Express Delivery Market is Booming Worldwide Scrutinized in New Research

Express Delivery Market to 2027 – COVID-19 Impact, and Global Analysis and Forecast – by Destination (Domestic, International); Business Type (Business-to-Business, Business-to-Consumer); End-User (BFSI, Automotive, Pharmaceuticals, IT and Telecom, Electronics, Retail and E-commerce, Others ), and Geography.

The express delivery market was valued at US$ 2,39,337.5 million in 2019 and is projected to reach US$ 3,78,233.7 million by 2027; it is expected to grow at a CAGR of 6.3% from 2020 to 2027. High adoption of express delivery has been observed across major essential sectors—such as food beverages and healthcare—in all major economies worldwide. The demand from global population to receive the items to be delivered in the same day or to be delivered maximum in a day’s time has increased over the years. For instance, the demand for same day deliveries from the population for groceries is about 64%, healthcare products is 46%, specialty snacks is 42%, alcohol is 41%, and other household products is 28%. The highest adoption is noticed across the healthcare sector. In healthcare, proper prioritization reduces misery and saves lives. There must be access to high-tech medical devices and work around the clock, all year round. DHL INTERNATIONAL GMBH; FEDEX CORPORATION; POSTE ITALIANE; TNT HOLDINGS B.V.; and UNITED PARCEL SERVICE OF AMERICA, INC are among the express delivery providers offering products integrated with innovative features.

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The APAC express delivery market is expected to witness a tremendous growth during the forecast period. The adoption of advanced and innovative technologies across the region is high. The deployment of express delivery services has increased in Asian countries due to investments by the governments and various initiatives for the development of the retail and e-commerce industry. Asia is referred to as the global economy's growth engine with countries, such as China, India, Japan, and Singapore. Several manufacturing industries for automotive, pharmaceuticals, and retail sectors have enhanced the acceptance of advanced technologies across these sectors. The continuous development in the economy and rapid digitalization, rise in education awareness, increase in incomes of the middle class, and adequate government support are factors that have ensured a smooth transition of the developing economies from the developing stage toward a developed stage.

In APAC, the fastest-growing e-commerce markets are India and China. Consumers in these countries are positively inclined toward online shopping. Owing to rising internet penetration, online shopping trends are transforming several areas of e-commerce in the region. With the right technology and logistics, it is easy to provide online shopping and delivery to customers, even in rural areas. Asia-Pacific is the fastest-growing region globally for the freight and logistics sector. This is due to the increasing growth in the logistics sector in the ASEAN countries and the presence of big economies, such as China. Besides, increasing government support for the region's logistics sector is also a factor boosting growth of the express delivery market.

Lucrative Regions for Express delivery Market

Market Insights

Rising Adoption of E-Commerce Among Global Population

Increase in adoption of smartphones and high penetration of Internet across the world is positively influencing the adoption of e-commerce across the global population. This has also influenced businesses to adopt online selling channels to reach a higher customer base. For instance, according to GSMA, the top countries with the highest percentage of smartphone users are China (63.4%), India (31.8%), the US (81.6%), Indonesia (58.6%), Brazil (51.4%), Russia (68.5%), Japan (59.9%), Mexico (54.4%), Germany (77.9%), and Vietnam (63.1%). Additionally, the Internet penetration across these countries is influencing the population to adopt online buying. Express delivery is being highly adopted by brands and e-commerce websites to offer better customer service by delivering parcels in less time. Due to increase in Internet penetration and online shopping, B2C e-commerce in the globe is witnessing growth. For example, the US B2C e-commerce industry contributed about 10% of total retail revenue in 2019.

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Express delivery Market, by Destination – 2019 and 2027

Business Type Based Market Insights

Based on business type, the express delivery market is segmented into B2B and B2C. Business-to-business express delivery refers to delivering packages couriers and other important documents or products of businesses to other enterprises. Express delivery is highly adopted by businesses to courier products such as documents on urgent basis to their client companies in order to maintain continuous and smooth daily business processes. Documents include important papers such as legal and financial documents, which surges the demand for instance or same day delivery to the other organization in order to minimize any risk of misplacement, which may cause severe losses to both the companies.

Express delivery Market Segmentation:

By Destination