The Business Research Company’s Parcel Delivery Vehicle Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Parcel Delivery Vehicle Global Market Report 2023 evaluates parcel delivery vehicle market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global parcel delivery vehicle market is expected to grow from $103.44 billion in 2022 to $112.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The parcel delivery vehicle market is expected to reach $154.8 billion in 2027 at a CAGR of 8.3%.
The rising development of e-commerce and internet shopping platforms is expected to propel the growth of the parcel delivery vehicle market going forward. E-commerce platform refers to any website that enables online purchasing and selling. Internet shopping platforms are electronic commerce that allows customers to purchase directly from sellers using a computer browser and the Internet. The rising development of E-commerce and internet shopping platforms is boosting the parcel delivery vehicle market as they are utilized in the door-to-door delivery of products ordered on e-commerce or online shopping websites. For instance, in May 2021, according to the United Nations Conference on Trade and Development, a Switzerland-based intergovernmental organization, online retail sales as a percentage of all retail sales climbed from 16% to 19% in 2020 due to the growth of e-commerce. Furthermore, in June 2022, according to an article published by Morgan Stanley, a US-based investment management and financial services company, global e-commerce increased from 15% to 21% of total retail sales from 2019 to 2021, accounting for approximately 22% of total sales. Therefore, the rising development of e-commerce and internet shopping platforms is driving the growth of the parcel delivery vehicle market.
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The parcel delivery vehicle market segments in the report are:
1) By Type: Class 2a, Class 2b, Class 3, Class 4
2) By Vehicle Type: Light Duty Vehicle, Medium Duty Vehicle, Heavy Duty Vehicle
3) By Gross Weight: 3.5-5 Ton, 6-7.5 Ton, >8 Ton
4) By Operation: Manual, Autonomous
5) By End-Use: Courier Companies, Food Delivery Companies, Fleet Management Companies, Medical Courier Companies, Warehouse Service Providers, E-Commerce
The table of contents in TBRC’s parcel delivery vehicle market report includes:
- Executive Summary
- Parcel Delivery Vehicle Market Characteristics
- Parcel Delivery Vehicle Market Trends And Strategies
- Parcel Delivery Vehicle Market – Macro Economic Scenario
- Parcel Delivery Vehicle Market Segmentation.
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- Global Parcel Delivery Vehicle Market Competitive Benchmarking
- Global Parcel Delivery Vehicle Market Competitive Dashboard
- Key Mergers And Acquisitions In The Parcel Delivery Vehicle Market
- Parcel Delivery Vehicle Market Future Outlook and Potential Analysis
- Appendix
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