DUBLIN, November 30, 2021--(BUSINESS WIRE)--The "Express Delivery Market by Application, End Use and Destination: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
Express delivery is the quickest method of shipping. The client pays an additional shipping fee for express delivery as the shipment will be done within 24-72 hours. It mainly includes non-palletized packages of documents, parcels, letters, merchandise, and other consumer goods to various customers such as retail customers, business customers, and government agencies in specific destinations. Also, express delivery services are coupled with a variety of value-added services, such as packaging, labeling, billing, payment collection, and return, to improvise the delivery experience for the user.
The rapid growth of the e-commerce industry coupled with rise in B2C deliveries and international trade services propel the market growth. However, lack of infrastructure in several developing countries and higher operational costs of express delivery services are expected to hinder the market growth. Furthermore, various technological advancements in delivery services such as IoT, artificial intelligence & machine learning and emergence of last-mile deliveries coupled with the advancements in delivery vehicles are some of the factors offering future opportunities for the market growth.
The market is segmented on the basis of application, end-use, and destination. Based on application, it is bifurcated into B2B and B2C. By end-use, it is divided into e-commerce platform, document service and others. On the basis of destination, it is categorized into domestics and international. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
COVID-19 Impact Analysis:
The outbreak of COVID-19 resulted in flight cancellations, travel bans, and quarantines, which led to massive slowing of the supply chain and logistics activities including express deliveries across the world. Also, the supply chain disturbance created by COVID-19 is expected to impact the competitiveness, economic growth, and jobs lost in the delivery industry.
Although, there has been increasing urgent demand for healthcare and FMCG supplies, such as hospital supplies, gloves, sanitizers, vaccinations, and perishable food items, which propels the growth of the express delivery market during the COVID-19 pandemic. Also, significant growth in B2C e-commerce and daily essentials goods deliveries during the pandemic positively affects the express delivery market during COVID situation. For instance, according to new data from IBM's U.S. Retail Index, the pandemic has accelerated the shift away from physical stores to digital shopping.
This study presents analytical depiction of the global express delivery market analysis along with current trends and future estimations to depict imminent investment pockets.
The overall global express delivery market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global express delivery market with a detailed impact analysis.
The current global express delivery market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Growing e-commerce industry coupled with rise in B2C deliveries
Rapid growth in international trade services
Lack of infrastructure
Higher operational costs
Rise in technological advancements in delivery services
Emergence of last-mile deliveries with technological advancements in delivery vehicles
Deutsche Post Ag (DHL GROUP)
DSV (DSV Panalpina)
United Parcel Service Inc. (UPS) YTO Express Group Co.
For more information about this report visit https://www.researchandmarkets.com/r/60qqro
View source version on businesswire.com: https://www.businesswire.com/news/home/20211130005893/en/
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