The express delivery market size is projected to reach US$ 551.8 billion by 2031 from US$ 320.6 billion in 2023. The market is expected to register a CAGR of 7.0% in 2023–2031. The rapid growth of the e-commerce industry across the globe, the rise in online sales customer base, and the adoption of express delivery across the globe are among the factors driving the express delivery market.
Express Delivery Market Analysis
The express delivery market is expected to experience considerable growth during the analyzed timeframe, owing to the rising adoption of e-commerce among the global population. The increase in the adoption of smartphones and high penetration of the internet worldwide is positively influencing the adoption of e-commerce sector across the global customer. This has also influenced businesses and companies to adopt e-selling channels or online channels to reach a higher consumer base. In addition, the internet penetration across the globe is influencing the population for adopting online purchase. Brands and e-commerce websites are highly adopting express delivery to offer better customer service by delivering parcels in less time.
Express Delivery Market Overview
The express delivery market is growing rapidly. From warehousing and order fulfillment to transportation and risk management, the logistics needs of engineering and manufacturing (E&M) companies are complex. As construction, development, and infrastructure programs are increasing worldwide, express delivery is playing a greater role in maintaining the operations and flexibility of these companies. In fact, it is the increasingly global operations in the manufacturing industry, as well as increasing development in emerging markets, that makes the rapid movement of goods so crucial. Factories need fast delivery of parts and machines so that production is not interrupted. Such a need for express delivery in the industries is projected to drive t in the coming years.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Express Delivery Market: Strategic Insights
Market Size Value in US$ 2,39,337.5 Million in 2019 Market Size Value by US$ 3,78,233.7 Million by 2027 Growth rate CAGR of 6.3% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Express Delivery Market: Strategic Insights
| Market Size Value in | US$ 2,39,337.5 Million in 2019 |
| Market Size Value by | US$ 3,78,233.7 Million by 2027 |
| Growth rate | CAGR of 6.3% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Express Delivery Market Drivers and Opportunities
Rising Investments by Companies on Same-Day Delivery of Consumer Goods
Same-day delivery ensures that the product or goods ordered by the customer is delivered within a few hours or single day, thereby ensuring satisfaction to consumers and loyalty toward the brand for many years. For instance, Amazon—the world's largest online retailer—is extensively supporting same-day delivery or express delivery and has launched the express delivery services in many cities already. However, over the last five years, several same-day delivery proponents have successfully launched new pilots or delivery services and businesses. In addition, big online retailers, including Walmart and Alibaba, made strategic initiatives to integrate same-day delivery into their business model.
Customers have been turned to turn to the online sales channels for their basic to advanced level product requirements owing to the availability of all products on the internet with real ratings, reviews, and best prices, thereby fueling the e-commerce industry growth worldwide. Competition has been increasing with the increase in demand, and customers expect their products to be delivered as early as possible. This is influencing the investment of the companies to take benefit of express delivery over its competitors. Thus, the factors mentioned above are contributing to the increased investments by companies in developing same-day delivery or instant delivery options which in turn is anticipated to drive the express delivery market growth in the coming years.
Increasing Adoption of Express Delivery Services to Offer Better Customer Experience
Large adoption of express delivery has been observed across major industries—such as food & beverages and healthcare—in all major economies worldwide. The demand from the global population to receive the items to be delivered on the same day or to be delivered maximum in a day has increased over the years. For instance, the demand for same-day deliveries from the population for groceries is about 64% of overall producys, healthcare products are 46%, specialty snacks are 42%, alcohol is 41%, and other household products are 28%. The highest adoption of express delivery service is noticed across the healthcare sector. In healthcare, proper prioritization reduces misery and saves lives. There must be access to high-tech medical devices and work around the clock all year round. It is essential to deliver critical samples and medicines on time without being tempered in the process of transportation. In the healthcare sector, high demands for quality, availability, accuracy, and cost control place similarly high expectations on logistic solutions. Thus, the factors mentioned above are likely to influence the growth of the global express delivery market during the forecast period.
Express Delivery Market Report Segmentation Analysis
Key segments that contributed to the derivation of the express delivery market analysis are destination, business type, and end-user.
