International Express Service Market Size
Study Period | 2017 - 2030 | |
Market Size (2024) | USD 65.44 Billion | |
Market Size (2030) | USD 96.77 Billion | |
Largest Share by End User Industry | E-Commerce | |
CAGR (2024 - 2030) | 6.74 % | |
Largest Share by Region | Asia Pacific | |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
International Express Service Market Analysis
The International Express Service Market size is estimated at 65.44 billion USD in 2024, and is expected to reach 96.77 billion USD by 2030, growing at a CAGR of 6.74% during the forecast period (2024-2030).
65.44 Billion
Market Size in 2024 (USD)
96.77 Billion
Market Size in 2030 (USD)
5.76 %
CAGR (2017-2023)
6.74 %
CAGR (2024-2030)
Fastest Growing Market by End User Industry
7.67 %
Projected CAGR, E-Commerce, 2024-2030
As more consumers rapidly move from offline to online shopping, specifically to international players with a global presence, courier companies are witnessing a rise in deliveries.
Fastest Growing Market by Shipment Weight
7.10 %
Projected CAGR, Light Weight Shipments, 2024-2030
The United States, Canada, and Mexico have huge imports and exports of pharmaceutical goods, thus dominating the courier delivery market significantly.
Largest Market by Shipment Weight
59.78 %
value share, Light Weight Shipments, 2023
The delivery of online orders of goods like medicines and cosmetics drives the demand for lightweight shipment globally.
Largest Market by End User Industry
43.78 %
value share, E-Commerce, 2023
Partnerships and collaborations between various e-commerce players and delivery companies are increasing due to the positive growth of cross-border e-commerce globally.
First leading Market player
28.54 %
market share, DHL Group, 2022
DHL Express provides shipping to over 220 countries and territories. The company also provides services to more than 300 customers, with more than 5 million kg shipped annually.
Only 3% of e-commerce revenue was from cross-border transactions in the US and Canada as of 2022
- In North America, small retail businesses benefit from reduced expenses by express delivery carriers, resulting from the implementation of the United States-Mexico-Canada Agreement (USMCA). Similarly, the countries in Asia-Pacific have launched several initiatives to promote cross-border trade, including simplifying customs procedures and reducing trade barriers. This has created a more favorable environment for international express services to operate. For instance, India signed a Comprehensive Economic Partnership Agreement (CEPA) with the UAE.
- The COVID-19 pandemic and e-commerce growth fueled the international express service market, as consumers ordered more online. Partnerships between courier companies and e-commerce players are becoming more common in the region to provide international express delivery services. For instance, DHL announced a partnership with BigCommerce, an e-commerce platform for fast-growing and established B2C and B2B brands, to help online business owners expand their portfolio of products worldwide. As of 2022, only 3% of e-commerce revenue was from cross-border transactions in the United States and Canada. Whereas in Mexico, cross-border accounted for 5% of e-commerce revenue. Over the upcoming years, cross-border B2C e-commerce in North America is expected to expand gradually.
- International express services for medical devices have been increasing due to several factors, including increasing demand for faster and more convenient healthcare services. North America (especially the US) dominates the global medical courier market due to the presence of some of the biggest healthcare courier service providers. International express delivery services for healthcare products are expected to grow in the coming years.
Globally growing international express delivery services owing to increasing demand, cross-border trade, and rising e-commerce
- The United States dominates the market in North America. Major retailers in the United States provide international same-day and express delivery, specifically via air cargo, to more than 200 locations globally, as 67% of Americans expected same-day delivery in 2021. Retailers are able to pick up some deliveries under 60 minutes for international same-day delivery shipping. Some companies operated more than 2,000 daily flights specifically to facilitate same-day and time-sensitive deliveries as of 2022. FedEx, DHL, and UPS are some of the main retailers providing these services.
- In 2022, Germany's textile and clothing trade drove demand for international express services. Germany exported textiles worth USD 40.8 billion and imported goods worth over USD 62.5 billion. China was the top clothing trading partner, and Switzerland was the major export market. Also, France's perfumes and cosmetics trade created significant demand. Imports from the United States alone played a crucial role, valued at USD 57 billion, in generating demand for international express services.
- International express demand has also been significant in countries like China and India. For instance, the volume of intra-city, long-distance, and international/Hong Kong, Macao, and Taiwan express delivery business accounted for 11.6%, 86.6%, and 1.8% of the total express delivery business volume, respectively. ASL in India restarted Quikjet as demand for next-day and same-day air transport increased. Amazon Air launched an air cargo service in India in 2023. The aim is to speed up deliveries, for which it invested in Quikjet to transport packages for Amazon across four major Indian cities exclusively. Amazon Air has 110 jets that reach 70 locations worldwide.
Global International Express Service Market Trends
The North American transportation and storage market increased to 21.35% in 2022, valued at USD 642.60 billion, with investment boost
- Asia Pacific is experiencing increased demand for transportation, especially in shipping, which handles a significant portion of global seaborne trade. This region boasts nine of the world's busiest container ports and accounts for more than 40% of global surface freight transport. By 2050, freight transport demand in the region is projected to triple. Meanwhile, Germany has become a leader in the transportation and warehousing sector, surpassing France and the United Kingdom, ranking third globally in imports and exports. To improve transportation infrastructure, the German government plans to invest over EUR 12 billion (USD 12.81 billion) in federal highways and about USD 1.81 billion in waterways in 2022.
- Global foreign direct investment (FDI) flows in 2022 fell by 24%, totaling USD 1,286 billion, or a 5% decrease when excluding Luxembourg, compared to the previous year. The United States remained the top destination for FDI inflows, receiving USD 318 billion, followed by China with USD 180 billion, although at lower levels. Cross-border merger and acquisition (M&A) activity slowed down with fewer deals, while the outlook for greenfield investment remained positive.
- Transportation and storage in North America saw a significant growth boost, rising from 14.31% YoY in 2021 to 21.35% YoY in 2022, driven by increased demand for e-commerce warehousing and distribution centers. This growth encompassed various transportation facets, reaching a total value of USD 642.60 billion. In 2022, the US Department of Transportation introduced the Port Infrastructure Development Program, allocating more than USD 703 million for 41 projects in 22 states to improve port capabilities, enhance supply chain reliability, and create job opportunities.
For over a year, Russia's invasion of Ukraine disrupted global crude oil and petroleum product markets
- In 2022, the global average price of gasoline at the pump was USD 1.22 per liter, a 19% increase from the previous year, exceeding pre-COVID-19 levels. Following the 2021 rebound amid economic recovery, 2022 prices hiked following crude oil increase due to supply disruption risk amid war. Gasoline prices in Europe are the highest compared to other regions. Gasoline is particularly expensive in Iceland, Norway, Denmark, Greece, Finland, and the Netherlands at USD 7.6 per gallon.
