Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the express delivery market provides in-depth analysis
of segments and sub-segments in the global as well as the regional express delivery
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional express delivery market over the short
term as well as the long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global express delivery market. According
to the report, the global express delivery market is projected to grow at a
CAGR of over 6% over the forecast period of 2022-2028.
The global express delivery market
is expected to grow from USD 280 billion in 2022 to about USD 400 billion
by 2028, at a CAGR of over 6% during the forecast period. The express industry
is a fast-growing sector, outpacing world GDP as the industry serves the
increasing need for rapid, guaranteed delivery across an increasingly global
market. The express delivery market contributes to the companies’ success in
international trade. Moreover, it helps to facilitate foreign direct investment
in countries; overcoming weaknesses in their transport infrastructures and
allowing efficient networking with multinationals’ operations in other parts of
the world. The business of the express delivery industry is the provision of
value-added, door-to-door transport and deliveries of next-day or time-definite
shipments, including documents, parcels, and merchandise goods. This sector
witnessed high growth due to off-shoring/outsourcing, and demand for value-added
logistics.
The inclination toward online
services owing to the rise in usage of smartphone devices has resulted in the
growth of trade through online portals. This is driving the global express
delivery industry. Moreover, companies are investing significantly in express
delivery services. This will provide a significant growth opportunity for the
market. Express delivery services evolved from solely delivering parcels and
documents, which were high-value low-weight items, to now also providing delivery
services for specialized items such as high-tech products and general
airfreight commodities. Express vendors are increasingly providing more
value-added services to customers to enhance the delivery process. The regular
users of express delivery services in the global context are mainly
knowledge-based and high-tech industries like financial services, automotive,
IT, telecom, pharmaceuticals, etc. However, recent times have witnessed the
emergence of e-commerce as large customers of the express industry.
Urbanization and increased disposable income have led to rapid growth in the
e-commerce industry. The increase in trade on online portals has driven the
growth of the global express industry. However, this growth is also expected to
put pricing pressure on logistics players as e-retailers continue to search for
ways to reduce their logistics expenses as volume pickup, thereby increasing
the focus on leveraging the benefits of economies of scale.
During the COVID-19 pandemic,
there has been a growth in demand for healthcare and FMCG goods such as medical
supplies, gloves, sanitizers, immunizations, and perishable food items, which
has fueled the growth of the express delivery market. The growing adoption of
smartphones and high penetration of the Internet across the world is driving the
adoption of e-commerce across the global population. This has provided a
significant growth opportunity for businesses to adopt online selling
channels to reach a higher customer base. Furthermore, the rapid urbanization
and rise in disposable income of consumers are driving the e-commerce industry.
North America holds a significant
market share in the express delivery market. The growing online food and
medicine delivery is driving the demand for express delivery in the region.
Furthermore, the rising urban population, lack of domestic assistance, and busy
lifestyles are constantly demanding the express food and medicine delivery
option in the region. Moreover, the high living standards of individuals
continue to spur the demand for express online food and medicine delivery
services in the region. The Asia-Pacific domestic and international markets for
express services have significant scope for further expansion as companies
increasingly adopt best international business practices with regard to
time-definite, guaranteed delivery.
The report on the global express
delivery market covers segments such as application, end use, and destination.
On the basis of application, the sub-markets include B2B, and B2C. On the basis
of end use, the sub-markets include e-commerce platform, document service, and
others. On the basis of destination, the sub-markets include domestics, and
international.
The report provides profiles of
the companies in the market such as Aramex International Llc, Aftership Ltd,
Fedex Corporation, DHL International Gmbh, United Parcel Service of America,
Inc, Koninklijke Postnl, Tnt Holdings B.V, Schenker AG, Express Mail Service,
and YTO Express Group Co.
The report provides deep insights
into demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the express delivery market. Moreover, the study highlights current
market trends and provides forecast from 2022-2028. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.
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