Global Express Delivery Market

Express Delivery Market Size, Share, Growth Analysis, By Service(Courier, Express and Parcel services), By End-user(E-commerce, Healthcare, Automotive and others), By Region - Industry Forecast 2024-2031

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

Express Delivery Market News

  • 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.
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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 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

Report ID: SQMIG20R2034

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