- The Brent crude oil price rose significantly in the first half of 2022 but generally declined in the second half of the year. The Brent crude oil spot price averaged USD 100 per barrel in 2022. Total OPEC crude oil production fell from an average of 29.2 million b/d in Q3 2022 to 28.6 million b/d in Q4 2022. In 2023, OPEC crude oil production is expected to average 28.9 million barrels per day. Oil prices have peaked since last November as Russia and Saudi Arabia continue to cut 1.3 million barrels daily from their output, even as global demand rises to near-record levels.
- Diesel is produced from crude oil, so prices are closely linked to diesel prices. Diesel prices in the United States and globally increased rapidly in the spring of 2022 because of concerns about global diesel supply. Although crude oil prices declined in the second half of 2022, US diesel futures prices rose again in October 2022 to USD 3.95 per gallon due to seasonal demand and diesel supply concerns for Europe. Russia has been Europe's largest supplier of diesel. In 2023, diesel prices declined in Europe and the United States as Europe has been able to replace most of the diesel it would have imported from Russia with imports from other regions.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Global population is projected to rise to 9.7 billion by 2050, fueled by urbanization and longer lifespans
- Recovery of Global GDP (nominal) since 2020, with maximum growth witnessed in the oil and gas, mining, and quarrying sector
- The global e-commerce sector experienced a slight growth of 0.69% YoY in 2022, led by fashion and electronics sub-segments
- Growth in exports of fuels and industrial and agricultural products is projected to boost world export volumes by 2030
- China's e-commerce boom propels courier express market beyond USD 90 billion in 2022
- Manufacturing sector driving the global economy on the back of huge investments and government initiatives
- Rise in global inflation due to economic restrictions and the Russia-Ukraine War
- The gross value added by the manufacturing sector registered a growth of over 8% YoY in 2022, led by the chemical and chemical products sub-sector
- Amid growing imports of fuel and agricultural products, global economies are looking to increase domestic resources by 2030
- European nations lead in overall rankings and road quality, US focuses on freight rail networks
International Express Service Industry Overview
The International Express Service Market is fairly consolidated, with the top five companies occupying 71.98%. The major players in this market are DHL Group, FedEx, La Poste Group, SF Express (KEX-SF) and United Parcel Service of America, Inc. (UPS) (sorted alphabetically).
International Express Service Market Leaders
DHL Group
FedEx
La Poste Group
SF Express (KEX-SF)
United Parcel Service of America, Inc. (UPS)
Other important companies include Aramex, CJ Logistics Corporation, International Distributions Services (including GLS), Kintetsu Group Holdings, Otto GmbH & Co. KG, SG Holdings Co., Ltd., Toll Group.
*Disclaimer: Major Players sorted in alphabetical order.
International Express Service Market News
- September 2023: The Otto Group will deploy Covariant robots to increase operational efficiency, build resilience against labor market challenges, and improve the overall quality of work within their fulfillment centers.
- September 2023: The memorandum of understanding concerns established a closer business relationship between the La Poste subsidiary GeoPost and CEVA Logistics, a subsidiary of the CMA CGM Group, by capitalizing on their respective expertise, services, and areas of operation in parcel delivery, transportation, and storage.
- July 2023: With the USD 9.6 million investment, DHL Express acquired a location closer to the commercial core in downtown Denver. The new DHL Service Point includes nearly 56,000 sq. ft of combined warehouse and office space, along with 60 positions for vehicles to load and unload shipments around its conveyable sorting system.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 60+ free charts, the section covers difficult to find data on various regions pertaining to e-commerce industry trends, economic contribution of the transportation & storage sector, export-import trends, logistics performance among other key indicators.
International Express Service Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Demographics
- 4.2 GDP Distribution By Economic Activity
- 4.3 GDP Growth By Economic Activity
- 4.4 Inflation
-
4.5 Economic Performance And Profile
- 4.5.1 Trends in E-Commerce Industry
- 4.5.2 Trends in Manufacturing Industry
- 4.6 Transport And Storage Sector GDP
- 4.7 Export Trends
- 4.8 Import Trends
- 4.9 Fuel Price
- 4.10 Logistics Performance
- 4.11 Infrastructure
-
4.12 Regulatory Framework
- 4.12.1 Argentina
- 4.12.2 Australia
- 4.12.3 Brazil
- 4.12.4 Canada
- 4.12.5 Chile
- 4.12.6 China
- 4.12.7 Egypt
- 4.12.8 France
- 4.12.9 Germany
- 4.12.10 India
- 4.12.11 Indonesia
- 4.12.12 Italy
- 4.12.13 Japan
- 4.12.14 Malaysia
- 4.12.15 Mexico
- 4.12.16 Netherlands
- 4.12.17 Nigeria
- 4.12.18 Pakistan
- 4.12.19 Philippines
- 4.12.20 Qatar
- 4.12.21 Russia
- 4.12.22 Saudi Arabia
- 4.12.23 South Africa
- 4.12.24 Spain
- 4.12.25 Switzerland
- 4.12.26 Thailand
- 4.12.27 UAE
- 4.12.28 United Kingdom
- 4.12.29 United States
- 4.12.30 Vietnam
- 4.13 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes Market Value in USD, Forecasts up to 2030 and analysis of growth prospects)
-
5.1 Shipment Weight
- 5.1.1 Heavy Weight Shipments
- 5.1.2 Light Weight Shipments
- 5.1.3 Medium Weight Shipments
-
5.2 Route
- 5.2.1 Inter-Region
- 5.2.2 Intra-Region
-
5.3 End User Industry
- 5.3.1 E-Commerce
- 5.3.2 Financial Services (BFSI)
- 5.3.3 Healthcare
- 5.3.4 Manufacturing
- 5.3.5 Primary Industry
- 5.3.6 Wholesale and Retail Trade (Offline)
- 5.3.7 Others
-
5.4 Region
- 5.4.1 Africa
- 5.4.1.1 By Country
- 5.4.1.1.1 Egypt
- 5.4.1.1.2 Nigeria
- 5.4.1.1.3 South Africa
- 5.4.1.1.4 Rest of Africa
