What are the latest figures on the express delivery market’s size and projected CAGR?
The express delivery market size has grown strongly in recent years. It will grow from $324.79 billion in 2024 to $351.43 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to customer expectations and service standards, supply chain optimization, market competition and service differentiation, last-mile innovations, shift in consumer behavior.
The express delivery market size is expected to see strong growth in the next few years. It will grow to $500.7 billion in 2029 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to continued e-commerce growth, advancements in last-mile delivery solutions, rise in same-day and instant delivery, demand for sustainable practices. Major trends in the forecast period include competitive market landscape, dynamic consumer preferences, globalization and cross-border trade, environmental concern, urbanization and population density.
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How have varous drivers impacted the growth of the express delivery market?
The rapid growth of the e-commerce industry is significantly contributing to the growth of the express delivery market. E-commerce is described as the online sale and purchase of goods and services. Express delivery in e-commerce helps to increase both the quality and the speed with which things are delivered. For instance, according to the India Brand Equity Foundation, by 2024, India’s e-commerce business is predicted to be worth USD 111 billion, and by 2026, it will be worth USD 200 billion. In addition, according to U.S. Department of Commerce, e-commerce sales in the U.S. jumped to$265.9 billion in the third quarter 2022, which as in increase of 9.1% from third quarter 2021. Therefore, the rapid growth of the e-commerce industry is expected to propel the growth of the express delivery market going forward.
What are the primary segments of the express delivery market?
The express delivery market covered in this report is segmented –
1) By Service: Online, Offline
2) By Business Model: B2B, B2C, C2C
3) By Destination: Domestic, International
4) By End User: Services, Wholesale And Retail Trade, Manufacturing, Construction, And Utilities, Other End Users
Subsegments:
1) By Online: E-Commerce Delivery Services, Same-Day Delivery Options, Mobile App-Based Delivery Services
2) By Offline: In-Store Pickup Services, Traditional Courier Services, Scheduled Delivery Services
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Which firms are leading the express delivery market?
Major companies operating in the express delivery market include Deutsche Post AG, United Parcel Service Inc., FedEx Corporation, United States Postal Service, Shanghai YTO Express Co. Ltd., La Poste Group, SF Holding Co. Ltd., DSV Panalpina A/S, Emirates Post Group, C.H. Robinson Worldwide Inc., Nippon Express Co. Ltd., Geodis SA, Bolloré Logistics, ZTO Express Inc., STO Express Co. Ltd., PostNord AB, BEST Inc., LaserShip Inc., Spee-Dee Delivery Service Inc., Aramex PJSC, Pos Malaysia Berhad, Lone Star Overnight, La Poste SA, CEVA Logistics AG, Kerry Logistics Network Limited, Yamato Holdings Co. Ltd., Empresa Brasileira de Correios e Telégrafos, Posta Kenya
How will industry trends affect the trajectory of the express delivery market?
Technological advancements have emerged as a key trend gaining popularity in the express delivery market. Major companies operating in express delivery are focused on adopting advanced technologies to strengthen their position in the market. For instance, in April 2022, EyeMyEye, an Indian Eyewear business, launched a new express delivery service for prescription eyeglass and UV protected sunglasses.
Which geographic trends are shaping the express delivery market, and which region has the highest market share?
The countries covered in the express delivery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Express Delivery Market Report 2025 Offer?
The express delivery market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
The express delivery provides the fastest form of shipping. Express delivery services assemble, transport, and distribute products in a timely manner while tracking and maintaining control of the goods along the service’s supply chain.
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