Parcel Delivery Market to reach USD 630.22 Bn by 2029, Technological Advancements and Growth Opportunities

Pune 09, May 2023: The global Parcel Delivery Market was valued at USD 453.47 Bn. in 2021, with the B2B segment dominating the market, according to a report by MMR. The market is expected to reach USD 630.22 Bn, at a CAGR of approximately 4.2 percent during the forecast period, driven by the increased internet penetration and the rise of the e-commerce industry.

Parcel Delivery Market Report Scope and Research Methodology

The report's scope covers the technological improvement trends in the parcel delivery market, with the first wave of technology projected to alter last-mile delivery, including electric vehicles (EVs) and the rising availability of unattended delivery technologies. Large, semi-autonomous delivery vehicles that follow parcel-delivery employees are predicted to be the next trend followed by parcel-delivery companies in three to five years.

The report is based on extensive research methodology and provides valuable insights into the market's dynamics. The capital-intensive nature of sorting and full-scale logistics networks, the almost-mandatory nationwide service offer, significant economies of scale, and the required access to the customer are immense barriers to entry for new players and will help traditional players hold on to dominance in the core. However, several extremely large retailers may join traditional last-mile delivery (that is, deferred delivery) in certain high-density locations to obtain control of the consumer touchpoint and to build synergies with their same-day networks.

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Parcel Delivery Market Dynamics

The report provides insights into the drivers and restraints of the market. One of the primary drivers of the parcel delivery industry is the rising e-commerce sector, as well as the growing cross-border trade. The acceptance of international trade and B2C shipments has increased as cross-border trade routes have developed, particularly in emerging economies. The report further highlights that technological improvements, such as the use of digital technology with crowd-sourced delivery models, are also boosting the market's prospects. These technologies help service providers improve their overall operating efficiency and efficiently meet the needs of their clients.

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Parcel Delivery Market Regional Insights

The report also provides regional insights, noting that with half of Asia-Pacific internet buyers making cross-border transactions, merchants are focusing their efforts on gaining a thorough understanding of procedures such as duty collection, customs clearance, and other minefields. Autonomous delivery vehicles (ADVs) will be the dominating technology in last-mile delivery in the medium future, having the ability to both save time and money for customers.

Parcel Delivery Market Segmentation

By Business:

• B2B (Business-to-Business)
• B2C (Business-to-Consumer)

By Destination:

• Domestic
• International

By End User:

• Services (BFSI (Banking, Financial Services and Insurance))
• Wholesale and Retail Trade (E-commerce)
• Manufacturing, Construction, and Utilities
• Primary Industries (Agriculture, and Other Natural Resources)

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Parcel Delivery Market Key Competitors include:

• Bell and Howell
• Cleveron Ltd.
• TZ Ltd., LLC
• KEBA AG
• ENGY Company
• Neopost Group
• ByBox Holdings Ltd.
• InPost
• Smartbox Ecommerce Solutions Pvt. Ltd.
• Amazon.com, Inc.
• Deutsche Post DHL Group
• United Parcel Service Inc.
• FedEx Corporation
• Aramex PJSC
• SF Express (Group) Co. Ltd

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Table of Content for Parcel Delivery Market

Global Parcel Delivery Market: Research Methodology

Global Parcel Delivery Market: Executive Summary

Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global Parcel Delivery Market: Competitive Analysis

MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global Parcel Delivery Market Segmentation

Global Market, by Business (2021-2029)
Global Market, by Destination (2021-2029)
Global Market, by End User (2021-2029)

Regional Parcel Delivery Market (2021-2029)

Regional Market, by Business (2021-2029)
Regional Market, by Destination (2021-2029)
Regional Market, by End User (2021-2029)
Regional Market, by Country (2021-2029)

Company Profile: Key players

Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Business, Destination and End User
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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