Parcel Delivery Market Projected to Grow to USD 648.84 Billion by 2030, with a CAGR of 4.2% from 2024

Anticipated Growth in Revenue:

Parcel Delivery Market size was valued at US$ 486.47 Billion in 2023 and the total Parcel Delivery Market revenue is expected to grow at 4.2% through 2024 to 2030, reaching nearly US$ 648.84 Billion.

Parcel Delivery Market Overview:

Products or objects wrapped in paper, sealed in an envelope, or placed in a box are referred to as packages, and parcel delivery refers to the process of conveying a parcel to a certain location by road, rail, or air. Increased internet penetration and the rise of the e-commerce industry have fuelled the parcel delivery market. As internet penetration and client purchasing patterns change, the worldwide parcel delivery industry is predicted to increase at a CAGR of over 4.2% over the forecast period.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰:https://www.stellarmr.com/report/Parcel-Delivery-Market/393

What are Parcel Delivery Market Dynamics?

The burgeoning e-commerce sector, as well as cross-border trade, are two major factors driving the growth of the parcel delivery industry. As cross-border trade routes have emerged, especially in emerging economies, acceptance of international trade and B2C exports has grown. Furthermore, rising consumer demand for online purchases through various e-commerce platforms is propelling market expansion. E-commerce companies cooperate with courier service providers to distribute their products across national and international borders.

Merchants are focusing their efforts on getting a complete understanding of procedures such as duty collection, customs clearance, and other minefields, with half of Asia-Pacific internet buyers conducting cross-border purchases. Customers' expectations of what they can get are rising, and technology is allowing them to have more choices about how those products are delivered. Customers are getting more demanding, but they are also becoming more cost conscious, according to past studies, with a low willingness to pay for enhanced convenience. In the medium term, autonomous delivery vehicles (ADVs) will be the dominant technology in last-mile delivery, allowing customers to save both time and money.

𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 + 𝐆𝐫𝐚𝐩𝐡𝐬 𝐇𝐞𝐫𝐞:https://www.stellarmr.com/report/req_sample/Parcel-Delivery-Market/393

What is Parcel Delivery Market Regional Insight?

Consumers are ordering more online due to e-commerce expansion and the COVID-19 epidemic, which is fuelling the parcel delivery sector. This resulted in a 37 percent increase in volume, with 20 billion parcels carried in the United States, and a 29 percent increase in income, reaching $171 billion in 2020.



During the forecast period, Asia Pacific is expected to have the greatest CAGR. Furthermore, the APAC area's growth is being fueled by expanding E commerce penetration and commercial advances in the region. Aside from that, improving living standards and disposable income in India, Japan, China, and ASEAN countries are driving the region's economic trend. Furthermore, with leading market players establishing bases in the APAC region in the hopes of future benefits, the industry is likely to grow at a rapid pace. Due to expanding E commerce in the Chinese region and China's booming industrial sector, China leads the APAC region with the biggest market share of 50%.

What is Parcel Delivery Market Segmentation?

by Destination

International
Domestic
by Business

B2B
B2C
by End User

Wholesale and Retail Trade (E-commerce)
Manufacturing, Construction, and Utilities
Primary Industries (Agriculture, and Other Natural Resources)
Services (BFSI (Banking, Financial Services and Insurance))

𝐅𝐑𝐄𝐄 𝐆𝐞𝐭 𝐚 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰! https://www.stellarmr.com/report/req_sample/Parcel-Delivery-Market/393

Some of the current players in the Parcel Delivery Market are:

Smartbox Ecommerce Solutions Pvt. Ltd. (India)
Amazon.com, Inc. (USA)
Deutsche Post DHL Group (Germany)
United Parcel Service Inc. (USA)
FedEx Corporation (USA)
Aramex PJSC (UAE)
SF Express (Group) Co. Ltd (China)
Bell and Howell (USA)
Cleveron Ltd. (Estonia)
TZ Ltd., LLC

Key Offerings:

Past Market Size and Competitive Landscape
Parcel Delivery Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Parcel Delivery Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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