Global Express Delivery Market

Global Express Delivery Market Size, Share, Growth Analysis, By Service(Courier, Express and Parcel services), By End-user(E-commerce, Healthcare) - Industry Forecast 2023-2030


Report ID: SQMIG20R2034 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 62 | Figures: 75

Global Express Delivery Market Insights

Global Express Delivery Market size was valued at USD 303.91 Billion in 2022 and is poised to grow from USD 333.39 Billion in 2023 to USD 699.21 Billion by 2031, at a CAGR of 9.7% during the forecast period (2024-2031).

The global market for express delivery has grown tremendously in recent times. This is due to the rising activities in the e-commerce sector. It has resulted in a heightened demand for shipping services which are faster and more dependable. Online shopping has also transformed the market. Consumers who procure products virtually have raised the need for prompt and safe delivery services.

Some of the well-known names in the market include Amarex, Amazon Logistics, Ups, DHL, and FedEx. These industry leaders have diversified their global networks and invested in technologies to optimize their delivery processes. The advancements in technology include autonomous vehicles and drones used for sustainable and prompt deliveries.

E-commerce has emerged as the market champion. It dominates the service and end-user segments of the market. This is due to its rising popularity and convenience. The COVID-19 pandemic particularly accelerated the growth of this segment. The express delivery market sees a great potential for growth in the E-commerce segment. Regionally North America has led the market, but the APAC region and Europe are emerging quickly on the scene.

The competition in this market is fierce. E-commerce platforms, local providers, and established logistics companies make up the landscape of the market. They strive to gain market share via expansion of presence and service offerings. This heated rivalry has spurred market innovation, devising more reliable and swift delivery solutions.

Though the market is looking at a promising future with all these opportunities of growth in view, there are some threats to its potential expansion. These include complications in efficient last-mile delivery and competitive pricing. Environmental concerns are also straining the market, but it has already found ways around that problem thanks to EVs and hybrid vehicles. To conclude, the market is predicted to stay on course and enjoy a future period of growth in coming years.

Market snapshot - 2024-2031

Global Market Size

USD 303.91 Billion

Largest Segment

E-commerce

Fastest Growth

Healthcare

Growth Rate

9.7% CAGR

Global Express Delivery Market ($ Bn)
Country Share for North America Region (%)
Global Express Delivery Market Size By End-user ($ Bn)
Global Express Delivery Market Size By End-user (%)

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Global Express Delivery Market Segmental Analysis

The market is divided in a number of regions, including Europe, Asia-Pacific, North America, Latin America, and the Middle East & Africa. When splitting the market by end-user, the categories that come up are healthcare, automotive, and e-commerce, among others. If the market is divided on the basis of service type, it encompasses express, courier, and parcel services.

Analysis By Service

The leading service segment in the market is courier services. In this segment, parcels are delivered swiftly and safely. This segment usually serves B2B and B2C businesses and needs. This segment is the very backbone of the overall market. This is because it offers fast, dependable, and efficient delivery solutions.

Online shopping has bolstered the e-commerce logistics segment in the market. It has risen as the fastest growing market segment based on service. E-commerce activities have grown over time, showing a potential for further expansion. This segment includes order fulfillment services and last-mile shipping, along with warehousing.

Analysis By End-user

E-commerce has rapidly risen in ranks and now sits at the top of the end-user segment in the market. The COVID-19 pandemic fueled the growth of this sector. Now consumers are increasingly turning to the ease and safety of online shopping. This has resulted in a higher demand for efficient and fast delivery services. Leading e-commerce companies like Amazon have boasted same-day or next-day deliveries. In order to fulfill these promises, they rely on express delivery systems driving market expansion.

Healthcare and pharmaceuticals are the next segment in line which have quickly developed. The pandemic was once again the one to push this segment in the limelight. The global health crisis highlighted the need for express delivery for prompt and secure shipping of medical supplies, diagnostic equipment, and medicinal drugs. This segment has seen a rise in telemedicine services and a surge in vaccine distribution. This will further bolster the segment’s contribution to overall market growth.

Global Express Delivery Market By End-user, 2022 (%)

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Global Express Delivery Market Regional Insights

North America, particularly the US, holds the largest chunk of the market. The region’s supremacy can be attributed to several factors. One of these is its thriving e-commerce market. Others include a rise in demand for high speed deliverance and more shifts to urban areas. North America has retained its position in the market due to an established logistics infrastructure and ongoing advancements in technology.

China and India have led the explosive growth of the APAC region. The Asia-Pacific has emerged as the fastest-growing regional segment in the express delivery market. There are many reasons that can be credited for this substantial and rapid growth. The growing population of the middle-class and an increase in e-commerce, along with the continuous expansion of the manufacturing sector are some of them. The heightened smartphone usage in Asia-Pacific, as well as the novel last-minute delivery solutions, have also pushed the region’s growth up.

