Global Parcel Delivery Market Insight Report 2019

£2,445£4,475

 

Published: March 2019
Pages: 282
Format: PDF & expert call

 

 

 

 

 

Additional content
and updates

Sign-up to receive
updates on
our research in the
areas you choose.

SKU: N/A Category:
Share

Description

Global Parcel Delivery Market Insight Report 2019

 

Summary

The global parcels market was almost US$380bn in 2018, up from just over US$340bn in 2017.

Asia Pacific is the largest regional parcels market by value, accounting for around 41% of the global market. North America and Europe together represent a little over 50% of the market.

China is the key growth market, representing almost 68% of the Asia-Pacific regional total by value. Chinese volumes reached 51bn in 2018.

The US is still the largest country market in value terms, although China has surpassed it in volume. In Europe, Germany remains the largest market with the UK having been the fastest-growing of the main countries (7.2% CAGR); as a result of its large online retail sector.

Online retail is the main driver of growth in parcel delivery volumes.
– Global online sales were in excess of US$2.7trn in 2018, having grown at a rate of 24% per year.
– The largest online retail country markets are the US, UK, China and Japan.
– China has had online retail growth of more than 37% per year.

Growth is high in both emerging and developed economies.

Globally, online accounts for slightly over 10% of total retail sales, up from around 5% in 2012.
Global online retail

The traditional hub and spoke model remains very important, but some carriers and new entrants to the market are exploring both variations on, and alternatives to, it.

Same day deliveries are becoming more widely offered with a series of on-demand providers such as Glovo, On the dot, Deliv and Stuart offering immediate delivery for a premium, and routed services providing afternoon / evening delivery

Postal operators are becoming more focused on parcels as their mail volumes fall. As they do so, they are becoming more commercial and more international.

Third party brokers continue to grow in serving the C2X segment, in particular in European markets, where there are often several alternative carriers

B2B parcel volumes are growing at slower rates than GDP in most markets as a result of several widespread such as improved equipment reliability and flatter supply chains.

Market Trends

In response to the growth, and demands, of online retailers, a lot of effort is being put into improving last mile services, both by incumbent carriers, large retailers themselves, and other parties such as independent parcel shop and locker networks

Leading online retailers, led by large marketplaces such as Amazon and Alibaba – which now account for almost a third of global online retail between them – are increasingly getting involved in delivery, reflecting the strategic importance of it to their business models. Their large volumes give them significant market power.

Carriers are investing in improving their information systems, both to provide better information on delivery to end customers and to improve their operational effectiveness

New technology is being applied more and more widely throughout carrier operations, from automated sorting and robotics in hubs and depots to trials of drones and robots for the last mile and use of blockchain contracts

Competitive landscape

The market is served by a combination of national postal operators, the global integrators and smaller, privately owned couriers.

The integrators have a global market share of around 37% by revenue. Postal operators have around 24%, with other private sector carriers having the remaining 39%.

The integrators focus on international traffic, in particular in and out of their core markets of Europe and North America. This has a much higher revenue per parcel, hence their volume market shares are significantly lower than their shares by value.

Asia and, in particular, China – where they have not been able to establish significant domestic operations – represents the biggest strategic opportunity, and challenge to their otherwise strong market position.

Some postal operators, such as the big 3 European operators (including DHL, owned by Deutsche Post), China Post and Japan Post, and also those in some smaller markets, have developed significant parcels operations. These have helped them offset the decline in their mail volumes. Most postal operators are strong in domestic services. Many also offer international services, via alliances and partnerships, which are usually competitively priced but cannot match integrator service levels.

There are a large number of other privately-owned carriers worldwide. The largest are:
– The Japanese carriers, Yamato and Sagawa
– The Chinese carriers: SF Express, ZTO, YTO, Yunda and Best Express
– Hermes, which is strong in Germany and the UK and has a presence in other European countries
Market map
UPS is the largest carrier by parcel revenues. However, FedEx has closed the gap since its acquisition of TNT Express, with third-placed Deutsche Post DHL around half the size. Despite their global profile, their large US domestic businesses account for the bulk of UPS and FedEx revenues.

 

Outlook

The market will continue to grow over the period 2018-2023. This is supported by
– Expectations of continued online retail growth, both in leading home shopping markets such as China, the US, UK and Japan; and less-mature markets, which are expected to catch up, to a degree, over the next few years.
– The on-going globalisation of supply chains with increased reliance on just-in-time production leading to ever-higher dependence on parcel carriers.

We believe that China will overtake the US to become the largest market by value by 2021. The lack of exposure to the rapidly-growing Chinese domestic market means that the global share of the integrators is likely to continue to fall.

 

What does the report cover?