- 5.4.2 Asia Pacific
- 5.4.2.1 By Country
- 5.4.2.1.1 Australia
- 5.4.2.1.2 China
- 5.4.2.1.3 India
- 5.4.2.1.4 Indonesia
- 5.4.2.1.5 Japan
- 5.4.2.1.6 Malaysia
- 5.4.2.1.7 Pakistan
- 5.4.2.1.8 Philippines
- 5.4.2.1.9 Thailand
- 5.4.2.1.10 Vietnam
- 5.4.2.1.11 Rest of Asia Pacific
- 5.4.3 Europe
- 5.4.3.1 By Country
- 5.4.3.1.1 Albania
- 5.4.3.1.2 Bulgaria
- 5.4.3.1.3 Croatia
- 5.4.3.1.4 Czech Republic
- 5.4.3.1.5 Denmark
- 5.4.3.1.6 Estonia
- 5.4.3.1.7 Finland
- 5.4.3.1.8 France
- 5.4.3.1.9 Germany
- 5.4.3.1.10 Hungary
- 5.4.3.1.11 Iceland
- 5.4.3.1.12 Italy
- 5.4.3.1.13 Latvia
- 5.4.3.1.14 Lithuania
- 5.4.3.1.15 Netherlands
- 5.4.3.1.16 Norway
- 5.4.3.1.17 Poland
- 5.4.3.1.18 Romania
- 5.4.3.1.19 Russia
- 5.4.3.1.20 Slovak Republic
- 5.4.3.1.21 Slovenia
- 5.4.3.1.22 Spain
- 5.4.3.1.23 Sweden
- 5.4.3.1.24 Switzerland
- 5.4.3.1.25 United Kingdom
- 5.4.3.1.26 Rest of Europe
- 5.4.4 GCC
- 5.4.4.1 By Country
- 5.4.4.1.1 Qatar
- 5.4.4.1.2 Saudi Arabia
- 5.4.4.1.3 UAE
- 5.4.4.1.4 Rest of GCC
- 5.4.5 North America
- 5.4.5.1 By Country
- 5.4.5.1.1 Canada
- 5.4.5.1.2 Mexico
- 5.4.5.1.3 United States
- 5.4.5.1.4 Rest of North America
- 5.4.6 South America
- 5.4.6.1 By Country
- 5.4.6.1.1 Argentina
- 5.4.6.1.2 Brazil
- 5.4.6.1.3 Chile
- 5.4.6.1.4 Rest of South America
- 5.4.7 Rest of the World
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
-
6.4 Company Profiles
- 6.4.1 Aramex
- 6.4.2 CJ Logistics Corporation
- 6.4.3 DHL Group
- 6.4.4 FedEx
- 6.4.5 International Distributions Services (including GLS)
- 6.4.6 Kintetsu Group Holdings
- 6.4.7 La Poste Group
- 6.4.8 Otto GmbH & Co. KG
- 6.4.9 SF Express (KEX-SF)
- 6.4.10 SG Holdings Co., Ltd.
- 6.4.11 Toll Group
- 6.4.12 United Parcel Service of America, Inc. (UPS)
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR CEP CEOS
8. APPENDIX
-
8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.1.5 Technological Advancements
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- POPULATION DISTRIBUTION BY GENDER, COUNT, GLOBAL, 2017 - 2030
- Figure 2:
- POPULATION DISTRIBUTION BY DEVELOPMENT AREA, COUNT, GLOBAL, 2017 - 2030
- Figure 3:
- POPULATION DENSITY, POPULATION/SQ. KM, GLOBAL, 2017 - 2030
- Figure 4:
- GROSS DOMESTIC PRODUCT (GDP) SHARE OF FINAL CONSUMPTION EXPENDITURE (IN CURRENT PRICES), SHARE % OF GDP, GLOBAL, 2017 - 2022
- Figure 5:
- FINAL CONSUMPTION EXPENDITURE, ANNUAL GROWTH (%), GLOBAL, 2017 - 2022
- Figure 6:
- POPULATION DISTRIBUTION BY MAJOR CITY, COUNT, GLOBAL, 2023
- Figure 7:
- DISTRIBUTION OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, SHARE %, GLOBAL, 2023
- Figure 8:
- GROWTH OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, CAGR %, GLOBAL, 2017 – 2022
- Figure 9:
- WHOLESALE PRICE INFLATION RATE, %, NORTH AMERICA, 2017 - 2022
- Figure 10:
- CONSUMER PRICE INFLATION RATE, %, NORTH AMERICA, 2017 - 2022
- Figure 11:
- WHOLESALE PRICE INFLATION RATE, %, EUROPE, 2017 - 2022
- Figure 12:
- CONSUMER PRICE INFLATION RATE, %, EUROPE, 2017 - 2022
- Figure 13:
- WHOLESALE PRICE INFLATION RATE, %, ASIA PACIFIC, 2017 - 2022
- Figure 14:
- CONSUMER PRICE INFLATION RATE, %, ASIA PACIFIC, 2017 - 2022
- Figure 15:
- WHOLESALE PRICE INFLATION RATE, %, SOUTH AMERICA, 2017 - 2022
- Figure 16:
- CONSUMER PRICE INFLATION RATE, %, SOUTH AMERICA, 2017 - 2022
- Figure 17:
- WHOLESALE PRICE INFLATION RATE, %, GCC, 2017 - 2022
- Figure 18:
- CONSUMER PRICE INFLATION RATE, %, GCC, 2017 - 2022
- Figure 19:
- GROSS MERCHANDISE VALUE (GMV) OF E-COMMERCE INDUSTRY, USD, GLOBAL, 2017 - 2027
- Figure 20:
- SECTORAL SHARE IN E-COMMERCE INDUSTRY GROSS MERCHANDISE VALUE (GMV), SHARE %, GLOBAL, 2023
- Figure 21:
- GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY (IN CURRENT PRICES), USD, GLOBAL, 2017 - 2022
- Figure 22:
- SECTORAL SHARE IN GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY, SHARE %, GLOBAL, 2023
- Figure 23:
- VALUE OF TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), USD, GLOBAL, 2017 – 2022
- Figure 24:
- TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), SHARE % OF GDP, GLOBAL, 2022
- Figure 25:
- VALUE OF EXPORTS, USD, GLOBAL, 2017 - 2022
- Figure 26:
- VALUE OF IMPORTS, USD, GLOBAL, 2017 - 2022
- Figure 27:
- FUEL PRICE BY TYPE OF FUEL, USD/LITER, GLOBAL, 2017 - 2022
- Figure 28:
- RANK OF LOGISTICS PERFORMANCE, RANK, UNDEFINED, 2010 - 2023
- Figure 29:
- LENGTH OF ROADS, KM, GLOBAL, 2017 - 2022
- Figure 30:
- SHARE OF ROAD LENGTH BY SURFACE CATEGORY, %, GLOBAL, 2023
- Figure 31:
- SHARE OF ROAD LENGTH BY ROAD CLASSIFICATION, %, GLOBAL, 2023
- Figure 32:
- RAIL LENGTH, KM, GLOBAL, 2017 - 2022
- Figure 33:
- CONTAINERS HANDLED AT MAJOR PORTS, TWENTY-FOOT EQUIVALENT UNITS (TEUS), GLOBAL, 2023
- Figure 34:
- CARGO WEIGHT HANDLED AT MAJOR AIRPORTS, TONS, GLOBAL, 2023
- Figure 35:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, GLOBAL, 2017 - 2030
- Figure 36:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET BY SHIPMENT WEIGHT, USD, GLOBAL 2017 - 2030
- Figure 37:
- VALUE SHARE OF INTERNATIONAL EXPRESS SERVICE MARKET BY SHIPMENT WEIGHT, %, GLOBAL, 2017 - 2030
- Figure 38:
- VALUE OF HEAVY WEIGHT SHIPMENTS INTERNATIONAL EXPRESS SERVICE MARKET, USD, GLOBAL, 2017 - 2030
- Figure 39:
- VALUE OF LIGHT WEIGHT SHIPMENTS INTERNATIONAL EXPRESS SERVICE MARKET, USD, GLOBAL, 2017 - 2030
- Figure 40:
- VALUE OF MEDIUM WEIGHT SHIPMENTS INTERNATIONAL EXPRESS SERVICE MARKET, USD, GLOBAL, 2017 - 2030
- Figure 41:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET BY ROUTE, USD, GLOBAL 2017 - 2030
- Figure 42:
- VALUE SHARE OF INTERNATIONAL EXPRESS SERVICE MARKET BY ROUTE, %, GLOBAL, 2017 - 2030
- Figure 43:
- VALUE OF INTER-REGION INTERNATIONAL EXPRESS SERVICE MARKET, USD, GLOBAL, 2017 - 2030
- Figure 44:
- VALUE OF INTRA-REGION INTERNATIONAL EXPRESS SERVICE MARKET, USD, GLOBAL, 2017 - 2030
- Figure 45:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET BY END USER INDUSTRY, USD, GLOBAL 2017 - 2030
- Figure 46:
- VALUE SHARE OF INTERNATIONAL EXPRESS SERVICE MARKET BY END USER INDUSTRY, %, GLOBAL, 2017 - 2030
- Figure 47:
- VALUE OF E-COMMERCE INTERNATIONAL EXPRESS SERVICE MARKET, USD, GLOBAL, 2017 - 2030
