Parcel Delivery Vehicle Market Size & Share 2023 to 2032
Market Size 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.Download Free PDF
Report Content
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Parcel Delivery Vehicle market 360º synopsis, 2018 - 2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM)
2.3 Regional trends
2.4 Propulsion type trends
2.5 Type trends
2.6 End-use trends
Chapter 3 Parcel Delivery Vehicle Market Insights
3.1 Impact on COVID-19 impact
3.1.1 North America
3.1.2 Europe
3.1.3 Asia Pacific
3.1.4 Latin America
3.1.5 MEA
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Pricing analysis
3.5 Technology & innovation landscape
3.6 Patent analysis
3.7 Key news and initiatives
3.8 Regulatory landscape
3.8.1 International standards
3.8.2 North America
3.8.3 Europe
3.8.4 Asia Pacific
3.8.5 Latin America
3.9 Impact forces
3.9.1 Growth drivers
3.9.1.1 Expansion of e-commerce platforms
3.9.1.2 Adoption of technologies such as mobility, AI, and advanced power source
3.9.1.3 Rising demand for autonomous delivery vehicles
3.9.1.4 Growth in last-mile delivery
3.9.2 Industry pitfalls & challenges
3.9.2.1 High cost of parcel delivery vehicles
3.9.2.2 Challenges in interoperability and maintenance
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of key market players, 2022
4.3.1 General Motors
4.3.2 Ford Motor Company
4.3.3 Toyota Motor Corporation
4.3.4 Nissan Motor Co.
4.3.5 Mercedes Benz
4.3.6 Isuzu Motors Limited
4.3.7 Honda Motor Company
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022
Chapter 5 Parcel Delivery Vehicle market, By Propulsion Type (Revenue & Shipments)
5.1 Key trends, by propulsion type
5.2 Electric
5.2.1 Market estimates and forecast, 2018 – 2032
5.3 Diesel
5.3.1 Market estimates and forecast, 2018 – 2032
5.4 Gasoline
5.4.1 Market estimates and forecast, 2018 – 2032
Chapter 6 Parcel Delivery Vehicle market, By Type (Revenue & Shipments)
6.1 Key trends, by type
6.2 Class 2a
6.2.1 Market estimates and forecast, 2018 - 2032
6.3 Class 2b
6.3.1 Market estimates and forecast, 2018 – 2032
6.4 Class 3
6.4.1 Market estimates and forecast, 2018 – 2032
6.5 Class 4
6.5.1 Market estimates and forecast, 2018 – 2032
Chapter 7 Parcel Delivery Vehicle market, By End-Use (Revenue & Shipments)
7.1 Courier Companies
7.1.1 Market estimates and forecast, 2018 – 2032
7.2 Food Delivery Companies
7.2.1 Market estimates and forecast, 2018 – 2032
7.3 Fleet Management Companies
7.3.1 Market estimates and forecast, 2018 – 2032
7.4 Medical Courier Companies
7.4.1 Market estimates and forecast, 2018 – 2032
7.5 Warehouse Service Providers
7.5.1 Market estimates and forecast, 2018 – 2032
7.6 E-Commerce
7.6.1 Market estimates and forecast, 2018 – 2032
Chapter 8 Parcel Delivery Vehicle market, By Region (Revenue & Shipments)
8.1 Key trends, by region
8.2 North America
8.2.1 Market estimates and forecast, 2018 - 2032
8.2.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.2.3 Market estimates and forecast, by type, 2018 – 2032
