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Express delivery grows while other logistics markets shrink

THE express parcel delivery market has achieved accelerated growth while all other logistics markets have contracted, according to the UK's Transport Intelligence's Global Express & Small Parcels 2020 report

22 December 2020 - 19:00
THE express parcel delivery market has achieved accelerated growth while all other logistics markets have contracted, according to the UK's Transport Intelligence's Global Express & Small Parcels 2020 report.

Express growth has been accelerated by the Covid crisis, with the market expected to expand 7.9 anually, it said.



Both emerging markets and developed economies are projected to show strong growth over the course of the year and over the forecast horizon, said the Ti report.



Domestic growth has accelerated this year, with lockdown-induced e-commerce growth a key feature over H1 and this trend is expected to continue throughout the rest of 2020.



International growth has accelerated too, with growth over the full year expected to exceed first half growth, as a result of manufacturing supply chains re-starting post-lockdown and cross-border e-commerce Asia Pacific maintains the strongest five-year growth potential, with the market expected to grow at double digit percentage rates over this time frame.



The US market is projected to grow by 12.5 per cent over 2020. Over the course of 2020 the integrators have benefitted greatly from the market's growth, especially through the third quarter as the economic bounce back took hold and many shippers resorted to using express networks because of tight air freight capacity, the report said.



'The surge in volumes moving through express networks through Q3 has helped push up revenues, with DHL reporting a 14.6 per cent year-on-year increase and UPS showing a 15.5 per cent year-on-year increase in Q3. Margins have also held up strongly with the volume and revenue rises,' said the report.



Express providers have seen strong growth in their international business and expect growth in cross border e-commerce to continue drive that expansion through to 2024 and beyond.



The report provides insights into the new opportunities in on-demand and grocery delivery, showing how these trends may benefit the likes of Alibaba, Amazon and Walmart, rather than the traditional last mile players.


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