- Figure 48:
- VALUE OF FINANCIAL SERVICES (BFSI) INTERNATIONAL EXPRESS SERVICE MARKET, USD, GLOBAL, 2017 - 2030
- Figure 49:
- VALUE OF HEALTHCARE INTERNATIONAL EXPRESS SERVICE MARKET, USD, GLOBAL, 2017 - 2030
- Figure 50:
- VALUE OF MANUFACTURING INTERNATIONAL EXPRESS SERVICE MARKET, USD, GLOBAL, 2017 - 2030
- Figure 51:
- VALUE OF PRIMARY INDUSTRY INTERNATIONAL EXPRESS SERVICE MARKET, USD, GLOBAL, 2017 - 2030
- Figure 52:
- VALUE OF WHOLESALE AND RETAIL TRADE (OFFLINE) INTERNATIONAL EXPRESS SERVICE MARKET, USD, GLOBAL, 2017 - 2030
- Figure 53:
- VALUE OF OTHERS INTERNATIONAL EXPRESS SERVICE MARKET, USD, GLOBAL, 2017 - 2030
- Figure 54:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET BY REGION, USD, GLOBAL 2017 - 2030
- Figure 55:
- VALUE SHARE OF INTERNATIONAL EXPRESS SERVICE MARKET BY REGION, %, GLOBAL, 2017 - 2030
- Figure 56:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET BY COUNTRY, USD, AFRICA 2017 - 2030
- Figure 57:
- VALUE SHARE OF INTERNATIONAL EXPRESS SERVICE MARKET BY COUNTRY, %, AFRICA, 2017 - 2030
- Figure 58:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, EGYPT, 2017 - 2030
- Figure 59:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, NIGERIA, 2017 - 2030
- Figure 60:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, SOUTH AFRICA, 2017 - 2030
- Figure 61:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, REST OF AFRICA, 2017 - 2030
- Figure 62:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET BY COUNTRY, USD, ASIA PACIFIC 2017 - 2030
- Figure 63:
- VALUE SHARE OF INTERNATIONAL EXPRESS SERVICE MARKET BY COUNTRY, %, ASIA PACIFIC, 2017 - 2030
- Figure 64:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, AUSTRALIA, 2017 - 2030
- Figure 65:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, CHINA, 2017 - 2030
- Figure 66:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, INDIA, 2017 - 2030
- Figure 67:
- VALUE SHARE OF INDIA INTERNATIONAL EXPRESS SERVICE MARKET BY END USER INDUSTRY, %, INDIA, 2022 VS 2030
- Figure 68:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, INDONESIA, 2017 - 2030
- Figure 69:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, JAPAN, 2017 - 2030
- Figure 70:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, MALAYSIA, 2017 - 2030
- Figure 71:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, PAKISTAN, 2017 - 2030
- Figure 72:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, PHILIPPINES, 2017 - 2030
- Figure 73:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, THAILAND, 2017 - 2030
- Figure 74:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, VIETNAM, 2017 - 2030
- Figure 75:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, REST OF ASIA PACIFIC, 2017 - 2030
- Figure 76:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET BY COUNTRY, USD, EUROPE 2017 - 2030
- Figure 77:
- VALUE SHARE OF INTERNATIONAL EXPRESS SERVICE MARKET BY COUNTRY, %, EUROPE, 2017 - 2030
- Figure 78:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, ALBANIA, 2017 - 2030
- Figure 79:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, BULGARIA, 2017 - 2030
- Figure 80:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, CROATIA, 2017 - 2030
- Figure 81:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, CZECH REPUBLIC, 2017 - 2030
- Figure 82:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, DENMARK, 2017 - 2030
- Figure 83:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, ESTONIA, 2017 - 2030
- Figure 84:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, FINLAND, 2017 - 2030
- Figure 85:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, FRANCE, 2017 - 2030
- Figure 86:
- VALUE SHARE OF FRANCE INTERNATIONAL EXPRESS SERVICE MARKET BY END USER INDUSTRY, %, FRANCE, 2022 VS 2030
- Figure 87:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, GERMANY, 2017 - 2030
- Figure 88:
- VALUE SHARE OF GERMANY INTERNATIONAL EXPRESS SERVICE MARKET BY END USER INDUSTRY, %, GERMANY, 2022 VS 2030
- Figure 89:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, HUNGARY, 2017 - 2030
- Figure 90:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, ICELAND, 2017 - 2030
- Figure 91:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, ITALY, 2017 - 2030
- Figure 92:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, LATVIA, 2017 - 2030
- Figure 93:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, LITHUANIA, 2017 - 2030
- Figure 94:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, NETHERLANDS, 2017 - 2030
- Figure 95:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, NORWAY, 2017 - 2030
- Figure 96:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, POLAND, 2017 - 2030
- Figure 97:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, ROMANIA, 2017 - 2030
- Figure 98:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, RUSSIA, 2017 - 2030
- Figure 99:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, SLOVAK REPUBLIC, 2017 - 2030
- Figure 100:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, SLOVENIA, 2017 - 2030
- Figure 101:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, SPAIN, 2017 - 2030
- Figure 102:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, SWEDEN, 2017 - 2030
- Figure 103:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, SWITZERLAND, 2017 - 2030
- Figure 104:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, UNITED KINGDOM, 2017 - 2030
- Figure 105:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, REST OF EUROPE, 2017 - 2030
- Figure 106:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET BY COUNTRY, USD, GCC 2017 - 2030
- Figure 107:
- VALUE SHARE OF INTERNATIONAL EXPRESS SERVICE MARKET BY COUNTRY, %, GCC, 2017 - 2030
- Figure 108:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, QATAR, 2017 - 2030
- Figure 109:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, SAUDI ARABIA, 2017 - 2030
- Figure 110:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, UAE, 2017 - 2030
- Figure 111:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, REST OF GCC, 2017 - 2030