8.2.4 Market estimates and forecast, by end--use, 2018 – 2032
8.2.5 U.S.
8.2.5.1 Market estimates and forecast, 2018 - 2032
8.2.5.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.2.5.3 Market estimates and forecast, by type, 2018 – 2032
8.2.5.4 Market estimates and forecast, by end--use, 2018 – 2032
8.2.6 Canada
8.2.6.1 Market estimates and forecast, 2018 - 2032
8.2.6.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.2.6.3 Market estimates and forecast, by type, 2018 – 2032
8.2.6.4 Market estimates and forecast, by end--use, 2018 – 2032
8.2.7 Mexico
8.2.7.1 Market estimates and forecast, 2018 - 2032
8.2.7.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.2.7.3 Market estimates and forecast, by type, 2018 – 2032
8.2.7.4 Market estimates and forecast, by end--use, 2018 – 2032
8.3 Europe
8.3.1 Market estimates and forecast, 2018 - 2032
8.3.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.3.3 Market estimates and forecast, by type, 2018 – 2032
8.3.4 Market estimates and forecast, by end-use, 2018 – 2032
8.3.5 UK
8.3.5.1 Market estimates and forecast, 2018 - 2032
8.3.5.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.3.5.3 Market estimates and forecast, by type, 2018 – 2032
8.3.5.4 Market estimates and forecast, by end-use, 2018 – 2032
8.3.6 Germany
8.3.6.1 Market estimates and forecast, 2018 - 2032
8.3.6.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.3.6.3 Market estimates and forecast, by type, 2018 – 2032
8.3.6.4 Market estimates and forecast, by end-use, 2018 – 2032
8.3.7 France
8.3.7.1 Market estimates and forecast, 2018 - 2032
8.3.7.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.3.7.3 Market estimates and forecast, by type, 2018 – 2032
8.3.7.4 Market estimates and forecast, by end-use, 2018 – 2032
8.3.8 Italy
8.3.8.1 Market estimates and forecast, 2018 - 2032
8.3.8.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.3.8.3 Market estimates and forecast, by type, 2018 – 2032
8.3.8.4 Market estimates and forecast, by end-use, 2018 – 2032
8.3.9 Spain
8.3.9.1 Market estimates and forecast, 2018 - 2032
8.3.9.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.3.9.3 Market estimates and forecast, by type, 2018 – 2032
8.3.9.4 Market estimates and forecast, by end-use, 2018 – 2032
8.4 Asia Pacific
8.4.1 Market estimates and forecast, 2018 - 2032
8.4.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.4.3 Market estimates and forecast, by type, 2018 – 2032
8.4.4 Market estimates and forecast, by end-use, 2018 – 2032
8.4.5 China
8.4.5.1 Market estimates and forecast, 2018 - 2032
8.4.5.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.4.5.3 Market estimates and forecast, by type, 2018 – 2032
8.4.5.4 Market estimates and forecast, by end-use, 2018 – 2032
8.4.6 India
8.4.6.1 Market estimates and forecast, 2018 - 2032
8.4.6.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.4.6.3 Market estimates and forecast, by type, 2018 – 2032
8.4.6.4 Market estimates and forecast, by end-use, 2018 – 2032
8.4.7 Japan
8.4.7.1 Market estimates and forecast, 2018 - 2032
8.4.7.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.4.7.3 Market estimates and forecast, by type, 2018 – 2032
8.4.7.4 Market estimates and forecast, by end-use, 2018 – 2032
8.4.8 South Korea
8.4.8.1 Market estimates and forecast, 2018 - 2032
8.4.8.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.4.8.3 Market estimates and forecast, by type, 2018 – 2032
8.4.8.4 Market estimates and forecast, by end-use, 2018 – 2032
8.4.9 ANZ
8.4.9.1 Market estimates and forecast, 2018 - 2032
8.4.9.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.4.9.3 Market estimates and forecast, by type, 2018 – 2032
8.4.9.4 Market estimates and forecast, by end-use, 2018 – 2032
8.5 Latin America
8.5.1 Market estimates and forecast, 2018 - 2032
8.5.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.5.3 Market estimates and forecast, by type, 2018 – 2032
8.5.4 Market estimates and forecast, by end-use, 2018 – 2032
8.5.5 Brazil
8.5.5.1 Market estimates and forecast, 2018 - 2032
8.5.5.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.5.5.3 Market estimates and forecast, by type, 2018 – 2032
8.5.5.4 Market estimates and forecast, by end-use, 2018 – 2032
8.5.6 Argentina
8.5.6.1 Market estimates and forecast, 2018 - 2032
8.5.6.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.5.6.3 Market estimates and forecast, by type, 2018 – 2032
8.5.6.4 Market estimates and forecast, by end-use, 2018 – 2032
8.6 Middle East & Africa
8.6.1 Market estimates and forecast, 2018 - 2032
8.6.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.6.3 Market estimates and forecast, by type, 2018 – 2032
8.6.4 Market estimates and forecast, by end-use, 2018 – 2032
