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Future of Express Delivery Market: Size, Share & Forecasts to 2029
Express Delivery Market
What Is the Projected Market Size Valuation of the Express Delivery Market by 2025?
The size of the express delivery market has seen significant expansion recently, with forecasts predicting an increase from $324.79 billion in 2024, to $349.01 billion in 2025. This growth, which represents a compound annual growth rate (CAGR) of 7.5%, is primarily due to several factors. These include rising customer expectations and service standards, improvements in supply chain optimization, intense market competition and service differentiation, innovations in last-mile delivery solutions, and transformation in consumer behavior.
What Is the Estimated Market Growth Value for the Express Delivery Industry in 2029?
In the coming years, the express delivery market is projected to witness significant expansion, reaching a value of $494.5 billion in 2029, with a compound annual growth rate (CAGR) of 9.1%. This buoyant growth over the forecasted period is primarily driven by ongoing expansion of e-commerce, breakthroughs in last-mile delivery solutions, escalating demand for same-day and instant deliveries, and an emphasis on sustainable practices. The main trends expected for this period consist of a fiercely competitive market environment, rapidly changing consumer tastes, an increase in globalization and cross-border commerce, amplified environmental awareness, and growing urbanization and population densities.
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What Are the Growth Drivers and Opportunities in the Express Delivery Market?
The swift expansion of the e-commerce sector is playing a pivotal role in bolstering the express delivery market. E-commerce, defined as online buying and selling of goods and services, uses express delivery for enhanced quality and speed of deliveries. For example, the India Brand Equity Foundation forecasts that India's e-commerce trade will value USD 111 billion by 2024 and up to USD 200 billion by 2026. Furthermore, data from the U.S. Department of Commerce reveals that e-commerce sales in the U.S. surged to $265.9 billion in the third quarter of 2022, marking a 9.1% increase from the same period in the previous year. Hence, the speedy evolution of the e-commerce sector is anticipated to drive the growth of the express delivery market in the future.
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What Are the Primary Segments Covered in the Global Express Delivery Market Report?
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
What Are the Top Growth Trends in the Express Delivery Market?
The emergence of advancements in technology is a major trend that's becoming increasingly popular in the express delivery market. Major companies engaged in express delivery are aiming to employ cutting-edge technology to bolster their market stance. For instance, EyeMyEye - a renowned Indian eyewear establishment, launched a unique express delivery service for prescription glasses and sunshades with UV protection in April 2022.
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Which Companies Are Shaping the Future of 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
Which Region Holds the Largest Market Share in the Express Delivery Industry?
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.
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