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E-commerce Growth Driving Parcel Delivery Market Expansion Driver: Leading Transformation in the Parcel Delivery Market in 2025
Parcel Delivery Market Growth
In recent times, there has been a substantial expansion in the parcel delivery market. Its size is projected to escalate from $474.15 billion in 2024 to an incredible $502.57 billion in 2025, representing a compound annual growth rate (CAGR) of 6.0%. This increase during the historical phase can be traced back to factors such as the surge in e-commerce activities, elevated customer anticipation, alterations in regulatory policies, and developments in last-mile logistics.
The size of the parcel delivery market is projected to experience significant expansion in the coming years, escalating to a worth of $625.72 billion by 2029 with a compound yearly growth rate (CAGR) of 5.6%. This forthcoming growth is credited to advancements in last-mile innovation, efforts toward sustainability, the rise of on-demand delivery, increase in cross-border e-commerce, and changes in regulation. The forecast period is expected to experience major trends such as real-time tracking, urban micro warehousing, strategies involving multiple carriers, dynamic pricing in delivery, and personalized delivery encounters.
What Is Contributing to the Growth of the Parcel Delivery Market?
The accelerated growth of electronic commerce is projected to spur the parcel delivery market's evolution. E-commerce encompasses the practice of purchasing and trading products or services via the Internet or other digital platforms. The worldwide escalation in e-commerce use is a result of tech advances, altering consumer patterns, and progressing business methodologies. Parcel delivery services play a crucial role in e-commerce, facilitating effective order execution, broadening market influence and delivering superior shopping experiences that stimulate growth and success. For example, data from the United States Census Bureau, a government organization from the US, revealed that e-commerce sales in the States soared to a shocking $1,118.7 billion in 2023, a 7.6% increase from 2022. As a result, the quick proliferation of e-commerce is propelling the development of the parcel delivery market.
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Which Leading Companies Are Shaping the Growth of the Parcel Delivery Market?
Major companies operating in the parcel delivery market are Amazon.com Inc., United Parcel Service Inc., Deutsche Post AG, FedEx Corporation, Japan Post Holdings Co. Ltd., SF Holding Co. Ltd., La Poste, Emirates Post Group Company, Poste Italiane S.p.A., DPDgroup, Hermes Europe GmbH, International Distributions Services Plc, Canada Post Corporation, Toll Group Pty Ltd., Purolator Inc., General Logistics Systems B.V., PostNL N.V., Sociedad Estatal de Correos y Telégrafos S.A., PostNord AB, Singapore Post Limited, Aramex International LLC, Omniva AS, Shadowfax Technologies Pvt. Ltd., Blue Dart Express Limited, Swiss Post Ltd
What Are the Major Trends Shaping the Parcel Delivery Market?
The parcel delivery market has witnessed a significant shift as key players concentrate on the launch of innovative delivery techniques, including sustainable parcel delivery solutions, to cater to increasing customer requests for faster and more environment-friendly delivery alternatives. The sustainable parcel delivery solutions, which lay emphasis on sustainability and cut down on the carbon footprint by employing electric vehicles, improving delivery routes, and bundling consignments, are on the rise. In an instance from September 2022, GoBolt, a Canada-based tech-oriented logistics and delivery service provider, extended their sustainable parcel delivery features to facilitate same-day and next-day deliveries of both small and large items in the U.S. and Canada. This growth fortifies their last-mile delivery provisions, leveraging electric vehicles and an alliance with EcoCart to counterbalance carbon emissions and offering e-commerce firms a greener choice for shipping their parcels, thus addressing the swelling request for sustainable logistics.
What Are the Key Segments of the Parcel Delivery Market?
The parcel delivery market covered in this report is segmented -
1) By Type: Business-To-Business (B2B), Business-To-Consumer (B2C), Other Types
2) By Destination: International, Domestic
3) By Application: Online Trading, Offline Trading
4) By End-User: Retail And Wholesale, Petroleum, Defense, Chemical, Construction, Government, Other End-Users
Subsegments:
1) By Business-To-Business (B2B): Domestic B2B Delivery, International B2B Delivery, Scheduled Deliveries, Same-Day Delivery, Express And Next-Day Delivery, Bulk Parcel Deliveries
2) By Business-To-Consumer (B2C): E-commerce Parcel Delivery, Retail Parcel Delivery, Subscription Box Deliveries, Same-Day And Next-Day Delivery, Standard And Economy Delivery, Click-And-Collect Deliveries, Returns And Reverse Logistics
3) By Other Types: Consumer-To-Consumer (C2C) Delivery, Marketplace Or Platform Parcel Delivery, Medical And Healthcare Deliveries, Food And Grocery Delivery, High-Value Or Sensitive Parcel Deliveries
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Which Region Dominates the Parcel Delivery Market?
Asia-Pacific was the largest region in the parcel delivery market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the parcel delivery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Parcel Delivery Global Market Report?
- Market Size Analysis: Analyze the Parcel Delivery Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Parcel Delivery Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Parcel Delivery Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Parcel Delivery Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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