Parcel can be defined as goods or objects wrapped in a paper, or sealed in envelope, or a box and the process of delivering a parcel to a particular destination via road, rail or air, is known as parcel delivery. Increase in penetration of the internet and expansion of the e-commerce industry have boosted the parcel delivery market. The global parcel delivery market is expected to expand during the forecast period as the penetration of internet and preferences of customers for shopping are changing. This, in turn, is anticipated to boost consumer spending on online shopping, which is expected to be ultimately delivered to the customer via parcel delivery. Expansion of transportation and automotive industries has propelled the parcel delivery market as it has made parcel delivery easy, safe, and convenient. Moreover, rise in globalization is also anticipated to drive the parcel delivery market. Adoption of new technologies, logistic methods, and innovative vehicles is likely to drive the parcel delivery market. Consistent demand for local delivery, food commodities, agricultural goods, and bulk delivery is expected to offer significant opportunities for key players operating in the parcel delivery market.
Transportation of goods and services, domestically and internationally, is a major driver of the parcel delivery market. Increasing demand for parcel in e-commerce, mails (postal), online food, etc., is boosting the parcel delivery market. Major restraints of the parcel delivery market are transportation strikes, prices of fuel, and government regulations about logistics and transportation.
The global parcel delivery market can be segmented based on deployment, end-user, vehicle type, service, and region. Based on end-user, the parcel delivery market can be bifurcated into retail, petroleum, defense, chemical, construction, logistics & shipping, and government organizations. In parcel delivery, road transportation is widely preferred for the transportation of goods from one location to other, as it is safe, secure, and an efficient means of transportation. Based on deployment, the parcel delivery market can split into indoor and outdoor terminals. Based on vehicle type, the parcel delivery market can be differentiated into LCV and HCV. LCV and HCV is further sub-segmented into pick-ups, vans, and trucks & Lorries. In terms of region, the global parcel delivery market can be segmented into Europe, Middle East & Africa, Latin America, Asia Pacific, and North America. Asia Pacific is expected to be a major market for parcel delivery, as this region is home to major industries and automobile manufacturers. China and India contribute to the increase in demand for parcel delivery, as these countries have high export and import of goods, which drives the parcel delivery market in the region. Europe accounts for a significant share of the global parcel delivery market, as it has a large presence of key players in the region.
Key players operating in the global parcel delivery market include Bell and Howell, Cleveron Ltd., TZ Ltd., LLC, KEBA AG, ENGY Company, Neopost Group, ByBox Holdings Ltd., InPost, Smartbox Ecommerce Solutions Pvt. Ltd., and Amazon.com, Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.