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Navigating the Express Delivery Market: A Comprehensive Research Report Providing In-Depth Analysis of Current Trends and Future Prospects || Aramex, BEST Inc., DB Schenker, DSV A/S, FedEx, Geodis, Guangdong S.F. E-commerce Co. Ltd
Express Delivery Market
The Business Research Company's Express Delivery Global Market Report 2023 the rapid growth of the e-commerce industry is the major driver for the express delivery market's growth in the forecast period. E-commerce is described as the online sale and purchase of goods and services. Express delivery in e-commerce helps to increase both the quality and the speed with which things are delivered. For instance, according to the India Brand Equity Foundation, by 2024, India's e-commerce business is predicted to be worth USD 111 billion, and by 2026, it will be worth USD 200 billion. In addition, according toU.S. Department of Commerce, e-commerce sales in the U.S. jumped to$265.9 billion in the third quarter 2022, which as in increase of 9.1% from third quarter 2021.
The global express delivery market size grew from $277.04 billion in 2022 to $303.84 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The express delivery market size is expected to grow to $401.11 billion in 2027 at a CAGR of 7.2%.
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Major competitors in the express delivery market are Aramex, BEST Inc., DB Schenker, DSV A/S, FedEx, Geodis, Guangdong S.F. E-commerce Co. Ltd., United Parcel Service of America Inc., Shanghai YTO Express (Logistics) Co. Ltd.
A key trend in the express delivery market includes technological advancements. Major companies operating in express delivery are focused on adopting advanced technologies to strengthen their position in the market. For instance, in April 2022, EyeMyEye, an Indian Eyewear business, launched a new express delivery service for prescription eyeglass and UV protected sunglasses.
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The express delivery market is segmented -
• By Service: Online, Offline
• By Business Model: B2B, B2C, C2C
• By Destination: Domestic, International
• By End User: Services, Wholesale And Retail Trade, Manufacturing, Construction, And Utilities, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the express delivery market.
The Business Research Company's "Global Express Delivery Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Express Delivery Market Include:
1. Executive Summary
2. Express Delivery Market Characteristics
3. Express Delivery Market Trends And Strategies
4. Express Delivery Market - Macro Economic Scenario
5. Express Delivery Market Size And Growth
……………
27. Express Delivery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Express Delivery Market
29. Express Delivery Market Future Outlook And Potential Analysis
30. Appendix
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