Market Size of Express Delivery Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Express Delivery Market Analysis
Growth in the global express markets has been driven by strong domestic e-commerce sales. Domestic markets have been growing more quickly than international markets in most regions, but the gap is narrowing significantly in some regions. The gap in the domestic and international market is smaller in North America and Europe. In Europe, this is primarily due to the interconnectedness of the market and the lower barriers to international trade.
Domestic markets have proved capable of seizing on the opportunities that e-commerce brings. A number of issues remain for the international market: higher costs and delivery times are associated with international parcels. Cross-border e-commerce boosts the international express market, particularly in regions with high cross-border e-commerce volumes, such as Asia Pacific and Europe.
Major players operating in the express delivery services have changed their business models with deeper customer relationship engagement to provide a varied range of value-added services in domestic, cross-border, and inter-regional trades. These include sorting and grading of products, packaging, picking, order processing through storage, management information systems (MIS), analytics services in mobile tracking applications, logistics supply chain, online tracking of parcels, e-mail alerts and SMS, and hub-to-spoke collection centers.
Express Delivery Industry Segmentation
The express delivery market refers to the quick parcel delivery service provided by the companies.
The report provides a complete background analysis of the express delivery market, which includes an assessment and contribution of the sector in the economy, market overview, market size estimation for key segments, key countries and emerging trends in the market segments, market dynamics, and key component flow statistics. The report also covers the impact of COVID-19 on the market.
The express delivery market is segmented by business (B2B and B2C), destination (domestic and international), end user (services, wholesale and retail trade, manufacturing, construction, and utilities, and primary industries), and geography.
| By Business | |
| B2B (Business-to-Business) | |
| B2C (Business-to-Consumer) |
| By Destination | |
| Domestic | |
| International |
| By End User | |
| Services (BFSI (Banking, Financial Services and Insurance)) | |
| Wholesale and Retail Trade (E-commerce) | |
| Manufacturing, Construction, and Utilities | |
| Primary Industries (Agriculture and Other Natural Resources) |
| By Geography | ||||||||||
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| Rest of the World |
Express Delivery Market Size Summary
The express delivery market is experiencing significant growth, primarily driven by the surge in domestic e-commerce sales. While domestic markets have been expanding at a faster pace than international ones, the disparity is narrowing, particularly in regions like North America and Europe. This convergence is largely due to the interconnected nature of European markets and reduced barriers to international trade. Despite the challenges of higher costs and longer delivery times associated with international parcels, cross-border e-commerce is enhancing the international express market, especially in regions with substantial cross-border activity such as Asia Pacific and Europe. Major players in the express delivery sector are evolving their business models to foster deeper customer relationships and offer a diverse array of value-added services, including advanced logistics solutions and real-time tracking capabilities.
Asia-Pacific and North America are at the forefront of retail and e-commerce sales, with Asia-Pacific poised to be one of the largest and fastest-growing express delivery markets. The region's growth is fueled by the rise of e-commerce in countries like China and India. As demand for express delivery services escalates in developing nations, companies are intensifying competition to seize market opportunities. International players are making strategic investments to build regional logistics networks, while local companies face stiff competition from well-established multinational firms. Key industry players, including Deutsche Post DHL Group, United Parcel Service Inc., and FedEx Corporation, are expanding their operations and services to meet the evolving needs of the market, such as introducing new delivery options and enhancing their air cargo capabilities.
Express Delivery Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain/Supply Chain Analysis
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1.5 Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Government Regulations and Initiatives
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1.7 Technological Trends in the Industry
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1.8 Insights into the E-commerce Industry (Domestic and Cross-border E-commerce)
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1.9 Impact of COVID-19 on the Market (Short- and Long-term Effects on the Market and Economies in the Region)
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2. MARKET SEGMENTATION
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2.1 By Business
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2.1.1 B2B (Business-to-Business)
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2.1.2 B2C (Business-to-Consumer)
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2.2 By Destination
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2.2.1 Domestic
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2.2.2 International
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2.3 By End User
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2.3.1 Services (BFSI (Banking, Financial Services and Insurance))
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2.3.2 Wholesale and Retail Trade (E-commerce)
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2.3.3 Manufacturing, Construction, and Utilities
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2.3.4 Primary Industries (Agriculture and Other Natural Resources)
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2.4 By Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 India
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2.4.3.2 China
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2.4.3.3 Japan
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2.4.3.4 South Korea
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2.4.3.5 Vietnam
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2.4.3.6 Malaysia
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2.4.3.7 Thailand
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2.4.3.8 Rest of Asia-Pacific
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2.4.4 Rest of the World
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Express Delivery Market Size FAQs
What is the current Express Delivery Market size?
The Express Delivery Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Express Delivery Market?
Deutsche Post DHL Group, United Parcel Service Inc., FedEx Corporation, Aramex PJSC and SF Express (Group) Co. Ltd are the major companies operating in the Express Delivery Market.
