The express delivery market in Europe was valued at USD 49 billion in 2016 and is expected to surpass USD 59 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the express delivery market in Europe, under its transportation and distribution portfolio. This market analysis discusses the major drivers and key emerging trends and offers a competitive analysis of key vendors like Aramex, Deutsche Post DHL, FedEx, and UPS.
According to Sharan Raj, a lead analyst for transportation and distribution research at Technavio, “Growing demand for express delivery services in medical and emergency healthcare sectors is driving the express delivery market in Europe. Express delivery services for medical emergencies and urgent transportation of samples and specimens are vital for any hospital, medical clinic, or testing lab.”
Vendors in the European market are focusing on refining the delivery time of emergency medical supplies and samples by employing route optimization software to keep track of the delivery and to ensure timely delivery of the products. Beisdes this, they are also focusing on proper packaging of the healthcare products, to prevent the products from getting damaged during transportation and storage.
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Advances in IT-enabled technology in express delivery services
Parcel delivery companies are employing IT-enabled services, such as GPS tracking, online tracking, communication services, automatic updating of records, 2-D barcoding, and real-time tracking to provide hassle-free services to customers. IT-enabled services help make the business processes faster and more accurate than manual processes. They also help to increase the profitability of express delivery service providers.
Implementation of RFID technology in express delivery logistics
Radio-frequency identification (RFID) is a technology that is being employed by most supply chain and logistics company as it eliminates the need for scanning of every parcel with barcodes. RFID system can be accessed through longer distances through radio waves.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio market research report titled, ‘Express Delivery Market in Europe 2017-2021‘. Technavio also customizes reports by other geographical segmentations and specific segments upon request.
Other related reports:
- Global Refrigerated Road Transportation Market 2017-2021
- Global Insulin Delivery Systems Market 2016-2020
- Global Courier Express and Parcel Market 2016-2020
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