Parcel Delivery Global Market Report 2024

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 expansion observed during the historical period can be credited to the growth of e-commerce, increasing customer expectations, regulatory modifications, and enhancements in last-mile logistics.

The parcel delivery market size is expected to see strong growth in the next few years. It will grow to $592.5 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The anticipated growth in the forecast period can be linked to advancements in last-mile innovation, sustainability initiatives, the rise of on-demand delivery services, the expansion of cross-border e-commerce, and regulatory adjustments. Key trends expected in this period encompass real-time tracking, the emergence of urban micro-warehousing solutions, adoption of multi-carrier strategies, implementation of dynamic delivery pricing models, and the provision of personalized delivery experiences.

The parcel delivery market is poised for substantial growth due to the rapid expansion of e-commerce. E-commerce, the electronic buying and selling of goods and services, is experiencing significant global uptake fueled by technological advancements, shifting consumer habits, and evolving business strategies. Parcel delivery services play a pivotal role in e-commerce by facilitating efficient order fulfillment, broadening market accessibility, and delivering outstanding shopping experiences crucial for driving business expansion and prosperity. For example, in February 2024, the United States Census Bureau reported a substantial increase in e-commerce sales in the United States, reaching an estimated$1.11 trillion in 2023, a 7.6% surge from 2022 figures. Consequently, the swift growth of e-commerce is propelling the parcel delivery market forward.

Prominent players in the parcel delivery sector are prioritizing the development of innovative delivery solutions, notably sustainable approaches, to cater to the rising demand for faster and environmentally friendly delivery options. Sustainable parcel delivery solutions emphasize eco-conscious practices such as electric vehicle usage, route optimization, and shipment consolidation to minimize carbon footprints. For instance, in September 2022, GoBolt, a Canadian logistics and delivery service provider, expanded its operations in the U.S. and Canada by introducing same-day and next-day sustainable parcel delivery services alongside 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 enterprises with eco-friendly shipping choices for parcels of varying sizes.

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

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.

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. The countries covered in the parcel delivery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Parcel delivery is the process of transferring packages or parcels from a sender to a recipient, typically facilitated by a courier or delivery service. It encompasses collecting parcels from the sender, organizing and directing them through distribution centers or hubs, and ultimately delivering them to the designated recipient's location.

The primary categories of parcel delivery include business-to-business (B2B), Business-To-Consumer (B2C), and other specialized forms. B2B parcel delivery involves transporting goods or packages between businesses, rather than from a business to an individual consumer. It serves various purposes, including international and domestic destinations, catering to both online and offline trading needs for end users such as retail and wholesale sectors, petroleum, defense, chemical, construction, government entities, among others.

The parcel delivery research report is one of a series of new reports that provides parcel delivery market statistics, including the parcel delivery industry's global market size, regional shares, competitors with a parcel delivery market share, detailed parcel delivery market segments, market trends and opportunities, and any further data you may need to thrive in the parcel delivery industry. This parcel delivery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The parcel delivery market includes revenues earned by entities by providing services such as standard delivery, tracking and tracing, parcel pickup, customs clearance assistance, and bulk shipping. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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