Express Delivery Market to Reach $484.3 Billion, Globally, by 2030 at 6.4% CAGR: Allied Market Research

Portland, ore.And January 13, 2022 /PRNewswire/ – Allied Market Research has published a report titled, express delivery market By application (B2B and B2C), end use (e-commerce platform, document service etc.) and destination (domestic and international): Global Opportunity Analysis and Industry Forecast, 2021-2030According to the report, the global express delivery industry has emerged $262.8 billion In 2020, it is expected to generate $484.3 billion By 2030, we could see a compound annual growth rate of 6.4% from 2021 to 2030.

basic determinants of growth

The growing e-commerce industry along with rising B2C deliveries and rapid growth in international trade services is driving the growth of the global express delivery market. However, lack of infrastructure and high operating costs are hampering market growth. On the other hand, the rise in technological advancement in delivery services and the emergence of last-stage deliveries with technological advancements in delivery vehicles provides new opportunities in the coming years.

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Covid-19 scenario

  • The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global express delivery market, due to the implementation of the global lockdown.
  • On the other hand, the epidemic has accelerated the growth of e-commerce parcels due to the increase in the number of people shopping at home, which in turn has promoted the growth of the global express delivery market to some extent, thus providing a completely mixed effect for the industry.
  • This trend is likely to continue in the post-COVID era as well.

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the B2C sector to maintain its leadership position throughout the forecast period

Based on application, the B2C segment held the highest market share in 2020, accounting for nearly two-thirds of the global express delivery market, and is estimated to maintain its leadership position throughout the forecast period. This is attributed to the increasing desire of consumers to purchase from e-commerce platforms. Moreover, the B2B sector is expected to show the highest compound annual growth rate of 7.2% from 2021 to 2030, due to factors such as the emergence of the online B2B e-commerce platform, the rise in trade of products and goods between different organizations and the growing demand for the same – delivery services during Today’s business customers.

maids The clip to maintain its leading position during the forecast period

Based on destination, the home segment accounted for the largest share in 2020, contributing more than half of the global express delivery market, and is expected to maintain its leading position during the forecast period. This is due to the significant growth of the e-commerce industry along with increasing consumer preference for same-day delivery option and increased traffic of domestic mail, emails and parcel service. However, the international sector is expected to exhibit the largest compound annual growth rate of 7.0% from 2021 to 2030, due to the increase in cross-border express delivery services for documents and parcels and the development of cross-border trade channels.

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Asia Pacific, followed by Europeand LAMEA and & North America, to maintain its dominance by 2030

based on the area, Asia Pacific, followed by Europeand LAMEA and & North America, which had the highest market share by revenue for 2020, capturing more than two-fifths of the global express delivery market. This is attributable to rising e-commerce, high population growth, rising disposable income and living standards, high government support for logistics infrastructure development and growth in international trade Moreover, LAMEA is expected to experience the fastest compound annual growth rate of 8.4% during the forecast period, due to an increase in Demand for express transportation services, economic development, increased customer demand for same-day deliveries fueled by the growth of e-commerce, and an increase in the number of new startups.

Leading market players

  • Aramex
  • best company
  • DB Schenker
  • Deutsche Post AG (DHL Group)
  • DSV (DSV PANALPINA)
  • FedEx
  • Geodes
  • SF Express
  • United Parcel Service, Inc. (UPS)
  • YTO Express Group Co.

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pawan kumar, CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional institutional relationships with many companies and this helps us extract market data that helps us in creating accurate research spreadsheets and assures the utmost accuracy in our market forecasts. All the data presented in the reports published by us are extracted through preliminary interviews with senior officials from the leading companies in the respective field. Our secondary data acquisition methodology includes in-depth online and offline research and discussions with industry knowledgeable professionals and analysts.

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