- Figure 112:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET BY COUNTRY, USD, NORTH AMERICA 2017 - 2030
- Figure 113:
- VALUE SHARE OF INTERNATIONAL EXPRESS SERVICE MARKET BY COUNTRY, %, NORTH AMERICA, 2017 - 2030
- Figure 114:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, CANADA, 2017 - 2030
- Figure 115:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, MEXICO, 2017 - 2030
- Figure 116:
- VALUE SHARE OF MEXICO INTERNATIONAL EXPRESS SERVICE MARKET BY END USER INDUSTRY, %, MEXICO, 2022 VS 2030
- Figure 117:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, UNITED STATES, 2017 - 2030
- Figure 118:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, REST OF NORTH AMERICA, 2017 - 2030
- Figure 119:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET BY COUNTRY, USD, SOUTH AMERICA 2017 - 2030
- Figure 120:
- VALUE SHARE OF INTERNATIONAL EXPRESS SERVICE MARKET BY COUNTRY, %, SOUTH AMERICA, 2017 - 2030
- Figure 121:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, ARGENTINA, 2017 - 2030
- Figure 122:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, BRAZIL, 2017 - 2030
- Figure 123:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, CHILE, 2017 - 2030
- Figure 124:
- VALUE OF INTERNATIONAL EXPRESS SERVICE MARKET, USD, REST OF SOUTH AMERICA, 2017 - 2030
- Figure 125:
- VALUE OF REST OF THE WORLD INTERNATIONAL EXPRESS SERVICE MARKET, USD, REST OF THE WORLD, 2017 - 2030
- Figure 126:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, GLOBAL, 2023
- Figure 127:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2023
- Figure 128:
- VALUE SHARE OF MAJOR PLAYERS, %, GLOBAL 2023
International Express Service Industry Segmentation
Heavy Weight Shipments, Light Weight Shipments, Medium Weight Shipments are covered as segments by Shipment Weight. Inter-Region, Intra-Region are covered as segments by Route. E-Commerce, Financial Services (BFSI), Healthcare, Manufacturing, Primary Industry, Wholesale and Retail Trade (Offline), Others are covered as segments by End User Industry. Africa, Asia Pacific, Europe, GCC, North America, South America are covered as segments by Region.
- In North America, small retail businesses benefit from reduced expenses by express delivery carriers, resulting from the implementation of the United States-Mexico-Canada Agreement (USMCA). Similarly, the countries in Asia-Pacific have launched several initiatives to promote cross-border trade, including simplifying customs procedures and reducing trade barriers. This has created a more favorable environment for international express services to operate. For instance, India signed a Comprehensive Economic Partnership Agreement (CEPA) with the UAE.
- The COVID-19 pandemic and e-commerce growth fueled the international express service market, as consumers ordered more online. Partnerships between courier companies and e-commerce players are becoming more common in the region to provide international express delivery services. For instance, DHL announced a partnership with BigCommerce, an e-commerce platform for fast-growing and established B2C and B2B brands, to help online business owners expand their portfolio of products worldwide. As of 2022, only 3% of e-commerce revenue was from cross-border transactions in the United States and Canada. Whereas in Mexico, cross-border accounted for 5% of e-commerce revenue. Over the upcoming years, cross-border B2C e-commerce in North America is expected to expand gradually.
- International express services for medical devices have been increasing due to several factors, including increasing demand for faster and more convenient healthcare services. North America (especially the US) dominates the global medical courier market due to the presence of some of the biggest healthcare courier service providers. International express delivery services for healthcare products are expected to grow in the coming years.
Shipment Weight | Heavy Weight Shipments | ||
Light Weight Shipments | |||
Medium Weight Shipments | |||
Route | Inter-Region | ||
Intra-Region | |||
End User Industry | E-Commerce | ||
Financial Services (BFSI) | |||
Healthcare | |||
Manufacturing | |||
Primary Industry | |||
Wholesale and Retail Trade (Offline) | |||
Others | |||
Region | Africa | By Country | Egypt |
Nigeria | |||
South Africa | |||
Rest of Africa | |||
Region | Asia Pacific | By Country | Australia |
China | |||
India | |||
Indonesia | |||
Japan | |||
Malaysia | |||
Pakistan | |||
Philippines | |||
Thailand | |||
Vietnam | |||
Rest of Asia Pacific | |||
Region | Europe | By Country | Albania |
Bulgaria | |||
Croatia | |||
Czech Republic | |||
Denmark | |||
Estonia | |||
Finland | |||
France | |||
Germany | |||
Hungary | |||
Iceland | |||
Italy | |||
Latvia | |||
Lithuania | |||
Netherlands | |||
Norway | |||
Poland | |||
Romania | |||
Russia | |||
Slovak Republic | |||
Slovenia | |||
Spain | |||
Sweden | |||
Switzerland | |||
United Kingdom | |||
Rest of Europe | |||
Region | GCC | By Country | Qatar |
Saudi Arabia | |||
UAE | |||
Rest of GCC | |||
Region | North America | By Country | Canada |
Mexico | |||
United States | |||
Rest of North America | |||
Region | South America | By Country | Argentina |
Brazil | |||
Chile | |||
Rest of South America | |||
Region | Rest of the World |
Market Definition
- Courier, Express, and Parcel - The Courier, Express, and Parcel services, often called as CEP Market, refers to the logistics and postal service providers which specialize in moving small goods (parcels/packages). It captures the overall market size (USD) and market volume (number of parcels) of (1) the shipments/parcels/packages which are under 70kgs/ 154lbs weight, (2) Business Customer packages viz. Business-to-Business (B2B) & Business-to-Consumer (B2C) as well as private customer packages (C2C), (3) non-express parcel delivery services (Standard and Deferred) as well as express parcel delivery services (Day-Definite-Express and Time-Definite-Express), (4) domestic as well as international shipments.
