What Is The Current and Historic Market Size Analysis Of The Parcel Delivery Market?
The parcel delivery market has seen considerable growth due to a variety of factors.
• The parcel delivery market has seen robust growth in recent years. It is expected to rise from $474.15 billion in 2024 to $502.57 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.0%.
This growth has been driven by the expansion of e-commerce, rising customer expectations, regulatory changes, and improvements in last-mile logistics.
What are the Market Size and Expected Growth Rates for the Parcel Delivery Market?
The parcel delivery market is expected to maintain its strong growth trajectory in upcoming years.
• The parcel delivery market is anticipated to reach $625.72 billion by 2029, growing at a CAGR of 5.6%.
This growth can be attributed to innovations in last-mile delivery, sustainability initiatives, on-demand delivery, expanding cross-border e-commerce, and regulatory changes. Key trends include real-time tracking, urban micro-warehousing, multi-carrier strategies, dynamic delivery pricing, and personalized delivery services.
Which Key Drivers Are Propelling The Parcel Delivery Market's Growth?
The swift progression of e-commerce is anticipated to fuel the advancement of the parcel delivery market in the future. E-commerce pertains to transactions conducted over the internet or other digital platforms involving the purchase and sale of goods or services. The ongoing broadening of e-commerce acceptance globally can be attributed to technological advancements, shifts in consumer tendencies, and transformation in business methodologies. Parcel delivery services play a pivotal role in e-commerce, facilitating effective order execution, broadening market accessibility, and delivering superior shopping experiences that propel growth and prosperity. For example, as per the United States Census Bureau, a government agency in the US, in February 2024, the e-commerce sales in the United States catapulted to an approximate $1,118.7 billion in 2023, signifying a 7.6% escalation in comparison to 2022. Consequently, the swift progression of e-commerce is steering the growth of the parcel delivery market.
What Are The Key Segments Within The Global Parcel Delivery Market?
The parcel delivery market covered in this report is segmented –
1) By Type: Business-To-Business (B2B), Business-To-Consumer (B2C), Other Types
2) By Destination: International, Domestic
3) By Application: Online Trading, Offline Trading
4) By End-User: Retail And Wholesale, Petroleum, Defense, Chemical, Construction, Government, Other End-Users
Subsegments:
1) By Business-To-Business (B2B): Domestic B2B Delivery, International B2B Delivery, Scheduled Deliveries, Same-Day Delivery, Express And Next-Day Delivery, Bulk Parcel Deliveries
2) By Business-To-Consumer (B2C): E-commerce Parcel Delivery, Retail Parcel Delivery, Subscription Box Deliveries, Same-Day And Next-Day Delivery, Standard And Economy Delivery, Click-And-Collect Deliveries, Returns And Reverse Logistics
3) By Other Types: Consumer-To-Consumer (C2C) Delivery, Marketplace Or Platform Parcel Delivery, Medical And Healthcare Deliveries, Food And Grocery Delivery, High-Value Or Sensitive Parcel Deliveries
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What Emerging Trends Are Influencing The Growth Of The Parcel Delivery Market?
Leading companies in the parcel delivery sector are concentrating on creating new delivery techniques like sustainable parcel delivery solutions, in response to increased customer demand for swift, eco-friendly shipping choices. Sustainable parcel delivery solutions are services that prioritize environmental sustainability and minimize carbon footprints through the use of electric cars, route optimization, and the consolidation of shipments. GoBolt, a Canadian firm specializing in tech-based logistics and delivery services, is a case in point. In September 2022, the firm introduced same-day and next-day sustainable parcel delivery services in the United States and Canada, complementing their larger item deliveries. This expansion adds value to their final-mile delivery solutions, with the use of electric vehicles and a collaboration with EcoCart to offset carbon emissions. Consequently, it provides e-commerce businesses with environmentally friendly shipping options for both small and larger parcels, fulfilling the burgeoning need for eco-conscious logistics.
Who Are the Key Players In The Parcel Delivery Market?
Major companies operating in the parcel delivery market are:
• Amazon.com Inc.
• United Parcel Service Inc.
• Deutsche Post AG
• FedEx Corporation
• Japan Post Holdings Co. Ltd.
• SF Holding Co. Ltd.
• La Poste
• Emirates Post Group Company
• Poste Italiane S.p.A.
• DPDgroup
• Hermes Europe GmbH
• International Distributions Services Plc
• Canada Post Corporation
• Toll Group Pty Ltd.
• Purolator Inc.
• General Logistics Systems B.V.
• PostNL N.V.
• Sociedad Estatal de Correos y Telégrafos S.A.
• PostNord AB
• Singapore Post Limited
• Aramex International LLC
• Omniva AS
• Shadowfax Technologies Pvt. Ltd.
• Blue Dart Express Limited
• Swiss Post Ltd
What Are The Regional Insights Into The Parcel Delivery Market?
Asia-Pacific was the largest region in the parcel delivery market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the parcel delivery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
