PUBLISHER: The Business Research Company | PRODUCT CODE: 1436264
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436264
Express delivery services provide the fastest form of shipping, assembling, transporting, and distributing products in a timely manner. These services track and maintain control of goods along the supply chain.
Express delivery services are classified into two main types are online and offline. B2B (business-to-business) orders are often large-scale, shipped through freight or parcels for smaller orders. Express delivery is commonly used in B2B for wholesale transactions. Various business models, including B2B, B2C (business-to-consumer), and C2C (consumer-to-consumer), are employed, catering to diverse destinations such as domestic and international locations. These services find applications in various sectors, including services, wholesale and retail trade, manufacturing, construction, utilities, and others.
The express delivery market research report is one of a series of new reports from The Business Research Company that provides express delivery market statistics, including express delivery industry global market size, regional shares, competitors with market share, detailed express delivery market segments, market trends and opportunities, and any further data you may need to thrive in the express delivery industry. This express delivery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 observed in the historical period can be attributed to factors such as meeting customer expectations and service standards, optimizing supply chains, responding to market competition through service differentiation, innovations in last-mile delivery, and shifts 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 anticipated growth in the forecast period can be attributed to the continued expansion of e-commerce, advancements in last-mile delivery solutions, an increase in same-day and instant delivery services, and the growing demand for sustainable practices in logistics. Major trends expected in the forecast period include a competitive market landscape, dynamic shifts in consumer preferences, the impact of globalization and cross-border trade, increasing environmental concerns, and the influence of urbanization and population density on delivery services.
The express delivery market is experiencing significant growth, largely attributed to the rapid expansion of the e-commerce industry. E-commerce involves the online buying and selling of goods and services. Express delivery services in the e-commerce sector contribute to improving both the quality and speed of deliveries. For instance, as per the India Brand Equity Foundation, India's e-commerce industry is projected to reach USD 111 billion by 2024 and is expected to further rise to USD 200 billion by 2026. In the U.S., the Department of Commerce reports a notable increase in e-commerce sales, reaching $265.9 billion in the third quarter of 2022, reflecting a 9.1% growth from the same quarter in 2021. Hence, the swift expansion of the e-commerce industry is anticipated to drive the continued growth of the express delivery market.
The express delivery market is poised for growth, driven by the rapid expansion of international trade in the coming years. International trade involves the exchange of products, services, and money across national borders, fostering economic cooperation and specialization as countries engage in buying and selling goods and services. Express delivery plays a pivotal role in facilitating and supporting global commerce by providing faster shipment times compared to traditional methods such as sea freight. This makes express delivery ideal for time-sensitive goods, urgent documents, and high-value items. For example, in June 2023, according to the Australian Bureau of Statistics, total goods and services exports increased by $149,786 million (29%) to reach $668,940 million. Concurrently, total imports of goods and services grew by $127,754 million (33%) to reach $513,210 million. Hence, the rapid growth in international trade stands as a driving force for the express delivery market.
The adoption of technological advancements has become a prominent trend in the express delivery market. Major companies within express delivery are actively incorporating advanced technologies to enhance their market positions. As an illustration of this trend, in April 2022, EyeMyEye, an Indian eyewear business, introduced a new express delivery service for prescription eyeglasses and UV-protected sunglasses.
Major companies in the express delivery market are focusing on introducing innovative services, such as express grocery delivery, to better cater to the evolving needs of their customers. Express grocery delivery involves delivering essential food and household items to consumers' doorsteps quickly and conveniently when ordered through an online platform. As an example, in February 2022, DoorDash, Inc., a US-based company operating an online meal ordering and delivery platform, collaborated with Albertsons Companies, Inc., a US-based grocery store company, to launch express grocery delivery services. This innovative service aims to provide customers with faster and more convenient delivery of fresh products within 30 minutes. The launch covers over 20 major cities in the United States, including Denver, Los Angeles, and Seattle. Customers can now order express grocery delivery from Albertsons Cos. banner stores such as Vons, Safeway, Jewel-Osco, ACME Markets, and Tom Thumb through the DoorDash marketplace. Albertsons Cos. is offering a selection of over 6,000 products for nationwide rapid grocery delivery, including fresh produce, dairy items, eggs, snacks, packaged foods, and frozen meals.
In May 2021, Tata Digital, an Indian IT service management company, acquired a 64% stake in BigBasket for $219 million. This strategic move positions Tata Digital to leverage BigBasket's capabilities to build a comprehensive consumer digital ecosystem. BigBasket, an Indian e-grocer, specializes in providing express delivery services.
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., Bollore 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 Telegrafos, Posta Kenya, Deutsche Bahn AG
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.
The countries covered in the express delivery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The express delivery market includes revenues earned by entities by overnight shipping, 2-day air, 3-day air, priority mail express, priority mail and first-class mail. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Express Delivery Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on express delivery market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for express delivery ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The express delivery market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.