Asia Pacific Express Delivery Market Worth US$ 171,472.25 million by 2027| Says Business Market Insights

Asia Pacific Express Delivery market is expected to grow to US$ 171,472.25 million by 2027 from US$ 104,999.38 million in 2020. The market is estimated to grow at a CAGR of 7.3% from 2020 to 2027.

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Increase in adoption of smartphones and high penetration of Internet across the Asia Pacific is positively influencing the adoption of e-commerce across the worldwide population. This has also influenced businesses to adopt online selling channels to reach a higher customer base. For instance, according to GSMA, the top countries with the highest percentage of smartphone users are China (63.4%), India (31.8%), Indonesia (58.6%), Japan (59.9%), and Vietnam (63.1%). Additionally, the Internet penetration across these countries is influencing the population to adopt online buying. Express delivery is being highly adopted by brands and e-commerce websites to offer better customer service by delivering parcels in less time. Thus, the above-mentioned factors are expected to influence the growth of the express delivery market over the forecast period.

Market Introduction:
APAC is the fastest-growing region in the worldwide express delivery market. The region has a growing economy, which is leading to growth in a wide variety of sectors, including retail and e-commerce, transportation and logistics, automotive, and pharmaceuticals. The adoption of advanced and innovative technologies across the region is high. The deployment of express delivery services has increased in Asian countries due to investments by the governments and various initiatives for the development of the retail and e-commerce industry. Asia is referred to as the world economy's growth engine with countries, such as China, India, Japan, and Singapore. Several manufacturing industries for automotive, pharmaceuticals, and retail sectors have enhanced the acceptance of advanced technologies across these sectors. The continuous development in the economy and rapid digitalization, rise in education awareness, increase in incomes of the middle class, and adequate government support are factors that have ensured a smooth transition of the developing economies from the developing stage towards a developed stage. In APAC, the fastest-growing e-commerce markets are India and China. Consumers in these countries are positively inclined toward online shopping. Owing to rising internet penetration, online shopping trends are transforming several areas of e-commerce in the region. With the right technology and logistics, it is easy to provide online shopping and delivery to customers, even in rural areas. Asia-Pacific is the fastest-growing region globally for the freight and logistics sector. This is due to the increasing growth in the logistics sector in the ASEAN countries and the presence of big economies, such as China. Besides, increasing government support for the region's logistics sector is also a factor boosting growth of the express delivery market.

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Company Profiles:
• Amazon.com, Inc.
• Aramex
• Delhivery Private Limited
• DHL International GmbH
• FedEx Corporation
• SF Express (Group) Co. Ltd
• TNT Holdings B.V.
• United Parcel Service of America, Inc.

Due of a massive number of cases in India, the APAC region is greatly affected by COVID-19, the country also homes the largest population across the world, thereby imposing greater risk to a large number of individuals; it is also a world leader of many global brands. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has also affected other major economies outside China, such as the large India, Australia and Japan, and is experiencing downward inflation. The sudden closedown of all economic activities across all countries in the region has highly I impacted the delivery industry. The closedown of manufacturing sites led to decrease in imports and exports of goods on urgent basis to any country. Additionally, the nationwide lockdown imposed across major economies of the region like Australia, India and China have impacted the ecommerce market apart from the essentials thereby, negatively impacting the express delivery market across the region. However, the healthcare sector across the region have been using the services for ensuring proper supply of drugs and other requirements across hospitals, clinics and home cares. Thus, though the healthcare sector has been using the services during the pandemic, the other industries were unable to utilize the facility thereby, impacting the market negatively during the covid-19 outbreak.

Key Market Segments:
Asia Pacific express delivery market is segmented based on destination, business type, and end users Based on destination, the Asia Pacific express delivery market is segmented into domestic and international. The domestic segment accounted for the highest share in the market in 2019 and international segment is expected to be fastest growing during forecast period. Based on business type, is segmented into B2B and B2C. The B2B segment accounted for the highest share in 2019 and B2C sector is expected to be the fastest growing during forecast period. Based on end-user, the market is segmented into automotive, retail and e-commerce, pharmaceuticals, BFSI, IT and telecom, electronics, and others. The automotive segment accounted for the highest share in 2019 and retail and automotive sector is expected to be the fastest growing during forecast period

Asia Pacific Express Delivery market- By Destination:
1. Domestic
2. International

Asia Pacific Express Delivery market-by End User
• Automotive
• Retail and E-commerce
• Pharmaceuticals
• BFSI
• IT and Telecom
• Electronics
• Others

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