Express Delivery Market Outlook
According to the report by Expert Market Research (EMR), the global express delivery market size reached a value of USD 309.15 million in 2023. Aided by rapid globalisation, e-commerce expansion, and increasing demand for fast and reliable shipping services, the market is projected to further grow at a CAGR of 8.1% between 2024 and 2032 to reach a value of USD 622.00 million by 2032.
Express delivery, also known as expedited or courier services, refers to the transportation of parcels and packages with expedited shipping timelines, typically within 24 to 72 hours. Express delivery providers specialise in offering fast, door-to-door delivery solutions for time-sensitive shipments, catering to the needs of businesses and consumers requiring quick and efficient delivery services.
As per the express delivery market analysis, the explosive growth of e-commerce platforms and online retailing has fuelled demand for express delivery services across the world. Consumers increasingly expect fast and convenient shipping options, driving retailers to partner with express delivery providers to offer same-day or next-day delivery for online orders. The convenience of express delivery enhances customer satisfaction, reduces order fulfilment times, and increases conversion rates for e-commerce businesses.
Globalisation and trade liberalisation have led to increased cross-border trade and commerce, driving demand for international express delivery services which fuels the express delivery market growth. Businesses are expanding their reach to international markets, sourcing goods from overseas suppliers, and selling products to customers worldwide. International express delivery providers facilitate seamless logistics solutions, customs clearance, and last-mile delivery, enabling businesses to capitalize on global market opportunities.
Urbanisation and population growth in emerging economies are driving demand for express delivery services, particularly in densely populated urban centres and metropolitan areas which propels the express delivery market expansion. The rise of megacities, urban sprawl, and congestion challenges necessitate efficient last-mile delivery solutions to meet the needs of urban consumers. Express delivery providers are investing in urban logistics infrastructure, micro-fulfilment centres, and alternative delivery methods such as drones and autonomous vehicles to address urban delivery challenges.
Increasingly discerning consumers expect personalised, seamless, and frictionless delivery experiences, driving express delivery providers in the express delivery market to innovate and differentiate their services. Same-day delivery, time-definite delivery slots, flexible delivery options, and value-added services such as in-home installation, product assembly, and returns management are becoming standard offerings. Customer-centricity, convenience, and transparency are key differentiators in the competitive market.
Technological innovations in logistics, transportation, and supply chain management are transforming the express delivery sector. As per the express delivery market outlook, automation, robotics, artificial intelligence, and data analytics are optimising route planning, package sorting, and delivery operations, enhancing efficiency, accuracy, and cost-effectiveness. Moreover, advancements in track-and-trace systems, real-time visibility, and electronic proof of delivery (ePOD) enable customers to monitor shipment status and receive timely updates on delivery progress.
Get a Free Sample Report with Table of Contents
North America accounts for a significant express delivery market share, driven by the presence of major e-commerce players, robust logistics infrastructure, and high consumer adoption of online shopping. The United States, in particular, leads the market with extensive domestic and international express delivery networks, catering to the needs of businesses and consumers across diverse industrial sectors. Europe represents another prominent market for express delivery services, characterised by a mature e-commerce ecosystem, cross-border trade, and stringent regulatory standards. Countries like the United Kingdom, Germany, and France are witnessing increasing demand for express delivery solutions, driven by the growth of online retailing, urbanization, and changing consumer preferences.
Express Delivery Market Segmentation
The market can be divided based on application, destination, end use, and region.
Market Breakup by Application
- B2B
- B2C
Market Breakup by Destination
- Domestic
- International
Market Breakup by End Use
- BFSI
- Wholesale and Retail Trade (E-Commerce)
- Manufacturing, Construction, and Utilities
- Primary Industries
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global express delivery market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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