The report covers the parcels market at the global level and region-by-region.
– There is necessarily most focus on the top 10 country markets (US, Canada, Germany, UK, France, Italy, China, Japan, India and Brazil), although our historical and forecast market size and growth estimates are provided for all countries.
– There are in-depth sections on the two largest global markets – the US and China – and on the key growth area of South East Asia

The report provides historical and forecast market sizes covering the period from 2013-2023. Adjacent services, such as mail, pallet distribution, groupage, freight forwarding, same-day courier and contract logistics are excluded wherever possible.

Market information is quoted in value terms and on a constant currency basis (to remove distortions due to exchange rate movements). Volume information is presented where available.

The report includes in-depth profiles of the following companies:
– UPS
– FedEx
– Deutsche Post DHL
– Yamato
– SG Holdings (Sagawa Express)
– Japan Post Group
– United States Postal Service (USPS)
– Royal Mail Group
– La Poste Group (GeoPost)

The report draws on:
– Apex Insight’s work on the parcels markets in several key countries and regions
– Our consulting work in the industry which has included advising on market and strategic issues and the attractiveness of parcel company acquisitions

Clients purchasing it are entitled to have an expert call with our analysts to discuss its findings and any questions that they may have on it or the market in general.

Changes since the previous version

This report has been updated and extended since the previous edition in January 2018. Significant additions and changes include the following:
– All company financials, economic statistics and other figures have been updated to include the latest data. Where those figures are not available, our estimates of them have been re-evaluated and updated. More detailed financials for country operations have also been included.
– Drivers of the market have been updated and our market size and growth estimates reviewed and revised accordingly.
– The report now includes our historical and forecast market size and growth estimates for all countries.
– Our on-going work on the parcels sector has also allowed us to improve our market estimates by including more accurate revenues and some revenues from additional carriers and identifying, and therefore excluding, other non-parcels activity.
– Much greater detail on the two largest global parcels markets, China and the US, as well as other fast-growing regions such as South East Asia
– Expanded section which discusses ten key trends in the market and their likely significance

What are the sources and methodology?

The main sources for the report are
– Extensive desk research on the global parcel delivery market and its operators covering company accounts, websites and other sources
– Published information on key market drivers such as economic data and estimates of online retail levels and practices
– Interviews with senior-level contacts in the market

The key input to our market size estimates is a bottom-up analysis of the revenues of the parcel companies we have identified as operating in each of the main countries covered.

Adjustments have been made to compensate for missing data and to reflect the extent to which these companies are involved in other logistics activities in addition to parcels.

We have used this data as the basis on which to construct our market model.
– The model produces historical and forecast growth estimates covering the period from 2013-2023 which are based on trends in company revenue and drivers such as economic performance and levels and patterns of home shopping.
– The main model inputs and assumptions are discussed in detail in the report.

Who is it useful for?

The report is intended for:
– Owners and operators of parcel networks
– Customers of those networks, in particular, retailers who sell via the internet
– Investors in these businesses
– Market regulators and policymakers
– Banks, analysts, consultants and other parties with interests in the sector

 

Who was it written by?

The report was written by Frank Proud and Paul Chapman

Frank founded Apex Insight in 2012 and set up our Parcels and Delivery practice
His background is strategy consulting, with two firms, Bridgewater and Burlington, which were originally founded by ex-Bain teams. He has advised many clients across the logistics industry, from start-ups to global leaders.
Subsequently, he was a senior member of the Transaction Support team at EY, advising private equity firms and corporate acquirers on commercial due diligence and other acquisition-related issues.
He leads Apex Insight’s consulting work for investors and clients in the logistics industry.
He has an MA in Economics from Cambridge University.

Paul has extensive experience across a wide range of parcels, delivery and logistics markets
As well as having a leading role in Apex Insight’s research, he has worked on consulting assignments for clients and investors in the sector.
His previous experience includes being Logistics Research Manager at Datamonitor, co-founder of Analytiqa and a marketing / strategy role at Christian Salvesen.
He has a BA in Modern Languages with Business Studies from Swansea University

