Parcel Delivery Market: Trend Tracking and Forecast Analysis (2023-2029) by Type, Solutions, and Region

Parcel Delivery Market Overviews

Products or objects wrapped in paper, sealed in an envelope, or placed in a box are referred to as packages, and parcel delivery refers to the process of conveying a parcel to a certain location by road, rail, or air. Increased internet penetration and the rise of the e-commerce industry have fuelled the parcel delivery market. As internet penetration and client purchasing patterns change, the worldwide parcel delivery industry is predicted to increase at a CAGR of over 4.2% over the forecast period.

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Parcel Delivery Market Scope and Methodology:

The burgeoning e-commerce sector, as well as cross-border trade, are two major factors driving the growth of the parcel delivery industry. As cross-border trade routes have emerged, especially in emerging economies, acceptance of international trade and B2C exports has grown. Furthermore, rising consumer demand for online purchases through various e-commerce platforms is propelling market expansion. E-commerce companies cooperate with courier service providers to distribute their products across national and international borders.

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Parcel Delivery Market Regional Insights

Consumers are ordering more online due to e-commerce expansion and the COVID-19 epidemic, which is fuelling the parcel delivery sector. This resulted in a 37 percent increase in volume, with 20 billion parcels carried in the United States, and a 29 percent increase in income, reaching $171 billion in 2020.

Parcel Delivery Market Segmentation

During the forecast period, Asia Pacific is expected to have the greatest CAGR. Furthermore, the APAC area's growth is being fuelled by expanding E commerce penetration and commercial advances in the region. Aside from that, improving living standards and disposable income in India, Japan, China, and ASEAN countries are driving the region's economic trend. Furthermore, with leading market players establishing bases in the APAC region in the hopes of future benefits, the industry is likely to grow at a rapid pace. Due to expanding E commerce in the Chinese region and China's booming industrial sector, China leads the APAC region with the biggest market share of 50%.

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Parcel Delivery Market Key Players

Smartbox Ecommerce Solutions Pvt. Ltd. (India)
Amazon.com, Inc. (USA)
Deutsche Post DHL Group (Germany)
United Parcel Service Inc. (USA)
FedEx Corporation (USA)
Aramex PJSC (UAE)
SF Express (Group) Co. Ltd (China)

Key questions answered in the Parcel Delivery Market are:

What is Parcel Delivery?
What was the Parcel Delivery market size in 2023?
What is the growth rate of the Parcel Delivery Market?
Which are the factors expected to drive the Parcel Delivery market growth?
What are the different segments of the Parcel Delivery Market?
What growth strategies are the players considering to increase their presence in Parcel Delivery?
What are the upcoming industry applications and trends for the Parcel Delivery Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Parcel Delivery Market?
Who are the leading companies and what are their portfolios in Parcel Delivery Market?
What segments are covered in the Parcel Delivery Market?
Who are the key players in the Parcel Delivery market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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