Dublin, July 15, 2021 (GLOBE NEWSWIRE) -- The "North America Express Delivery Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Destination, Business Type, and End-user" report has been added to ResearchAndMarkets.com's offering.
Domestic Market to Dominate the Market
North America Express Delivery Market is expected to reach US$ 94,936.66 million by 2027 from US$ 66,508.22 million in 2020. The market is estimated to grow at a CAGR of 5.2% from 2020 to 2027.
The report provides trends prevailing in the North America Express Delivery Market along with the drivers and restraints pertaining to the market growth. Growing adoption of e-commerce among the population, raising investments by companies on same-day delivery of consumer goods and integrated use of technology in express delivery operations are the major factor driving the growth of the express delivery market. However, heavy cost associated with express delivery hinder the growth of express delivery market.
Favorable government policies to boost innovation and reinforce infrastructure capabilities, North America have the highest acceptance and development rate of emerging technologies. Any impact on industries is therefore projected to have a negative influence on the region's economic development.
Currently, due to the COVID-19 outbreak, the US is the world's worst affected country, thus affecting the sudden stands still across all the industries present in the region. Millions of Americans sit at home in the midst of the COVID-19 crisis thereby reducing the rate of online shopping and their demand for express delivery of the purchased item across the region.
However, the healthcare industry has been utilizing the services of the express delivery companies even during the outbreak of the pandemic. But the share of services utilized by other industries stands more when compared to the healthcare sector, thereby, impacting the market negatively. However, the companies across the region are taking necessary steps to reduce the impact of losses incurred during the pandemic.
North America express deliver market is segmented based on destination, business type, and end users. Based on destination, the North America express delivery 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 thers. 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.
Amazon.com, Inc.; Aramex; DHL International GmbH; FedEx Corporation; TNT Holdings B.V.; and United Parcel Service of America, Inc. are among some of the leading companies in the North America express deliver market.
The market players focus on new product innovations and developments in order to achieve sustainable growth and to distinguish themselves among competitors present in the highly competitive express delivery market.
For instance, Amazon.com, Inc. keeps buying jets to move closer to a 30-minute delivery dream. As last week, Amazon announced it was buying 11 Boeing 767-300 jets for its air-cargo division, mostly to get products to prime subscribers.
Key Topics Covered:
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
4. North America Express Delivery - Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Express Delivery Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Adoption of E-Commerce Among Worldwide Population
5.1.2 Raising Investments by Companies on Same-Day Delivery of Consumer Goods
5.2 Market Restraints
5.2.1 High Price Associated with Express Delivery
5.3 Market Opportunities
5.3.1 Integrated use of Technology in Express Delivery Operations
5.4 Future Trends
5.4.1 Improved Adoption of Express Delivery to Offer Better Customer Experience
5.5 Impact Analysis of Drivers and Restraints
6. North America Express Delivery - Market Analysis
6.1 Express Delivery Market Overview
6.2 North America: Express Delivery Market - Revenue and Forecast to 2027 (US$ Million)
7. North America Express Delivery Market Analysis - By Destination
7.2 Express Delivery Market, by Destination (2019 and 2027)
8. North America Express Delivery Market Analysis - By Business Type
8.2 North America Express Delivery Market, by Business Type (2019 and 2027)
9. North America Express Delivery Market Analysis - By End-User
9.2 Express Delivery Market, by End-User (2019 and 2027)
9.6 IT and Telecom
9.8 Retail and Ecommerce
10. North America Express Delivery Market - Country Analysis
10.1 Overview North America: Express Delivery Market
10.1.1 North America: Express Delivery Market, By Country
11. Impact of COVID-19 Pandemic on North America Express Delivery Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Impact of COVID-19 Pandemic in North American Country Markets
12. Industry Landscape
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
DHL International GmbH
TNT Holdings B.V.
United Parcel Service of America, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/z6m18i
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