Market Size of asia pacific international express service Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 36.02 Billion |
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Market Size (2030) | USD 56.64 Billion |
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Largest Share by End User Industry | E-Commerce |
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CAGR (2024 - 2030) | 7.84 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia Pacific International Express Service Market Analysis
The Asia Pacific International Express Service Market size is estimated at 36.02 billion USD in 2024, and is expected to reach 56.64 billion USD by 2030, growing at a CAGR of 7.84% during the forecast period (2024-2030).
36.02 Billion
Market Size in 2024 (USD)
56.64 Billion
Market Size in 2030 (USD)
6.70 %
CAGR (2017-2023)
7.84 %
CAGR (2024-2030)
Fastest Growing Market by End User Industry
8.95 %
Projected CAGR, E-Commerce, 2024-2030
Cross-border e-commerce has been a major growth driver due to increased population density and urbanization, the use of smartphones, and the adoption of digitalization.
Fastest Growing Market by Shipment Weight
8.30 %
Projected CAGR, Light Weight Shipments, 2024-2030
Leading international courier players in the region are facilitating international express deliveries to major countries globally due to the established global connectivity network.
Largest Market by Shipment Weight
58.37 %
value share, Light Weight Shipments, 2023
Online orders for the delivery of goods like medicines and cosmetics are majorly driving the demand for delivery in the region.
Largest Market by End User Industry
42.66 %
value share, E-Commerce, 2023
Courier companies and e-commerce players in the region are partnering to provide international express delivery services to cater to increasing demand.
First leading Market player
25.03 %
market share, China Post, 2022
China Post provides international express services to over 200 countries in the world. It is a member of the Universal Postal Union (UPU), through which it offers express shipping services.
Intra-regional trade accounts for more than half of Asian trade and driving the growth of the market
- The intra-regional trade now accounts for more than half of Asian trade. Some estimates put the figure as high as 60%. The value of intra-Asia trade has been consistently high compared to other regional blocs, which is driving the market. While the economic impact of the pandemic has curtailed the growth of Asian economies since the pandemic began, India, China, and ASEAN remained key players in intra-Asia trade.
- International express services are becoming increasingly important in the e-commerce industry, as consumers expect their orders to arrive quickly and conveniently. The pandemic brought a drastic change in shopping behavior over the past few years, shifting the shopping process worldwide toward online shopping. Partnerships between courier companies and e-commerce players are becoming more common in the region to provide international express delivery services. For instance, iThink Logistics, a SaaS-based shipping platform in India, has announced the launch of its international shipping services portal.
- India is expected to reach USD 1 trillion in manufacturing exports by 2028, which is expected to boost the manufacturing end-user segment in the coming years. Moreover, the medical device market in the region is expected to register a CAGR of 4.4% from 2022 to reach approximately USD 225 billion in 2030. The international express delivery services for healthcare products are expected to grow in the coming years in the region due to several factors, including increasing demand for medical supplies, rising healthcare spending, and the need for faster and more efficient delivery services.
Understand The Key Trends Shaping This Market
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FedEx expands global reach with new express services connecting Asia-Pacific to 170 markets
- The collaboration between courier companies and e-commerce players in the region is increasingly prevalent, particularly in providing international express delivery services. iThink Logistics, a SaaS-based shipping platform in India, has recently introduced its international shipping services portal. The new venture, iThink Logistics International, aims to assist thriving e-commerce businesses and D2C brands in expanding their sales to global markets. The value of international cross-border shipping from India is projected to reach approximately USD 129 billion by 2025.
- FedEx Express, renowned for its expertise in international express deliveries, extended its services to customers in May 2023. By offering FedEx International Economy (IE) services, customers gained access to efficient shipping options connecting Asia-Pacific to 170 global markets. To further enhance the delivery experience, FedEx also reduced transit times for certain trade channels with its FedEx International Priority (IP) service. Customers can rely on IP for urgent and essential shipments, expecting delivery within one to two business days to major markets and regions worldwide.
- The expansion can be credited to the upsurge in manufacturing exports, with India forecasted to attain USD 1 trillion in such exports by 2028. Additionally, projections indicate a surge in the manufacturing sector's contribution to India's GDP, slated to elevate from its current 15.6% to an estimated 21% by 2031. This growth trajectory aligns with India's strategic focus on its manufacturing process, which serves as a key driver in the nation's economic landscape. The anticipated increase in manufacturing exports denotes a significant leap in India's global market presence.
