Express Delivery Market in Europe to grow at a CAGR of 4.61% during 2024-2028
The Express Delivery Market in Europe is expected to grow at a CAGR of 4.61% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 15.28 billion. In the European express delivery market, companies are pursuing mergers and acquisitions (M&A) as a strategic growth initiative. These transactions enable firms to broaden their market presence, expand service offerings, and realize economies of scale in various business processes. Additionally, M&A provides opportunities to establish a global footprint by acquiring regional players, open new growth avenues, and add synergistic value to the combined entity. In July 2023, DHL, a leading player, announced the acquisition of MNG Kargo Yurtici ve Yurtdisi Tasimacilik A.S., a Turkish parcel delivery company, to bolster its European network, customer base, and service portfolio.
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Technavio analysts predict that the Domestic subsegment will lead the Application segment during 2024 and 2028 The European express delivery market's domestic segment is pivotal in facilitating the expeditious transfer of parcels and packages within a country or among neighboring European nations. This segment is indispensable in addressing the burgeoning e-commerce industry's demands by ensuring punctual delivery of merchandise and bolstering various businesses. The European e-commerce sector's expansion is a significant catalyst fueling the growth of the domestic segment in express delivery. As consumers increasingly opt for online shopping, the requirement for dependable and swift delivery solutions within their respective countries is escalating. Consumers hold stringent expectations regarding delivery speed and convenience.
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There are several factors that are causing the market to flourish growth of e-commerce industry in europe
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The Express Delivery Market in Europe is witnessing significant growth, driven by the surge in cross-border e-commerce and the increasing demand for faster delivery times in both B2C and B2B sectors. Primary Industries such as Construction and the Healthcare system are major contributors to this market, with a high need for timely delivery of supplies and medicines. In the context of international markets, express delivery operations play a crucial role in customer relationship engagement for businesses dealing in consumer goods and online shopping. The European express delivery market caters to various sectors, including the F&D industry, where same-day delivery of perishable items is essential. Moreover, the healthcare sector's reliance on express delivery for the timely transport of medical supplies and medication is increasing, particularly in the context of the ongoing pandemic. The European express delivery market offers solutions for both domestic and international parcel delivery and regular mail services. Overall, the market's growth is expected to continue, driven by the increasing demand for efficient and reliable delivery services.
The express delivery market in Europe is a segment of the global air freight and logistics market, which encompasses the revenue generated by companies offering air freight transportation, courier services, and logistics solutions, including package and mail delivery and customs agents, within the broader global transportation industry. According to Technavio, the size of the global air freight and logistics market is determined by the revenue earned by providers of these services. Key growth drivers for this market include the surge in cross-border e-commerce activities, where customers purchase goods from outside their respective countries, necessitating efficient and reliable express delivery services.
The Express Delivery Market in Europe is experiencing significant growth, fueled by the growth of e-commerce industry in europe. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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