Another prominent region that is emerging in the market is Europe. Its strong emphasis on sustainability and supportive regulations have helped it grow in the market. Market providers are striving to develop green solutions for transport and delivery and also devise efficient urban delivery methods. Thus, this region has grown significantly in recent years.

Global Express Delivery Market By Region, 2024-2031
  • Largest
  • Fastest

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Global Express Delivery Market Dynamics

Drivers

  • Globalization and International Trade: The growing trend of globalization has made a great impact on the express delivery market. With paths for cross-border business activities and trade opened, the market can grow its international roots. Businesses require logistic solutions that span borders promptly and efficiently as they expand. International trade can only be helped greatly by the existence of express delivery services. These services provide fast and dependable shipping options, which appeal to companies and individuals.
  • E-commerce Growth: The express delivery market has transformed with the quick growth of e-commerce. Consumers seek online options when shopping. This has led to a surge in demand for speedy and reliable delivery options. E-commerce has thrusted the market in fourth gear. Large volumes of packages are being shipped, presenting an opportunity for market players to expand their services.

Restraints

  • Environmental Concerns: The logistics and transportation industry severely affects the environment. The growing awareness of this negative impact has resulted in a potential problem. The market relies on vehicles for delivery. Their pollution and greenhouse gas emissions have gone unnoticed. However, in these times of environmental concerns rising, there is an immense pressure on the market. They are being pushed to target green solutions. They are trying to accommodate these worries by using hybrid vehicles and EVs to reduce emissions while sticking to their delivery routes and timetables.
  • Regulatory Challenges: A number of international and domestic trade restrictions govern the market. The regulations can be hard to comply with, and companies lose out on time and expenses due to the complicated regulatory framework. Fluctuations in custom regulations and trade agreements, along with restrictions on international trade, can present a huge threat to market growth. The rising costs and loss of efficiency in this process can be a disappointing turn in the market.

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Global Express Delivery Market Competitive Landscape

A blend of market players are constantly engaged in fierce rivalry to gain and retain market share. This competitive environment defines the global express delivery market. Some industry leaders include FedEx, DHL, Aramex, UPS, and DHL. These companies use their advanced technology and large distribution networks, along with using their brand name, to establish dominance in the market.

Renowned e-commerce platforms like Amazon have also penetrated the market. These online marketplaces have transformed previous delivery models with their innovative systems. Regional players like SF Express in China also drive competition further. They use their local expertise to focus on customer-centric solutions to grow their place in the market. Up-and-coming startups, like Delhivery in India, are starting to pose a threat to other players with their quick tech-driven services.

Now that the market is focusing on sustainability, there are new systems entering the market. Investments in eco-friendly practices and electric fleets are being made to attract eco-conscious consumers. The industry keeps adapting and evolving with the times and uses tactical strategies to stay in the games. These include perfectly timed alliances and partnerships and technological innovation. The market’s continued emphasis on catering to the growing demand for green, fast, and reliable delivery services will pave its way to further expansion and healthy competition.

Top Player’s Company Profiles

  • ZTO Express: China.
  • USPS (United States Postal Service): United States.
  • Correos: Spain.
  • YTO Express: China.
  • UPS (United Parcel Service): United States.
  • Japan Post: Headquarters in Japan
  • DHL Express: Germany
  • Poste Italiane: Italy.
  • STO Express: China.
  • Aramex: United Arab Emirates.
  • GLS (General Logistics Systems): Netherlands.
  • PostNL: Netherlands.
  • Australia Post: Australia
  • FedEx Corporation: United States.
  • Singapore Post: Singapore.
  • SF Express: China.
  • Canada Post: Canada..
  • Royal Mail: United Kingdom.

Recent Developments

  • GeoPost is Europe's largest parcel delivery network. The French parcel delivery company was bought by UPS in March 2023. The deal was made for USD 6.8 billion. Europe is the second largest region in the express delivery global market. This purchase would establish UPS’ stronghold in Europe.
  • DHL Express is a global leader in the logistics industry providing courier, package delivery and express mail service. This company bought Blue Dart Express in February 2023. The deal was closed at $1.5 billion. Blue Dart Express is an Indian logistics company that provides courier delivery services. This purchase will help DHL expand its reach to also hold the Indian market. This market is the fastest growing region in the express delivery market.

Global Express Delivery Key Market Trends

  • Sustainability and Environmental Concerns: The globe is becoming more aware of the persistence of environmental issues. This has led to a focus on sustainability all over several markets, including the express delivery industry. Both consumers and companies are seeking green delivery alternatives. This has resulted in market players to explore electric and hybrid delivery vehicles. They’re also on the lookout for more sustainable material for packaging. In response to this trend, express delivery providers have started providing carbon-neutral shipping options. They have also begun offsetting their carbon emissions to reduce impact on the environment.
  • E-commerce Growth Driving Demand: A notable trend has changed the way the express delivery market has run so far. That is the emergence and quick expansion of e-commerce. Consumers opted for online shopping. This led to a need for faster and more dependable delivery services. E-commerce organizations and digital marketplaces collaborated with express delivery providers. This was in order to guarantee prompt and safe goods shipping. This trend grew exponentially during the COVID-19 pandemic. Lockdowns and norms of social distancing pushed the demand for online shopping, thus fueling market growth.
  • Technology and Automation: Express delivery companies are always looking for new and innovative ways to improve customer experience and increase the efficiency of their systems. The large investments made in automation and technology ensured that. These new advancements included advanced tracking systems and route optimization algorithms. Soon, the market also witnessed the deployment of autonomous vehicles and drones for delivery in some regions. As a result of the adoption of these technologies, the market added more features to their systems. These cut back on delivery times, reduced costs, and even eliminate high chances of errors in the delivery process.

