Market Definition:
The global express delivery market was valued at US$ 279.4 billion in 2021 and it is anticipated to grow up to US$ 495.8 billion by 2031, at a CAGR of 5.9% during the forecast period.
Express delivery is the fastest form of shipping that involves the delivery of various goods and products through different mediums, such as air, water, and land. The customer pays an extra shipping cost for this type of delivery, as the shipment will get transported to him anywhere between 24 to 72 hours, depending on the distance of the shipment. In express shipping, the price and rates are also higher when compared with other forms of transportation. Further, express delivery services significantly operate on the business-to-business (B2B) and business-to-customer (B2C) models. These include personal and business items such as letters, documents, merchandise, consumer goods, and other non-palletized goods. Several express delivery service providers offer value-added services such as packaging, labeling, billing, payment collection, return, and exchange.
To Know More: https://www.globalinsightservices.com/reports/express-delivery-market/
Market Outlook:
Developing cross-border trade channels, especially in emerging nations, has enhanced international trade and B2C shipment adoption. Also, the growth of cross-border e-commerce coupled with rapid globalization is the key factor for developing international trade in the country. Attributed to factors such as unavailability of products in the domestic market, affordability, and better quality, people prefer to buy things from international websites. Therefore, growth in cross-border e-commerce sales led to an increase in the import volume of international parcels, which fuels the demand for express delivery services in the country. In addition, the development of the overseas market is a significant factor that fuels the market’s growth. Hence, express delivery services are gaining significance as the global economy becomes increasingly integrated, owing to rapid growth in international trade services. This factor drives the growth of the global express delivery market.
Market Restraints and Challenges
Infrastructure availability and quality are key components in determining the express delivery environment of a country. It can be observed that in terms of infrastructure, express delivery services suffer from limited capacity and capability. These include significant inefficiencies in transport, poor condition of storage infrastructure, complex tax structure, low rate of technology adoption, and poor skills of delivery professionals. Poor road transportation infrastructure is one of the key issues affecting the express delivery market. Also, metropolis traffic congestion is a major issue in the population concentrated in urban areas for express deliveries in the domestic market. In addition, airfreight transport is very important for express delivery of items, especially for international parcel deliveries that are time bound. Thus, lack of adequate airfreight may delay delivery.
Further, many countries lack postal codes and rely on local landmarks for addresses, so shipping companies often have trouble delivering parcels successfully. Furthermore, factors such as lack of skilled workforce, poor IT infrastructure, and over-reliance on cash-on-delivery (CoD) payment also affect the growth of express delivery services in several countries worldwide. Therefore, a lack of infrastructure is anticipated to hinder the growth of the express delivery market.
Request Sample: https://www.globalinsightservices.com/request-sample/GIS10457
Research Objectives:
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
Request Customization: https://www.globalinsightservices.com/request-customization/GIS10457
Segmental Overview
The report analyses the global express delivery market based on destination, business type, end user, and region.
Major Players in the Global Express Delivery Market
The key players studied in the global express delivery market are AsstrA-Associated Traffic AG (Switzerland), Courier Express (US), Delhivery Limited (India), Deutsche Post DHL Group (Germany), DTDC Express Limited (India), Ecom Express Limited (India), Express Delivery Services (India), FedEx Corporation (US), S.F. Express Co., Ltd. (China), and TCI Express Limited (India).
Request Discounted Pricing: https://www.globalinsightservices.com/request-special-pricing/GIS10457
Research Scope:
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
• Market Size in 2021 – US$ 279.4 Billion
• Market Size in 2031 – US$ 495.8 Billion
• CAGR % – 5.9%
• Historic Period – 2015-2022
• Forecast Period – 2022-2031
• Base Year – 2021
Buy your copy here: https://www.globalinsightservices.com/checkout/single_user/GIS10457
About Us:
With Global Insight Services, you receive:
• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Infographic excel data pack, easy to analyze big data
• Robust and transparent research methodology
• Unmatched data quality and after sales service
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.