Market Trends of Express Delivery Industry
This section covers the major market trends shaping the Express Delivery Market according to our research experts:
Growing E-commerce Sector
Asia-Pacific and North America lead the regional totals for both retail and retail eCommerce sales. Asia-Pacific accounts for 42.3%, North America accounts for 22.9%, and Western Europe makes up 16.2% of retail sales worldwide. For e-commerce, China's dominance means that 62.6% of all digital sales are in Asia-Pacific.
E-commerce continues to radically reshape how both B2C (business-to-consumer) and B2B (business-to-business) companies serve their customers. UPS (an American multinational package delivery and supply chain management company) estimated that global e-commerce sales would hit more than USD 6.7 trillion in 2025.
FedEx (an American multinational delivery services company) constantly tests and develops solutions to meet shipper needs as online platforms mature and customer demands such as how and when they want their goods delivered change.
Asia-Pacific to Hold a Significant Share of the Express Delivery Market
The Asia-Pacific continues to cement its position as one of the world's most important regions for express parcels. SingPost, Japan Post, and Australia Post are all investing heavily to expand their operations in the region. In addition, a raft of Chinese operators is seeking stock market listings in order to raise capital to grow.
Asia-Pacific is anticipated to be one of the largest express delivery markets due to the rise in e-commerce across China, India, etc. It is also expected to be the fastest-growing market during the forecast period.
