According to the research report titled ‘Global Time Definite Parcel Market - Analysis By Product (B2B, B2C), Mode of Transport, By Region, By Country (2020 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with MarketStudyReport, global time definite parcel market was worth USD 137283.41 million in 2019 and is anticipated to showcase lucrative growth trends over the analysis period 2020-2025.
 

Advancements in the parcel delivery processes, rapid improvements in the logistics quality & competence, and increasing demand for time definite goods, services, documents & information among businesses & consumers are the major factors driving global time definite parcel market growth.
 

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Introduction of innovative technologies in the delivery processes along with focus towards introducing cost competitive delivery methods are adding traction to the overall market size. On the downside, time definite parcels are associated with greater costs as the delivery is based on speed over cost efficiency, which in turn could hinder the market progression over the estimated timeline.
 

Based on product type, global time definite parcel industry space is segmented into business to business (B2B), and business to consumers(B2C). Increasing business transactions, rising e-commerce activity, and growing importance of tracking & tracing the status of the parcel are favoring the segmental growth.
 

Speaking of the mode of transport, the marketplace is categorized into airways, waterways, and roadways. Among these, airways segment is slated to garner notable returns over the projected timeline, as it is the fasted mode of transport, and the most preferred for shipping goods & documents that are to be delivered on priority across different countries.
 

As per the regional framework, Europe market is slated to accrue significant returns over the projected timeframe, on account of the existence of high-quality logistics & competence, presence of prominent players, and increasing internet retailing.
 

Prominent players swaying the industry trends are United Parcel Service Inc., FedEx Corporation, Time Definite Express Ltd., SkyNet Worldwide Express, US Logistics LLC, Deutsche Post DHL Group, JD Logistics Inc., YTO Express Group Co. Ltd., ZTO Express (Cayman) Inc., and S.F. Holding Co. Ltd.