What Has Been the Growth Trajectory for the Express Delivery Market in Recent Years?
The express delivery market has seen considerable growth due to a variety of factors.
• In the past few years, the express delivery market has seen substantial growth. It is projected to increase from $324.79 billion in 2024 to $351.43 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.2%.
This growth during the historic period is due to factors such as customer expectations and service standards, improvements in supply chain, market rivalry and service diversity, innovations in last-mile delivery, and changes in consumer behavior.
What Is The Forecast For The Express Delivery Market By 2029?
The express delivery market is expected to maintain its strong growth trajectory in upcoming years.
• The estimated expansion for the express delivery market is projected to be substantial over the coming years, growing to a size of $500.7 billion in 2029 with a CAGR of 9.3%.
This growth during the forecast period can be credited to the continuous expansion of e-commerce, improvements in last-mile delivery solutions, and the surge in demand for same-day and immediate deliveries, coupled with a need for environmentally friendly practices. Key trends expected to influence the market during this period include a competitive market environment, changing consumer tastes, globalization and international trade, environmental issues, and the impact of urbanization and population density.
Which Key Drivers Are Propelling Th Express Delivery Market's Growth?
The swift expansion of the e-commerce sector is playing a significant role in the advancement of the express delivery marketplace. E-commerce refers to the digital buying and selling of products and services. It enhances both the efficiency and speed of delivery in e-commerce. For example, the India Brand Equity Foundation estimates that by 2024, the Indian e-commerce market will reach a value of USD 111 billion, and by 2026, it will hit the mark of USD 200 billion. Furthermore, according to the U.S. Department of Commerce, there was a surge in e-commerce sales in the U.S. in the third quarter of 2022, reaching a value of $265.9 billion, marking a 9.1% rise from the third quarter of 2021. Thus, the accelerated development of the e-commerce sector is anticipated to stimulate the growth of the express delivery market in the future.
How Is The Globa Express Delivery Market Divided Into Key Segments?
The express delivery market covered in this report is segmented –
1) By Service: Online, Offline
2) By Business Model: B2B, B2C, C2C
3) By Destination: Domestic, International
4) By End User: Services, Wholesale And Retail Trade, Manufacturing, Construction, And Utilities, Other End Users
Subsegments:
1) By Online: E-Commerce Delivery Services, Same-Day Delivery Options, Mobile App-Based Delivery Services
2) By Offline: In-Store Pickup Services, Traditional Courier Services, Scheduled Delivery Services
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What Trends Are Reshaping The Express Delivery Market?
The progress in technology has increasingly become a significant trend in the express delivery industry. Various prominent companies in this sector are leveraging modern technologies to consolidate their market position. For example, in April 2022, EyeMyEye, a company that specializes in eyewear in India, introduced a novel express delivery service for prescription eyeglasses and UV-protected sunglasses.
Who Are the Key Players in the Express Delivery Market?
Major companies operating in the express delivery market include:
• 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
• Bolloré Logistics
• ZTO Express Inc.
• STO Express Co. Ltd.
• PostNord AB
• 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 Telégrafos
• Posta Kenya
What are the Regional Insights into the Express Delivery Market?
Asia-Pacific was the largest region in the express delivery market in 2024. 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.
