Market Size –
The parcel delivery market size has grown strongly in recent years. It will grow from $450.01 billion in 2023 to $474.15 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to e-commerce growth, rising customer expectation, regulatory changes, and last-mile logistics.
The parcel delivery market size is expected to see strong growth in the next few years. It will grow to $592.50 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to last-mile innovation, sustainability initiatives, on-demand delivery, cross-border e-commerce growth, and regulatory changes. Major trends in the forecast period include real-time tracking, urban micro-warehousing, multi-carrier strategies, dynamic delivery pricing, and personalized delivery experiences.
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Scope Of Parcel Delivery Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Parcel Delivery Market Overview
Market Drivers –
Major Driver Impacting Market Growth
Market Trends –
Major companies operating in the parcel delivery market focus on developing innovative delivery methods, such as sustainable parcel delivery solutions, to address growing consumer demands for faster, more environmentally friendly delivery options. Sustainable parcel delivery solutions are delivery services that prioritize sustainability and reduce the carbon footprint by using electric vehicles, optimizing delivery routes, and consolidating shipments. For instance, in September 2022, GoBolt, a Canada-based provider of technology-enabled logistics and delivery services, launched same-day and next-day sustainable parcel delivery services in the U.S. and Canada alongside their large-item deliveries. This expansion enhances their last-mile delivery solutions, utilizing electric vehicles and a partnership with EcoCart to offset carbon emissions. It provides e-commerce businesses with eco-friendly shipping options for small and large parcels, meeting the growing demand for sustainable logistics.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Parcel Delivery Market Characteristics
3. Parcel Delivery Market Trends And Strategies
4. Parcel Delivery Market – Macro Economic Scenario
5. Global Parcel Delivery Market Size and Growth
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31. Parcel Delivery Market Other Major And Innovative Companies
32. Global Parcel Delivery Market Competitive Benchmarking
33. Global Parcel Delivery Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Parcel Delivery Market
35. Parcel Delivery Market Future Outlook and Potential Analysis
36.Appendix
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