Package Delivery Industry

Part
01
of one
Part
01

Package Delivery Industry

In 2018, the global package delivery industry was valued between $325 to $360+ billion; the industry is projected to reach $400 billion by 2024. Further, the package delivery industry has grown from $89 billion in 1998 to over $360 billion in 2019, registering a CAGR of 6.9%. The top companies with the largest market share include DHL at 39%, followed by FedEx at 30%, UPS at 22%, and others at 9% market share.

Global Parcel Delivery Market Size: 2018-2019

  • According to the 2019 reports by IBISWorld, Beroe Inc, and Statista, the global industry revenue is estimated to be about $325 billion, $336 billion, and $361.59 billion, respectively.
  • In 2019, the global package delivery industry comprised 580,947 businesses, employing a workforce of 4,143,071 individuals.

Industry Projections: 2019-2025

  • The Pitney Bowes report forecasts volume growth at 13.7% (CAGR) between 2019-2023 and projects to cross 200 billion parcels annually by 2025.
  • According to Mordor Intelligence, the global courier, express, and parcel (CEP) market will reach $400 billion by 2024, growing at a CAGR of 8-10% (2019-2024).
  • According to the Pitney Bowes Parcel Shipping Index report, the global parcel volume was 74 billion in 2017 and reached 87 billion in 2018, registering a growth of 17.56%.

Industry Growth: 1998-2019

Global Parcel Delivery Market Share

  • In 2018, Asia Pacific held the largest market share at 41%, followed by North America and Europe together at 50%.
  • In 2017, the breakup of revenue generated by major regions included Asia-Pacific at $122 billion, North America at $112.7 billion, Europe at $77.2 billion, and Middle East-Asia at $7.4 billion.
  • In 2018, the top 13 countries with the highest number of parcel deliveries, generated a revenue of $317 billion. Alternatively, the top-3 countries (China, US, and Japan) accounted for 83% of global parcel delivery volume in 2018.
  • China represents about 68% of the total Asia-Pacific market by value. Also, China is the largest market by volume at 51 billion annual parcel deliveries in 2018; it is followed by the US with 13 billion parcel deliveries, Japan with 9 billion deliveries, UK, and Germany with 3.5 billion deliveries each.
  • The United States market revenue stood at $119 billion, followed by China with $91 billion.
  • The global package industry comprises integrators having a 37% market share, followed by postal operators with 24% revenue share, and other private-sector carriers having about 39% market share.

Industry Growth Drivers

Top Players

  • According to recent reports by Apex Insight and IBISWorld, the largest global carrier by parcel revenue is UPS, followed by FedEx, Deutsche Post (DHL), and USPS.
  • A recent data set published by Statista featured the market share of DHL to be 39% in 2018; FedEx followed it at 30%, UPS at 22%, and others at 9%. Alternatively, UPS held the largest market share of 19.6% in 2014; FedEx followed it at 14.2%, DHL at 9.4%, Yamato Holdings at 4.7%, and TNT express at 3.7%.
  • DHL registered the highest growth in market share from 29% in 2010 to 39% in 2018. Alternatively, UPS and other service providers witnessed a market share decline of 1% and 3% during the same period, respectively.
  • FedEx held a market share of 29% in 2010, but the company's market share declined to 24% in 2017. Further, the company acquired TNT Express in 2016, resulting in a market share increase to 30% in 2018.
  • Top players in the American package delivery industry include FedEx (43%), UPS (33%), DHL (20%), TNT (1%), and others (4%).
  • Top players in the European package delivery industry include DHL (44%), UPS (24%), TNT (11%), FedEx (10%), and others (11%).
  • Top players in the Asia-Pacfic package delivery industry include DHL (49%), FedEx (19%), UPS (11%), TNT (4%), and others (17%).
Sources
Sources