- Demographics - To analyse total addressable market demand, population growth & forecasts have been studied and presented in this industry trend. It represents population distribution across categories like gender (male/female), development area (urban/rural), major cities among other key parameters like population density and final consumption expenditure (growth and share % of GDP). This data has been used for assessing the fluctations in demand & consumption expenditure, and the major hotspots (cities) of potential demand.
- Domestic Courier Market - Domestic Courier Market refers to the CEP shipments wherein the origin and destination is within the boundary of the geography studied (country or region as per the scope of report). It captures the market size (USD) and market volume (number of parcels) of (1) the shipments/parcels/packages which are under 70kgs/ 154lbs weight, including light weight shipments, medium weight shipments and heavy weight shipments (2) Business Customer packages viz. Business-to-Business (B2B) & Business-to-Consumer (B2C) as well as private customer packages (C2C), (3) non-express parcel delivery services (Standard and Deferred) as well as express parcel delivery services (Day-Definite-Express and Time-Definite-Express).
- E-Commerce - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the e-tailers, through online sales channel, on Courier, Express, and Parcel (CEP) services. The scope includes (i) the supply chain of a company's online customer orders being fulfilled, (ii) the process of getting a product from the point of manufacturing to the point at which it is delivered to consumers. It involves managing inventory (deferred as well as time critical), shipping, and distribution.
- Export Trends and Import Trends - Overall logistics performance of an economy is positively and significantly (statistically) correlated to its trade performance (exports and imports). Hence, in this industry trend, total value of trade, major commodities/ commodity groups and the major trade partners, for the studied geography (country or region as per the scope of report) have been analysed alongside the impact of major trade/logistics infrastructure investments & regulatory environment.
- Financial Services (BFSI) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the BFSI players, on Courier, Express, and Parcel (CEP) services. CEP is important to the financial services industry in shipping of confidential documents and files. The establishments in this sector are engaged in (i) financial transactions (that is, transactions involving the creation, liquidation, or change in ownership of financial assets) or in facilitating financial transactions, (ii) financial intermediation, (iii) the pooling of risk by underwriting annuities and insurance, (iv) providing specialized services that facilitate or support financial intermediation, insurance and employee benefit programs, and (v) monetary control - the monetary authorities.
- Fuel Price - Fuel price spikes can cause delays and diruption for logistics service providers (LSPs), while drops in the same can result in higher short-term profitability and increased market rivalry to offer consumers with the best deals. Hence, the fuel price variations have been studied over the review period and presented along with the causes as well as market impacts.
- GDP Distribution by Economic Activity - Nominal Gross Domestic Product and distribution of the same, across major economic sectors in the geography studied (country or region as per scope of the report) have been studied and presented in this industry trend. As GDP is positively related to the profitability and growth of logistics industry, this data has been used in adjunction to the input-output tables/ supply-use tables for analyzing the potential major contributing sectors towards the logistics demand.
- GDP Growth by Economic Activity - Growth of Nominal Gross Domestic Product across major economic sectors, for the geography studied (country or region as per scope of the report) have been presented in this industry trend. This data has been utilized for assessing the growth of logistics demand from all the market end users (economic sectors considered here).
- Healthcare - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the Healthcare players (Hospitals, clinics, mrdical centres) , on Courier, Express, and Parcel (CEP) services. The scope includes CEP services involved in the defrerred as well time critical movement of medical goods & supplies (surgical supplies and instruments, including gloves, masks, syringes, equipment). The establishments in this sector (i) include the ones providing medical care exclusively (ii) deliver services by trained professionals (iii) involve processes, including labor inputs of health practitioners with the requisite expertise (iv) are defined based on the educational degree held by the practitioners included in the industry.
- Inflation - Variations in both Wholesale Price Inflation (YoY change in producer price index) and Consumer Price Inflation have been presented in this industry trend. This data has been used to assess the inflationary environment as it plays a vital role in smooth functioning of the supply chain, directly impacting the logistics operational cost components e.g., pricing of tyres, driver wages & benefits, energy/fuel prices, maintenace costs, toll charges, warehousing rents, custom brokerage, forwarding rates, courier rates etc. hence impacting the overall freight and logistics market.
- Infrastructure - As infrastructure plays a vital role in an economy's logistics performance, variables like length of roads, distribution of road length by surface category (paved v/s unpaved), distribution of road length by road classification (expressways v/s highways v/s other roads), rail length, volume of containers handled by major ports and tonnage handled by major airports have been analysed and presented in this industry trend.
- International Express Service Market - International Express Service Market refers to the CEP shipments wherein the origin or destination is not within the boundary of the geography studied (country or region as per the scope of report). It captures the market size (USD) and market volume (number of parcels) of (1) the shipments/parcels/packages which are under 70kgs/ 154lbs weight, including light weight shipments, medium weight shipments and heavy weight shipments (ii) Inter-Region as well as Intra-Region Shipments
- Key Industry Trends - The report section named "Key Industry Trends" include all the key variables/parameters studied to better analyze the market size estimates and forecasts. All the trends have been presented in the form of data points (time series or latest available data points) along with analysis of the paramter in the form of concise market relevant commentary, for the geography studied (country or region as per the scope of report).
- Key Strategic Moves - The action taken by a company to differentiate from its competitor or used as a general strategy is referred to as a key strategic move (KSM). This includes (1) Agreements (2) Expansions (3) Financial Restructuring (4) Mergers and Acquisitions (5) Partnerships, and (6) Product Innovations. Key players (Logistics Service Providers, LSPs) in the market have been shortlisted, their KSM have been studied and presented in this section.
- Logistics Performance - Logistics Performance and Logistics Costs are the backbone of trade, and influences trade costs, making countries compete globally. Logistics performance is influenced by market wide adopted supply chain management strategies, government services, investments & policies, fuel/ energy costs, inflationary environment etc. Hence, in this industry trend, the logistics performance of the geography studied (country/ region as per the scope of report) has been analysed and presented over the review period.
- Manufacturing - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the Manufacturing industry (including Hi-Tech/Technology) players, on Courier, Express, and Parcel (CEP) services. The end user players considered are the establishments primarily engaged in the chemical, mechanical or physical transformation of materials or substances into new products. Logistics Service Providers (LSPs) play a crucial role in maintaining a smooth flow of raw materials across the supply chain, enabling timely delivery of finished goods to distributors or end customers and storing & supplying the raw materials to clients for just-in-time manufacturing.
