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FedEx Corporation and United Parcel Service Inc. held significant market share of around 20% market share in 2023. FedEx Corporation focuses on expanding its global footprint to serve a wider customer base and capture market share in key regions. The company invests in infrastructure, network optimization, and strategic acquisitions to strengthen its international presence and offer seamless cross-border express shipping solutions.
Recognizing the significance of e-commerce, UPS collaborates with e-commerce platforms, retailers, and marketplaces to streamline order fulfillment and enhance delivery capabilities. The company invests in e-commerce infrastructure, fulfillment centers, and technology solutions to support the growth of online retail.
Major companies operating in the express delivery industry are:
Aramex International LLC, C.H. Robinson Worldwide Inc., DHL International GmbH, FedEx Corporation., Geodis, OnTrac, Schenker AG, SF Express (Group) Co. Ltd., United Parcel Service Inc. and Yamato Holdings Co. Ltd.
Asia Pacific market held over 40% share in 2023, due to the rapid urbanization, increasing internet penetration, and the booming e-commerce sector.
The B2C segment accounted for a share of 65% in 2023 and is expected to reach USD 350 billion by 2032, owing to the proliferation of e-commerce platforms and the increasing preference for online shopping.
The market size of express delivery reached USD 319.2 billion in 2023 and is set to witness 6% CAGR between 2024 and 2032, attributed to the rising regional increase in express deliveries.