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Parcel Delivery: A Leading Driver Behind E-commerce Growth Driving Parcel Delivery Market Expansion Market Expansion in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Parcel Delivery Industry Market Size Be by 2025?
The market size of parcel delivery has experienced robust expansion in the previous years. The growth projection is from $474.15 billion in 2024 up to $502.57 billion in 2025, proceeding at a compound annual growth rate (CAGR) of 6.0%. Factors such as the expansion of e-commerce, increased customer demands, alterations in regulations, and developments in last-mile logistics contribute to the historical growth period.
What's the Long-Term Growth Forecast for the Parcel Delivery Market Size Through 2029?
In the upcoming years, the parcel delivery market is projected to witness substantial expansion, with an estimated value of $625.72 billion by 2029, growing at a compound annual rate of 5.6%. The anticipated growth during this period is due to factors such as last-mile innovation, sustainability measures, on-demand delivery services, the increase in cross-border e-commerce, and alterations in regulations. The forecast period also sees predominant trends such as real-time tracking, urban micro-warehousing, the application of multi-carrier strategies, fluctuating delivery pricing, and tailored delivery experiences.
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What Are the Key Growth Drivers Fueling the Parcel Delivery Market Expansion?
The parcel delivery market's growth is being fueled by the fast-paced growth of e-commerce. E-commerce, which entails online purchase and sale of goods or services, has been expanding globally thanks to tech advancements, changing consumer behavior, and innovative business models. A critical component for e-commerce, parcel delivery services boost effective order completion, broaden market scope, and offer superior shopping experiences that spark growth and prosperity. For example, per data from the United States Census Bureau-a federal agency, e-commerce sales in America skyrocketed, hitting an estimated $1,118.7 billion in 2023, a 7.6% uptick from 2022. Hence, the swift expansion of e-commerce is the driving force behind the parcel delivery market's growth.
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What Are the Key Trends Driving Parcel Delivery Market Growth?
Primary corporations in the parcel delivery market are honing in on creating innovative delivery techniques including eco-friendly parcel delivery solutions, in response to the increasing consumer needs for swift, green delivery alternatives. These sustainable parcel delivery solutions are services that emphasize ecological stability, and minimize ecological impact through the utilization of electric vehicles, the optimization of delivery routes, and the amalgamation of consignments. For example, in September 2022, the technologically advanced logistics and delivery services provider based in Canada, GoBolt, introduced same-day and next-day eco-friendly parcel delivery services in the U.S. and Canada, supplementing their deliveries of larger items. This growth enhances their last-phase delivery solutions, using electric vehicles combined with a collaboration with EcoCart to balance out carbon emissions. This offers eCommerce businesses with environmentally sound shipping choices for parcels of all sizes, satisfying the escalating demand for green logistics.
How Is the Parcel Delivery Market Segmented?
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 Companies Are Leading the Charge in Parcel Delivery Market Innovation?
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
Which Regions Are Leading the Global Parcel Delivery Market in Revenue?
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.
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