- Other End Users - Other end user segment captures the external (outsourced) logistics expenditure incurred by the construction, real estate, educational services, and professional services (administrative, waste management, legal, architectural, engineering, design, consulting, scientific R&D), on Courier, Express, and Parcel (CEP) services. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of time critical supplies and documents to/from these industries such as transporting any equipment or resources required, shipping confidential documents and files.
- Primary Industry - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the AFF (Agriculture, Fishing, and Forestry) and Extraction indsutry (Oil &Gas, Quarrying and Mining) players, on Courier, Express, and Parcel (CEP) services. The end user players considered are the establishments (i) primarily engaged in growing crops, raising animals, harvesting timber, harvesting fish & other animals from their natural habitats and providing related support activities; (ii) that extract naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. Herein, Logistics Service Providers (LSPs) (i) play a crucial role in acquisition, storage, handling, transportation, and distribution activities for the optimal & continuous flow of inputs (seeds, pesticides, fertilizers, equipment, and water) from manufacturers or suppliers to the producers and smooth flow of output (produce, agro-goods) to distributors/ consumers; (ii) cover entire phases from upstream to downstream and play a crucial role in the transportation of machinery, drilling equipments, extracted minerals, crude oil & natural gas and refined/ processed products from one place to another. This includes both termperature controlled and non-temperature controlled logistics, as and when required according to the shelf life of goods being transported or stored.
- Producer Price Inflation - It indicates inflation from viewpoint of the producers viz. the average selling price received for their output over a period of time. Annual change (YoY) of producer price index is reported as wholesale price inflation in the "Inflation" industry trend. As WPI captures dynamic price movements in most comprehensive way, it is widely used by governments, banks, industry, business circles and is deemed important in formulation of trade, fiscal and other economic policies. The data has been used in adjunction to consumer price inflation for better understanding the inflationary environment.
- Segmental Revenue - Segmental Revenue has been triangulated or computed and presented for all the major players in the market. It refers to the courier, express, and parcel (CEP) market specific revenue earned by the company, over the base year of study, in the geography studied (country or region as per the scope of report). It is computed through the study and analysis of major parameters like financials, service portfolio, employee strength, fleet size, investments, number of countries present in, major economies of concern, etc. that have been reported by the company in its annual reports, webpage. For companies having scarce financial disclosures, paid databases like D&B Hoovers, Dow Jones Factiva have been resorted to and verified through industry/expert interactions.
- Transport and Storage Sector GDP - Value and growth of Transport and Storage Sector GDP has a direct relation to the freight and logistics market size. Hence, this variable has been studied and presented over the review period, in value terms (USD) and as share % of total GDP, in this industry trend. The data has been supported by concise and relevant commentary around the investments, developments, and current market scenario.
- Trends in E-Commerce Industry - Enhanced internet connectivity and boom in smartphone penetration, coupled with increasing disposable incomes, has led to a phenomenal growth in the e-commerce market globally. Online shoppers require fast and efficient delivery of their orders leading to an increase in the demand for logistics services especially e-commerce fulfilment services. Hence, the Gross Merchandise Value (GMV), historial and projected growth, breakup of major commodity groups in e-commerce industry for the studied geography (country or region as per scope of the report) have been analysed and presented in this industry trend.
- Trends in Manufacturing Industry - Manufacturing industry involves the transformation of raw materials into finished products, while logistics industry ensures the efficient flow of raw materials to the factory, and the transport of manufactured products to the distributors & consumers. Demand-Supply of both industries are highly cross-linked and critical for a seamless supply chain. Hence, the Gross Value Added (GVA), breakup of GVA into major manufacturing sectors, and growth of manufacturing industry over the review period have been analysed and presented, in this industry trend.
- Wholesale and Retail Trade (Offline) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the wholesalers and retailers, through offline sales channel, on Courier, Express, and Parcel (CEP) services. The end user players considered are the establishments primarily engaged in wholesaling or retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies to and finished products from production houses to the distributors and finally to the end customer covering activites like material sourcing, transportation, order fulfillment, warehousing & storage, demand forecasting, inventory management etc.
Keyword | Definition |
---|---|
Axle Load | The axle load refers to the total load (weight) bearing on the roadway through wheels connected to a given axle. Across the globe, there are systems in place to ensure axle load monitoring, wherein surpassing the defined limits set by the concerned regulatory authority can lead to penalty/fine. For transportation of goods via road this can be an important determinant of costs as knowledge about the axle load limits can be used to (i) load the vehicle optimally for maximizing profits (ii) avoid exceeding the same and hence the probable fines associated (iii) avoid wear and tear of the vehicle (iv) avoid damage to pavement resulting in noticeable public maintenance and repair costs (v) achieve better turnaround time. |
Back Haul | Backhaul is the return movement of a transport vehicle from its original destination to its original point of departure, and can include full, partial, or empty truck loads (all or part of the way) depending on the visibility of the local freight ecosystem. In this regard, transportation of empty containers to the point of origin, known as deadheading is also a significant factor, considering the supply/container shortages across the geographies, resulting in cost escalation and under optimized profit potential attainment. Generally, the carriers offer discounts on the backhaul, to secure freight for the trip. |
Bill of Lading (BOL) | A bill of lading is a legal contract document issued by a carrier to a shipper to acknowledge reception of their cargo, and is evidence for the contract of carriage between the two parties. Broadly it details the (i) type, quantity, and other specifications of the goods being carried (ii) destination, and terms & conditions of the shipment (iii) carrier and drivers with all the necessary information to process the shipment, which can be used for insurance and customs clearance purposes (iv) assurance that the consignment is damage-free and ready to be shipped to the consignee. In this regard, a house bill of lading (HBL) is a document issued by a freight forwarder or a non-vessel operating common carrier (NVOCC) to acknowledge receipt of items for shipment (to a shipper). If shipments from several shippers are involved a master bill of lading (MBL) might be involved which is a consolidated version of the same for all the shipments being taken care of by the carrier (to a common destination) and might be issued by the carrier to the freight forwarder or the shipper (depending on who books the transport). |
Bunkering | Bunkering is the process of supplying fuel to power the propulsion system of a ship. It includes the logistics of loading and distributing the fuel among available shipboard tanks. In this regard, (i) Bunker fuel is technically any type of fuel oil used aboard ships. It gets its name from the containers on ships and in ports that it is stored in; in the days of steam they were coal bunkers but now they are bunker-fuel tanks, (ii) Bunker refers to the spaces (Tank) on board a vessel to store fuel, (iii) Bunker trader refers to a person dealing in trade of bunker (fuel), (iv) Bunker call is made when a cargo ship anchors or berths in a port to take on bunker oil or supplies, (v) Bunkering service is the supply of a requested quality and quantity of bunkers to a ship. Bunkering is signficant from point of view of freight rates applicable to the shipper as Bunker Contribution (BUC)/ Fuel Adjustment Factor (FAF)/ Bunker Adjustment Factor (BAF) are applied by shipping lines to offset the effect of fluctuations in the cost of bunkers. |
