Vietnam Express Delivery Service Market Size, Share, Trends & Industry Growth Analysis Report to 2023-2030
By Ritesh on July 10, 2024
Woman hand accepting a delivery of boxes from deliveryman
Vietnam express delivery service market size was worth around $900 Million in 2022 and is predicted to grow to around $4900 Million by 2030 at a CAGR rate of 23.8% over the forecast period.
➤ The market is experiencing growth due to the increasing reliance on B2C deliveries and the emergence of e-commerce industries.
The pandemic has also resulted in an increase in the import and export of raw materials, consumer commodities, and products, which is considered a growth driver for the market. The demand for these services has increased as a result of the recent integration of online delivery systems into the food and beverage and healthcare sectors. Healthcare has been particularly adept at utilizing these dispatch services to ensure the timely delivery of significant samples and medications, thereby saving lives. The healthcare sector’s high demand for quality, availability, accuracy, and cost control places significant expectations on logistic solutions, which in turn stimulates market growth.
➤ Market expansion is hindered by elevated operational expenses and inadequate infrastructure.
To a certain extent, market growth is impeded by the absence of infrastructure and innovations in delivery service platforms. Additionally, the affordability of consumers is influenced by the elevated operational costs of delivery services and logistical expenses. This factor also significantly impedes market growth.
➤ The market is presented with opportunities due to the recent emergence of last-mile deliveries and the ongoing development of technology.
The market is presented with lucrative opportunities as a result of the impact of last-mile deliveries and the increase in technological advancements. The market is also supported by value-added delivery services and the introduction of the quicker delivery system in the future. The incorporation of online delivery channels has prompted numerous businesses to expand their market, as a result of the increasing availability of internet access and the widespread adoption of smartphones.
➤ The market faces a challenge as a result of the increasing demand for express delivery services, which is a result of the pandemic.
People were compelled to shop from home due to the Covid-19 pandemic, which resulted in a significant reliance on delivery services to transport essential products. This has resulted in a rise in the demand for express delivery services, which are contingent upon the efficiency of conveyance systems and effective infrastructures to satisfy consumer expectations. The express delivery service market is confronted with a challenge as a result of the necessity to enhance infrastructure and transport mediums in order to meet the substantial demand.
The Vietnam Express Delivery Service market profiles key players such as:
● BEST Express Vietnam (BEST Inc.)
● Nin Sing Logistics Company Limited (Ninja Van)
● Swift247
● Kerry Express (Vietnam)
● UPS Vietnam
● TikiNow
● GHN (Fast Delivery)
● GrabExpress
● Lazada Express
● Viettel Post
● VietXpress
● GHTK
● J&T Express (Vietnam)
● Vietrans
● APEX Logistics
???? Most Recent Development
• DHL International GmbH introduced state-of-the-art equipment, DHL smart sensors, and an automated container discharge system in May 2021 to facilitate transportation and prevent parcel misplacement.
• In December 2021, VNPost, Vietnam’s largest postal operator, introduced a new express delivery service dubbed “eParcel Express” to address the increasing demand for e-commerce deliveries. The service provides domestic and international shipments with the option of same-day and next-day delivery.
➤ Vietnam is the greatest consumer of express delivery, which contributes to the market’s growth.
The market development in Vietnam is encouraged by the expansion of value-added services in express delivery. The market growth in the region is being driven by the emergence of unique types of services. In this region, the assortment of products, labeling, packaging, security tagging, and grading are among the additional services that are acquiring popularity. It is also anticipated that the Vietnam express delivery services market will experience rapid development due to the rapid focus on vendors who are eager to provide value-based services.
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database.
Contact Us:
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714 USA/Canada Toll-Free No.1-855-465-4651
Email: [email protected]
Website: https://www.zionmarketresearch.com
Be First to Comment