Express Delivery Market Size Analysis, Share & Forecast to 2027

report image

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

Publication Month: Feb 2021 | Report Code: TIPRE00006798 | No. of Pages: 166 | Category: Automotive and Transportation | Status: Published

[Research Report] The express delivery market was valued at US$ 2,39,337.5 million in 2019 and it is expected to grow at a CAGR of 6.3% from 2020 to 2027.

Express delivery is the quickest method of shipping. The client pays an additional shipping fee for express delivery as the shipment will be done within 24–72 hours. The key factor driving the express delivery market is the rising adoption of e-commerce among global population. Increase in the adoption of smartphones and high penetration of internet across the world is positively influencing the adoption of e-commerce worldwide. The increasing investment by companies on same-day delivery of consumer goods is the key factors driving the growth of the express delivery market.

The express delivery market is segmented on the basis of destination, business type, end-user, and geography. Based on destination, the market is segmented into domestic and international. The domestic segment is dominating the express delivery market. Based on business type, the market is segmented into Business-to-Business (B2B) and Business-to-Consumer (B2C). The B2B segment is projected to dominate the market during the forecast period. Based on end-user, the market is segmented into BFSI, Automotive, Pharmaceuticals, IT and Telecom, Electronics, Retail and E-commerce, and others. The automotive segment accounted for the largest revenue share in 2019, whereas the retail and e-commerce segment is projected to register the fastest CAGR during the forecast period.

Same-day delivery ensures that the product ordered by the consumer is delivered within few hours, thereby ensuring customer satisfaction and loyalty toward the brand over the years. For instance, Amazon—the world's largest online retailer—is aggressively supporting same-day delivery and has launched the service in many cities already. However, over the last couple of years, several same-day delivery proponents have successfully launched new pilots and businesses. In addition, other big multichannel and online retailers, such as Walmart and Alibaba, have made strategic initiatives to integrate same-day delivery in their business model. E-commerce-savvy towns in both developed and developing countries are the key growth hubs. Customers have been compelled to turn to online platforms for their basic to advanced level requirements owing to the availability of all goods on the Internet with real-time ratings, feedback, and best prices, thereby significantly boosting the e-commerce industry worldwide. Competition has become more critical with the rise in demand, and customers expect their goods to be delivered as soon as possible. This is influencing the investment of the companies to take advantage of express delivery over its competitors. Thus, the above-mentioned factors are contributing to the increased investments by companies on developing same-day delivery or instance delivery options in their services. This, in turn, is expected to contribute to the express delivery market over the years.

Impact of COVID-19 Pandemic on Express delivery Market

With favorable government policies to boost innovation and reinforce infrastructure capabilities, North America has the highest acceptance and development rate of emerging technologies. Any impact on industries is therefore projected to have a negative influence on the region's economic development. Currently, due to the COVID-19 outbreak, the US is the world's worst affected country, thus affecting the business still across all the industries present in the region. Millions of Americans sit at home in the midst of the COVID-19 crisis thereby reducing the rate of online shopping and their demand for express delivery of the purchased item across the region. However, the healthcare industry has being utilizing the services of the express delivery companies even during the outbreak of the pandemic. But the share of services utilized by other industries stands more compared to the healthcare sector, thereby impacting the market growth negatively. However, the companies across the region are taking necessary steps to reduce the impact of losses incurred during the pandemic.

Lucrative Regions for Express delivery Market

Unsupported image type.

Get more information on this report :

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.

Destination Based Market Insights

Based on destination, the global express delivery market is segmented into international and domestic. Domestic express delivery is a fast and common service and is best suited to small and medium-sized packages. Send packages easily across the borders of the country with delivery to most business locations and post codes on the next working day. For time-sensitive and urgent parcels, this is a perfect option, with complete monitoring available to help consumers keep an eye on where their package is. For instance, DHL International GmbH., offers local express delivery services.

Express delivery Market, by Destination – 2019 and 2027

Express delivery Market, by Destination – 2019 and 2027

Get more information on this report :

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.

End-User Based Market Insights

Based on end-user, the express delivery market is segmented into BFSI, automotive, pharmaceuticals, IT and telecom, electronics, retail and ecommerce, and others. The automotive sector utilizes the express delivery services for the transportation of manufactured cars from manufacturing units to various sales points both within and outside the country borders. Various forms of transportation is used for automotive transportation such as road, rail, overseas, and air. For instance, United Carriers Company OÜ, offers express delivery services for the automotive sector. It offers a cost-effective door-to-door service to both enterprises and customers without making compromises in the service quality.

