Express Delivery Market size was estimated at $262.86 billion in 2021 and is expected to reach $484.38 billion by 2031, growing at a CAGR of 6.4% during the forecast period of 2022 to 2032.
Express Delivery Market
Express delivery is the fastest delivery method. The express delivery services providers charge extra shipping costs for this type of delivery and ensure to transport the parcel anywhere within 24 to 72 hours. Express delivery is also known as expedited shipping. It is generally done by use of air couriers, and provisions are made to ensure that the orders are delivered on time. The express delivery services providers include the postal system, express mail, private couriers companies, and truckload shipping carriers. Express delivery services are rendered to a wide array of customers like retail consumers, businesses, and governments. Moreover, with the help of tracking systems, customers and suppliers can easily track the shipments through smart devices such as mobiles, laptops, or tablets.
Express Delivery Market Growth and Trend
The growing demand for delivery services in the e-commerce industry and retail sector is significantly driving the growth of the global express delivery market. Moreover, the rising inclination of the consumers towards online shopping along with advancement in network technology further propels the demand for express delivery services. Even prominent players in the e-commerce industry like Amazon and Flipkart are collaborating with express delivery service providers for faster and safer delivery of orders worldwide. In addition, the growing focus of suppliers on cross-border and international trade is the other key factors driving the growth of the market vigorously. However, high operation costs and a lack of infrastructure to support rapid delivery may limit the express delivery market globally in the years ahead. On the other hand, technological advancements in delivery services have created an online distribution network and offer an improved experience which in turn propels the rate of revenue generation in the express delivery market.
The emergence of the Covid-19 pandemic harmed the express delivery market. The negative impact on the express delivery market is due to the disruption of transportation activities across the world due to lockdown. Shipping was difficult in the year 2020 due to the strict restriction of international transport especially. However, the increased demand for healthcare essentials has supported the market to a large extent.
Express Delivery Market Segmentation
The global express delivery market is segmented based on the destination, application, and end-user. By destination, the market is divided into domestic and international. The international destination segment is expected to witness rapid growth over the forecast period due to flourishing international trade. Based on application, the global express delivery market is divided into B2B (Business to Business) and B2C (Business to Consumer). The B2C segment is projected to hold the largest share in the express delivery market. The segmental growth can be attributed to the rising inclination of people toward online shopping. Based on end-user, the market is segregated into document service, e-commerce platform, and others. The e-commerce platform segment holds a significant share in the express delivery market as the prominent companies in the e-commerce industry are opting for express delivery to ensure the timely and safe delivery of orders worldwide.
Express Delivery Market Country Analysis
North America is anticipated to remain the leading region over the forecast period. The regional growth can be attributed to the growing urban population and massive investment in the express delivery market by the leading e-commerce company in the region. However, Asia Pacific is the second-largest shareholder in the express delivery market due to the growing e-commerce sector and online retail market. Moreover, the escalating need to optimize the supply chain across various end-users is also expected to push market growth in the region.
Express Delivery Market Share and Competition
The leading companies in the global express delivery market are 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.
Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2032)
• Data breakdown for every market segment (2022 – 2032)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Destination Type Analysis (Revenue, USD Million, 2022 - 2032)
• Domestic
• International
Application Analysis (Revenue, USD Million, 2022 - 2032)
• B2B (Business to Business)
• B2C (Business to Consumer)
End-Users Analysis (Revenue, USD Million, 2022 - 2032)
• Document Service
• E-Commerce Platform
• Others
Region Analysis (Revenue, USD Million, 2022 – 2032)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Express Delivery Market Companies
• Aramex International LLC
• Geodis
• DB Schenker
• Deutsche Post DHL Group
• BEST Inc
• Schenker AG
• FedEx Corp.
• SDA Express Courier Spa
• YTO Express Group Co.
• United Parcel Service Inc.
Available Versions:-
• United States Express Delivery Industry Research Report
• Europe Express Delivery Industry Research Report
• Asia Pacific Express Delivery Industry Research Report
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