Press release
Express Delivery Market Size To Reach USD 484.38 Billion By 2030 | Valuates Reports
Major factors driving the growth of the express delivery market are:
The developing e-commerce industry coupled with rising B2C deliveries and rapid growth in international trade services fuel the market growth.
The rise in technology developments in delivery services, as well as the emergence of last-mile deliveries with technological advancements in delivery vehicles, are expected to drive the express delivery market.
During the COVID-19 pandemic, there has been a spike in demand for healthcare and FMCG goods such as medical supplies, gloves, sanitizers, immunizations, and perishable food items, which has fueled the growth of the express delivery market.
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TRENDS INFLUENCING THE GROWTH OF EXPRESS DELIVERY MARKET
The developing e-commerce industry coupled with rising B2C deliveries is expected to drive the growth of the express delivery market. Due to the change in consumer preference, strong internet penetration rate, and surge in smartphone penetration rates, the e-commerce business is rapidly expanding. Foreign and local logistics services, particularly express delivery services, are likely to benefit from the e-commerce industry's development. Furthermore, e-commerce giants like Amazon, Flipkart, Alibaba, and others have partnered with express delivery service providers in both domestic and foreign regions to manage last-mile deliveries more efficiently.
Rapid growth in international trade services is expected to increase the express delivery market. The acceptance of international trade and B2C shipments has increased as cross-border trade routes have developed, particularly in emerging economies. In addition, the increase of cross-border e-commerce, combined with fast globalization, is a crucial component in the country's international trade development. People choose to buy things from international websites due to considerations such as product availability in the home market, affordability, and higher quality. As a result of the increase in cross-border e-commerce transactions, the volume of international parcels imported increased, fueling demand for express delivery services in the country.
The emergence of last-mile deliveries with technological advancements in delivery vehicles is expected to increase the express delivery market. One of the significant logistical trends creating attractive potential in the last-mile service market is the introduction of logistics 4.0. Furthermore, drone delivery and self-driving delivery vehicles are projected to open up new possibilities in last-mile delivery transportation. The deployment of delivery autonomous cars is predicted to acquire a significant pace in the future, as they are likely to meet consumer needs for efficient delivery at lower costs.
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EXPRESS DELIVERY MARKET SHARE ANALYSIS
Based on application, the B2B segment is anticipated to exhibit remarkable growth during the forecast period.
Based on end-use, the e-commerce platform segment is the highest contributor to the express delivery market in terms of revenue.
Based on the destination, the international segment is anticipated to exhibit remarkable growth during the forecast period.
Asia-Pacific is the highest revenue contributor, followed by Europe, North America, and LAMEA. Based on forecast analysis, LAMEA is expected to lead the express delivery market growth during the forecast period, owing to the booming e-commerce industry in emerging economies, infrastructural development, and increased adoption of various express delivery services in the region.
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KEY MARKET SEGMENTS
By Application
• B2B
• B2C
By End-Use
• E-commerce platform
• Document service
• Others
By Destination
• Domestics
• International
BY REGION
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
Key Players
• Aramex
• BEST Inc
• DB Schenker
• Deutsche Post AG (DHL GROUP)
• DSV (DSV PANALPINA)
• FedEx
• Geodis
• SF Express
• United Parcel Service, Inc. (UPS)
• YTO Express Group Co.
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