Global Express Delivery Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

Based on SkyQuest’s analysis, the global express delivery market is looking at a promising future of growth and expansion. The growing consumer demand for faster and more dependable shipping and parcel delivery services has continued to fuel market growth. Other responsible factors for market growth are increasing expansion of e-commerce and trade across borders. Technological advancements in general have also helped innovation in the market. The introduction and adoption of autonomous delivery vehicles and drones can also improve the efficiency of express delivery systems.

The growing trend of sustainability and environmental concerns has also influenced the market. Market players are introducing more ecologically sound systems, appealing to eco conscious consumers. These developments have helped the market grow and will continue doing so.

On the other hand, there may be problems that can threaten continued growth. These include regulatory compliance and higher operational expenses. Regardless, the market is predicted to expand further. Market players will strive for innovation in the changing global landscape, ensuring multiple growth opportunities for the market.

Report Metric Details
Market size value in 2022 USD 303.91 Billion
Market size value in 2031 USD 699.21 Billion
Growth Rate 9.7%
Base year 2022
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Service
    • Courier, Express and Parcel services
  • End-user
    • E-commerce, Healthcare, Automotive and others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • ZTO Express: China.
  • USPS (United States Postal Service): United States.
  • Correos: Spain.
  • YTO Express: China.
  • UPS (United Parcel Service): United States.
  • Japan Post: Headquarters in Japan
  • DHL Express: Germany
  • Poste Italiane: Italy.
  • STO Express: China.
  • Aramex: United Arab Emirates.
  • GLS (General Logistics Systems): Netherlands.
  • PostNL: Netherlands.
  • Australia Post: Australia
  • FedEx Corporation: United States.
  • Singapore Post: Singapore.
  • SF Express: China.
  • Canada Post: Canada..
  • Royal Mail: United Kingdom.
Customization scope

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  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Express Delivery Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Express Delivery Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Express Delivery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Express Delivery Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Express Delivery Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Express Delivery Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Express Delivery Market size was valued at USD 303.91 Billion in 2022 and is poised to grow from USD 333.39 Billion in 2023 to USD 699.21 Billion by 2031, at a CAGR of 9.7% during the forecast period (2024-2031).

A blend of market players are constantly engaged in fierce rivalry to gain and retain market share. This competitive environment defines the global express delivery market. Some industry leaders include FedEx, DHL, Aramex, UPS, and DHL. These companies use their advanced technology and large distribution networks, along with using their brand name, to establish dominance in the market. 'TNT Express: Netherlands.', 'Deutsche Post DHL Group: Germany.', 'ZTO Express: China.', 'USPS (United States Postal Service): United States.', 'Correos: Spain.', 'YTO Express: China.', 'UPS (United Parcel Service): United States.', 'Japan Post: Headquarters in Japan', 'DHL Express: Germany', 'Poste Italiane: Italy.', 'STO Express: China.', 'Aramex: United Arab Emirates.', 'GLS (General Logistics Systems): Netherlands.', 'PostNL: Netherlands.', 'Australia Post: Australia', 'FedEx Corporation: United States.', 'Singapore Post: Singapore.', 'SF Express: China.', 'Canada Post: Canada..', 'Royal Mail: United Kingdom.'

Globalization and International Trade: The growing trend of globalization has made a great impact on the express delivery market. With paths for cross-border business activities and trade opened, the market can grow its international roots. Businesses require logistic solutions that span borders promptly and efficiently as they expand. International trade can only be helped greatly by the existence of express delivery services. These services provide fast and dependable shipping options, which appeal to companies and individuals.

Sustainability and Environmental Concerns: The globe is becoming more aware of the persistence of environmental issues. This has led to a focus on sustainability all over several markets, including the express delivery industry. Both consumers and companies are seeking green delivery alternatives. This has resulted in market players to explore electric and hybrid delivery vehicles. They’re also on the lookout for more sustainable material for packaging. In response to this trend, express delivery providers have started providing carbon-neutral shipping options. They have also begun offsetting their carbon emissions to reduce impact on the environment.

North America, particularly the US, holds the largest chunk of the market. The region’s supremacy can be attributed to several factors. One of these is its thriving e-commerce market. Others include a rise in demand for high speed deliverance and more shifts to urban areas. North America has retained its position in the market due to an established logistics infrastructure and ongoing advancements in technology.

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Global Express Delivery Market

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