8.6.5 Saudi Arabia
8.6.5.1 Market estimates and forecast, 2018 - 2032
8.6.5.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.6.5.3 Market estimates and forecast, by type, 2018 – 2032
8.6.5.4 Market estimates and forecast, by end-use, 2018 – 2032
8.6.6 UAE
8.6.6.1 Market estimates and forecast, 2018 - 2032
8.6.6.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.6.6.3 Market estimates and forecast, by type, 2018 – 2032
8.6.6.4 Market estimates and forecast, by end-use, 2018 – 2032
8.6.7 South Africa
8.6.7.1 Market estimates and forecast, 2018 - 2032
8.6.7.2 Market estimates and forecast, by propulsion type, 2018 – 2032
8.6.7.3 Market estimates and forecast, by type, 2018 – 2032
8.6.7.4 Market estimates and forecast, by end-use, 2018 – 2032
Chapter 9 Company Profiles
9.1 BOLLINGER MOTORS INC. (Mullen)
9.1.1 Business Overview
9.1.2 Financial Data
9.1.3 Product Landscape
9.1.4 Strategic Outlook
9.1.5 SWOT Analysis
9.2 Cenntro Electric Group Limited
9.2.1 Business Overview
9.2.2 Financial Data
9.2.3 Product Landscape
9.2.4 Strategic Outlook
9.2.5 SWOT Analysis
9.3 Ford Motor Company
9.3.1 Business Overview
9.3.2 Financial Data
9.3.3 Product Landscape
9.3.4 Strategic Outlook
9.3.5 SWOT Analysis
9.4 General Motors (Including Chevrolet)
9.4.1 Business Overview
9.4.2 Financial Data
9.4.3 Product Landscape
9.4.4 Strategic Outlook
9.4.5 SWOT Analysis
9.5 GreenPower Motor Company
9.5.1 Business Overview
9.5.2 Financial Data
9.5.3 Product Landscape
9.5.4 Strategic Outlook
9.5.5 SWOT Analysis
9.6 Honda Motor Company
9.6.1 Business Overview
9.6.2 Financial Data
9.6.3 Product Landscape
9.6.4 Strategic Outlook
9.6.5 SWOT Analysis
9.7 Isuzu Motors Limited
9.7.1 Business Overview
9.7.2 Financial Data
9.7.3 Product Landscape
9.7.4 Strategic Outlook
9.7.5 SWOT Analysis
9.8 Jeep
9.8.1 Business Overview
9.8.2 Financial Data
9.8.3 Product Landscape
9.8.4 Strategic Outlook
9.8.5 SWOT Analysis
9.9 Lightning eMotors
9.9.1 Business Overview
9.9.2 Financial Data
9.9.3 Product Landscape
9.9.4 Strategic Outlook
9.9.5 SWOT Analysis
9.10 Mercedes Benz
9.10.1 Business Overview
9.10.2 Financial Data
9.10.3 Product Landscape
9.10.4 Strategic Outlook
9.10.5 SWOT Analysis
9.11 Nissan Motor Co.
9.11.1 Business Overview
9.11.2 Financial Data
9.11.3 Product Landscape
9.11.4 Strategic Outlook
9.11.5 SWOT Analysis
9.12 REE Automotive
9.12.1 Business Overview
9.12.2 Financial Data
9.12.3 Product Landscape
9.12.4 Strategic Outlook
9.12.5 SWOT Analysis
9.13 Renault
9.13.1 Business Overview
9.13.2 Financial Data
9.13.3 Product Landscape
9.13.4 Strategic Outlook
9.13.5 SWOT Analysis
9.14 Navistar, Inc. (Traton SE)
9.14.1 Business Overview
9.14.2 Financial Data
9.14.3 Product Landscape
9.14.4 Strategic Outlook
9.14.5 SWOT Analysis
9.15 Rivian
9.15.1 Business Overview
9.15.2 Financial Data
9.15.3 Product Landscape
9.15.4 Strategic Outlook
9.15.5 SWOT Analysis
9.16 Tata Motors
9.16.1 Business Overview
9.16.2 Financial Data
9.16.3 Product Landscape
9.16.4 Strategic Outlook
9.16.5 SWOT Analysis
9.17 The Shyft Group
9.17.1 Business Overview
9.17.2 Financial Data
9.17.3 Product Landscape
9.17.4 Strategic Outlook
9.17.5 SWOT Analysis
9.18 Toyota Motor Company
9.18.1 Business Overview
9.18.2 Financial Data
9.18.3 Product Landscape
9.18.4 Strategic Outlook
9.18.5 SWOT Analysis
9.19 VIA Motors Inc.
9.19.1 Business Overview
9.19.2 Financial Data
9.19.3 Product Landscape
9.19.4 Strategic Outlook
9.19.5 SWOT Analysis
9.20 Vicinity Motor Corp.
9.20.1 Business Overview
9.20.2 Financial Data
9.20.3 Product Landscape
9.20.4 Strategic Outlook
9.20.5 SWOT Analysis
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Starting at: $2,450
Base Year: 2022
Companies Profiled: 20
Tables and Figures: 480
Countries covered: 18
Pages: 250
Download Free PDF
Base Year: 2022
Companies Profiled: 20
Tables and Figures: 480
Countries covered: 18
Pages: 250
Download Free PDF
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Preeti Wadhwani. 2023, May. 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). Global Market Insights Inc. Retrieved June 30, 2026, from https://www.gminsights.com/toc/details/parcel-delivery-vehicle-market
Parcel Delivery Vehicle Market
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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.
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 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.
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 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
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:
Market, By Propulsion Type
Market, By Type
Market, By End-Use
The above information has been provided for the following regions and countries: