerce and retail parcel demand and consumer preference for online shopping.

Description

Global Express Delivery Market: Overview

Express delivery is the fastest form of shipping that involves the delivery of various goods and products through different modes of transport such as air, water, and land. It is a facility for international & domestic mail and is regulated by the postal management of the respective country. Parcel and document express delivery services are provided to a wide range of customers, including retail customers, businesses, and governments. Vendors providing express delivery services deliver shipments only within a certain range of distances. Express delivery allows both consumers and suppliers to keep track of shipments more easily through smart technology and enabled sensors. Express delivery is largely driven by companies increasing investments to deliver goods same-day.

Global Express Delivery Market: Growth Factors

The global express delivery market is growing at a rapid pace owing to the growing demand for a parcel in e-commerce & retail sector along with rising consumer inclination towards online shopping. The e-commerce sector is potentially growing due to the millennial population, high internet penetration rate, and rise in smartphone penetration rates. Further, leading e-commerce market players such as Amazon and Flipkart collaborating with the express delivery service in domestic and international locations for faster delivery and efficiently executive last-mile deliveries is enhancing the market growth. Increase in cross border and increasing focus on international trade development are some of the additional factors that are fueling the market growth of express delivery. People across the globe prefer international websites to buy things owing to factors such as affordability and higher quality products available in the home market resulting in increased cross-border e-commerce transactions which in turn enhances the market growth.

Moreover, factors that are fueling the growth of the global market include a rise in B2C deliveries, rising consumer liking towards rapid delivery of goods, and a surge in delivery of non-palletized parcels. However, higher operative costs and lack of infrastructure may impede the growth of the global express delivery market. On the other hand, rapid technological development in delivery services and the emergence of last-mile deliveries with technical progressions in delivery vehicles are some of the considering factors that are expected to foster the global express delivery market growth in the forecast period. Also, emergence of logistics 4.0 is likely to generate lucrative opportunities in the last-mile delivery services along with driving the growth of the express delivery market.

The current concern over the spread of coronavirus is expected to have a negative impact on the express delivery market. The COVID-19 epidemic has led to a sudden pause in transportation activities across the world, affecting the demand for domestic and international delivery of consumer goods. Stringent government regulations have been imposed on international transport especially on the road and air traffic. As a result, shipping was practically difficult in the year 2020 and it further impacted the operations of express delivery services during the pandemic. The pandemic has led to the decline in letters & document parcels which in turn hampered the express delivery market. However, the spread of COVID-19 increased the demand for healthcare essentials such as hospital supplies, vaccinations, gloves, sanitizers, and other essentials which propelled the growth of the express delivery market during the pandemic.

Global Express Delivery Market: Segmentation

The global express delivery market is categorized based on destination, application, end-use, and region. Based on the destination, the global express delivery market is split into domestics and international. The application segment is segregated into B2C and B2B. The document service, e-commerce platform, and others are the end-user of express delivery.

Global Express Delivery Market: Regional Analysis

Geographically, North America region is projected to hold the largest share in the global express delivery market and is anticipated to continue its domination during the forecast period. The rapidly growing urban population and presence of leading players in this region are propelling the growth of the market. On the other side, Asia Pacific is anticipated to grow at a faster rate and is expected to offer ample opportunities for market growth. Some of the factors that are expanding the growth of the market in this region include the growing e-commerce sector and online retail along with the rising need for express delivery solutions for the optimization of supply chains across various end-user industries.

Global Express Delivery Market: Competitive Players

The global express delivery market is highly fragmented due to the presence of domestic and international key players in the global market. Aramex International LLC, Geodis, DB Schenker, Deutsche Post DHL Group, BEST Inc, Schenker AG, FedEx Corp., SDA Express Courier Spa, YTO Express Group Co., and United Parcel Service Inc. are some of the prominent players that are functioning in the global express delivery market. The key players operating in the express delivery market are focusing on increasing value-added services in domestic, cross-border, and international trades through focusing on effective engagement in customer relationships and advancement in business models.

Global Express Delivery Market: Regional Segments

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global express delivery market is growing at a rapid pace owing to the growing demand for a parcel in e-commerce & retail sector along with rising consumer inclination towards online shopping. Furthermore, rapid technological development in delivery services and the emergence of last-mile deliveries with technical progressions in delivery vehicles are some of the considering factors that are expected to foster the global express delivery market growth in the forecast period.

Aramex International LLC, Geodis, DB Schenker, Deutsche Post DHL Group, BEST Inc, Schenker AG, FedEx Corp., SDA Express Courier Spa, YTO Express Group Co. and United Parcel Service Inc. are some of the prominent players that are functioning in the global express delivery market.

Geographically, North America region is projected to hold the largest share in the global express delivery market and anticipated to continue its domination during the forecast period. Rapidly growing urban population and presence of leading players in this region are propelling the growth of the market.

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