Press release
Express Delivery Market is anticipated to reach US$ 495.8 billion , at a CAGR of 5.9% during the forecast period 2021-2031 | Ecom Express Limited, Express Delivery Services, FedEx Corporation, S.F. Express Co., Ltd
Express Delivery Market
Express delivery is the fastest form of shipping that involves the delivery of various goods and products through different mediums, such as air, water, and land. The customer pays an extra shipping cost for this type of delivery, as the shipment will get transported to him anywhere between 24 to 72 hours, depending on the distance of the shipment. In express shipping, the price and rates are also higher when compared with other forms of transportation. Further, express delivery services significantly operate on the business-to-business (B2B) and business-to-customer (B2C) models.
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Market Drivers and Trends
Developing cross-border trade channels, especially in emerging nations, has enhanced international trade and B2C shipment adoption. Also, the growth of cross-border e-commerce coupled with rapid globalization is the key factor for developing international trade in the country. Attributed to factors such as unavailability of products in the domestic market, affordability, and better quality, people prefer to buy things from international websites. Therefore, growth in cross-border e-commerce sales led to an increase in the import volume of international parcels, which fuels the demand for express delivery services in the country. In addition, the development of the overseas market is a significant factor that fuels the market's growth. Hence, express delivery services are gaining significance as the global economy becomes increasingly integrated, owing to rapid growth in international trade services. This factor drives the growth of the global express delivery market.
Market Restraints and Challenges
Infrastructure availability and quality are key components in determining the express delivery environment of a country. It can be observed that in terms of infrastructure, express delivery services suffer from limited capacity and capability. These include significant inefficiencies in transport, poor condition of storage infrastructure, complex tax structure, low rate of technology adoption, and poor skills of delivery professionals. Poor road transportation infrastructure is one of the key issues affecting the express delivery market. Also, metropolis traffic congestion is a major issue in the population concentrated in urban areas for express deliveries in the domestic market. In addition, airfreight transport is very important for express delivery of items, especially for international parcel deliveries that are time bound. Thus, lack of adequate airfreight may delay delivery.
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Global Express Delivery Market Segmentation
By Destination
• Domestic
• International
By Business Type
• B2B
• B2C
Major Players in the Global Express Delivery Market
The key players studied in the global express delivery market are AsstrA-Associated Traffic AG (Switzerland), Courier Express (US), Delhivery Limited (India), Deutsche Post DHL Group (Germany), DTDC Express Limited (India), Ecom Express Limited (India), Express Delivery Services (India), FedEx Corporation (US), S.F. Express Co., Ltd. (China), and TCI Express Limited (India).
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Reasons to buy Express Delivery Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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