Latest News- Express Delivery Market in Europe: Domestic is expected to lead the Application segment during 2025-2029
The Express Delivery Market in Europe is being driven by Growth of e-commerce industry in Europe
The Express Delivery Market in Europe is expected to grow at a CAGR of 5.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 18.91 billion. In the European express delivery market, companies are pursuing mergers and acquisitions (M&A) as a strategic growth approach. By executing M&A deals, firms can attain economies of scale in business operations, broaden their geographical reach through the acquisition of regional players, and unlock new growth prospects. Additionally, these transactions enable the creation of a larger customer base and a more extensive range of services, products, and solutions for the combined entity. In October 2023, DHL, a leading player in the sector, announced the acquisition of MNG Kargo Yurtici ve Yurtdisi Tasimacilik A.S., a prominent Turkish parcel delivery company, further expanding its global footprint.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Application (Domestic, International) Type (B2B, B2C, C2C) Geography (Europe).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Express Delivery Market in Europe Research Report
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The Express Delivery Market in Europe encompasses various sectors including regular mail and parcel delivery, food and beverage industry for perishable items and medication/medical supplies, same-day delivery for consumer goods and online shopping, and B2B and B2C operations in healthcare system, construction, and primary industries. Domestic and international markets, including domestic e-commerce and cross-border e-commerce, are key areas of focus. Express delivery operations play a crucial role in customer relationship engagement for medicines, hospitals' supplies, and other consumer needs in both the domestic and international arena.
The European express delivery market is a segment of the larger global air freight and logistics industry, encompassing companies specializing in parcel delivery, courier services, and supply chain management for the FandB industry, perishable items, medication, and medical supplies. According to Technavio, the global air freight and logistics market, which includes revenue from air freight transportation and associated services such as package and mail delivery and customs agents, is projected to grow due to the surge in cross-border e-commerce activities. This trend is particularly significant in Europe, where the convenience and speed of express delivery services are increasingly in demand for importing and exporting goods.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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