A significant evolution in the business models led by strategic investments, dynamic changes in consumer demands along with technological innovations is contributing towards the phenomenal growth of global express delivery market. The rapid alternations in the demands of consumers has led industries to adopt efficient delivery solutions. Macy's, Inc., a traditional retailer based out of United States, for instance contributed towards enhancement of their delivery services, to provide fast and reliable delivery of orders. The company entered into a partnership with DoorDash in November 2020 so as to extend same-day delivery options to their customers. In another instance, a diversification in the business models of express delivery industry participants to enhance efficiency of last-mile delivery operations is being largely observed. Express delivery market participants including FedEx have partnered with retailers to provide consumers with additional flexibility, by utilizing the store locations as drop-off and pick-up spots for their packages. FedEx for instance, in June 2019, introduced a new parcel service in partnership with Dollar General, the U.S. based chain of variety stores, wherein it allowed the customers to pick-up and drop-off their parcels through these stores. FedEx has a similar partnership with other retailers including Albertson’s, Walgreens and Kroger, which is enabling it to cater diversified customer base across the region, thereby enhancing its share in the global express delivery market.
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Automation and adoption of innovative technologies have been observed as a major trend, which is anticipated to propel the growth of global express delivery market over the forecast period. The companies are increasingly investing towards furthering the adoption of advanced delivery solutions including robotics and automation, self-driving vehicles and unmanned aerial vehicles (UAV) amongst others to optimize cost of operation and increase efficiency. For instance, United Parcel Service of America, Inc. is the first company in the U.S. to provide commercial drone deliveries. The company in January 2020 announced their investment plans into electric vehicles to be deployed across their North America and Europe operations. Similar strategic initiatives towards advancement in the service offerings to cater to the proliferating demand from various sectors is estimated to complement the market growth over the period of next eight years.
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The global express delivery market accounted for US$ 210.36 Bn in 2020, and is expected to grow at a CAGR of 21.4% during the forecast years (2021-2029).
The detailed research study provides qualitative and quantitative analysis of express delivery market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Key Findings of the Report:
- The international express delivery services is estimated to showcase highest growth rate over the forecast period. Growth in sales of B2B equipment, especially for medical and agricultural applications, is expected to fuel this growth.
- Online mode for booking of express delivery services is gaining momentum in the global express delivery market. Multitude features in the form of advanced tracking and variations in delivery options offered through this channel is supplementing the segment’s growth.
- Healthcare and pharmaceuticals sector is anticipated to dominate the global express delivery market over the future years. The increasing prevalence of the global pandemic is contributing exponentially towards the market growth.
- Asia Pacific is expected to be the fasted growing revenue generating region for the express delivery market over the forecast period. The investments towards adoption of advanced technologies in the region along with liberalization of the compliance policies is assisting the region’s growth in the global market.
- Some of the major players operating in the global express delivery market are Aramex, AsstrA-Associated Traffic AG, DB Schenker, Delhivery Pvt Ltd, Deutsche Post AG, DTDC Express Limited, Express Delivery Company, Express Delivery Sweden, FedEx, TCIEXPRESS LIMITED, United Parcel Service of America, Inc., V-Xpress and YTO Express (International) Holdings Limited amongst others.
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Global Express Delivery Market:
- By Regional Coverage
- Domestic
- International
- By Offering
- On-demand Delivery
- Time-defined/Slot-based Delivery
- Returns Management
- Warehousing Services
- Others
- By Transportation Mode
- Air
- Road
- Railways
- By Mode of Booking
- Online
- Offline
- By Application
- B2B
- B2C
- C2C
- By Industry Vertical
- Textile & Garments
- Oil & Gas
- Retail & E-Commerce
- Stationary & Packaging
- Beauty & Cosmetics
- Electronics & Electricals
- Consumer Goods
- Industrial & Engineering
- Automobile
- Food & Beverage
- Healthcare & Pharmaceutical
- IT & Peripherals
- Others
- By Region:
- North America
-
- U.S.
- Canada
- Mexico
- Rest of North America
-
- Europe
-
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
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- Asia Pacific
-
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
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- Middle East & Africa
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- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
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- Latin America
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- Brazil
- Argentina
- Rest of Latin America
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