- Based on destination, the express delivery market has been divided into domestic and international. The domestic segment registered the largest market share in 2023.
- Based on the business type, the express delivery market has been divided into business-to-business and business-to-consumer. The business-to-business segment held a larger market share in 2023.
- On the basis of end-users, the market has been segmented into BFSI, Automotive, Pharmaceuticals, IT and Telecom, Electronics, Retail and E-commerce, and Others. The automotive segment dominated the market in 2023.
Express Delivery Market Share Analysis by Geography
The geographic scope of the express delivery market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South America.
North America has dominated the express delivery market in 2023. The North America region includes the US, Canada, and Mexico. The growth in the e-commerce industry is opportunistic for express delivery market growth in North America. The presence of well-developed countries such as the US, Canada, and Mexico with a strong industry base, and high technology adoption is expected to drive the market growth in the coming years. The presence of fast-growing economies, rising online shopping, and increasing internet penetration are among the prime factors expected to drive the growth of the express delivery market in North America. In addition, according to the Census Bureau of the Department of Commerce, the sales of retail e-commerce industry for the year 2023 are valued at more than US$ 1.1 trillion, which in turn is expected to be the key factor in the express delivery market during the analyzed timeframe.
Express delivery market Report Scope
Express delivery market News and Recent Developments
The express delivery market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for express delivery market and strategies:
- In June 2023, Alibaba Logistics unit named Cainiao launched express service. This is aimed at improving e-commerce efficiency to facilitate sales from its e-commerce platform under the brand name Cainiao Express.
- In January 2021, Amazon.com, Inc. bought jets for succesfuly completing it 30-minute delivery dream. Amazon purchased 11 Boeing 767-300 jets for air-cargo division, mostly to get products to prime subscribers.
Express Delivery Market Report Coverage and Deliverables
The “Express Delivery Market Size and Forecast (2021–2031)” report provides a detailed market analysis of the covering below areas:
- Market size and forecast at global, regional, & country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter’s Five Forces analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Destination ; Business Type ; and End-User and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
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.
Trends and growth analysis reports related to Express Delivery Market
May 2024
Heavy Commercial Vehicle Clutch Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Distribution Channel (OEM and Aftermarket), Product (Single Plate Clutches, Multi-Plate Clutches, Diaphragm Spring Clutches, Centrifugal Clutches, and Hydraulic Clutches), Vehicle Type (Bus, Truck, Construction Equipment, and Tractors), and Geography
May 2024
Electric Vehicle Heat Pump Systems Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Propulsion Type (BEV, HEV, PHEV), Component (Evaporator, Condenser, Compressors, Others), Vehicle Type (Passenger Vehicle, Commercial Vehicle), and Geography
May 2024
Hydrogen Fuel Cell Train Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cell, and Others), Component (Hydrogen Fuel Cell Pack, Batteries, Electric Traction Motors, and Others), Rail Type (Passenger Rail, Commuter Rail, Light Rail, Trams, Freight, and Others) and Geography
May 2024
Automotive Seat Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Heated, Heated-Ventilated, Ventilated, With Massage Functions, and Others), Adjustment Type (Electrically Adjusted and Manual), Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle), and Seat Type (Front Row, Second Row, and Third Row) and Geography
May 2024
Connected Vehicle Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Technology (5G, 4G/LTE, 3G & 2G), Connectivity (Integrated, Tethered, Embedded), Application (Telematics, Infotainment, Driving assistance, Others) and Geography
May 2024
Automotive High Voltage Cable Market
Forecast to 2030 - Global Analysis by Vehicle Type [Battery Electric Vehicles (BEV), Plugin Hybrid Electric Vehicles (PHEV), and Plugin Hybrid Vehicles (PHV)], Conductor Type (Copper and Aluminum), and Core Type (Multi Core and Single Core)
May 2024
40-Ft Electric Boat Market
Forecast to 2030 - Global Analysis by Propulsion (Pure Electric, Hybrid, and Sail Electric), Battery Type (Nickel-Based, Lead-Acid, and Lithium-Ion), Application (Fishing, Recreational, and Others), Voltage Architecture (12 V, 24 V, and 48 V), and Boat Type (Trawlers, Catamarans, Yachts, Power Cruisers, and Others)
Get Free Sample For