Express Delivery Market Size Analysis, Share & Forecast to 2027

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
  • Category : Automotive and Transportation
  • Status : Published
  • No. of Pages : 166
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[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

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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

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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.

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Express Delivery Market: Strategic Insights

express-delivery-market
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
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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
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Destination ; Business Type ; and End-User and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Which factor is driving the Express Delivery market?

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.

Which destination led the Express Delivery market?

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.

What factors are providing opportunities for Express Delivery market?

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

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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