About this report 2
Background to the report 2
Summary 5
About Apex Insight 10
Global parcels market background 25
Market definition 25
Characteristics of the market 25
Business vs. consumer delivery 25
Other segmentations of the market 26
Premium / economy 26
International / domestic 27
Global parcels market size 28
Global parcels market size 28
Regional overview 28
Largest country markets 29
Global market drivers 30
Economic growth trends 30
Online retail 31
Internet retail growth by country 32
Internationalisation of online retail 33
Challenges of increased B2C deliveries for carriers 33
Global parcels market forecasts 35
Global market size 35
Global parcels market forecast by region / country 35
Europe 38
North America 39
Asia Pacific 40
South America 42
Africa 43
Middle East 44
Driver forecasts 45
Economic growth 45
Online retail 45
Risks to forecasts 47
Global market trends 49
1. Development of better last mile delivery solutions 49
Self-employed couriers 49
Parcel shops and locker networks 49
Delivery to the workplace 50
Home lockers and in-boot deliveries 51
2. Leading retailers playing a more active role in delivery 52
Amazon 52
Alibaba 54
JD.com 55
Argos 55
Click & Collect 56
3. Improvement in carrier systems supporting improved customer service 56
4. Increased use of technology in carrier operations 57
Hub and depot automation 57
Last mile delivery technology 57
PoD improvements 58
Blockchain 58
5. Variations in, or alternatives to, hub and spoke models 59
6. New entrants with different business models 60
7. Growth of same day delivery 61
8. Evolving role of postal operators 63
9. Increased role of brokers to serve the C2X segment 64
10. Supply chain trends leading to slower growth of B2B parcels 64
Global competitive landscape 65
Integrators vs. other private carriers and postal operators 65
Integrators 65
Postal operators 65
Other carriers 66
Parcel revenues 66
Group revenues 69
Operating margins 69
Volumes 70
Revenue per parcel 70
Carrier Alliances 71
Post office and independent carrier alliances 71
Mergers and Acquisitions 72
Major strategic moves which have shaped the industry 72
FedEx acquisition of TNT 73
Recent acquisition activity 73
Outlook for competitive landscape 76
Global Parcel Carrier Profiles 77
UPS 78
Description 78
Revenue 78
Segmentation 78
Operations / Geographical Presence 81
Profit 81
Acquisitions 82
Significant News 82
Deutsche Post DHL 83
Description 83
Revenue 83
Segmentation 83
Operations / Geographical Presence 85
Profit 85
Acquisitions 85
Significant News 86
FedEx Corporation 87
Revenue 87
Segmentation 87
Operations / Geographical Presence 89
Profit 90
Acquisitions 90
Significant News 90
Yamato Holdings 91
Revenue 91
Segmentation 91
Operations / Geographical Presence 93
Profit 94
Acquisitions 94
Significant News 94
Japan Post Group 95
Revenue 95
Segmentation 95
Operations / Geographical Presence 96
Acquisitions 97
Significant News 97
Royal Mail 98
Revenue 98
Segmentation 98
Operations / Geographical Presence 100
Profit 100
Acquisitions 100
Significant News 101
USPS 102
Revenue 102
Segmentation 102
Operations / Geographical Presence 104
Profit 104
Acquisitions 104
Significant News 104
Le Groupe La Poste 105
Revenue 105
Segmentation 105
Operations / Geographical Presence 107
Profit 107
Acquisitions 107
Significant News 108
SG Holdings (Sagawa Express) 110
Revenue 110
Segmentation 110
Operations / Geographical Presence 111
Profit 112
Acquisitions 112
Significant News 112
Regional parcels markets 113
Europe 114
North America 116
United States 117
US Parcels Market Background 117
US Market Trends 120
Growth of internet shopping and home delivery 120
Customer service enhancements 120
Local collection points, parcel shops and locker networks 121
Same day delivery 122
B2B trends 123
US Market Size and Growth 124
Market Drivers 124
Volume 126
Price 127
Value 130
US market segments 131
US Competitive Landscape 132
Carrier Overview 132
Market shares by volume 134
Revenue per parcel 136
Market shares by revenue 137
United States: Carrier Profiles 139
UPS 139
FedEx 144
United States Postal Service 148
DHL Express 151
Amazon Logistics 152
Regional carriers 154
United States: Forecasts 158
Economic growth forecasts 158
Internet retail forecasts 158
Parcels market forecasts 159
Risks to the forecasts 160
Asia Pacific 161
China 162