Strategic Insights

Report Coverage - Express Delivery Market
Report CoverageDetails
Market Size Value inUS$ 2,39,337.5 Million in 2019
Market Size Value byUS$ 3,78,233.7 Million by 2027
Growth rateCAGR of 6.3% from 2020-2027
Forecast Period2020-2027
Base Year2020
No. of Pages166
No. of Tables82
No. of Charts & Figures85
Historical data availableYes
Segments coveredDestination ; Business Type ; and End-User and Geography
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

Product development is one of the commonly adopted strategies by companies to expand their product portfolio. FEDEX CORPORATION; KONINKLIJKE POSTNL; SF EXPRESS (GROUP) CO. LTD; UNITED PARCEL SERVICE OF AMERICA, INC.; and DHL INTERNATIONAL GMBH are among the key players implementing strategies to enlarge the customer base and gain significant share in the express delivery market, which in turn permits them to maintain their brand name in the global market.

Report Spotlights

  • Progressive industry trends in the global express delivery market that help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the global express delivery market from 2018 to 2027
  • Estimation of global express delivery demand across various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the market competition and global demand
  • Market trends and outlook, coupled with factors driving and restraining the growth of the global market
  • Decision-making process by understanding strategies that underpin commercial interest with regard to global express delivery market growth
  • Global express delivery market size at various nodes of market
  • Detailed overview and segmentation of the global express delivery market, as well as its dynamics in the industry
  • The global express delivery market size in various regions with promising growth opportunities

Express delivery Market Segmentation:

By Destination

    • Domestic
    • International

By Business Type

    • B2B
    • B2C

By End-User

    • BFSI
    • Automotive
    • Pharmaceuticals
    • IT and Telecom
    • Electronics
    • Retail and Ecommerce
    • Others

Company Profiles

  • AFTERSHIP LTD
  • ARAMEX INTERNATIONAL LLC
  • DHL INTERNATIONAL GMBH
  • FEDEX CORPORATION
  • KONINKLIJKE POSTNL
  • POSTE ITALIANE.
  • SF EXPRESS (GROUP) CO. LTD.
  • TNT HOLDINGS B.V
  • UNITED PARCEL SERVICE OF AMERICA, INC.
  • USPS

Frequently Asked Questions

Increase in adoption of smartphones and high penetration of Internet across the globe 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.
Domestic express delivery, best suited to small and medium-sized packages, is a fast and common service. Send packages easily inside the boundaries of the country with delivery to most postcodes and business locations on the next working day. For time-sensitive and urgent parcels, this is a perfect option, with complete monitoring available to help consumers keep an eye on where their package is. For instance, DHL International GmbH., offers local express delivery services. The services offered by the ranges from emergency same day deliveries to guaranteed next day delivery thereby, offering customers enough options to select the best service suited to their requirement. Some of the other players offering domestic express delivery services are Delhivery Pvt Ltd, DTDC Express Limited, Blue Dart Express Limited and FedEx amongst others.
The integration of technologies, such as RFID and tags, for better handling of cargoes and parcels and avoiding human errors is expected to influence the growth of express delivery market in the near future. Rising investments by courier companies to integrate technological solutions is fueling the adoption of such technologies. For instance, over the past 37 years, Larson Express has invested money in cutting-edge equipment and applications. This investment ensures that in today's industry, they have the latest and best technologies available.Thus, the above-mentioned factors are expected to influence the growth of the express delivery market over the forecast period.

The List of Companies - Express Delivery Market

  1. AFTERSHIP LTD
  2. ARAMEX INTERNATIONAL LLC
  3. DHL INTERNATIONAL GMBH
  4. FEDEX CORPORATION
  5. KONINKLIJKE POSTNL
  6. POSTE ITALIANE.
  7. SF EXPRESS (GROUP) CO. LTD.
  8. TNT HOLDINGS B.V
  9. UNITED PARCEL SERVICE OF AMERICA, INC
  10. USPS
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global express delivery market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global express delivery market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
TIPRE00006798
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Get the Latest COVID-19 Analysis on this market


Have a Question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Speak to Analyst
Pricing
  • $3000
  • $4550
  • $6550
  • $8550

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

    Inquire for Discount