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Express Delivery Market (Application - B2B, and B2C; End Use - E-commerce Platform, Document Service, and Others; Destination - Domestics, and International): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : September, 2021

  • Rep Id : CGP00149

  • Category : Consumer Goods and Packaging

  • Status : Published

A recent report published by Infinium Global Research on the express delivery market provides an in-depth analysis of segments and sub-segments in the global as well as regional express delivery market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional express delivery market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global express delivery market. According to the report, the global express delivery market is projected to grow at a CAGR of 6.02% over the forecast period of 2021-2027.

 

Market Insight

The global express delivery market is expected to grow from USD 261.60 billion in 2021 to USD 345.81 billion by 2027, at a CAGR of 6.02% during the forecast period The express industry is a fast-growing sector, outpacing world GDP as the industry serves the increasing need for rapid, guaranteed delivery across an increasingly global market. The express delivery market contributes to the companies’ success in international trade. Moreover, it helps to facilitate foreign direct investment in countries, overcoming weaknesses in their transport infrastructures and allowing efficient networking with multinationals’ operations in other parts of the world. The business of the express delivery industry is the provision of value-added, door-to-door transport and deliveries of next-day or time-definite shipments, including documents, parcels, and merchandise goods. This sector witness high growth due to off-shoring/outsourcing, demand for value-added logistics.

 

During the COVID-19 pandemic, there has been a growth in demand for healthcare and FMCG goods such as medical supplies, gloves, sanitizers, immunizations, and perishable food items, which has fueled the growth of the express delivery market. The growing adoption of smartphones and high penetration of the Internet across the world is driving the adoption of e-commerce across the global population. This has provided a significant growth opportunity for businesses to adopt online selling channels to reach a higher customer base. Furthermore, the rapid urbanization and rise in disposable income of consumers are driving the e-commerce industry. The inclination toward online services owing to the rise in usage of smartphone devices has resulted in the growth of trade through online portals. This is driving the global express delivery industry. Moreover, companies are investing significantly in express delivery services. This will provide a significant growth opportunity for the market. Express delivery services evolved from solely delivering parcels and documents, which were high-value low-weight items, to now also providing delivery services for specialized items such as high-tech products and general airfreight commodities. Express vendors are increasingly providing more value-added services to customers to enhance the delivery process. The regular users of express delivery services in the global context are mainly knowledge-based and high-tech industries like financial services, automotive, IT, telecom, pharmaceuticals, etc. However, recent times have witnessed the emergence of e-commerce as large customers of the express industry. Urbanization and increased disposable income have led to rapid growth in the e-commerce industry. The increase in trade on online portals has driven the growth of the global express industry. However, this growth is also expected to put pricing pressure on logistics players as e-retailers continue to search for ways to reduce their logistics expenses as volumes pick up, thereby increasing focus on leveraging the benefits on economies of scale.

 

North America holds the largest market shares in the express delivery market. The growing online food and medicine delivery is driving the demand for express delivery in the region. Furthermore, the rising urban population, lack of domestic assistance, and busy lifestyles are constantly demanding the express food and medicine delivery option in the region. Moreover, the high living standards of individuals continue to spur the demand for express online food and medicine delivery services in the region. The Asia-Pacific domestic and international markets for express services have significant scope for further expansion as companies increasingly adopt best international business practices with regard to time-definite, guaranteed delivery.

 

Segment Covered

The report on the global express delivery market covers segments such as application, end use, and destination. On the basis of application, the sub-markets include B2B and B2C. On the basis of end use, the sub-markets include e-commerce platform, document service, and others. On the basis of destination, the sub-markets include domestics, and international.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Aramex International Llc, Aftership Ltd, Fedex Corporation, DHL International Gmbh, United Parcel Service of America, Inc, Koninklijke Postnl, Tnt Holdings B.V, Schenker AG, Express Mail Service, and YTO Express Group Co.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the express delivery market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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