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The express delivery industry is witnessing significant trends driven by the rising prominence of e-commerce companies and their efforts to streamline and expedite delivery processes. With the explosive growth of online shopping, e-commerce giants are increasingly prioritizing efficient and rapid delivery options to meet consumer expectations for convenience and speed. These companies are investing heavily in technology and infrastructure to optimize last-mile logistics, implement real-time tracking systems, and enhance overall delivery efficiency.
Additionally, innovations such as drone delivery and autonomous vehicles are being explored to further accelerate delivery times. As a result, the market is experiencing a transformation, with e-commerce companies leading the way in shaping the future of fast and reliable delivery services to meet the evolving needs of consumers in the digital age.
For instance, in March 2024, Entrackr, citing sources, reported that Flipkart, India's e-commerce behemoth, was preparing to venture into the quick commerce sector. Flipkart intends to roll out deliveries within 10-15 minutes in approximately a dozen cities over the next six to eight weeks as part of its ambitious plan to expand its presence in the quick commerce space.
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.