Press release
Global Express Delivery Market Projected to Surpass $500.7 Billion by 2029 with 9.3% Annual Growth
Express Delivery
The express delivery market is experiencing robust growth, largely due to the significant expansion of the e-commerce sector, which involves the online buying and selling of products and services. Speedy delivery in the world of e-commerce plays a crucial role in enhancing the quality and rate of product delivery. As per the statistics provided by the India Brand Equity Foundation, the e-commerce market in India is projected to reach a value of USD 111 billion by 2024 and by 2026, it's predicted to soar to USD 200 billion. Similarly, data from the U.S. Department of Commerce highlights that e-commerce sales in the U.S. climbed to an impressive $265.9 billion in the third quarter of 2022, marking an increase of 9.1% from the third quarter of the previous year. Consequently, this rapid progression of the e-commerce sector is anticipated to continue driving the expansion of the express delivery market in the future.
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What growth opportunities are expected to drive the express delivery market's CAGR through 2034?
The market size of express delivery has seen robust growth in the past years. The market, which valued at $324.79 billion in 2024, is predicted to reach $351.43 billion in 2025, yielding a compound annual growth rate (CAGR) of 8.2%. Factors contributing to the growth during the historical period include customer expectations and service standards, improvements in supply chain, market rivalry, service differences, innovations in last-mile delivery, and changes in consumer behavior.
The forecast predicts a robust expansion for the express delivery market size in forthcoming years. This growth is projected to reach $500.7 billion in the year 2029, with a compound annual growth rate (CAGR) of 9.3%. This upswing during the forecast period is likely due to the ongoing growth of e-commerce, advancements in last-mile delivery solutions, an increase in same-day and instant deliverance, and the need for sustainable methods. Major trends within the forecast period consist of a competitive market environment, changing customer tastes, globalization and transnational trade, environmental sensitivities, and urbanization with growing population density.
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What are the emerging trends shaping the future of the express delivery market?
The rise in technological innovations is identified as a key trend gaining traction in the express delivery sector. Major firms in this market are concentrating on employing cutting-edge technologies to solidify their market standing. For instance, EyeMyEye, an Indian eyewear company, introduced a new express delivery service for prescription glasses and UV protective sunglasses in April 2022.
Which growth-oriented segments of the express delivery market are leading the industry's development?
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
Subsegments:
1) By Online: E-Commerce Delivery Services, Same-Day Delivery Options, Mobile App-Based Delivery Services
2) By Offline: In-Store Pickup Services, Traditional Courier Services, Scheduled Delivery Services
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What regions are leading the charge in the express delivery market?
Asia-Pacific was the largest region in the express delivery market in 2024. North America is expected to be the fastest growing region in the forecast period. The regions covered in the express delivery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the express delivery market?
Major companies operating in the express delivery market include 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, Bolloré Logistics, ZTO Express Inc., STO Express Co. Ltd., PostNord AB, 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
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What Is Covered In The Express Delivery Global Market Report?
•Market Size Forecast: Examine the express delivery market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the express delivery market for a structured understanding.
•Key Players Overview: Analyze major players in the express delivery market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the express delivery market.
•Segment Contributions: Evaluate how different segments drive overall growth in the express delivery market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the express delivery market.
•Industry Challenges: Identify potential risks and obstacles affecting the express delivery market.
•Competitive Landscape: Review strategic developments in the express delivery market, including expansions, agreements, and new product launches.
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