Global Express Delivery Market Report and Forecast 2024-2032

Global Express Delivery Market Outlook

The global express delivery market size reached approximately USD 309.15 billion in 2023. The market is assessed to grow at a CAGR of 8.1% between 2024 and 2032 to attain a value of around USD 622.00 billion by 2032.

Key Trends in the Market

Express delivery refers to delivery services that are faster and more reliable than standard courier shipping. It is ideal for urgent and time-sensitive shipments as goods are typically delivered within 24 hours. Such services offer customer satisfaction and convenience and enable companies to gain a competitive advantage and enhance their operational efficiency.

• A major factor favouring the express delivery market demand is the robust growth of the e-commerce sector. Major e-commerce platforms like Amazon and Walmart are offering same-day delivery services to improve the quality and speed of customer services, reduce cart abandonment rates, enhance the efficiency of stocks, and surge their profitability.

• The increasing adoption of advanced technologies in the logistics sector to meet evolving customer demand for fast delivery is also aiding the express delivery market growth. Technologies like drones, predictive analytics, artificial intelligence, and automation are expected to be at the forefront of rapid express delivery by streamlining various processes and enhancing the efficiency of delivery services.

• One of the major express delivery market trends is the growing awareness regarding climate challenges and the surging demand for sustainable shipping methods. Hence, express delivery service providers are increasingly striving to use alternative transportation modes and compostable, recycled, and biodegradable packaging materials.

Market Analysis

Based on application, the express delivery market segmentation includes B2B and B2C. On the basis of destination, the market can be divided into domestic and international. By end use, the market is segmented into BFSI, wholesale and retail trade (e-commerce), manufacturing, construction, and utilities, and primary industries, among others. The major regional markets for express delivery include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global express delivery market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Deutsche Post AG

• United Parcel Service, Inc. (UPS)

• FedEx Corp

• SF Express (Group) Co. Ltd.

• DSV A/S

• DB Schenker

• Geodis

• YTO Express Group Co. 

• Aramex Group

• Best Inc.

• Others

Market Share by Destination

As per the express delivery market analysis, the demand for international express delivery is substantially rising. This can be attributed to the increasing international trade and the globalisation of sectors such as automotive, chemicals, food and beverages, and fashion, among others. As products are typically shipped via air couriers, express delivery is ideal for time-sensitive shipments required by businesses and individuals.

Besides, various providers are offering innovative services such as individual parcel tracking, high security, and insurance liability covers, boosting the demand for express delivery for both international and domestic destinations.

Market Share by Region

The Asia Pacific represents a substantial portion of the express delivery market share due to rapid urbanisation and the robust growth of the e-commerce sector. In countries such as India and China, the divide between offline and online retail is diminishing, which is further boosting the demand for last-mile delivery services. The expansion of last-mile delivery facilities in urban areas is also positively impacting the market demand.

In the forecast period, the growing adoption of location technologies by key players to reduce the complexity of last-mile delivery is likely to further aid the market growth.

Competitive Landscape

DB Schenker is a prominent logistics and transportation provider that was established in 1872. The company supports the exchange of goods through ocean and air freight, and land transport, and offers services like supply chain management and contract logistics. Some sectors using its services are automotive, consumer goods, logistics, and technology, among others.

SF Express (Group) Co. Ltd., established in 1993, is one of the leading integrated logistics service providers. It is based in Guangdong Province, China, and offers services such as intra-city on-demand delivery, international business and supply chains, economy express, cold chain and pharmaceutical, among others. Through extensive R&D activities, the company aims to develop smart supply chains and digital supply chain ecosystems.

Aramex Group is a prominent provider of comprehensive transportation and logistics services. Its foundation dates back to 1982, and since then it has been renowned for its innovative multi-product offerings and customised services. Some services provided by the company are freight forwarding, online shopping services, domestic and international express delivery, and document management.

Other express delivery market players include Deutsche Post AG, United Parcel Service, Inc. (UPS), FedEx Corp, DSV A/S, Geodis, YTO Express Group Co., and Best Inc., among others.

Key Highlights of the Report