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Parcel Delivery Vehicle Market Size
- 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.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Parcel Delivery Vehicle Market Size in 2022: | USD 100 Billion |
| Forecast Period: | 2023 to 2032 |
| 2032 Value Projection: | USD 210 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 480 |
| Segments covered: | Propulsion Type, Type, End-Use |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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.
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Parcel Delivery Vehicle Market Scope
