Global Market Research Reports

  Overview and Scope Parcel delivery refers to the process of transporting packages or parcels from a sender to a recipient, typically through a courier or delivery service. It involves the collection of parcels from the sender, sorting and routing them through distribution centers or hubs, and delivering them to the intended recipient's address.   Sizing and Forecast The parcel delivery market size has grown strongly in recent years. It will grow from $450.01 billion in 2023 to $474.15 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%.   The growth in the historic period can be attributed to e-commerce growth, rising customer expectation, regulatory changes, and last-mile logistics.   The parcel delivery market size is expected to see strong growth in the next few years. It will grow to $592.50 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%.   The growth in the forecast period can be attributed to last-mile innovation,...