Parcel can be defined as goods or objects wrapped in a paper, or sealed in envelope, or a box and the process of delivering a parcel to a particular destination via road, rail or air, is known as parcel delivery. Increase in penetration of the internet and expansion of the e-commerce industry have boosted the parcel delivery market. The global parcel delivery market is expected to expand during the forecast period as the penetration of internet and preferences of customers for shopping are changing. This, in turn, is anticipated to boost consumer spending on online shopping, which is expected to be ultimately delivered to the customer via parcel delivery.
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Expansion of transportation and automotive industries has propelled the parcel delivery market as it has made parcel delivery easy, safe, and convenient. Moreover, rise in globalization is also anticipated to drive the parcel delivery market. Adoption of new technologies, logistic methods, and innovative vehicles is likely to drive the parcel delivery market. Consistent demand for local delivery, food commodities, agricultural goods, and bulk delivery is expected to offer significant opportunities for key players operating in the parcel delivery market.
Transportation of goods and services, domestically and internationally, is a major driver of the parcel delivery market. Increasing demand for parcel in e-commerce, mails (postal), online food, etc., is boosting the parcel delivery market. Major restraints of the parcel delivery market are transportation strikes, prices of fuel, and government regulations about logistics and transportation.
The global parcel delivery market can be segmented based on deployment, end-user, vehicle type, service, and region. Based on end-user, the parcel delivery market can be bifurcated into retail, petroleum, defense, chemical, construction, logistics & shipping, and government organizations. In parcel delivery, road transportation is widely preferred for the transportation of goods from one location to other, as it is safe, secure, and an efficient means of transportation. Based on deployment, the parcel delivery market can split into indoor and outdoor terminals.
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Key players operating in the global parcel delivery market include Bell and Howell, Cleveron Ltd., TZ Ltd., LLC, KEBA AG, ENGY Company, Neopost Group, ByBox Holdings Ltd., InPost, Smartbox Ecommerce Solutions Pvt. Ltd., and Amazon.com, Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