Cabotage | Transport by a vehicle registered in a country, performed on the national territory of another country. Cabotage law may restrict domestic cargo traffic to be carried in its own nationally registered, and sometimes built and crewed vehicles, though regulations vary across industries/commodity groups/countries and sometimes specify maximum allowable percentage of cabotage that can be serviced by foreign registered fleet. |
C-commerce | Collaborative commerce (also known as C-commerce), (i) describes electronically enabled business interactions among an enterprise’s internal personnel, business partners and customers throughout a trading community (industry, industry segment, supply chain or supply chain segment); (ii) is the optimization of supply and distribution channels to capitalize on the global economy by using new technology efficiently. Advantages of C-commerce, to detail few include (i) maximization of organization's efficiency and profitability (ii) technology integration with physical channels to allow companies to work together (iii) increased information exchange such as inventory and product specifications, using the web as an intermediary (iv) increased competitiveness by reaching a broader audience. Examples of C-commerce, also known as peer-to-peer commerce, include (i) companies that allow consumers to rent things from each other, or marketplaces, such as Meta (formerly Facebook) Marketplace, that allow the sale of used goods; (ii) DoorDash teamed up with many national brands, such as McDonald’s and Chipotle, to offer fast food delivery, building their business model on c-commerce. They have since expanded their delivery service from restaurants to retailers and even offer 'fleets' of drivers to businesses. |
Courier | A business/company that delivers packages/parcels/shipments (upto 70 kgs) including quick door to door pickup and delivery service for goods or documents, domestically or internationally, on a commercial contract basis. Example, DHL Group, FedEx, United Parcel Service of America, Inc., USPS, International Distributions Services, J&T Express, SF Express among several others |
Cross docking | Cross docking is a practice in logistics management that includes unloading incoming delivery vehicles and loading the materials directly into outbound delivery vehicles, omitting traditional warehouse logistical practices and saving time and money. It requires close synchronization of both inbound and outbound movements. It is highly significant in reduction of costs pertaining to warehousing & storage (and the associated Value Added Services). |
Cross Trade | International transport between two different countries performed by a vehicle registered in a third country. A third country is a country other than the country of loading/embarkation and the country of unloading/disembarkation. Cross Trade law may restrict international cargo traffic to be carried by respective country's registered vehicles, and sometimes built and crewed vehicles, though regulations vary across industries/commodity groups/countries and sometimes specify maximum allowable percentage of cross trade that can be serviced by foreign registered fleet. |
Customs Clearance | The process of declaring and clearing cargoes through customs. It includes the procedures involved in getting cargo released by Customs through designated formalities such as presenting import license/permit, payment of import duties and other required documentations by the nature of the cargo. In this regard, a customs broker is a person or company licensed by the respective department of the country to act on behalf of freight importers and exporters. |
Dangerous Goods | Dangerous goods (or hazardous materials or HAZMAT) include flammable liquids/solids, gases (compressed, liquified, dissolved under pressure), corrosives, oxidising substances, explosive substances and articles, substances which on contact with water emit flammable gasses, organic peroxides, toxic substances, infectious substances, radioactive materials, miscellaneous dangerous goods and articles. |
First mile Delivery | First mile delivery refers to the (i) first stage of the freight/shipment/cargo/courier transportation (ii) the transportation of goods from a merchant’s premises or warehouse to the next fulfillment centre/warehouse/hub from where the goods are forwarded (iii) shipping goods from local distribution centers to stores (For retailers) (iv) transportation of finished goods from a plant or a factory to a distribution center (For manufacturers), (v) pick up of goods from the end-customer’s home or store followed by movement to a warehouse or storage location (movers and packers), (vi) process where goods are picked up from a retailer and then transferred to third-party logistics providers or courier service providers to be delivered to the end-consumer (e-commerce). Once the package reaches the next warehouse or the courier’s hub, it is then sorted and transported further until it reaches the customer’s doorstep. Example, if one chooses UPS as a courier, first-mile delivery will be the product being delivered from manufacturer's/retailer's warehouse to the UPS’s warehouse/ fulfilment centre. |
Last Mile Delivery | Last mile delivery refers to the very last step of the delivery process when a parcel is moved from a transportation hub (warehouse or a distribution center or fulfillment centre) to its final destination, which usually is a personal residence/retail store/ business, or parcel locker. It accounts for around half of the total cost involved in entire process of first mile, middle mile, and last mile delivery, though it can vary shipment to shipment, based on commodity, business model and similar factors. |
Milkrun | A Milk Run is a delivery method used to transport mixed loads from various suppliers to one customer, using lean management principles applied to logistics. Instead of each supplier sending a truck every week to meet the needs of one customer, one truck (or vehicle) visits the suppliers to pick up the loads for that customer. This method of transport got its name from the dairy industry practice, where one tanker used to collect milk from several dairy farms for delivery to a milk processing company. A milk run can be a more efficient way to handle logistics but require proper planning. If the route involves products from different companies, there is need for an agreement about cost-sharing and other aspects of the cooperative delivery arrangement. Once the group settles these issues, this delivery method can save time and money for everyone by pooling operation costs and resources. |
Multi country consolidation | Multi-Country Consolidation (MCC) is a cost-effective solution that consolidates one's cargo from different countries of origin to build Full Container Loads (FCL). MCC is most suitable for companies that import light volumes of goods from multiple countries but want to take advantage of the more economic FCL freight rates. Apart from costing some of the other advantages include (i) flexibility to choose suppliers from a wider range of origin countries without worrying about the logistics to final destination from each origin, (ii) ability to pick the most suitable suppliers from many different countries for one's business operations. The increase in one's sourcing options by MCC provides the kind of flexibility needed in competitive global markets. |
Q-commerce | Q-commerce, also referred to as quick commerce, is a type of e-commerce where emphasis is on quick deliveries, typically in less than an hour. The companies providing Q-Commerce services might have vertically intergrated model or might be using third party delivery platforms (outsourced logistics). It has advantages like (i) competitve USP, (ii) potential to earn greater profit margins, (iii) better customer experience, (iv) guaranteed availability of products, (v) traceability, and (vi) scaleability. |
ReverseLogistics | Reverse logistics is a type of supply chain management that moves goods from customers back to the sellers or manufacturers and may involve ciruclar economy principles (3Rs) viz. recycling, reuse (repurposing, reselling), reducing or repairing. In this regard, reverse commerce (or Recommerce) is the selling of previously owned items through physical or online marketplaces/distribution channels to buyers who reuse, recycle or resell them. |
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is considered to be a part of the pricing, and the average selling price (ASP) is varying throughout the forecast period for each country
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms