The global Parcel Delivery Market was valued at USD 435.2 billion in 2020 and is expected to grow at a CAGR of 4.2% during the forecast period.

Parcel Delivery Market Overview

A parcel can be defined as goods or items wrapped in paper, sealed in an envelope or box, and the process of transporting a parcel to a specific destination by road, rail, or air is called parcel delivery. Rising internet penetration and expansion of the e-commerce industry are driving the Parcel Delivery market. The global Parcel Delivery market is expected to expand over the forecast period owing to increasing internet penetration and changing shopping preferences of customers. This, in turn, is expected to increase spending by consumers shopping online, which is expected to eventually be delivered to customers via Parcel Delivery. The expansion of the transportation and automotive industries is driving the Parcel Delivery market as it makes Parcel Delivery easy, safe, and convenient. Furthermore, the rise in globalization is also expected to drive the Parcel Delivery market. The adoption of new technologies, logistics methods, and innovative vehicles is likely to drive the Parcel Delivery market. Sustained demand for local delivery, food commodities, agricultural products, and bulk delivery is expected to provide significant opportunities for key players operating in the parcel delivery market.

The Parcel Delivery Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Parcel Delivery market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: China Post, Deutsche Post DHL, FedEx, Japan Post Group, La Poste Group, and others.

What are the major Applications, Types, and Regions for the Parcel Delivery Market?

By Business       

• B2B (Business-to-Business)
• B2C (Business-to-Consumer)

By Destination  

• Domestic
• International

By End User       

• Services (BFSI (Banking, Financial Services and Insurance))
• Wholesale and Retail Trade (E-commerce)
• Manufacturing, Construction, and Utilities
• Primary Industries (Agriculture, and Other Natural Resources)

Parcel Delivery Market Regional Insights:

Growth in e-commerce and the COVID-19 pandemic are driving the package shipping market as consumers increasingly order online. This resulted in a 37% increase in package volume, with 20 billion packages shipped in the U.S., and a 29% increase in package revenue to $171 billion in 2020. The Asia Pacific region is expected to register the highest CAGR during the forecast period. Furthermore, the growing popularity of e-commerce and business development in the region is a factor driving the growth in APAC. Moreover, rising living standards and increasing disposable income in India, Japan, China, and the ASEAN countries region are driving the growth pattern in the region. Moreover, the market is sure to rise at a buoyant CAGR as key market players are establishing their bases in the Asia-Pacific region for future benefits. China leads the Asia-Pacific region with the highest market share of 50%, due to the booming e-commerce in the region and the development of manufacturing in China.

Geographically, the global Parcel Delivery market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Parcel Delivery Market Report Scope:

Report Attributes	Details
Growth Rate	CAGR of 4.2% from 2022 to 2030.
By Business	B2B (Business-to-Business) B2C (Business-to-Consumer)
By Destination	Domestic International
By End User	Services (BFSI (Banking, Financial Services and Insurance)) Wholesale and Retail Trade (E-commerce) Manufacturing, Construction, and Utilities Primary Industries (Agriculture, and Other Natural Resources)
By Companies	China Post, Deutsche Post DHL, FedEx, Japan Post Group, La Poste Group
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Frequently Asked Questions (FAQ) about the Parcel Delivery market:

What is the CAGR of the global Parcel Delivery market?

The Parcel Delivery Market is growing at a CAGR of 4.2% during the forecast period.

Which region would offer high growth for vendors in the Parcel Delivery market?

The Asia Pacific region is expected to register the highest CAGR during the forecast period.

Which Is the Most potential market segment?

By Business       

• B2B (Business-to-Business)
• B2C (Business-to-Consumer)

By Destination  

• Domestic
• International

Which are the top industry players in the Parcel Delivery market?

China Post, Deutsche Post DHL, FedEx, Japan Post Group, La Poste Group

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