China Parcels Market Value 162
Growth rate comparison: China vs. other markets 162
China Parcels Market Volume 163
Revenue per parcel 164
Market segmentation 164
B2B / C2X and online retail delivery (B2C / C2C) 164
Local or intra-city vs. national vs. international 165
China Market by region 167
Market by province 169
China Market Drivers 174
Population growth 174
Economic growth 175
Online retail 176
Emergence of new categories of items sold online 177
Seasonal and promotional trends 177
China – Key Market Trends 178
Increasing labour costs 178
Investment in network operations 178
Regulation 181
Storage and e-fulfilment services 182
Growth of parcel shop and locker networks 182
Carrier consolidation 183
China – Competitive Landscape 184
Overview 184
Carriers 185
Competitive analysis – Chinese carriers 187
Competitive analysis – Integrators 192
Competitive analysis – Parcel shops and locker networks 192
China – Profiles of key market participants 193
Marketplaces 193
Carriers - Integrators 195
Carriers - National 196
Carriers - Regional 208
Local open delivery platforms 208
Parcel shops and lockers 211
CIMC 213
China – Forecasts 214
Population 214
Economic growth 214
Online retail 215
Parcels market forecasts 216
Indonesia 218
Country overview 218
Population 218
Demographics and infrastructure 219
Economic performance 219
GDP per capita 220
Online retail 220
Trends in e-commerce / online retail 220
Internet retail companies / marketplaces 221
Market size 222
Competitive landscape 222
Post Office 222
Indonesian Carriers 223
Integrators 224
Delivery platforms 224
Forecasts 225
Population 225
GDP 225
GDP per capita 226
Internet retail 226
Market size 227
Malaysia 228
Country overview 228
Population 228
Demographics and infrastructure 229
Economic performance 229
GDP per capita 230
Online retail 230
Trends in e-commerce / online retail 230
Internet retail companies / marketplaces 231
Market size 232
Competitive landscape 232
Post Office 232
Carriers 232
Integrators 233
Delivery platforms 233
Forecasts 234
Population 234
GDP 234
GDP per capita 235
Internet retail 235
Market size 236
Philippines 237
Country overview 237
Population 237
Demographics and infrastructure 238
Economic performance 238
GDP per capita 238
Online retail 239
Trends in e-commerce / online retail 239
Internet retail companies / marketplaces 240
Market size 241
Competitive landscape 241
Post Office 241
Carriers 241
Integrators 242
Delivery platforms 243
Forecasts 243
Population 243
GDP 244
GDP per capita 244
Internet retail 245
Market size 245
Singapore 246
Country overview 246
Population 246
Demographics and infrastructure 247
Economic performance 247
GDP per capita 248
Online retail 248
Trends in e-commerce / online retail 248
Internet retail companies / marketplaces 249
Market size 250
Competitive landscape 250
Post Office 250
Carriers 250
Integrators 251
Delivery platforms 251
Forecasts 252
Population 252
GDP 252
GDP per capita 253
Internet retail 253
Market size 254
Thailand 255
Country overview 255
Population 255
Demographics and infrastructure 256
Economic performance 256
GDP per capita 257
Online retail 257
Trends in e-commerce / online retail 257
Internet retail companies / marketplaces 258
Market size 259
Competitive landscape 260
Post Office 260
Carriers 260
Integrators 261
Delivery platforms 261
Forecasts 262
Population 262
GDP 262
GDP per capita 263
Internet retail 263
Market size 264
Vietnam 265
Country overview 265
Population 265
Demographics and infrastructure 265
Economic performance 266
GDP per capita 266
Online retail 267
Trends in e-commerce / online retail 267
Internet retail companies / marketplaces 268
Market size 268
Competitive landscape 269
Post Office 269
Carriers 269
Integrators 269
Delivery platforms 270
Forecasts 270
Population 270
GDP 271
GDP per capita 271
Internet retail 272
Market size 272
South / Central America 273
Africa 274
Middle East 274

Appendix 1: definition of regions 275
Appendix 2: Country-by-country historical and forecast parcels market size and growth 276

