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Parcel Delivery Vehicle Market - By Propulsion Type (Electric, Diesel, Gasoline), By Vehicle Type, By End-Use (Courier, Food Delivery, Fleet Management, Medical Courier, Warehouse Service Providers, E-Commerce) & Forecast, 2023 – 2032

  • Report ID: GMI5618
  • Published Date: May 2023
  • Report Format: PDF

Parcel Delivery Vehicle Market Size

Parcel Delivery Vehicle Market size exceeded USD 100 billion in 2022 and projected to grow at 7% CAGR from 2023 to 2032.

Parcel Delivery Vehicle Market

Growing digitization, globalization, and factory automation are expected to offer a boost to the trend of Industry 4.0, supporting market growth. The need for quicker and more effective delivery services has led to an increase in technological developments and the use of automation in parcel delivery trucks. Consumers today also demand speedy and dependable delivery of their items, which puts pressure on delivery services to find methods to streamline their processes and cut costs. The rising demand for single-day or two-day deliveries will fuel market expansion.

High cost of parcel delivery vans is likely to impact parcel delivery vehicle market growth. Due to inefficiencies in the delivery process, new entrants and small players in the business scenario may incur higher expenses in the long run. The adoption of new technologies, like autonomous delivery vehicles, might also be impacted by interoperability issues. Existing issues like compatibility problems with the current systems could further influence the industry development.

Parcel Delivery Vehicle Market Analysis

Parcel Delivery Vehicle Market, By Propulsion Type, 2021 - 2032 (USD Billion)

Parcel delivery vehicle industry share from the diesel propulsion segment is predicted to cross USD 130 billion by 2032. The espousal of greener technologies and the growing emphasis on sustainability are the main factors driving the usage of the diesel vehicles. As more businesses place a priority on sustainability, they might select diesel engines with improved fuel efficiency and lower emissions. This may lead to an increase in demand for diesel powered delivery vehicles. Additionally, these engines have several benefits, including increased torque and durability, which make them appropriate for heavy-duty delivery operations.

Global Parcel Delivery Market Share, By Type, 2022

Class 2a parcel delivery vehicle market is anticipated to observe 9% growth during 2023-2032. With the rise of e-commerce and online shopping, there is an increased demand for last-mile delivery services that swiftly deliver goods to their destination. Smaller, more maneuverable cars that can readily drive through urban environments are becoming more necessary for e-commerce firms. Class 2A vehicles like compact trucks and vans are ideal for such applications owing to their mobility in congested traffic and small city streets.

The industry size from the e-commerce sector is expected to surpass USD 60 billion by 2032. The rising e-commerce business operations in terms of acquisitions & mergers and partnerships & collaborations will boost the market share. To meet the demands of a large customer base, leading players are said to invest more in services such as monitoring and optimizing inventory storage & mobility. This is expected to gradually increase the sale of parcel delivery vehicles.

North America Parcel Delivery Market, 2020 - 2032 (USD Billion)

North America parcel delivery vehicle market will witness 7.5% growth rate between 2023 and 2032 attributed to the demand for goods and commodities in the region. Industry expansion is being driven by a growing consumer preference for online shopping, which is set to fuel the need for parcel delivery vehicles in the transportation sector. The use of parcel delivery trucks for food delivery by restaurants and food providers will further spur regional business development.

Parcel Delivery Vehicle Market Share

The global market for parcel delivery vehicle is highly competitive, with several key participants operating in the landscape. Some of them include

  • Ford Motor Company
  • General Motors
  • Nissan Motor Co.
  • Jeep
  • Honda Motor Company
  • Isuzu Motors Limited
  • Rivian

These companies are focusing on developing innovative products and creating strategic partnerships to stay ahead in the market.

For instance, in December 2022, DHL Express Canada became a client of BrightDrop, the electric delivery van division of General Motors, marking the company's entry into the global market. At the Ontario CAMI Assembly facility of General Motors, BrightDrop has also begun producing its Zevo 600 delivery vans (previously known as EV600).

This parcel delivery vehicle market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

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Market, By Propulsion Type

  • Electric
  • Diesel
  • Gasoline

Market, By Type 

  • Class 2a
  • Class 2b
  • Class 3
  • Class 4

Market, By End-Use

  • Courier Companies
  • Food Delivery Companies
  • Fleet Management Companies
  • Medical Courier Companies
  • Warehouse Service Providers
  • E-Commerce

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
  • Latin America
    • Brazil
    • Argentina
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of parcel delivery vehicle surpassed USD 100 billion in 2022 and is anticipated to expand at 7% CAGR from 2023 to 2032, says this GMI report.

Parcel delivery vehicle industry share from the diesel propulsion segment will cross USD 130 billion by 2032 owing to the adoption of greener technology and the growing emphasis on sustainability.

Parcel delivery vehicle industry in North America is expected to attain 7.5% gains during 2023 to 2032 attributed to the demand for goods and commodities in the region.

Some of the key players in the parcel delivery vehicle business landscape include Ford Motor Company, General Motors, Nissan Motor Co., Jeep, Honda Motor Company, Isuzu Motors Limited, and Rivian.

Parcel Delivery Vehicle Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 480
  • Countries covered: 18
  • Pages: 250
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