Parcel Delivery Market

Increase In Penetration Of The Internet And Expansion Of The E-Commerce Industry
Have Boosted The Parcel Delivery Market
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. 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.
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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. Based on vehicle
type, the parcel delivery market can be differentiated into LCV and HCV. LCV and
HCV is further sub-segmented into pick-ups, vans, and trucks & Lorries. In terms of
region, the global parcel delivery market can be segmented into Europe, Middle East
& Africa, Latin America, Asia Pacific, and North America. Asia Pacific is expected to
be a major market for parcel delivery, as this region is home to major industries and
automobile manufacturers. China and India contribute to the increase in demand for
parcel delivery, as these countries have high export and import of goods, which
drives the parcel delivery market in the region. Europe accounts for a significant
share of the global parcel delivery market, as it has a large presence of key players
in the region.
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.
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projections featured in the report have been derived using proven research
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repository of analysis and information for every facet of the market, including but
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Parcel Delivery Market

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