Global Express Delivery Market Report 2021-2027 - Increasing Investments by Companies on Same-Day Delivery of Consumer Goods
DUBLIN, April 12, 2021 /PRNewswire/ -- The "Express Delivery Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Destination; Business Type; End-User and Geography" report has been added to ResearchAndMarkets.com's offering.
APAC Express Delivery Market to Grow at Highest CAGR during Forecast Period
Several vendors present in North America are increasingly focusing on providing distinct types of services, such as packaging, product grading, assortment, online parcel tracking, email alerts, mobile applications, and SMS alerts.
Furthermore, the adoption of software-as-a-service (SaaS) is more prevalent in BFSI, logistics and transportation, electronics, retail, and E-commerce sectors of North America than other verticals. The region is moving to adopt advanced technologies to digitalize every vertical industry present in the region, and thus, boosting the adoption of cloud services from SaaS.
The constant growth in North America's online food and medicine delivery market is further driving the demand for express delivery. Rising urban population, lack of domestic assistance and busy lifestyles are constantly demanding the express food and medicine delivery option in the region. High living standards of individuals continue to spur the demand for express online food and medicine delivery services in the region.
All the factors mentioned above are expected to contribute to market growth during the forecast period. The market is expected to witness a slight decline in growth over the next few years, due to the negative impact of COVID-19. However, it is expected to rise again at a healthy pace after the COVID-19 pandemic is over.
The fashion retail industry in the European region is one of the crucial sectors. In 2019, the region showed promising results for tech investments in Europe as, despite the UK and EU economic slowdowns; European tech continued to break records. Furthermore, economically strong countries, such as the UK, Italy, and Spain, are observing significant development in the implementation of express delivery solutions for the optimization of supply chains across various end-user sectors, such as pharmaceuticals, retail and e-commerce, automobile, and food & beverages, across the region.
E-commerce and online retail are key drivers for the surge in demand for express delivery or same-day delivery. The global warehouse and storage market in Europe grows annually by ~2-3% due to the growth in online retail and e-commerce sectors.
In the past 3 years, industrial warehousing properties recorded healthy demand from investors due to huge returns of about 8.5% over other assets.
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