Express Delivery Market: Size, Share, Trends & Forecast (2024-2029)
The market report offers a detailed analysis segmented by Application (B2B, B2C); by Destination (Domestic, International); by End Use (E-Commerce Platform, Document Service, Others); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).
Market Dimensions & Growth Potential
- The express delivery market is estimated to be at USD 351.07 Mn in 2024 and is anticipated to reach USD 495.06 Mn in 2029.
- The express delivery market is registering a CAGR of 7.12% during the forecast period of 2024-2029.
- The surge in online shopping, accelerated by the COVID-19 pandemic, has significantly boosted the demand for express delivery services. Consumers now expect quick and efficient delivery, driving the need for robust last-mile solutions.
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Competitive Landscape & Market Positioning in 2023
- The participants in the global express delivery industry are always developing their strategies to preserve a competitive advantage.
- These companies primarily use acquisitions, R&D, partnerships, and technological launches.
- Several important entities in the express delivery market include FedEx Corp.; Deutsche Post AG (DHL Group); United Parcel Service, Inc.; YTO International Express and Supply Chain Technology Ltd.; SF Holdings Co. Ltd.; and others.
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Report Objectives & Insights
| Attributes | Values |
| Historical Period | 2018-2022 |
| Base Year | 2023 |
| Forecast Period | 2024-2029 |
| Market Size (2024) | USD 351.07 Mn |
| Market Size (2029) | USD 495.06 Mn |
| Growth Rate | 7.12% CAGR from 2024 to 2029 |
| Key Segments | Application (B2B, B2C); Destination (Domestic, International); End Use (E-Commerce Platform, Document Service, Others); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa) |
| Key Vendors | FedEx Corp.; Deutsche Post AG (DHL Group); United Parcel Service, Inc.; YTO International Express and Supply Chain Technology Ltd.; SF Holdings Co. Ltd. |
| Key Countries | The U.S; Canada; Mexico; Brazil; Argentina; Colombia; Chile; China; India; Japan; South Korea; The UK; Germany; Italy; France; Spain; Turkey; UAE; Saudi Arabia; Egypt; South Africa |
| Largest Market | Asia Pacific |
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Market Trends & Future Outlook
- Investments in Advanced Logistic Solutions: The surge in consumer demand for fast and reliable delivery services for online purchases is directing investments in advanced logistics solutions, such as automation, AI, and robotics, to enhance sorting and dispatching processes. For instance, Amazon has been deploying a variety of robots in its warehouses to streamline operations and improve efficiency in sorting and dispatching processes.
- Increasing Environmental Awareness: With the rise of environmental awareness, businesses are adopting eco-friendly practices like utilizing electric delivery vehicles and introducing carbon-neutral shipping methods. This shift not only meets regulatory standards but also aligns with consumer preferences for sustainable options. For instance, in 2020, UPS (United Parcel Service) ordered 10,000 electric vans from Arrival, a UK-based electric vehicle startup, to be deployed in its delivery fleet.
- Technological Advancements: Technological advancements in tracking and transparency are also shaping the market. Real-time tracking and predictive analytics enhance the customer experience by providing precise delivery windows and proactive communication.
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Key Market Influencers & Growth Drivers
- Surge in Online Shopping: The rapid expansion of e-commerce is fueled by increasing consumer demand for convenient and timely delivery of goods purchased online. This surge in online shopping has led to a higher volume of parcels being transported, driving up the demand for express delivery services.
- Cross-border Trade: Globalization has driven an uptick in cross-border trade, escalating the requirement for effective international shipping solutions. Consequently, express delivery companies have broadened their networks to provide extensive global shipping services. For instance, DHL, a logistics company, has been investing in its infrastructure and technology to enhance its international shipping capabilities, offering comprehensive solutions for businesses operating in various industries.
- Strict Regulatory Mandates: Regulatory changes and environmental considerations also play a significant role in shaping the express delivery market. Stricter regulations related to delivery standards, safety, and environmental impact can influence industry operational practices and investment decisions.
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Market Obstacles & Growth Barriers
- Intense Competition: The increasing competition within the industry is driven by the proliferation of both traditional and tech-enabled delivery services. This heightened competition exerts pressure on express delivery companies to differentiate themselves through service quality, innovation, and cost-effectiveness.
- Regulatory Complexities: Regulatory complexities pose a challenge to express delivery firms, particularly concerning international shipments and customs regulations. Navigating these regulations demands significant resources and expertise, adding to operational costs and logistical complexities.
