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Global Parcel Delivery Market Report 2024: Real-time Data

Posted on by darion

Dublin, July 9, 2024 (GLOBE NEWSWIRE) — The Parcel Delivery Global Market Report 2024 has been added to Research & Marketing.com offering.

The parcel delivery market has grown significantly in recent years, from $450.01 billion in 2023 to $474.15 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The expansion observed over the historical period can be attributed to the rise of e-commerce, rising customer expectations, regulatory changes, and improvements in last-mile logistics.

The parcel delivery market size is expected to grow over the next few years, reaching USD 592.5 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The anticipated growth during the forecast period can be attributed to advances in last-mile innovation, sustainability initiatives, growth in on-demand delivery services, expansion of cross-border e-commerce, and regulatory adjustments.

Some of the key trends to expect during this period include real-time shipment tracking, the emergence of micro-urban warehousing solutions, the adoption of multi-carrier strategies, the implementation of dynamic shipping pricing models, and the provision of personalized delivery services.

The parcel delivery market is poised for significant growth due to the rapid expansion of e-commerce. E-commerce is experiencing significant global growth driven by technological advancements, changing consumer habits, and evolving business strategies. Parcel delivery services play a key role in e-commerce by facilitating efficient order fulfillment, increasing market accessibility, and providing exceptional shopping experiences that are key to driving business expansion and prosperity. For example, in February 2024, the United States Census Bureau reported a significant increase in e-commerce sales in the United States, reaching an estimated $1.11 trillion in 2023, which is a 7.6% increase over 2022 data. As a result, the rapid growth in e-commerce is driving the parcel delivery market forward.

Prominent players in the parcel delivery sector are prioritizing the development of innovative delivery solutions, especially sustainable approaches, to meet the growing demand for faster and eco-friendly delivery options. Sustainable parcel delivery solutions emphasize green practices such as the use of electric vehicles, route optimization, and shipment consolidation to minimize carbon footprint. For example, in September 2022, GoBolt, a Canadian logistics and delivery service provider, expanded its operations in the US and Canada by introducing sustainable same-day and next-day parcel delivery services in addition to its existing large-item delivery offerings. This expansion enhances last-mile delivery capabilities by incorporating electric vehicles and partnering with EcoCart to offset carbon emissions, providing e-commerce businesses with eco-friendly shipping options for packages of all sizes.

In October 2023, Deutsche Post AG, a German parcel delivery and supply chain management company, completed the acquisition of MNG Kargo for an undisclosed amount. This strategic move enables Deutsche Post AG to strengthen its e-commerce delivery services by leveraging MNG Kargo’s extensive parcel network and DHL’s global logistics expertise to increase customer connectivity to the Turkish market. MNG Kargo, a Turkish courier, express and parcel services provider, is poised to strengthen the capabilities of the postal industry through this integration.

The report covers market characteristics, size and growth, segmentation, regional and country break-up, competitive landscape, market shares, trends, and strategies for this market. It tracks the historical and forecasted growth of the market by geographical region.

Scope of the report

Markets covered:

  • By type: Business-to-Business (B2B); Business-to-Consumer (B2C); Other types
  • By Destination: International; Domestic
  • By Application: Online Trading; Offline Trading
  • By end user: retail and wholesale; petroleum; defense; chemicals; construction; government; other end users

Key companies mentioned: Amazon.; United Parcel Service Inc.; Deutsche Post AG; FedEx Corporation; Japan Post Holdings Co. Ltd.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years of historical data and ten years of projected data.

Data: Market size and growth indicators in relation to related markets, GDP proportions, expenditure per capita.

Data segmentation: Historical and forecasted data for individual countries and regions, market shares of competitors, market segments.

Key Features:

Report Attribute Details
number of pages 175
Forecast period 2024-2028
Estimated Market Value (USD) 2024 $474.15 billion
Projected Market Value (USD) to 2028 $592.5 billion
Compound Annual Growth Rate 5.7%
Regions covered Global

Featured companies:

  • Amazon
  • United Parcel Service Inc.
  • Deutsche Post AG
  • FedEx Corporation
  • Japan Post Holdings Co. Ltd
  • SF Holding Co. Ltd
  • Post
  • Emirates Group of Postal Companies
  • Italian Post SpA
  • DPD Group
  • Hermes Europa GmbH
  • International Distribution Services Plc
  • Canada Postal Corporation
  • Toll Group Pty Ltd
  • Purolator Inc.
  • General Logistics Systems BV
  • PostNL NV
  • Corporate and Telegraphic Corporation SA
  • PostNord AB
  • Singapore Post Limited
  • Aramex International LLC
  • Omniva AS
  • Shadowfax Technologies Pvt. Ltd.
  • Blue Dart Express Limited
  • Swiss Post Ltd.

For more information on this report, please visit https://www.researchandmarkets.com/r/ywnbos

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  • Global Parcel Delivery Market