The Parcel Delivery Vehicle Global Market Report 2023, provides comprehensive information on the parcel delivery vehicle market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Parcel Delivery Vehicle Global Market Report 2023, 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%.
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Product innovation is a key trend gaining popularity in the parcel delivery vehicle market. Major companies operating in the parcel delivery vehicle market are focused on introducing innovative products and solutions to sustain their positions in the market. For instance, in December 2022, LOXO, a Switzerland-based autonomous vehicle and services company, launched LOXO Alpha, an innovative and unique autonomous delivery vehicle. LOXO Alpha is simply a small, electrically powered box with compartments for parcels that drives itself using a variety of sensors. It has distinctive radar systems, a lidar, sonar, a camera, and robust algorithms. It results in a 360-degree field of view that identifies people, objects, and ensures optimal safety. It is said to have no carbon footprint and offers several other advantages, such as reduced delivery expenses for companies and lower shipping costs for consumers.
The parcel delivery vehicle market is segmented:
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
North America was the largest region in the parcel delivery vehicle market in 2022.
The table of contents in TBRC’s parcel delivery vehicle market report includes:
1. Executive Summary
2. Parcel Delivery Vehicle Market Characteristics
3. Parcel Delivery Vehicle Market Trends And Strategies
4. Parcel Delivery Vehicle Market – Macro Economic Scenario
5. Global Parcel Delivery Vehicle Market Size and Growth
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26. South America Parcel Delivery Vehicle Market
27. Brazil Parcel Delivery Vehicle Market
28. Middle East Parcel Delivery Vehicle Market
29. Africa Parcel Delivery Vehicle Market
30. Parcel Delivery Vehicle Market Competitive Landscape And Company Profiles
Top Major Players:
- Toyota Motor Corporation
- Ashok Leyland
- Daimler AG
- Ford Motor Company
- General Motors
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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