Asia Pacific Express Delivery Market
APAC is the fastest-growing region in the worldwide express delivery market. The region has a growing economy, which is leading to growth in a wide variety of sectors, including retail and e-commerce, transportation and logistics, automotive, and pharmaceuticals. The adoption of advanced and innovative technologies across the region is high. The deployment of express delivery services has increased in Asian countries due to investments by the governments and various initiatives for the development of the retail and e-commerce industry. Asia is referred to as the world economy's growth engine with countries, such as China, India, Japan, and Singapore. Several manufacturing industries for automotive, pharmaceuticals, and retail sectors have enhanced the acceptance of advanced technologies across these sectors. The continuous development in the economy and rapid digitalization, rise in education awareness, increase in incomes of the middle class, and adequate government support are factors that have ensured a smooth transition of the developing economies from the developing stage towards a developed stage. In APAC, the fastest-growing e-commerce markets are India and China. Consumers in these countries are positively inclined toward online shopping. Owing to rising internet penetration, online shopping trends are transforming several areas of e-commerce in the region. With the right technology and logistics, it is easy to provide online shopping and delivery to customers, even in rural areas. Asia-Pacific is the fastest-growing region globally for the freight and logistics sector. This is due to the increasing growth in the logistics sector in the ASEAN countries and the presence of big economies, such as China. Besides, increasing government support for the region's logistics sector is also a factor boosting growth of the express delivery market.
Due of a massive number of cases in India, the APAC region is greatly affected by COVID-19, the country also homes the largest population across the world, thereby imposing greater risk to a large number of individuals; it is also a world leader of many global brands. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has also affected other major economies outside China, such as the large India, Australia and Japan, and is experiencing downward inflation. The sudden closedown of all economic activities across all countries in the region has highly I impacted the delivery industry. The closedown of manufacturing sites led to decrease in imports and exports of goods on urgent basis to any country. Additionally, the nationwide lockdown imposed across major economies of the region like Australia, India and China have impacted the ecommerce market apart from the essentials thereby, negatively impacting the express delivery market across the region. However, the healthcare sector across the region have been using the services for ensuring proper supply of drugs and other requirements across hospitals, clinics and home cares. Thus, though the healthcare sector has been using the services during the pandemic, the other industries were unable to utilize the facility thereby, impacting the market negatively during the covid-19 outbreak.
Strategic insights for the Asia Pacific Express Delivery provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 104,999.38 Million |
| Market Size by 2027 | US$ 171,472.25 Million |
| Global CAGR (2020 - 2027) | 7.3% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2027 |
| Segments Covered |
By Destination
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Express Delivery refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The express delivery market in Asia Pacific is expected to grow to US$ 171,472.25 million by 2027 from US$ 104,999.38 million in 2020. The market is estimated to grow at a CAGR of 7.3% from 2020 to 2027. Increase in adoption of smartphones and high penetration of Internet across the Asia Pacific is positively influencing the adoption of e-commerce across the worldwide population. This has also influenced businesses to adopt online selling channels to reach a higher customer base. For instance, according to GSMA, the top countries with the highest percentage of smartphone users are China (63.4%), India (31.8%), Indonesia (58.6%), Japan (59.9%), and Vietnam (63.1%). Additionally, the Internet penetration across these countries is influencing the population to adopt online buying. Express delivery is being highly adopted by brands and e-commerce websites to offer better customer service by delivering parcels in less time. Thus, the above-mentioned factors are expected to influence the growth of the express delivery market over the forecast period.
Asia Pacific express delivery market is segmented based on destination, business type, and end users Based on destination, the Asia Pacific express delivery market is segmented into domestic and international. The domestic segment accounted for the highest share in the market in 2019 and international segment is expected to be fastest growing during forecast period. Based on business type, is segmented into B2B and B2C. The B2B segment accounted for the highest share in 2019 and B2C sector is expected to be the fastest growing during forecast period. Based on end-user, the market is segmented into automotive, retail and e-commerce, pharmaceuticals, BFSI, IT and telecom, electronics, and others. The automotive segment accounted for the highest share in 2019 and retail and automotive sector is expected to be the fastest growing during forecast period
A few major primary and secondary sources referred to for preparing this report on express delivery market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Amazon.com, Inc.; Aramex; Delhivery Private Limited; DHL International GmbH; FedEx Corporation; SF Express (Group) Co. Ltd; TNT Holdings B.V.; and United Parcel Service of America, Inc. among others.
The Asia Pacific Express Delivery Market is valued at US$ 104,999.38 Million in 2020, it is projected to reach US$ 171,472.25 Million by 2027.
As per our report Asia Pacific Express Delivery Market, the market size is valued at US$ 104,999.38 Million in 2020, projecting it to reach US$ 171,472.25 Million by 2027. This translates to a CAGR of approximately 7.3% during the forecast period.
The Asia Pacific Express Delivery Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Express Delivery Market report:
The Asia Pacific Express Delivery Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Express Delivery Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Express Delivery Market value chain can benefit from the information contained in a comprehensive market report.
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