Following 2020’s e-commerce boom and impressive express and small parcels market growth, Ti’s latest post-Covid market projections reveal express market growth will slow slightly, with 2021 growth forecast at 8.9%.
The international market is expected to grow by 10.0%, driven by a rapid rise in global trade volumes, as well as continued substantial cross-border e-commerce volumes. The domestic express market is expected to grow by 8.6% in 2021, a moderation from 2020’s 13.2% growth as e-commerce adoption rates stabilise.
Ti’s forecasts show that the global express and parcels market is forecast to grow at a real 2020-2025 compound annual growth rate (CAGR) of 7.5%.
Download the full analysis in our brand new whitepaper. The whitepaper contains a breakdown of post-Covid 2021 growth expectations, 2020-2025 CAGR projections and regional, domestic and international performance.
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