Press release
Express Delivery Global Market Size, Share Report, Emerging Trends, Key Growth, Challenges and Forecast By 2033 | Deutsche Post AG, PostNord AB, FedEx Corporation, BEST Inc., LaserShip Inc.
Express Delivery Global Market
The Business Research Company offers in-depth market insights through Express Delivery Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The express delivery market size has grown strongly in recent years. It will grow from $304.17 billion in 2023 to $330.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to customer expectations and service standards, supply chain optimization, market competition and service differentiation, last-mile innovations, shift in consumer behavior.
The express delivery market size is expected to see strong growth in the next few years. It will grow to $460 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to continued e-commerce growth, advancements in last-mile delivery solutions, rise in same-day and instant delivery, demand for sustainable practices. Major trends in the forecast period include competitive market landscape, dynamic consumer preferences, globalization and cross-border trade, environmental concern, urbanization and population density.
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Market Segmentation:
The express delivery market covered in this report is segmented -
1) By Service: Online, Offline
2) By Business Model: B2B, B2C, C2C
3) By Destination: Domestic, International
4) By End User: Services, Wholesale And Retail Trade, Manufacturing, Construction, And Utilities, Other End Users
Major Driver - Explosive Growth Of E-Commerce Industry Fuels Surge In Express Delivery Market
The rapid growth of the e-commerce industry is significantly contributing to the growth of the express delivery market. 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 to U.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. Therefore, the rapid growth of the e-commerce industry is expected to propel the growth of the express delivery market going forward.
Competitive Landscape:
Major companies operating in the express delivery market report are Deutsche Post AG, United Parcel Service Inc., FedEx Corporation, United States Postal Service, Shanghai YTO Express Co. Ltd., La Poste Group, SF Holding Co. Ltd., DSV Panalpina A/S, Emirates Post Group, C.H. Robinson Worldwide Inc., Nippon Express Co. Ltd., Geodis SA, Ryder System Inc., GXO Logistics Inc., Bolloré Logistics, ZTO Express Inc., STO Express Co. Ltd., PostNord AB, Americold Realty Trust, BEST Inc., LaserShip Inc., Spee-Dee Delivery Service Inc., Aramex PJSC, Pos Malaysia Berhad, Lone Star Overnight, La Poste SA, CEVA Logistics AG, Kerry Logistics Network Limited, Yamato Holdings Co. Ltd., Empresa Brasileira de Correios e Telégrafos, Posta Kenya, Deutsche Bahn AG
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Top Trend - Innovative Express Grocery Delivery Reshapes Consumer Convenience In The Market
Major companies operating in the express delivery market are focusing on innovative products, such as express grocery delivery, to better meet the needs of their existing consumers. Express grocery delivery is a service that delivers necessary food and home supplies to the consumer's door in a timely and convenient manner when ordered through an online platform. For instance, in February 2022, DoorDash, Inc., a US-based firm that runs an online meal ordering and delivery platform in partnership with Albertsons Companies, Inc., a US-based grocery store company, launched express grocery delivery services. Express grocery delivery is an innovative service that provides customers with a quicker and easier delivery of fresh goods in less than 30 minutes. As part of this launch, customers in more than 20 major cities across the United States, including Denver, Los Angeles, and Seattle, are now able to order express grocery delivery from Albertsons Cos. banner stores such as Vons, Safeway, Jewel-Osco, ACME Markets, and Tom Thumb in less than 30 minutes through the DoorDash marketplace. Albertsons Cos. will provide over 6,000 products for rapid grocery delivery nationwide, including fresh fruit, dairy, and eggs, as well as snacks, packaged foods, and frozen meals.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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