Asia Pacific Express Delivery Market Growth and Forecast by 2027

The express delivery market in Asia Pacific is expected to grow to US$ 171,472.25 million by 2027 from US$ 104,999.38 million in 2020. The market is estimated to grow at a CAGR of 7.3% from 2020 to 2027.

China, Australia, India, Japan, and South Korea are the major counties in Asia Pacific. The Utilization 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. These investments allow Larson express to offer the highest levels of service in the courier industry. Moreover, they are focused on providing their clients with the most cost-effective solutions and services. Technologies utilized by the company include computerized order entry and dispatching systems, bar code scanners, and GPS tracking technologies in its entire parcel for avoiding misplacement of the same during the transportation. Similarly, Courier Express has integrated a suite of technological tools to combine customer information, process data on real-time basis, and track and enhance delivery processes. The utilization of the technological advancements would help the company to offer an enhanced customer experience to its clients. Thus, the above-mentioned factors are expected to influence the growth of the express delivery market over the forecast period.

Due of a massive number of cases in India, the APAC region is greatly affected by COVID-19, the country also homes the largest population across the world, thereby imposing greater risk to a large number of individuals; it is also a world leader of many global brands. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has also affected other major economies outside China, such as the large India, Australia and Japan, and is experiencing downward inflation. The sudden closedown of all economic activities across all countries in the region has highly impacted the delivery industry. The closedown of manufacturing sites led to decrease in imports and exports of goods on urgent basis to any country. Additionally, the nationwide lockdown imposed across major economies of the region like Australia, India and China have impacted the ecommerce market apart from the essentials thereby, negatively impacting the express delivery market across the region. However, the healthcare sector across the region have been using the services for ensuring proper supply of drugs and other requirements across hospitals, clinics and home cares. Thus, though the healthcare sector has been using the services during the pandemic, the other industries were unable to utilize the facility thereby, impacting the market negatively during the covid-19 outbreak.

With the new features and technologies, companies can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the express delivery market. The Asia Pacific express delivery market is expected to grow at a good CAGR during the forecast period.

Asia Pacific Express Delivery Market Segmentation

Asia Pacific Express Delivery Market – By Destination

• Domestic
• International

Asia Pacific Express Delivery Market – By Business Type

• B2B
• B2C

Asia Pacific Express Delivery Market – By End-user

• Automotive
• Retail and E-commerce
• Pharmaceuticals
• BFSI
• IT and Telecom
• Electronics
• Others

Asia Pacific Express Delivery Market, by Country

• China
• Japan
• South Korea
• India
• Australia
• Rest of APAC

Asia Pacific Express Delivery Market -Companies Mentioned

• Amazon.com, Inc.
• Aramex
• Delhivery Private Limited
• DHL International GmbH
• FedEx Corporation
• SF Express (Group) Co. Ltd
• TNT Holdings B.V.
• United Parcel Service of America, Inc.

Asia Pacific Express Delivery Report Scope