Express Delivery Market Scope
Express delivery services are meant to deliver shipments in minimum possible time duration. The core objective of these services is to provide value added, door to door transport and shipments on stipulated time including parcels, documents and merchandise goods. Rising e-commerce market and urbanization offer great potential for retailers and logistics. The express logistic is going through massive change owing to need for time bound delivery services to supplement trade growth. Express delivery accounted for the “Business Class” of cargo services. In terms of region Asia Pacific accounted for the largest market share in this industry due to the increasing population in this region. In term of economic condition express delivery also directly supports 1.25 million jobs, more than the petroleum refinery industry.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | UPS (United States), FedEx (United States), DHL (Germany), United States Postal Service (United States), DEPPON LOGISTICS Co Ltd (China), KY Express (China), SF Express (China), EMS (Switzerland), YTO Express (China) and STO Express (China) |
CAGR | % |
Key players are more prepared than small and medium enterprises to tackle United States - China trade war. DHL Express US chief executive stated that "big question mark over the longer term impact of higher tariffs on the key trade lane, but it appears that big business is adapting while smaller companies are finding it tougher to pass on the extra costs." Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Express Delivery market throughout the predicted period.
UPS (United States), FedEx (United States), DHL (Germany), United States Postal Service (United States), DEPPON LOGISTICS Co Ltd (China), KY Express (China), SF Express (China), EMS (Switzerland), YTO Express (China) and STO Express (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are A-1 Express Delivery Service (United States), USA Couriers (United States), TForceFinalMile (United States), American Expediting (United States), Aramex (United States), Deliv (United States), LaserShip (United States), NAPAREX (United States) and Yodel (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Express Delivery market by Type and Region with country level break-up.
On the basis of geography, the market of Express Delivery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2023, UPS and Deutsche Post DHL announced a strategic partnership to collaborate on cross-border e-commerce deliveries, leveraging each other's strengths and networks.
In September 2023, FedEx announced the launch of its "Delivery Optimization Platform," a new AI-powered system to optimize delivery routes and improve efficiency.
Rules regarding express delivery differ in each country. China alone accounts for almost 40 % of total market share. Recently, in July 2018, in state council executive meeting in China, it was states that "Service providers should standardize their operations from when delivery men collect, transport, convey and deliver items. Meanwhile, private information must be stringently protected, as no information apart from names, addresses and phone numbers should be required, according to the regulation.
Influencing Trend:
Rising Demand in Medical and Emergency Healthcare Sectors and Use of IT-enabled Technology in Express Delivery Services Such as GPS Tracking, 2-D Bar Coding and Online Tracking
Market Growth Drivers:
Growth in E-commerce Market, High Demand for Cost Effective Shipping Solution and Enhanced Services Offering with Additional Features, Such as Real –Time Monitoring, Return Management and Delivery Guarantee
Challenges:
Stringent Regulatory Guidelines by Government, Regional Disputes among Neighboring Countries and Privacy Concern Among Consumers
Restraints:
High Competition and Lack of Proper Infrastructure and Volatile Nature of Trade Activities and Slowdown in Economy
Opportunities:
Wide Adoption of Delivery by Drone Services, Rising Supply Chain and Logistic Industries, Growth in Trade Activities in Emerging Countries and Increasing Adoption Of Robotics & Automation To Drive
Key Target Audience
Banks and Financial Institutions, Supply Chain Managers and Directors, Logistics Procurement Managers, Marketing Managers, Knowledge Managers, Investors and All C-level Executives