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With a predicted CAGR of 8.4 percent between 2024 and 2031, the worldwide express delivery industry will go from $262.89 billion in 2023 to $484.48 billion in 2031.
The quickest way to ship goods and products is with express delivery, which uses a combination of land, water, and air transportation. Depending on the distance, the buyer pays an additional shipping fee and the product can be delivered to him anywhere from 24 to 72 hours later. The rates and prices of express shipping are also more expensive than those of other transportation options. Businesses mostly engage in business-to-business (B2B) and business-to-consumer (B2C) transactions while providing express delivery services. This category encompasses a wide range of products and services, from consumer goods to letters, documents, commodities, and other non-palletized objects. In addition to standard delivery services, some couriers provide extras including packaging, labeling, billing, money collecting, and exchanges.
Due to the increasing demand for parcels in the e-commerce and retail sectors, as well as the growing preference of consumers for online shopping, the worldwide express delivery business is expanding rapidly. Due to the millennial generation, strong internet penetration, and increasing smartphone penetration, the e-commerce sector has the potential to flourish. Also contributing to the market's expansion are partnerships between express delivery services and major e-commerce platforms like Amazon and Flipkart, both domestically and abroad, to facilitate faster delivery and more efficient executive last-mile deliveries. The expansion of international trade and the rise in international shipping both contribute to the expansion of the express delivery sector.
Due to reasons including lower prices and higher quality products available in the domestic market, people all over the world choose to shop on international websites. This leads to an increase in cross-border e-commerce transactions, which boosts market growth. Increases in business-to-consumer deliveries, customer preference for expedited shipping, and the number of non-palletized packages all contribute to the expansion of the global market. Nevertheless, the expansion of the worldwide express delivery industry can be hindered by increased operational expenses and an absence of necessary infrastructure. Conversely, the worldwide express delivery market is anticipated to experience expansion throughout the forecast period due to a number of factors, including the fast technological development in delivery services and the introduction of last-mile deliveries accompanied by technological advancements in delivery vehicles. In addition to fueling the expansion of the express delivery industry, the advent of logistics 4.0 is anticipated to provide profitable openings in last-mile delivery services.
Emerging technology adoption and development are at an all-time high in North America, thanks to supportive government policies that encourage innovation and strengthen infrastructure capabilities. It follows that the region's economic growth will be stunted by any effects on industries. The current COVID-19 pandemic has the greatest impact on the United States, making it the worst hit country in the world and continuing to ripple through all regional businesses. With millions of Americans staying indoors due to the COVID-19 pandemic, fewer people are shopping online and fewer of those who do are requesting regional rapid delivery of their purchases. But even during the pandemic's breakout, the healthcare business was using the services of express delivery providers. However, the healthcare industry uses a disproportionately small amount of services compared to other businesses, which is hurting the market growth. Companies in the area are, nevertheless, implementing measures to mitigate the pandemic's financial impact.
When it comes to the economy, the rapid delivery services sector has taken a major hit due to the coronavirus pandemic. International transportation, especially aviation and road traffic, has been subject to stringent regulations. So, during the initial months of COVID-19, shipping was nearly impossible. Furthermore, the operations of rapid delivery firms were further hindered by a lack of shipping crew caused by government limitations during the pandemic. Even if more individuals are buying online because of the pandemic, the number of letters and document parcels has decreased and the number of e-commerce parcels has climbed. There will likely be a favorable impact on express delivery services from the e-commerce and everyday necessities industries both during and after the COVID-19 pandemic. Moreover, the COVID-19 pandemic has led to a surge in the express delivery market for healthcare and FMCG supplies, including medical supplies, gloves, hand sanitizers, vaccines, and food that is about to expire.
Report Coverage
Global Express Delivery research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Express Delivery report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Express Delivery competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Express Delivery market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Express Delivery market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Express Delivery market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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., C.H. ROBINSON WORLDWIDE, INC., S.F. HOLDING CO., LTD., DSV (DSV PANALPINA).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Express Delivery market based on the below-mentioned segments:
Global Express Delivery Market, By Destination
Domestics
International
Global Express Delivery market, By Application
B2B
B2C
Global Express Delivery Market, By End User
E-commerce platform
Document service
Others
Global Express Delivery market, Regional Analysis
The quickest way to ship goods and products is with express delivery, which uses a combination of land, water, and air transportation. Depending on the distance, the buyer pays an additional shipping fee and the product can be delivered to him anywhere from 24 to 72 hours later. The rates and prices of express shipping are also more expensive than those of other transportation options. Businesses mostly engage in business-to-business (B2B) and business-to-consumer (B2C) transactions while providing express delivery services. This category encompasses a wide range of products and services, from consumer goods to letters, documents, commodities, and other non-palletized objects. In addition to standard delivery services, some couriers provide extras including packaging, labeling, billing, money collecting, and exchanges.
