Surge in the e-commerce industry, rise in B2C deliveries, and growth in international trade services drive the growth of the Vietnam express delivery services market. The outbreak of covid-19 pandemic led to suspend B2B express delivery services whereas B2C emerged during the pandemic, owing to rapid growth of the online retail and e-commerce industry.
the Vietnam express delivery services market size generated $632.6 million in 2019, and is estimated to reach $2.19 billion by 2027, witnessing a CAGR of 22.4% from 2020 to 2027. The report offers an extensive analysis of changing market trends, key segments, competitive scenario, top investment pockets, and regional landscape.
Express delivery is the fastest form of shipping that involves the delivery of various goods and products through different mediums such as air, water, and land. The customer pays an extra shipping cost for this type of delivery as the shipment will get transported to him anywhere between 24 to 72 hours depending on the distance of the shipment. In express shipping, the price and rates are also higher than other forms of transportation.
Vietnam Express Delivery Services Market Segment Overview
The report offers detailed segmentation of the Vietnam express delivery services market based on application, end use, and destination.
By end-use, the e-commerce platform segment accounted for the largest share in 2019, contributing to more than four-fifths of the Vietnam express delivery services market, and is projected to maintain its leadership status during the forecast period. In addition, the document service segment is estimated to portray the highest CAGR of 25.1% during the forecast period. The research also discusses segments including feed and others.
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By application, the B2C segment held more than three-fifths of the total share of the market in 2019, and is projected to maintain dominance in terms of revenue during the forecast period. However, the B2B segment is projected to witness the largest CAGR of 23.8% from 2020 to 2027.
By destination, the domestics segment contributed to the largest share in terms of revenue, holding more than three-fifths of the total share in 2019, and is projected to continue its lead position during the forecast period. However, the international segment is expected to portray the fastest CAGR of 23.7% from 2020 to 2027.
Vietnam Express Delivery Services Market Key Players
Leading players of the Vietnam express delivery services market analyzed in the research include GHN (Fast Delivery), GHTK, J&T Express (Vietnam), Kerry Express (Vietnam), Nasco Logistics JSC, Nhat Tin Logistics, Nin Sing Logistics Company Limited (Ninja Van), Swift247, Viettel Post, and VNPost.
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The report provides a detailed analysis of these key players in the global market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in the country. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.
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