Overview and Scope
The express delivery provides the fastest form of shipping. Express delivery services assemble, transport, and distribute products in a timely manner while tracking and maintaining control of the goods along the service’s supply chain.
Sizing and Forecast
The express delivery market size has grown strongly in recent years. It will grow from $304.17 billion in 2023 to $330.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to customer expectations and service standards, supply chain optimization, market competition and service differentiation, last-mile innovations, shift in consumer behavior.
The express delivery market size is expected to see strong growth in the next few years. It will grow to $460 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to continued e-commerce growth, advancements in last-mile delivery solutions, rise in same-day and instant delivery, demand for sustainable practices. Major trends in the forecast period include competitive market landscape, dynamic consumer preferences, globalization and cross-border trade, environmental concern, urbanization and population density.
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the express delivery market in 2023. 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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Major Driver Impacting Market Growth
The rapid growth of the e-commerce industry is significantly contributing to the growth of the express delivery market. E-commerce is described as the online sale and purchase of goods and services. Express delivery in e-commerce helps to increase both the quality and the speed with which things are delivered. For instance, according to the India Brand Equity Foundation, by 2024, India’s e-commerce business is predicted to be worth USD 111 billion, and by 2026, it will be worth USD 200 billion. In addition, according to U.S. Department of Commerce, e-commerce sales in the U.S. jumped to$265.9 billion in the third quarter 2022, which as in increase of 9.1% from third quarter 2021. Therefore, the rapid growth of the e-commerce industry is expected to propel the growth of the express delivery market going forward.
Key Industry Players
Major companies operating in the express delivery market report are 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, Ryder System Inc., GXO Logistics Inc., Bolloré Logistics, ZTO Express Inc., STO Express Co. Ltd., PostNord AB, Americold Realty Trust, 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, Deutsche Bahn AG
The express delivery market report table of contents includes:
1. Executive Summary
2. Express Delivery Market Characteristics
3. Express Delivery Market Trends And Strategies
5. Global Express Delivery Market Size and Growth
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32. Global Express Delivery Market Competitive Benchmarking
33. Global Express Delivery Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Express Delivery Market
35. Express Delivery Market Future Outlook and Potential Analysis
36. Appendix
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