Express Delivery Market Size and Forecast 2024-2033|Deutsche Post AG, United Parcel Service Inc., FedEx Corporation, United States Postal Service, Shanghai YTO Express Co. Ltd

The Express Delivery Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Express Delivery Global Market Report 2024, The express delivery market size has grown strongly in recent years. It will grow from $304.17 billion in 2023 to $330.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. 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 $460 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. 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.

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.

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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

Major companies operating in the express delivery market are focusing on innovative products, such as express grocery delivery, to better meet the needs of their existing consumers. Express grocery delivery is a service that delivers necessary food and home supplies to the consumer’s door in a timely and convenient manner when ordered through an online platform. For instance, in February 2022, DoorDash, Inc., a US-based firm that runs an online meal ordering and delivery platform in partnership with Albertsons Companies, Inc., a US-based grocery store company, launched express grocery delivery services. Express grocery delivery is an innovative service that provides customers with a quicker and easier delivery of fresh goods in less than 30 minutes. As part of this launch, customers in more than 20 major cities across the United States, including Denver, Los Angeles, and Seattle, are now able to order express grocery delivery from Albertsons Cos. banner stores such as Vons, Safeway, Jewel-Osco, ACME Markets, and Tom Thumb in less than 30 minutes through the DoorDash marketplace. Albertsons Cos. will provide over 6,000 products for rapid grocery delivery nationwide, including fresh fruit, dairy, and eggs, as well as snacks, packaged foods, and frozen meals.

The express delivery market report table of contents includes:

1. Executive Summary

2. Express Delivery Market Characteristics

3. Express Delivery Market Trends And Strategies

4. Express Delivery Market – Macro Economic Scenario

5. Global Express Delivery Market Size and Growth

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26. South America Express Delivery Market

27. Brazil Express Delivery Market

28. Middle East Express Delivery Market

29. Africa Express Delivery Market

30. Express Delivery Market Competitive Landscape And Company Profiles

Top Major Players:

• Deutsche Post AG
• United Parcel Service Inc
• FedEx Corporation
• United States Postal Service
• Shanghai YTO Express Co. Ltd
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