The major factor for the remarkable surge in the global express and small parcel industry is the rapid expansion of e-commerce, which has increased demand for efficient and quick delivery services. It is anticipated that as e-commerce grows globally, it will continue to propel market expansion. By 2031, the market is projected to have grown from its 2024 valuation of USD 476.65 billion to USD 832.10 billion at a strong compound annual growth rate (CAGR) of 8.3%.
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Market Dynamics
A primary driver of the global express and small parcel business is the rapid growth of e-commerce. In the last decade, online shopping has altered consumer behaviour everywhere. Customers have come to love e-commerce platforms because of their wide range of products, affordable prices, and user-friendliness. This tendency is more pronounced in developing countries, where internet penetration and smartphone usage are rising.
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Segments-
By Service Type:
o Express
o Standard
o Same-day Delivery
The market is divided into three segments based on the type of service: Express, Standard, and Same-Day Delivery. Standard is anticipated to dominate the market because of its dependability for non-urgent shipments, wide network coverage, and affordability. By the end of 2031, the standard category is predicted to have grown to USD 434.51 billion, having had a 54.4% share in 2023. Standard shipping is the recommended option for e-commerce, retail, and business-to-business transactions since businesses and consumers value cost while still needing reliable delivery services.
Key Players
The global express and small market is fairly consolidated in terms of key players with the top 4 players contributing to over 50% share in the industry. Some of the key players in the industry are DHL Express, DPDgroup, FedEx Express, Evri Limited, Royal Mail Group Limited, UPS, TNT Express, Japan Post, Blue Dart, DTDC, SF Express, Yamato Trasnport, Bombino Express, United Xpressamong, an others. The key players in the industry are actively pursuing strategic developments such as product launch, partnership agreements, etc to gain further foothold in the market.
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