Parcel Delivery Global Market Report 2024 - Business Growth, Top Companies, Industry Analysis And Forecast 2033

Global parcel delivery market size is expected to reach $592.50 Bn by 2028 at a rate of 5.7%, segmented as by component, hardware, services, software

Jun 26, 2024 - 12:43

Parcel Delivery Global Market Report 2024 - Business Growth, Top Companies, Industry Analysis And Forecast 2033

Overview and Scope

Parcel delivery refers to the process of transporting packages or parcels from a sender to a recipient, typically through a courier or delivery service. It involves the collection of parcels from the sender, sorting and routing them through distribution centers or hubs, and delivering them to the intended recipient's address.

Sizing and Forecast

The parcel delivery market size has grown strongly in recent years. It will grow from $450.01 billion in 2023 to $474.15 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to e-commerce growth, rising customer expectation, regulatory changes, and last-mile logistics.

The parcel delivery market size is expected to see strong growth in the next few years. It will grow to $592.50 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to last-mile innovation, sustainability initiatives, on-demand delivery, cross-border e-commerce growth, and regulatory changes. Major trends in the forecast period include real-time tracking, urban micro-warehousing, multi-carrier strategies, dynamic delivery pricing, and personalized delivery experiences.

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Segmentation & Regional Insights

The parcel delivery market covered in this report is segmented –

1) By Type: Business-To-Business (B2B), Business-To-Consumer (B2C), Other Types

2) By Destination: International, Domestic

3) By Application: Online Trading, Offline Trading

4) By End-User: Retail And Wholesale, Petroleum, Defense, Chemical, Construction, Government, Other End-Users

Asia-Pacific was the largest region in the parcel delivery market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the parcel delivery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The rapid expansion of e-commerce is expected to propel the growth of the parcel delivery market going forward. E-commerce refers to the buying and selling goods or services over the Internet or other electronic networks. The ongoing expansion of e-commerce adoption worldwide is due to technological innovation, changing consumer behaviors, and evolving business models. Parcel delivery services are essential for e-commerce, enabling efficient order fulfillment, expanding market reach, and providing exceptional shopping experiences that drive growth and success. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, e-commerce sales in the United States surged to an estimated $1,118.7 billion in 2023, marking a 7.6% rise compared to the 2022. Therefore, the rapid expansion of e-commerce is driving the growth of the parcel delivery market.

Key Industry Players

Major companies operating in the parcel delivery market are Amazon.com Inc., United Parcel Service Inc., Deutsche Post AG, FedEx Corporation, Japan Post Holdings Co. Ltd., SF Holding Co. Ltd., La Poste, Emirates Post Group Company, Poste Italiane S.p.A., DPDgroup, Hermes Europe GmbH, International Distributions Services Plc, Canada Post Corporation, Toll Group Pty Ltd, Purolator Inc., General Logistics Systems B.V., PostNL N.V., Sociedad Estatal de Correos y Telégrafos S.A., PostNord AB, Singapore Post Limited, Aramex International LLC, Omniva AS, Shadowfax Technologies Pvt. Ltd., Blue Dart Express Limited, Swiss Post Ltd

The parcel delivery market report table of contents includes:

1. Executive Summary

2. Parcel Delivery Market Characteristics

3. Parcel Delivery Market Trends And Strategies

4. Parcel Delivery Market - Macro Economic Scenario

5. Global Parcel Delivery Market Size and Growth

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32. Global Parcel Delivery Market Competitive Benchmarking

33. Global Parcel Delivery Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Parcel Delivery Market

35. Parcel Delivery Market Future Outlook and Potential Analysis

36. Appendix