List of charts and tables

Global parcels market value, 2010-2018 (US$m) 28
Global parcels market value by region, 2013-2018 (US$m) 29
Global parcels market value by region, 2013-2018 (US$m) 29
Global parcels market: largest country markets, 2013-2018 (US$m) 29
GDP of Leading Economies, 2013-2018 / US$bn, % CAGR 30
Online retail value worldwide, 2013-2018 (US$bn) 31
Online retail sales by region, 2013-2018 / US$bn 32
Online retail sales - largest countries, 2013-2018 / US$bn 32
Comparison of online retail sales in major economies, 2012-2016 33
Global parcels market forecast, 2013-2023 (US$bn) 35
Global parcels market forecast by region / US$bn 35
Global parcels market forecast by region, 2013-2023 (US$bn) 37
Global parcels market forecast by largest countries, 2013-2023 (US$bn) 37
Europe parcels market forecast, 2013-2023 (US$bn) 38
Europe parcels market forecast by country, 2013-2023 (US$bn) 38
North America parcels market forecast, 2013-2023 (US$bn) 39
North America parcels market forecast by country, 2013-2023 (US$m) 39
Asia Pacific parcels market forecast, 2013-2023 (US$m) 40
Asia Pacific parcels market forecast by country, 2013-2023 (US$bn) 41
South America parcels market forecast, 2013-2023 (US$bn) 42
South America parcels market forecast by country, 2013-2023 (US$bn) 42
Africa parcels market forecast, 2013-2023 (US$bn) 43
Africa parcels market forecast by country, 2013-2023 (US$bn) 43
Middle East parcels market forecast, 2013-2023 (US$m) 44
Forecast GDP of Leading Economies, 2012-2022 / US$bn, % CAGR 45
Forecast online retail value worldwide, 2013-2023 (US$bn) 45
Forecast online retail value by region, 2013-2023 46
Forecast online retail value of major countries, 2013-2023 46
Hermes parcel shop in the UK 50
DHL testing in-boot deliveries 51
Amazon’s logistics facilities worldwide, 2019 52
Amazon fulfilment centre in Wales, UK 53
Amazon Prime Air plane 54
STO Express warehouse robots in China 57
Parcel revenues of leading companies, 2013-2018 (US$m) 66
Global parcel companies’ group revenue, latest revenues (US$m) 69
Global parcel companies by operating margin (parcels), 2014-2018 (%) 69
Global parcel delivery companies by parcel volume (m), latest available data 70
Global parcel companies: revenue per parcel ($), 2014-2018 71
Recent parcels acquisition activity, 2011-2017 74
UPS revenue, 2010-2018 / US$m 78
UPS revenue by division, 2010-18 US$m 78
UPS revenue by segment (parcel operations), 2013-18 / US$m 79
UPS parcel volumes by segment (parcel operations), 2013-18 / m 80
UPS revenue per parcel, 2010-18 / US$ 80
UPS revenue by segment (parcel operations), 2013-18 / US$m 81
UPS Inc. Acquisitions 2004-2017 82
DPDHL revenue, 2010-2018 / US$m 83
DPDHL revenue by division, 2013-2018 / US$m 83
DPDHL revenue by segment (parcels operations), 2014-2017 / US$m 84
DPDHL parcel volumes by division, 2014-2018 / Growth % 84
DPDHL revenue per parcel, 2013-18 / $ 85
DPDHL operating profit by division, 2014-18 85
Deutsche Post DHL Acquisitions 2004-2017 86
FedEx revenue, 2014-2018 / US$m 87
Parcels vs. other 87
FedEx revenue by division, 2010-18 US$m 88
FedEx Express revenue by segment (parcel operations), 2016-18 / US$m 88
FedEx parcel volume by segment, 2016-2018 89
FedEx revenue per parcel, 2010-18 / US$ 89
FedEx profit by segment, 2016-18 / US$m 90
FedEx profit by segment, 2016-18 / US$m 90
Yamato Group revenue, 2010-2018 US$m 91
Parcels vs. other 91
Yamato Group revenue by division (parcels vs. other), 2010-18 $m 91
Yamato Group parcels revenue by type, 2010-2018 92
Revenue growth of Yamato delivery services, 2010-18 / $m; CAGR % 93
Yamato Group parcel volumes by segment, 2013-2018 93
Yamato Group revenuer per item, 2013-2018 $ 93
Yamato Group profit by division, 2013-2018 $m 94
Japan Post Group revenue, 2010-2018 $bn 95
Parcels vs. other 95
Japan Post Group revenue by division, $m 95
Japan Post Group revenue growth by division, 2013-18 % 96
Japan Post Group parcel volumes by type, 2016-18 96
Royal Mail Group revenue, 2011-2018 / $m 98
Parcels vs. other 98
Royal Mail Group revenues by segment, 2013-2018 98
Royal Mail Group parcels revenue by segment, 2013-2018 99
Royal Mail Group revenue growth, 2013-18 / CAGR % 99
Royal Mail Group parcel volumes 2013-18 99
Royal Mail Group revenue per parcel US$ 99
Royal Mail Group operating profit, $m 100
Royal Mail acquisitions 2015-17 101
USPS revenue, 2010-2018 $m 102
Parcels vs. other 102
USPS revenues by division, 2013-2018 102
USPS revenues by division, 2013-2018 $m 103
USPS Shipping and Packages division revenues by segment, 2016-18 $m 103
USPS Shipping and Packages division revenues CAGR, 2016-18 103
USPS Shipping and Packages volumes, 2016-2018 103
USPS revenue per parcel 104
