According to a new market research study on “North America Express Delivery Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Destination, Business Type, and End- users,” is expected to reach US$ 94,936.66 million by 2027 from US$ 66,508.22 million in 2020. The market is estimated to grow at a CAGR of 5.2% from 2020 to 2027. The report provides trends prevailing in the North America Express Delivery Market along with the drivers and restraints pertaining to the market growth. Growing adoption of e-commerce among the population, raising investments by companies on same-day delivery of consumer goods and integrated use of technology in express delivery operations are the major factor driving the growth of the express delivery market. However, heavy cost associated with express delivery hinder the growth of express delivery market.
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Key companies profiled in this research study are: Amazon.com, Inc.; Aramex; DHL International GmbH; FedEx Corporation; TNT Holdings B.V.; and United Parcel Service of America, Inc.
The report segments the North America Express Delivery Market as follows:
North America Express Delivery Market – By Destination:
North America Express Delivery Market – By Business Type:
North America Express Delivery Market – By End-user:
Retail and E-commerce
IT and Telecom
North America Express Delivery Market – By Country:
Favorable government policies to boost innovation and reinforce infrastructure capabilities, North America have the highest acceptance and development rate of emerging technologies. Any impact on industries is therefore projected to have a negative influence on the region’s economic development. Currently, due to the COVID-19 outbreak, the US is the world’s worst affected country, thus affecting the sudden stands still across all the industries present in the region. Millions of Americans sit at home in the midst of the COVID-19 crisis thereby reducing the rate of online shopping and their demand for express delivery of the purchased item across the region. However, the healthcare industry has been utilizing the services of the express delivery companies even during the outbreak of the pandemic. But the share of services utilized by other industries stands more when compared to the healthcare sector, thereby, impacting the market negatively. However, the companies across the region are taking necessary steps to reduce the impact of losses incurred during the pandemic.
North America express deliver market is segmented based on destination, business type, and end users. Based on destination, the North America express delivery 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 thers. 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.
Business Market Insights dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Major Features of North America Express Delivery Market Report:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Express Delivery Market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the North America Express Delivery Market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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