Market Introduction
The European region comprises Germany, France, Italy, the UK, Switzerland, and the Rest of Europe. Sweden, the Netherlands, and Belgium, among others, are considered under the Rest of Europe region. 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.
The impact of COVID-19 differed from country to country across the European region as selected countries witnessed an increase in the number of recorded cases and subsequently attracted strict as well as longer lockdown periods or social isolation. However, Western European countries such as France, Russia, the United Kingdom, Italy, Germany and others have seen a comparatively modest decrease in their growth activities because of the strong healthcare system. In order to protect its citizens from the virus, the European government has made tremendous investments in incorporating technologies in its healthcare systems to help identify signs of the virus. Due the sudden outbreak of the corona virus and lockdown across almost major countries in the Europe, the region has observed a drop in courier and parcel services. The closedown of all activities including ecommerce has slowed down the adoption of express delivery services across the market. The healthcare sector has been continuously using the services even during the temporary closedown phase to ensure availability of medicines and hospitals supplies across the region. Thus, the above mentioned factors implies a negative impact on the express delivery market due to COVID-19.
Market Overview and Dynamics
The express delivery market in Europe is expected to grow from US$ 98,057.09 million by 2027 from US$ 61,898.13 million in 2020. The market is estimated to grow at a CAGR of 6.8% from 2020 to 2027. High adoption of express delivery has been observed across major essential sectors—such as food & beverages and healthcare—in all major economies worldwide. The demand from global population to receive the items to be delivered in the same day or to be delivered maximum in a day’s time has increased over the years. For instance, the demand for same day deliveries from the population for groceries is about 64%, healthcare products are 46%, specialty snacks are 42%, alcohol is 41%, and other household products is 28%. The highest adoption is noticed across the healthcare sector. In healthcare, proper prioritization reduces misery and saves lives. There must be access to high-tech medical devices and work around the clock, all year round. It is essential to deliver critical samples and medicines on time, without being tempered in the process of transportation. In the healthcare sector, high demands for quality, availability, accuracy, and cost control place similarly high expectations on logistic solutions. Thus, the above-mentioned factors are likely to influence the growth of the Europe express delivery market during the forecast period.
Key Market Segments
Europe express delivery market is segmented based on destination, business type, and end users Based on destination, the Europe express delivery market based on destination is segmented into domestic and international. The domestic segment accounted for the highest share in the market in 2019 and international segment is expected to be fastest growing during forecast period. Based on business type, is segmented into B2B and B2C. The B2B segment accounted for the highest share in 2019 and B2C sector is expected to be the fastest growing during forecast period. Based on end-user, the market is segmented into automotive, retail and e-commerce, pharmaceuticals, BFSI, IT and telecom, electronics, and others. The automotive segment accounted for the highest share in 2019 and retail and automotive sector is expected to be the fastest growing during forecast period
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on express delivery market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Amazon.com, Inc.; Aramex; DHL International GmbH; FedEx Corporation; koninklijke Postnl; poste Italiane; TNT Holdings B.V.; and United Parcel Service of America, Inc. among others.
Reasons to buy report
EUROPE EXPRESS DELIVERY MARKET SEGMENTATION
Europe Express Delivery Market – By Destination
Europe Express Delivery Market – By Business Type
Europe Express Delivery Market – By End-user
Europe Express Delivery Market – By Country
Europe Express Delivery Market Company Profiles