Le Groupe La Poste revenues, 2013-2018 $m 105
Parcels vs. other 105
Le Groupe La Poste revenues by division, 2013-2018 106
Le Groupe La Poste parcel revenues by segment, 2014-18 $m 106
Le Groupe La Poste revenue growth by segment, 2014-18 $m 106
Le Groupe La Poste parcel volume by segment, 2014-18 m 106
Revenue per parcel 2014-2018 107
Le Groupe La Poste profit margin by division, 2014-2018 107
Le Groupe La Poste Acquisitions 2004-2016 108
SG Holdings revenues, 2010-2018 $m 110
Parcels vs. other 110
SG Holdings revenue by segment, 2010-2018 $m 110
SG Holdings parcel volumes by segment, 2013-18 (m) 111
SG Holdings Delivery division revenue per parcel, $ 111
SG Holdings profit by division, 2013-2018 112
Europe parcels market value, 2013-2018 (US$m) 114
Europe Parcels Market Value by Country, 2013-2018 (US$m) 115
North America Parcels Market Value, 2013-2018 (US$m) 116
North America Parcels Market Value by Country, 2013-2018 (US$m) 116
Market definition 117
Characteristics of the market 117
Business vs. consumer delivery 117
Other segmentations of the market 117
Domestic (ground) 118
Domestic (air, premium) 118
FedEx aircraft 119
International 119
UPS Access Point 121
FedEx 121
FedEx / Walgreens PUDO location 121
Amazon Lockers 122
Amazon locker on a University campus 122
GDP 124
US GDP and growth, 2012-2017 / US$bn 124
Internet retail 124
US Retail sales and internet retail sales, 2010-2017 / US$bn 125
US Retail sales and internet retail sales, 2010-2017 / US$bn 125
Parcel delivery market size 125
US parcels market volume and growth, 2010-2017 (volume m) 126
US parcels market volume and growth, 2010-2017 (vol m) 126
Rate card increases 127
UPS and FedEx annual air price increases, 2010-17 127
UPS and FedEx annual ground price increases, 2010-17 127
Dimensional pricing 128
Price trends 128
Average revenue per parcel (US$), 2010-2017 128
US parcels market value and growth, 2010-2017 / US$m 130
US parcels market value and growth, 2010-2017 / US$m 130
US parcels market value and volume, domestic vs. international, 2017 / US$m 131
US parcels market - domestic vs. International (ex-US) revenue per package, 2010-17 / $ 131
US parcel carriers by volume, 2010 – 2017 / Volume mn 134
US parcel carriers by volume, 2010 – 2017 / Volume mn 134
US parcel carriers volume growth, 2010 – 2017 / mn, CAGR 134
US parcel carriers market share by volume, 2010-2017, % 135
Average revenue per parcel / $ 136
US parcels carriers by revenue (US$m), 2010 - 2017 137
US parcels carriers by revenue (US$m), 2010 - 2017 137
US parcel carriers by revenue growth (CAGR), 2013-17 138
US parcel carriers market share by value, 2010-2017, % 138
UPS group financial performance, 2010-2017 / US$m 139
UPS’ US domestic and ex-US export volumes, 2010-2017 / Vol m 140
UPS’ US domestic and ex-US export volumes, 2010-2017 / Vol m 141
UPS’ US domestic and ex-US export revenue per package, 2010-2017 / $ 141
UPS price increases (air & ground), 2008-2018 / % 142
UPS’ US domestic and ex-US export revenue per package, 2010-2017 / $ 142
UPS’ US domestic and ex-US export revenues, 2010-2017 / $m 142
UPS’ US domestic and ex-US export revenues, 2010-2017 / $m 143
UPS air hub operations in the US, 2017 143
FedEx Corporation financial performance, 2010-2017 144
FedEx Express 145
FedEx Ground 145
US domestic operations 145
FedEx US domestic and ex-US export volumes, 2010-2017 / Vol m 145
FedEx US domestic and ex-US export volumes, 2010-2017 / vol m 146
FedEx US domestic and ex-US export revenue per package, 2010-2017 / $ 146
FedEx price increases (air & ground), 2008-2018 / % 146
FedEx US domestic and ex-US export revenues, 2010-2017 / $m 147
FedEx US domestic and international export (ex-US) revenues, 2010-2017 / $m 147
Operating facilities 147
USPS group financials, 2010-2017 / $m 148
USPS group revenue by division, 2011-2017 / $m 148
USPS Shipping and Packages volume by segment, 2011-2017 / Vol m 149
USPS Shipping and Packages revenue by item, 2012-2017 / $ 149
USPS Shipping and Packages revenue by segment, 2011-2017 / $m 150
USPS Shipping and Packages revenue by alternate segments, 2015-17 / $m 150
USPS Shipping and Packages volume by alternate segments, 2015-17 / $m 150
Amazon Logistics US parcel volumes, 2013-2018 / Vol m 152
US major regional carriers 154
LSO 155
LaserShip 155
Royal Mail (GSO / Postal Express) 155
Royal Mail’s US regional carrier coverage 155
Dicom Transportation Group 156
Dicom Transportation Group parcel delivery related acquisitions 156
OnTrac 157
Spee Dee Delivery Service 157
GDP growth, 2010-2022 / % 158
Internet retail spend, 2010-2022 / $bn 158
US parcels market forecast (US$m), 2010-2022 159
US parcels market forecast, revenue and volume , 2010-2022 159
Amazon 160
Other risks 160
