Asia Pacific Express Delivery Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Destination (Domestic and International), Business Type (B2B and B2C), and End-user (Automotive, Retail and E-commerce, Pharmaceuticals, BFSI, IT and Telecom,

Asia Pacific Express Delivery Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Destination (Domestic and International), Business Type (B2B and B2C), and End-user (Automotive, Retail and E-commerce, Pharmaceuticals, BFSI, IT and Telecom, Electronics, and Others)

The express delivery market in Asia Pacific is expected to grow to US$ 171,472.25 million by 2027 from US$ 104,999.38 million in 2020. The market is estimated to grow at a CAGR of 7.3% from 2020 to 2027. High adoption of express delivery services has been observed across major essential sectors—such as food & beverages and healthcare—in all major economies worldwide. In the healthcare sector, appropriate prioritization of various tasks is necessary for saving lives and avoiding undesirable circumstances. A continuous access to high-tech medical devices and the culture of working around the clock are the two key aspects of this sector. The delivery of critical samples and medicines on time without being tempered in the process of transportation is the prime requirement of the sector.

The COVID-19 pandemic has dramatically affected APAC countries; and India is the worst-affected country in the region. The region is home to the largest population across the world, which is imposing greater risk of transmission of contagious diseases, such as COVID-19. Moreover, many leading brands around the world have their presence in the region. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has affected other major economies such as China, India, Australia, and Japan, and these countries are experiencing downward inflation. The sudden shutdown of all economic activities across APAC has severely affected the delivery service industry. Manufacturing sites have temporarily suspended or lowered the import and export activities on an urgent basis. Additionally, the nationwide lockdown imposed across major economies such as Australia, India, and China have impacted the e-commerce market, in addition to the essentials market, thereby hindering the express delivery market performance in APAC. However, the healthcare sector has been adopting these services for ensuring proper supply of drugs and other commodities across hospitals, clinics, and home cares.

Based on end-user, the express delivery market is segmented into Automotive, Retail and E-commerce, Pharmaceuticals, BFSI, IT and Telecom, Electronics, and Others; the automotive segment led the express delivery market based on end-user in 2019. The automotive sector utilizes the express delivery services for the transportation of manufactured cars from manufacturing units to various sales points within or outside the countries. Various modes of transportation used for the delivery of automotive products include road, rail, overseas, and air. United Carriers Company OÜ offers express delivery services for the automotive sector. It offers a cost-effective, door-to-door service to both enterprises and customers without making compromises in the service quality.

The Asia Pacific express delivery market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Asia Pacific express delivery market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data as well as to gain more analytical insights into the topic. The participants typically involved in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the Asia Pacific express delivery market. Amazon.com, Inc.; Aramex; Delhivery Private Limited; DHL International GmbH; FedEx Corporation; SF Express (Group) Co. Ltd; TNT Holdings B.V; and United Parcel Service of America, Inc. are among the key market players in the region.

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