Parcel Delivery Market Report 2024

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GLOBAL PARCEL DELIVERY MARKET REPORT 2024
Global,Regional,CountryAnalysis
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INTRODUCTION
Parcel delivery involves the transportation of
packages or parcels, typically through road,
rail, or Air Cargo, between various postal
facilities, businesses, and customers. This
convenient service is utilized for sending a wide
range of items, including books, clothing,
furniture, and other bulky objects. It is
particularly favored by individuals who lack the
means or availability to transport larger items
themselves. The surge in urbanization, prompted
by the growing global population, has resulted in
an increasing number of people residing in
cities. This trend has fueled the demand for
parcel delivery services. Furthermore, the rapid
expansion of e-commerce has played a pivotal role
in driving the growth of the parcel delivery
market.
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KEY INSIGHTS
MARKET SIZE USD 468.2 billion
2022
CAGR 4.60
2023- 2030
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REVENUE MARKET SHARE BY SEGMENTS 2022

• B2B
• B2C

Type Segment

• Online trading
• Offline trading

Application Segment
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Global Parcel Delivery Market Revenue share for
2022
Asia Pacific 35
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Technological Advancements and Last-Mile
Innovations to Propel Market Growth
Drivers
Logistical Challenges and Last-Mile Complexities
to Restrict Market Growth
Restraints
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AUTHOR'S PERSPECTIVE

• The Global Parcel Delivery Market is witnessing
  significant growth in the near future.
• B2B deliveries, particularly in the context of
  supply chain logistics and inter-business
  transactions, have experienced a surge due to
  globalization and the need for efficient
  cross-border trade.
• Despite the digital revolution, a substantial
  portion of retail transactions still occur
  offline, especially in local markets,
  brick-and-mortar stores, and traditional retail
  outlets.
• The Online trading segment is expected to expand
  at the significant CAGR retaining position
  throughout the forecast period.

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KEY PLAYERS
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