Asia Pacific parcels market value, 2013-2018 (US$m) 161
Asia Pacific parcels market value by country, 2013-2018 (US$m) 161
China Parcels Market Size, 2007-2017 (RMB bn) 162
China Parcels Market Size, 2007-2018 (RMB bn) 162
China Parcels Market Size, 2007-2017 (US$ bn) 162
China parcels market value growth vs. other major economies, CAGR 2012-2016 / % 163
China Parcels Market Volume: 2007-2017 (m) 163
China Parcels Market Volume and Growth: 2007-2017 (m) 163
Revenue per parcel: 2007-2017 / RMB 164
China parcels market growth by segment: 2011-2016 / RMB bn 165
China parcels market volume by destination, 2007-2017 / Vol m 165
China parcels market volume by destination, 2007-2017 / Vol m 166
China parcels market value by destination, 2010-2017 / RMBm 166
China parcels market value by destination, 2010-2017 / RMBm 166
Average revenue per parcel: Local vs. national vs. international: 2012 and 2017 / RMB per parcel 167
China parcels market volume by region, 2010-2017 / Vol m 167
China parcels market volume by region, 2010-2017 / vol m 168
China parcels market value by region, 2010-2017 / RMBm 168
Average revenue per parcel: Western vs. Central vs. Eastern: 2012 and 2017 / RMB per parcel 168
China parcels market by region, value and volume, 2016 169
China parcels market by province, 2016 171
China population, 2000-2017 174
China GDP and growth, 2012-2017 175
China GDP per capita, 1960-2016 (current US$) 175
Size and growth 176
China total and online retail market value, 2012-2016 / US$bn 176
Total and online retail market value, 2012-2016 176
New hubs 178
Vehicle optimisation: use of bigger trucks and smart routing software 179
Robots 179
STO Express hub robots 179
JD.com robot courier 180
Drones and driverless vehicles 180
JD.com delivery drone 180
SF Express delivery tricycle 181
Marketplaces 184
Carriers 184
Open local delivery platforms 185
Parcel shop and locker networks 185
Share by category 185
China parcels market volume by type of company, (private, state-owned, foreign), 2011-2016 (chart) 186
China parcels market volume by type of company, (private, state-owned, foreign), 2011-2016 186
China parcels market value by type of company, (private, state-owned, foreign), 2011-2016 186
Competitive advantages 186
Size 187
Carriers by parcel revenue, 2016 (RMBm) 187
Carriers by parcel revenue, 2016 (US$m) 188
Carriers by parcel volume, 2016 (m) 188
Revenue per parcel of leading carriers, 2016 (RMB) 189
Growth 190
Carrier parcel volume growth, 2014-16 (chart) 190
Carrier parcel volume growth, 2014-16 (table) 190
Carrier parcel revenue growth, 2015-16 190
Margins 191
Margins of leading carriers, 2015-16 191
Stock market listings 191
Recent public listings of major express parcels companies in China 191
Alibaba 193
Cainiao 193
JD.com 194
UPS 195
FedEx 196
DHL 196
China Postal Express & Logistics Company Limited (EMS) 196
SF Express 197
SF Holding financial performance, 2015-2016 197
SF Holding financial performance, 2015-2016 197
SF Express parcel volume, 2014-2016 198
SF Express average revenue per parcel 198
SF Express revenue by major business segment, 2015-2016 198
SF Express revenue by sub-segment, 2015-2016 198
SF Express revenue by region, 2015-2016 198
ZTO Express 199
ZTO Express management 200
Name 200
Title 200
Meisong Lai 200
Founder, Chairman of the Board of Directors and Chief Executive Officer 200
Jilei Wang 200
Vice President of Infrastructure Management 200
Xiangliang Hu 200
Director and General Manager of Guangdong Province 200
Baixi Lan 200
Director and General Manager of Beijing Municipality 200
James Jianmin Guo 200
Chief Financial Officer 200
Jianchang Lai 200
Vice President of Overseas Operations 200
Jingxi Zhu 200
Vice President of Information Technology 200
Renqun Jin 200
Vice President of Service and Support 200
Genyan Ni 200
Vice President of Operations 200
Source: ZTO Express 200
ZTO Express had revenues of RMB9,789m in 2016, a growth of 61% over the year. Operating profit amounted to RMB2,768m, resulting in an operating margin of 28%. 200
ZTO Express financial performance, 2014-2016 201
ZTO Express parcel volumes, 2014-2016 201
YTO Express 201
YTO Express financial performance, 2014-2016 (RMB M) 201
YTO Express financial performance, 2014-2016 (US$m) 201
YTO Express parcel volume / revenue per parcel, 2015-2016 201
YTO Express revenue by segment, 2015-2016 202
YTO Express revenue by sub-segment, 2016 202
YTO Express revenue by region, 2016 202
STO Express 202
STO Express financial performance, 2014-2016 (RMBm) 203
STO Express financial performance, 2014-2016 (US$m) 203
STO Express parcel volume, 2014-2016 203
Yunda Express 203
Yunda Express financial performance, 2014-2016 (RMB m) 204
Yunda Express financial performance, 2014-2016 (US$m) 204