- Difficulties in Last-mile Delivery: The optimization of last-mile delivery is challenged by urban congestion, unpredictable traffic, and personalized delivery demands. During the COVID-19 pandemic, a surge in online shopping intensified these challenges, pressuring e-commerce companies like Amazon to deliver packages efficiently. Achieving cost-effective and reliable last-mile solutions became crucial amidst this increased demand.
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Map Highlighting Key Region in 2023
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Table of Contents
| 1. Introduction |
|---|
| 1.1. Research Methodology |
| 1.2. Scope of the Study |
| 2. Market Overview / Executive Summary |
| 2.1. Global Express Delivery Market (2018 – 2022) |
| 2.2. Global Express Delivery Market (2023 – 2029) |
| 3. Market Segmentation |
| 3.1. Global Express Delivery Market by Application |
| 3.1.1. B2B |
| 3.1.2. B2C |
| 3.2. Global Express Delivery Market by Destination |
| 3.2.1. Domestic |
| 3.2.2. International |
| 3.3. Global Express Delivery Market by End Use |
| 3.3.1. E-Commerce platform |
| 3.3.2. Document Service |
| 3.3.3. Others |
| 4. Regional Segmentation |
| 4.1. North America |
| 4.1.1. The US |
| 4.1.2. Canada |
| 4.1.3. Mexico |
| 4.2. South America |
| 4.2.1. Brazil |
| 4.2.2. Argentina |
| 4.2.3. Colombia |
| 4.2.4. Chile |
| 4.2.5. Rest of South America |
| 4.3. Asia Pacific |
| 4.3.1. China |
| 4.3.2. India |
| 4.3.3. Japan |
| 4.3.4. South Korea |
| 4.3.5. Rest of Asia Pacific |
| 4.4. Europe |
| 4.4.1. The UK |
| 4.4.2. Germany |
| 4.4.3. Italy |
| 4.4.4. France |
| 4.4.5. Spain |
| 4.4.6. Rest of Europe |
| 4.5. The Middle East |
| 4.5.1. Turkey |
| 4.5.2. UAE |
| 4.5.3. Saudi Arabia |
| 4.5.4. Rest of the Middle East |
| 4.6. Africa |
| 4.6.1. Egypt |
| 4.6.2. South Africa |
| 4.6.3. Rest of Africa |
| 5. Value Chain Analysis of the Global Express Delivery Market |
| 6. Porter Five Forces Analysis |
| 6.1. Threats of New Entrants |
| 6.2. Threats of Substitutes |
| 6.3. Bargaining Power of Buyers |
| 6.4. Bargaining Power of Suppliers |
| 6.5. Competition in the Industry |
| 7. Trends, Drivers and Challenges Analysis |
| 7.1. Market Trends |
| 7.1.1. Market Trend 1 |
| 7.1.2. Market Trend 2 |
| 7.1.3. Market Trend 3 |
| 7.2. Market Drivers |
| 7.2.1. Market Driver 1 |
| 7.2.2. Market Driver 2 |
| 7.2.3. Market Driver 3 |
| 7.3. Market Challenges |
| 7.3.1. Market Challenge 1 |
| 7.3.2. Market Challenge 2 |
| 7.3.3. Market Challenge 3 |
| 8. Opportunities Analysis |
| 8.1. Market Opportunity 1 |
| 8.2. Market Opportunity 2 |
| 8.3. Market Opportunity 3 |
| 9. Competitive Landscape |
| 9.1. FedEx Corp. |
| 9.2. Deutsche Post AG (DHL Group) |
| 9.3. United Parcel Service, Inc. |
| 9.4. YTO International Express and Supply Chain Technology Ltd. |
| 9.5. SF Holdings Co |
| 9.6. Company 6 |
| 9.7. Company 7 |
| 9.8. Company 8 |
| 9.9. Company 9 |
| 9.10. Company 10 |
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Express Delivery Market – FAQs
What is the current size of the express delivery market?
In 2024, the express delivery market size is $351.07 Mn.
Who are the major vendors in the express delivery market?
The major vendors in the express delivery market are FedEx Corp.; Deutsche Post AG (DHL Group); United Parcel Service, Inc.; YTO International Express and Supply Chain Technology Ltd.; SF Holdings Co. Ltd.
Which segments are covered under the express delivery market segments analysis?
The express delivery market report offers in-depth insights into Application, Destination, End Use, and Geography.