According to the research report titled ‘Global Time Definite Parcel Market - Analysis By Product (B2B, B2C), Mode of Transport, By Region, By Country: Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global time define parcel market attained a massive USD 137283.41 million valuation in 2019 and is projected to accrue notable returns through 2025.
 

Reinvention of parcel delivery processes, improvement in quality & capacity of logistics, increased demand for time definite goods, documents, services, & information across businesses and consumers are fueling global time define parcel market growth. Moreover, upsurge in international shipments is accelerating the industry expansion.
 

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For the uninitiated, time definite parcels incur a higher cost as the delivery gives prominence to speed over cost efficiency. This cost structure difference in comparison to e-commerce parcels is a major challenge for this business sphere. Although, emergence of innovatory technologies in delivery processes by market giants such as DHL, SF, FedEx, and UPS will likely resolve competitive delivery methods. In addition, increasing number of business transactions, e-commerce activities, along with growing emphasis on tracking & tracing parcel status are expected to catapult the growth of global time definite parcel industry over the forecast duration.
 

Deliberating the impact of Covid-19 on global time definite parcel market size, major players such as FedEx, DPDHL, and UPS have witnessed huge loss due to restrictions on travel and businesses. On the other, the importance of web-services and delivery services have witnessed a rise amid the pandemic, indicating a high a demand for time define parcel in the near future.
 

Based on product, worldwide time definite parcel market is split into B2B, and B2C, wherein the former segment is expected to gain considerable traction owing to rising utilization of e-commerce portals for purchasing high-end brands and food products by the large masses post Covid-19 pandemic.
 

Considering the mode of transport, global time definite parcel market size is fragmented into roadways, waterways, and airways. Trusted records cite that airways segment currently accounts for a significant market share as it is the fastest means for transporting time-sensitive goods and documents, especially for international shipping.
 

On the geographical front, North America contributes the maximum to global time definite parcel market remuneration, trailed by Europe and Asia Pacific. As per trusted projections, Europe is expected to emerge as a lucrative avenue for business expansion over the projected timeline in view of the presence of leading service providers and high-quality logistics facilities, along with growing online retail stores across the region.
 

Key players influencing global time definite parcel market trends are United Parcel Service, Inc., FedEx Corp., Time Definite Express Ltd., Sky Net Worldwide Express, U.S. Logistics, Inc., Deutsche Post DHL Group, JDLogistics, Inc., YTO Express Group Co., Ltd., ZTO Express (Cayman) Inc., and S.F. Holding Co. Ltd.