Express Delivery Market : Global Opportunity Analysis and Industry Forecast, 2021-2030

The global express delivery market size was valued at US$ 262.86 billion in 2020 and is projected to reach US$ 484.38 billion by 2030 registering a CAGR of 6.4% from 2021 to 2030. Key drivers of the express delivery market include the growing penetration of the eCommerce industry and increasing B2C deliveries. The rising cross-border trade services will fuel the growth of the express delivery market during the forecast period. Lack of infrastructure and high costs will restrict market expansion. However, last-mile deliveries and technological advancements in delivery operations will create lucrative opportunities for the growth of the market in the coming years.

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Express Delivery Market Trends
Proliferation of eCommerce industry and B2C deliveries

The increasing internet penetration along with rising smartphone usage has led to the development of the eCommerce industry. People are shopping online and the popularity of time-definite delivery services has risen considerably. Moreover, giant eCommerce players are partnering with delivery service providers to build opportunities on the supply and logistics side of delivery systems. Consumers want fast delivery of packages which has enhanced the popularity of B2C last-mile or same-day deliveries. These factors are expected to drive the growth of the express delivery market during the forecast period.

International trade services

Globalization has led to the rise in international trade activities. Consumers are purchasing things online on international websites. The search for foreign brands and products is growing due to wider variety, non-availability in domestic places, and competitive pricing. This has led to a boom in the import and export of goods augmenting the need for express delivery. These factors will surge the growth of the express delivery market in the coming years. Cross-border eCommerce will rise further as people become aware of the benefits of online shopping.

Lack of infrastructure, huge costs, and last-mile delivery, technological advancements

The infrastructure crunch in the form of skilled manpower, traffic congestion, storage, complicated tax systems, and poor IT systems will drag the market growth. However, advanced technologies such as real-time monitoring of deliveries through automation, inventory management, robotic deliveries, use of drones, and 5G enabled self-driving vehicles which have the potential to accelerate last-mile deliveries, etc will create huge opportunities for the growth of the express delivery market in the future. Various industries are benefiting from advanced last-mile delivery solutions such as the food and beverage sector, healthcare, and other sectors.

Express Delivery Market Share Analysis
Based on application, the B2B segment is expected to provide huge opportunities for growth in the express delivery market share during the forecast period.

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Key Market Segments
By Application
B2B
B2C

By End Use
E-commerce platform
Document service
Others

By Destination
Domestics
International

SIMILAR REPORT

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https://reports.valuates.com/market-reports/ALLI-Auto-3T152/logistics

https://reports.valuates.com/market-reports/QYRE-Othe-4Q275/freight-forwarding

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This release was published on openPR.