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