Due to the increasing demand for parcels in the e-commerce and retail sectors, as well as the growing preference of consumers for online shopping, the worldwide express delivery business is expanding rapidly. Due to the millennial generation, strong internet penetration, and increasing smartphone penetration, the e-commerce sector has the potential to flourish. Also contributing to the market's expansion are partnerships between express delivery services and major e-commerce platforms like Amazon and Flipkart, both domestically and abroad, to facilitate faster delivery and more efficient executive last-mile deliveries. The expansion of international trade and the rise in international shipping both contribute to the expansion of the express delivery sector.
Due to reasons including lower prices and higher quality products available in the domestic market, people all over the world choose to shop on international websites. This leads to an increase in cross-border e-commerce transactions, which boosts market growth. Increases in business-to-consumer deliveries, customer preference for expedited shipping, and the number of non-palletized packages all contribute to the expansion of the global market. Nevertheless, the expansion of the worldwide express delivery industry can be hindered by increased operational expenses and an absence of necessary infrastructure. Conversely, the worldwide express delivery market is anticipated to experience expansion throughout the forecast period due to a number of factors, including the fast technological development in delivery services and the introduction of last-mile deliveries accompanied by technological advancements in delivery vehicles. In addition to fueling the expansion of the express delivery industry, the advent of logistics 4.0 is anticipated to provide profitable openings in last-mile delivery services.
Emerging technology adoption and development are at an all-time high in North America, thanks to supportive government policies that encourage innovation and strengthen infrastructure capabilities. It follows that the region's economic growth will be stunted by any effects on industries. The current COVID-19 pandemic has the greatest impact on the United States, making it the worst hit country in the world and continuing to ripple through all regional businesses. With millions of Americans staying indoors due to the COVID-19 pandemic, fewer people are shopping online and fewer of those who do are requesting regional rapid delivery of their purchases. But even during the pandemic's breakout, the healthcare business was using the services of express delivery providers. However, the healthcare industry uses a disproportionately small amount of services compared to other businesses, which is hurting the market growth. Companies in the area are, nevertheless, implementing measures to mitigate the pandemic's financial impact.
When it comes to the economy, the rapid delivery services sector has taken a major hit due to the coronavirus pandemic. International transportation, especially aviation and road traffic, has been subject to stringent regulations. So, during the initial months of COVID-19, shipping was nearly impossible. Furthermore, the operations of rapid delivery firms were further hindered by a lack of shipping crew caused by government limitations during the pandemic. Even if more individuals are buying online because of the pandemic, the number of letters and document parcels has decreased and the number of e-commerce parcels has climbed. There will likely be a favorable impact on express delivery services from the e-commerce and everyday necessities industries both during and after the COVID-19 pandemic. Moreover, the COVID-19 pandemic has led to a surge in the express delivery market for healthcare and FMCG supplies, including medical supplies, gloves, hand sanitizers, vaccines, and food that is about to expire.
Report Coverage
Global Express Delivery research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Express Delivery report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Express Delivery competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Express Delivery market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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., C.H. ROBINSON WORLDWIDE, INC., S.F. HOLDING CO., LTD., DSV (DSV PANALPINA). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Express Delivery Market from 2021 to 2031.
- Market Forecast for Express Delivery Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Express Delivery competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Express Delivery
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Express Delivery market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Express Delivery market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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., C.H. ROBINSON WORLDWIDE, INC., S.F. HOLDING CO., LTD., DSV (DSV PANALPINA).
Primary Target Market
- Market Players of Express Delivery
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Express Delivery market based on the below-mentioned segments:
Global Express Delivery Market, By Destination
Domestics
International
Global Express Delivery market, By Application
B2B
B2C
Global Express Delivery Market, By End User
E-commerce platform
Document service
Others
Global Express Delivery market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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