Market Size of india international express service Industry
|
Study Period | 2017 - 2030 |
|
Market Size (2024) | USD 1.68 Billion |
|
|
Market Size (2030) | USD 3.26 Billion |
|
Largest Share by End User Industry | E-Commerce |
|
|
CAGR (2024 - 2030) | 11.74 % |
|
|
Fastest Growing by End User Industry | E-Commerce |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
India International Express Service Market Analysis
The India International Express Service Market size is estimated at 1.68 billion USD in 2024, and is expected to reach 3.26 billion USD by 2030, growing at a CAGR of 11.74% during the forecast period (2024-2030).
1.68 Billion
Market Size in 2024 (USD)
3.26 Billion
Market Size in 2030 (USD)
10.00 %
CAGR (2017-2023)
11.74 %
CAGR (2024-2030)
Fastest Growing Market by End User Industry
13.39 %
Projected CAGR, E-Commerce, 2024-2030
E-commerce is projected to witness significant growth due to a rapid increase in cross-border e-commerce, which is estimated to be valued at around USD 129 billion by 2025.
Fastest Growing Market by Shipment Weight
12.33 %
Projected CAGR, Light Weight Shipments, 2024-2030
The pharmaceutical industry is a key courier delivery user, wherein the use of international express is high in the case of API, exports, medical devices, and samples.
Largest Market by Shipment Weight
68.48 %
value share, Light Weight Shipments, 2023
The delivery of goods like pharmaceutical products and real estate documents facilitated by major cross-border activity is driving the segment's growth.
Largest Market by End User Industry
39.87 %
value share, E-Commerce, 2023
Partnerships between courier companies and international e-commerce players are growing in the country to provide international express delivery services due to increasing demand.
First leading Market player
17.66 %
market share, DHL Group, 2022
DHL Express has started the DHL Aviation Bahrain freighter to Delhi, which has 17 freighter connections to 220 countries.
Rise in cross-border trade and e-commerce is expected to drive the international express market in India
- The Indian government launched several initiatives to promote cross-border trade, including simplifying customs procedures and reducing trade barriers. This created a more favorable environment for international express services to operate in India. Recently, the government signed a Comprehensive Economic Partnership Agreement (CEPA) with UAE and an Economic Cooperation and Trade Agreement with Australia, intending to enhance exports and increase market access in other countries.
- The COVID-19 pandemic and e-commerce growth fueled India's international express service market as consumers ordered more online. With more consumers moving from offline to online shopping, courier companies witnessed a rise in businesses delivering goods amid the COVID-19 pandemic restrictions. Globally, the cross-border B2C e-commerce market size was valued at USD 976.12 billion in 2022, and it is expected to expand at a CAGR of 18.95% during the period 2022-28, reaching USD 2.76 trillion by 2028.
- By 2030, India's consumption economy is expected to be the third largest, with a USD 5 trillion GDP. Omnichannel Assistance is the future of retail in India. It is expected to provide an offline experience while also allowing consumers to access online portals. This will enable customers to buy online and ship from the store, reserve online, pick up in-store, and have unlimited digital aisle access to stores and fit catalogs. Moreover, increasing demand for healthcare services, advancements in logistics technology, and the growth of healthcare e-commerce are expected to drive the growth of the healthcare end-user segment.
Understand The Key Trends Shaping This Market
India 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.
- The Indian government launched several initiatives to promote cross-border trade, including simplifying customs procedures and reducing trade barriers. This created a more favorable environment for international express services to operate in India. Recently, the government signed a Comprehensive Economic Partnership Agreement (CEPA) with UAE and an Economic Cooperation and Trade Agreement with Australia, intending to enhance exports and increase market access in other countries.
- The COVID-19 pandemic and e-commerce growth fueled India's international express service market as consumers ordered more online. With more consumers moving from offline to online shopping, courier companies witnessed a rise in businesses delivering goods amid the COVID-19 pandemic restrictions. Globally, the cross-border B2C e-commerce market size was valued at USD 976.12 billion in 2022, and it is expected to expand at a CAGR of 18.95% during the period 2022-28, reaching USD 2.76 trillion by 2028.
- By 2030, India's consumption economy is expected to be the third largest, with a USD 5 trillion GDP. Omnichannel Assistance is the future of retail in India. It is expected to provide an offline experience while also allowing consumers to access online portals. This will enable customers to buy online and ship from the store, reserve online, pick up in-store, and have unlimited digital aisle access to stores and fit catalogs. Moreover, increasing demand for healthcare services, advancements in logistics technology, and the growth of healthcare e-commerce are expected to drive the growth of the healthcare end-user segment.
| 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 |
Need A Different Region Or Segment?
India International Express Service Market Size Summary
The India International Express Service Market is poised for significant growth, driven by government initiatives to enhance cross-border trade and the burgeoning e-commerce sector. The Indian government's efforts to simplify customs procedures and reduce trade barriers have created a conducive environment for international express services. The signing of Comprehensive Economic Partnership Agreements with countries like the UAE and Australia further aims to boost exports and expand market access. The COVID-19 pandemic accelerated the shift from offline to online shopping, leading to increased demand for courier services. This trend is expected to continue as India's consumption economy grows, with advancements in logistics technology and the healthcare sector contributing to the market's expansion.
The logistics sector plays a crucial role in facilitating the movement of goods both domestically and internationally, with road transportation being a dominant force. The sector's growth is supported by government and private investments, rising exports, and the expanding FMCG sector. Despite challenges such as rising fuel costs and high inflation, the market remains moderately consolidated, with major players like Delhivery Limited, DHL Group, DTDC Express Limited, FedEx, and UPS leading the charge. Recent expansions and strategic acquisitions, such as Blue Dart Express's retail store launch and Gati Ltd's acquisition of Fair Trade GmbH, highlight the dynamic nature of the market. These developments underscore the ongoing efforts to enhance service offerings and penetrate underserved markets, ensuring robust growth in the coming years.
India International Express Service Market Size - Table of Contents
-
1. MARKET SEGMENTATION (includes Market Value in USD, Forecasts up to 2030 and analysis of growth prospects)
-
1.1 Shipment Weight
-
1.1.1 Heavy Weight Shipments
-
1.1.2 Light Weight Shipments
-
1.1.3 Medium Weight Shipments
-
-
1.2 Route
-
1.2.1 Inter-Region
-
1.2.2 Intra-Region
-
-
1.3 End User Industry
-
1.3.1 E-Commerce
-
1.3.2 Financial Services (BFSI)
-
1.3.3 Healthcare
-
1.3.4 Manufacturing
-
1.3.5 Primary Industry
-
1.3.6 Wholesale and Retail Trade (Offline)
-
1.3.7 Others
-
-
India International Express Service Market Size FAQs
How big is the India International Express Service Market?
The India International Express Service Market size is expected to reach USD 1.68 billion in 2024 and grow at a CAGR of 11.74% to reach USD 3.26 billion by 2030.
What is the current India International Express Service Market size?
In 2024, the India International Express Service Market size is expected to reach USD 1.68 billion.
