Express Delivery Market to Outstrip $3,78,233.7 Million by 2027 Growing Sturdy at 6.3% CAGR - COVID-19 Impact and Global Analysis by TheInsightPartners.com

Several vendors present in North America are increasingly focusing on providing distinct types of services, such as packaging, product grading, assortment, online parcel tracking, email alerts, mobile applications, and SMS alerts. Furthermore, the adoption of software-as-a-service (SaaS) is more prevalent in BFSI, logistics and transportation, electronics, retail, and E-commerce sectors of North America than other verticals.

The region is moving to adopt advanced technologies to digitalize every vertical industry present in the region, and thus, boosting the adoption of cloud services from SaaS. The constant growth in North America's online food and medicine delivery market is further driving the demand for express delivery. Rising urban population, lack of domestic assistance and busy lifestyles are constantly demanding the express food and medicine delivery option in the region. High living standards of individuals continue to spur the demand for express online food and medicine delivery services in the region. All the factors mentioned above are expected to contribute to market growth during the forecast period. The market is expected to witness a slight decline in growth over the next few years, due to the negative impact of COVID-19. However, it is expected to rise again at a healthy pace after the COVID-19 pandemic is over.

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://www.theinsightpartners.com/sample/TIPRE00006798/

Companies Profiled in this report includes: AFTERSHIP LTD, ARAMEX INTERNATIONAL LLC, DHL INTERNATIONAL GMBH, FEDEX CORPORATION, KONINKLIJKE POSTNL

POSTE ITALIANE., SF EXPRESS (GROUP) CO. LTD., TNT HOLDINGS B.V, UNITED PARCEL SERVICE OF AMERICA, INC., USPS

Impact of COVID-19 Pandemic on Express delivery Market

With favorable government policies to boost innovation and reinforce infrastructure capabilities, North America has the highest acceptance and development rate of emerging technologies. Any impact on industries is therefore projected to have a negative influence on the region's economic development. Currently, due to the COVID-19 outbreak, the US is the world's worst affected country, thus affecting the business still across all the industries present in the region. Millions of Americans sit at home in the midst of the COVID-19 crisis thereby reducing the rate of online shopping and their demand for express delivery of the purchased item across the region. However, the healthcare industry has being utilizing the services of the express delivery companies even during the outbreak of the pandemic. But the share of services utilized by other industries stands more compared to the healthcare sector, thereby impacting the market growth negatively. However, the companies across the region are taking necessary steps to reduce the impact of losses incurred during the pandemic.

Have a 15-minute-long discussion with the lead analyst and author of the report in a time slot decided by you. You will be briefed about the contents of the report and queries regarding the scope of the document will be addressed as well - https://www.theinsightpartners.com/speak-to-analyst/TIPRE00006798

Key Findings of the Study

Increase in adoption of smartphones and high penetration of Internet across the globe is positively influencing the adoption of e-commerce across the global 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%), the US (81.6%), Indonesia (58.6%), Brazil (51.4%), Russia (68.5%), Japan (59.9%), Mexico (54.4%), Germany (77.9%), 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.

Express delivery Market Segmentation:

By Destination

Domestic

International

By Business Type

B2B

B2C

Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods - https://www.theinsightpartners.com/buy/TIPRE00006798/

 

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.