Yunda Express parcel volume and growth, 2014-2016 204
Yunda Express revenue by major business segment, 2015-2016 204
Yunda Express sub-segment revenue, 2015-2016 204
Yunda Express revenue by region, 2015-2016 204
Best Inc (Best Express) 205
Best Inc. revenue by business segment, 2014-2016 (RMB m) 206
Best Inc. revenue by business segment, 2014-2016 (US$m) 206
Best Express financials, 2014-2016 206
Best Express parcel volume and growth, 2012-2016 206
Best Express revenue per parcel, 2014-2016 206
GTO Express 206
TTK Express 206
Quanfeng Express 207
ZJS Express 207
UC Express 207
Sure Express 207
New Dada 209
Ele.me 209
Meituan-Dianping 209
Linqu 210
Shanshong 210
SHBJ.com 210
Dianwoda 210
Hive Box 211
HiveBox locker in China 211
Sposter 212
Sposter locker bank in China 213
JD.com 213
Parcel shop networks 213
China population forecast, 2000-2022 214
China GDP forecast and growth, 2012-2022 214
GDP per capita, 2010-2022 (US$) 215
China total and online retail market value, 2012-2021 215
China total and online retail market value, 2012-2021 216
China parcels market value forecast, RMB bn, 2012-2022 (chart) 216
China parcels market forecast, value and volume, 2012-2022 217
Indonesia population, 2012-2017 / mn 218
Indonesia GDP, 2012-2017 / US$bn 219
Indonesia GDP per capita, 2012-2017 / US$ 220
Indonesia internet retail, 2012-2016 / US$bn 221
Indonesia parcels market value, 2012-2017 / $bn 222
Pos Indonesia parcel volume, 2012-2016 / mn 223
Indonesia population, 2010-2022 / m 225
Indonesia GDP, 2012-22 / US$bn 225
Indonesia GDP per capita forecast, 2012-22 / $ 226
Indonesia internet retail growth, 2012-2022 / $bn 226
Indonesia parcels market value, 2012-2022 / $bn 227
Malaysia population, 2012-2017 (m) 228
Malaysia GDP, 2012-2017 (US$bn) 229
Malaysia GDP per capita, 2012-2017 (US$) 230
Malaysia internet retail, 2012-2017 (US$bn) 231
Malaysia parcel market size, 2012-2017 / US$bn 232
Malaysia population 2010-2022 (m) 234
Malaysia GDP 2012-2022 (US$bn) 234
Malaysia GDP per capita, 2012-2022 (US$) 235
Malaysia internet retail, 2012-2022 / $bn 235
Malaysia parcels market value, 2012-2022 / US$bn 236
Philippines population, 2012-2017 / m 237
Philippines GDP, 2012-2017 / US$bn 238
Philippines GDP per capita, 2012-2017 / US$ 239
Philippines internet retail, 2012-2017 / US$bn 240
Philippines parcel market size, 2012-2017 (US$bn) 241
Population in Philippines, 2010-2022 / m 243
Philippines GDP, 2012-22 (US$bn) 244
Philippines GDP per capita, 2012-2022 (US$) 244
Philippines internet retail, 2012-2022 / $bn 245
Philippines parcels market value, 2012-2022 (US$bn) 245
Singapore population, 2012-2017 (m) 246
Singapore GDP, 2012-2017 (US$bn) 247
Singapore GDP per capita, 2012-2017 (US$) 248
Singapore internet retail, 2012-2016 (US$bn) 249
Singapore parcel market size, 2012-2017 (US$bn) 250
Singapore population 2012-2022 (m) 252
Singapore GDP, 2012-2022 (US$bn) 252
Singapore GDP per capita, 2012-2022 (US$) 253
Singapore internet retail, 2012-2022 (US$bn) 253
Singapore parcels market value, 2012-2022 (US$bn) 254
Thailand population, 2012-2017 / m 255
Thailand GDP, 2012-2017 (US$bn) 256
Thailand GDP per capita, 2012-2017 (US$) 257
Thailand internet retail, 2012-2017 (US$bn) 258
Thailand parcels market value, 2012-2017 / $bn 259
Thai Post Mail and Parcel volumes, 2014-2016 / Vol m 260
Population in Thailand, 2012-2022 / m 262
Thailand GDP, 2012-22 (US$bn) 262
Thailand GDP per capita, 2012-2022 (US$) 263
Thailand internet retail forecast, 2012-2022 (US$bn) 263
Thailand parcels market value, 2012-2022 (US$bn) 264
Vietnam population, 2012-2017 / m 265
Vietnam GDP 2012-2017 (US$bn) 266
Vietnam GDP per capita, 2012-2017 (US$) 266
Vietnam online retail, 2012-2017 (US$bn) 267
Vietnam parcel market size, 2012-2017 (US$bn) 268
Vietnam population, 2012-2022 (m) 270
Vietnam GDP, 2012-2022 (US$bn) 271
Vietnam GDP per capita, 2012-2022 / $ 271
Vietnam internet retail, 2012-2022 (US$bn) 272
Vietnam parcels market size, 2012-2022 (US$bn) 272
South America Parcels Market Value, 2013-2018 (US$m) 273
South America Parcels Market Value by Country, 2013-2018 (US$m) 273
Africa Parcels Market Value, 2013-2018 (US$m) 274
Africa Parcels Market Value by Country, 2013-2018 (US$m) 274
Middle East Parcels Market Value, 2013-2018 (US$m) 274
Global parcels market value by country, 2013, 2018, 2023 / $m 276

Request Report Summary For:


To talk to us directly about the report, or to ask a specific question, please telephone: +44 20 7100 7239


Name*

Role

Company name*

Email*

Telephone* (including international dialling code)

Newsletter sign up (Required. You can unsubscribe later).

Request Report Summary For:

Product Enquiry

Name

Email Address

Enquiry

Comments are closed.