The Vietnam express delivery services market is expected to grow from US$ 700.40 million in 2020 to US$ 1,655.96 million by 2028; it is estimated to grow at a CAGR of 11.9% from 2021 to 2028.
Increase in adoption of smartphones and high penetration of internet is bolstering the adoption of e-commerce in Vietnam. This has also influenced businesses to adopt online selling channels to expand their respective customer bases. Express delivery services are being highly adopted by brands and e-commerce websites to offer better customer experience by delivering parcels in less time. Moreover, consumers placing place orders for food and luxury products, such as jewelry, are willing to spend more for quick product delivery. Further, due to the impact of COVID-19 pandemic, the business-to-consumer deliveries segment has witnessed growth in the last few months. Sellers in this segment are continuously importing raw materials and exporting final products to customers. Therefore, the need for express delivery services is continuously on rise in Vietnam.
One of the key parts of this report consists of discussions of key vendors in the Vietnam Express Delivery Services industry on brand overview, profile, market revenue, and financial analysis. The report helps market players build future business strategies and discover global competition. Detailed segmentation analysis of the market is done by report producer, region, type and application.
The conclusion part of their report focuses on the existing competition analysis of the market. Added some insights that are useful to both industry and clients. All major manufacturers included in this report are ready to grow their businesses in the region. We would like to thank the security industry experts and public relations engineers, as well as the support and assistance from the research and conventions of the pilot group. Market rates, volumes, income, supply and demand data are also examined.
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