Global Express and Small Parcels

Market Sizing 11 1.1 Global 11 1.1.1 International and Domestic 11 1.1.2 B2B/B2C 13 1.2 Market Size by Region16 1.2.1 Asia Pacific 17 1.2.2 Europe 19 1.2.3 North America 21 Market Trends 22 2.1 GDP Trends 22 2.1.1 Europe 22 2.1.2 North America 24 2.1.3 Asia Pacific 25 2.2 e-commerce 26 2.2.1 Global Overview 26 2.2.2 Asia Pacific 29 2.2.3 North America 30 2.2.4 Europe 32 2.2.5 B2B e-commerce 33 2.3 Sustainability 34 2.3.1 Carrier Sustainability Profiles 34 2.3.2 Electric Vehicle Manufacturers 38 2.4 PickUp DropOff Networks 39 2.4.1 Hivebox 40 2.4.2 InPost 41 2.4.3 Deutsche Post DHL 42 2.4.4 La Poste / GeoPost 42 2.4.5 Amazon Hub 42 2.5 Last-Mile Start-Ups 43 2.5.1 Beelivery 43 2.5.2 Budbee 44 2.5.3 Milkman Technologies 44 2.5.4 Ninja Van 45 2.5.5 Urbantz 46 2.5.6 Veho 47 Competitive Landscape 49 3.1 Competitor Ranking 49 3.1.1 Parcels Revenue 49 3.1.2 Parcels Volume 49 3.1.3 Revenue Per Parcel 50

3.2 Integrator Comparison 51 3.2.1 Revenue 51 3.2.2 EBIT Margin Comparison 53 3.2.3 Volume Growth Comparison 54 3.2.4 Revenue Per Piece 56 3.2.5 Integrator Ground Operations Comparison 56 3.2.6 Vertical Sectors Driving Growth 57 3.3 Parcel Market Pricing and Yield 58 3.3.1 Parcel Pricing decline somewhat stalled by government policy 58 Company Profiles 61 4.1 DHL Parcels 61 4.2 UPS Parcels 63 4.3 FedEx Parcels 66 4.4 USPS 68 4.5 Royal Mail (and GLS) 72 4.6 La Poste (and DPD) 74 4.7 Yamato 77 4.8 Sagawa 79 4.9 Correos 81 4.10 Poste Italiane 82 4.11 SF Express 84 4.12 Yunda Express 85 4.13 YTO Express 86 4.14 ZTO Express 87 4.15 STO Express 89 Market Forecast 90 5.1 Market Forecast by Value 90 5.1.1 Asia Pacific 91 5.1.2 Europe 92 5.1.3 North America 94 5.2 GDP Forecast 96 5.2.1 Europe 96 5.2.2 North America 97 5.2.3 Asia Pacific 98 5.3 e-commerce Forecast 99 5.3.1 Asia Pacific 100 5.3.2 North America 101 5.3.3 Europe 102

B2C takes 60.3% of the global express market in 2021

The 2021 global express and small parcels market was driven by strong domestic and cross-border e-commerce sales, but growth is set to slow, warn analysts from transport consultancy Ti, in latest research report – Global Express and Small Parcels 2022.

The global express and small parcels market grew by 12.2% y-o-y in 2021, with the B2C segment accounting for over half of the market’s value. The latest report from Ti –  the leading provider of market research to the global logistics industry – shows that market value growth slowed only slightly in 2021 as lockdown restrictions eased and more people returned to physical stores, remaining above pre-pandemic growth rates.

The Global Express and Small Parcels Report  ̶   written by industry researchers, analysts and associates  ̶  is one of several reports published each year by the Ti team, utilising data from its GSCI knowledge portal, a data powerhouse with over 1m pieces of data and analysis.

The report takes an in-depth look at the core trends influencing the market, such as GDP and e-commerce growth, sustainability trends, PUDO network growth and the saturation of last-mile start-ups.

Report Highlights:

• In 2021, six out of seven regions saw double-digit express market growth. Asia Pacific and North America outpaced global growth, with Asia Pacific remaining the largest express market.
• The B2C segment dominates the express market globally and in all three of the major regions. Ti expects the B2C segment to represent 65.9% of the express and small parcels market by 2026.
• The integrators dominate the global parcels market. UPS is the market leader in terms of revenues, with €67.5bn of parcels-related revenue. In 2021, carriers continued to see strong growth in terms of parcel revenue, even after Covid restrictions were lifted.
• Parcel shops and lockers have grown significantly in recent years. It is estimated that there are more than 1.8m pudo locations globally of which 1.2m are parcel shops. Pudo networks continue to be expanded and new networks are being rolled out in most countries. A high percentage of the global population are now within a short distance of one or more pudo locations. 
• The global express market is expected to grow at a slower pace in 2022 (9% y-o-y) than in 2021 however, reaching a market value of €503,534m. This trend is present across both the international and domestic segments, with both expected to see slower single-digit growth rates in 2022 (International: 8.3% y-o-y; Domestic: 9.1% y-o-y).
• Persistent macroeconomic trends such as intensifying inflation challenges, the ongoing Ukraine-Russia war, high energy prices, continued supply chain disruptions, and fresh lockdowns in China are expected to set the global economy on a downward trajectory in the coming year, with World Trade Organisation economists reassessing world trade projections over the next two years.

The full report – available here – also provides a snapshot of last-mile provider profiles, as well as market forecasts.

Nia Hudson, one of Ti’s Research Analysts, said “strong demand from the retail e-commerce sector, paired with recovering GDP, helped fuel growth in the express market during 2021. However, the market now faces several headwinds. This includes persistent macroeconomic trends such as intensifying inflation challenges, the ongoing Ukraine-Russia war, high energy prices, continued supply chain disruption, and fresh lockdowns in China, which are expected to set the global economy on a downward trajectory over the next year.”