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.
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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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Destination, Business Type, and End-user
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Express Delivery Market – By Destination
1.3.2 Express Delivery Market – By Business Type
1.3.3 Express Delivery Market – By End-User
1.3.4 Express Delivery Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Express Delivery Market Landscape
4.1 Market Overview
4.2 Asia Pacific PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific Express Delivery Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Improved Adoption of E-Commerce Among the Population
5.1.2 Expanding Investments by Companies on Same-Day Delivery of Consumer Goods
5.2 Market Restraints
5.2.1 High Cost Associated with Express Delivery
5.3 Market Opportunities
5.3.1 Utilisation of Technology in Express Delivery Operations
5.4 Future Trends
5.4.1 Increasing Adoption of Express Delivery to Offer Better Customer Experience
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Express Delivery – Market Analysis
6.1 Asia Pacific Express Delivery Market Overview
6.2 Asia Pacific Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
7. Asia Pacific Express Delivery Market Analysis – By Destination
7.1 Overview
7.2 Asia Pacific Express Delivery Market, by Destination (2019 and 2027)
7.3 Domestic
7.3.1 Overview
7.3.2 Domestic: Asia Pacific Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
7.4 International
7.4.1 Overview
7.4.2 International: Asia Pacific Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
8. Asia Pacific Express Delivery Market Analysis – By Business Type
8.1 Overview
8.2 Asia Pacific Express Delivery Market, by Business Type (2019 and 2027)
8.3 Business-to-Business
8.3.1 Overview
8.3.2 Business-to-Business: Asia Pacific Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Business-to-Consumer
8.4.1 Overview
8.4.2 Business-to-Consumer: Asia Pacific Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
9. Asia Pacific Express Delivery Market Analysis – By End User
9.1 Overview
9.2 Express Delivery Market, by End-User (2019 and 2027)
9.3 BFSI
9.3.1 Overview
9.3.2 BFSI: Asia Pacific Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Pharmaceuticals
9.5.1 Overview
9.5.2 Pharmaceuticals: Asia Pacific Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
9.6 IT and Telecom
9.6.1 Overview
9.6.2 IT and Telecom: Asia Pacific Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
9.7 Electronics
9.7.1 Overview
9.7.2 Electronics: Asia Pacific Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
9.8 Retail and Ecommerce
9.8.1 Overview
9.8.2 Retail and Ecommerce: Asia Pacific Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
9.9 Others
9.9.1 Overview
9.9.2 Others: Asia Pacific Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
10. Asia Pacific Express Delivery Market – Country Analysis
10.1 Overview
10.1.1 Asia Pacific: Express Delivery Market, By Country
10.1.1.1 Australia: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Australia: Express Delivery Market, By Destination
10.1.1.1.2 Australia: Express Delivery Market, By Business Type
10.1.1.1.3 Australia: Express Delivery Market, By End-User
10.1.1.2 China: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 China: Express Delivery Market, By Destination
10.1.1.2.2 China: Express Delivery Market, By Business Type
10.1.1.2.3 China: Express Delivery Market, By End-User
10.1.1.3 India: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 India: Express Delivery Market, By Destination
10.1.1.3.2 India: Express Delivery Market, By Business Type
10.1.1.3.3 India: Express Delivery Market, By End-User
10.1.1.4 Japan: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 Japan: Express Delivery Market, By Destination
10.1.1.4.2 Japan: Express Delivery Market, By Business Type
10.1.1.4.3 Japan: Express Delivery Market, By End-User
10.1.1.5 South Korea: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 South Korea: Express Delivery Market, By Destination
10.1.1.5.2 South Korea: Express Delivery Market, By Business Type
10.1.1.5.3 South Korea: Express Delivery Market, By End-User
10.1.1.6 Rest of Asia Pacific: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of APAC: Express Delivery Market, By Destination
10.1.1.6.2 Rest of APAC: Express Delivery Market, By Business Type
10.1.1.6.3 Rest of APAC: Express Delivery Market, By End-User
11. Impact of COVID-19 Pandemic on Asia Pacific Express Delivery Market
11.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 FedEx Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 SF Express (Group) Co. Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Aramex
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 TNT Holdings B.V.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 United Parcel Service of America, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 DHL International GmbH
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Amazon.com, Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Delhivery Private Limited
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Australia Express Delivery Market, By Destination– Revenue and Forecast to 2027 (US$ Million)
Table 2. Australia Express Delivery Market, By Business Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. Australia Express Delivery Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 4. China Express Delivery Market, By Destination– Revenue and Forecast to 2027 (US$ Million)
Table 5. China Express Delivery Market, By Business Type – Revenue and Forecast to 2027 (US$ Million)
Table 6. China Express Delivery Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 7. India Express Delivery Market, By Destination– Revenue and Forecast to 2027 (US$ Million)
Table 8. India Express Delivery Market, By Business Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. India Express Delivery Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 10. Japan Express Delivery Market, By Destination– Revenue and Forecast to 2027 (US$ Million)
Table 11. Japan Express Delivery Market, By Business Type – Revenue and Forecast to 2027 (US$ Million)
Table 12. Japan Express Delivery Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 13. South Korea Express Delivery Market, By Destination– Revenue and Forecast to 2027 (US$ Million)
Table 14. South Korea Express Delivery Market, By Business Type – Revenue and Forecast to 2027 (US$ Million)
Table 15. South Korea Express Delivery Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 16. Rest of APAC Express Delivery Market, By Destination– Revenue and Forecast to 2027 (US$ Million)
Table 17. Rest of APAC Express Delivery Market, By Business Type – Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of APAC Express Delivery Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
LIST OF FIGURES
Figure 1. Asia Pacific Express Delivery Market Segmentation
Figure 2. Asia Pacific Express Delivery Market Segmentation – By Country
Figure 3. Asia Pacific Express Delivery Market - Market Overview
Figure 4. Asia Pacific Express Delivery Market, by Destination
Figure 5. Asia Pacific Express Delivery Market, by Business Type
Figure 6. Asia Pacific Express Delivery Market, by End-User
Figure 7. Asia Pacific Express Delivery Market, by Country
Figure 8. APAC: PEST Analysis
Figure 9. Expert Opinion
Figure 10. Express Delivery Market Impact Analysis of Drivers and Restraints
Figure 11. APAC: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. APAC: Express Delivery Market Revenue Share, By Destination (2019 and 2027)
Figure 13. Domestic: APAC Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. International: APAC Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. APAC: Express Delivery Market Revenue Share, By Destination (2019 and 2027)
Figure 16. Business-to-Business: APAC Express Delivery – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Business-to-Consumer: APAC Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. APAC: Express Delivery Market Revenue Share, By End-User (2019 and 2027)
Figure 19. BFSI: APAC Express Delivery – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Automotive: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Pharmaceuticals: APAC Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. IT and Telecom: APAC Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Electronics: APAC Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Retail and Ecommerce: APAC Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Others: APAC Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Asia Express Delivery Market
Figure 27. APAC: Express Delivery Market Revenue Share, By Country (2019 and 2027)
Figure 28. Australia: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. China: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. India: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Japan: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. South Korea: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Rest of APAC: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- 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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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