Index Forecasts an Annual 17-28 Percent
Increase in Parcel Volume Thru 2021
Pitney Bowes (NYSE:PBI), a global technology company that
provides innovative products and solutions to power commerce, today
announced a 48 percent increase in global parcel volume over the
last two years, as reported by its second annual Parcel Shipping
Index. Parcel volume has grown from 44 billion parcels in 2014 to
65 billion in 2016, and the increase in growth shows no signs of
slowing down, with the Index estimating parcel growth will continue
to rise at a rate of 17-28 percent each year between 2017 and
2021.
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Pitney Bowes Parcel Shipping Index
(Photo: Business Wire)
Released today, the Index measures parcel volume and spend for
business-to-business, business-to-consumer, consumer-to-business
and consumer consigned shipments with weight up to 31.5 kg (70
pounds), across 13 major markets, including: Australia, Brazil,
Canada, China, France, Germany, India, Italy, Japan, Norway,
Sweden, United Kingdom and United States.
China, a new addition to this year’s Index and by far the
largest market examined, grew parcel volume by 52 percent in one
year, increasing from 21 billion parcels in 2015 to 31 billion in
2016. But, even when excluding China’s prolific volumes, the Index
forecasts a strong and accelerating pace of growth in parcels
throughout the world. On average, the other 12 major markets
studied have grown 4.3% annually since 2012 and are projected to
grow 4.5% - 5.4% annually through 2021.
The United States (at 13 billion) and Japan (at 9 billion) were
also among the largest markets by parcel volume. In terms of
investment, the United States ranked highest, spending $96 billion
on parcel shipments, followed by China at $60 billion and Japan at
$22 billion.
“The continued rise of ecommerce globally is keeping the parcel
shipping market strong through 2021 as consumers are increasingly
looking to online shopping for convenience, price and availability
of products from around the world,” said Lila Snyder, executive
vice president and president, Global Ecommerce, Pitney Bowes. “As
consumer expectations continue to rise, shipping technology and
service providers will need to help retailers and marketplaces meet
those demands.”
Results from the Parcel Shipping Index point to rapid growth and
last mile delivery challenges – when a parcel is transported from a
hub to the end-user – as driving innovation across markets. New
trends and emerging technologies, such as parcel lockers,
crowd-shipping, on-demand delivery services, evening and weekend
delivery and drones, are impacting the customer shipping experience
by shortening delivery times, lowering delivery costs and adding
flexibility.
“Managing the growing demands and navigating the evolving
landscape of parcel shipping can be complicated for organizations
of all sizes, from large enterprises to small businesses,” said
Mark Shearer, executive vice president and president, Global SMB
Solutions, Pitney Bowes. “Digital transformation of a company’s
shipping workflow—like the integration of SaaS-based multi-carrier
platforms—can help to better enable carrier, timing and cost
efficiencies for companies, as well as improve customer experiences
through the addition of tracking capabilities, simplifying and
streamlining processes for both senders and recipients.”
A breakdown of key results across major markets is included
below.
United States Continues to Lead the World in Parcel Spend
Americas (Brazil, Canada, United States)
- Of the 13 countries analyzed, the
United States remains the largest market in terms of spend,
recording $95.8 billion in 2016. Parcel volume also increased by
8.2 percent year-over-year, up from 12 billion parcels in 2015 to
13 billion parcels in 2016.
- The annual parcel shipping market in
Brazil grew by 13 percent in spend from 2015 to R$11.6 billion in
2016 and 9 percent in volume, up from 558 million parcels in 2015
to 609 million in 2016.
- In Canada, annual parcel spend
increased by 2.6 percent, up from $7.1 billion CAD in 2015 to $7.3
billion CAD in 2016. Volume also grew by 4.4 percent from 2015 to
597 million parcels in 2016.
Germany is the Largest European Parcel Market in both Volume and
Spend
Europe (France, Germany, Italy, Norway, Sweden, United
Kingdom)
- Germany is the largest European parcel
market – in terms of both volume and spend. Parcel spend increased
by 6 percent to €14 billion in 2016. Similarly, parcel volume
increased by 6.7 percent to 3.3 billion in 2016. Of note, business
to consumer shipments represented 58 percent of all parcels in
Germany in 2016.
- In 2016, the parcel shipping market in
France grew by 3 percent in spend to €10 billion, and 4 percent in
volume to 1.6 billion.
- With a 2014-2016 compound annual growth
rate (CAGR) of 12 percent, Italy is among the top three fastest
growing markets by volume in the Index. From 2015-2016, parcel
volume increased by 10 percent to 801 million parcels, and spend
increased by 3 percent to reach €5 billion in 2016.
- The parcel shipping market in Norway
increased by 4 percent in spend to 6.3 billion kr, and by 6 percent
in volume to 38 million in 2016.
- In Sweden, parcel spend grew by 6
percent to 4.4 billion kr, and volume grew by 9 percent to 108
million in 2016.
- In the United Kingdom, parcel spend
increased by 8 percent to £9.7 billion, and volume increased by 12
percent to 2.5 billion in 2016.
Australia Experiences Double-Digit Growth in Parcel Volume (Year
over Year)
Asia Pacific (Australia, China, India, Japan)
- In Australia, the parcel market
experienced double digit growth in parcel volume, increasing in
2016 by 13 percent to 794 million, and parcel spend grew by 4
percent to reach AU$9 billion in 2016.
- From 2015 to 2016, the parcel shipping
market in China grew by 52 percent in volume to reach 31 billion
parcels shipped, and 45 percent in spend to reach ¥400.5
billion.
- Parcel volume in India grew by 22
percent to 412 million in 2016, and spend increased in 2016 by 5
percent to reach 115 billion Indian rupees.
- Japan showed a 3 percent growth in
parcel volume and 2 percent growth in parcel spend from 2015 to
2016, reaching 9.4 billion and ¥2,401 billion respectively.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global technology company powering
billions of transactions – physical and digital – in the connected
and borderless world of commerce. Clients around the world,
including 90 percent of the Fortune 500, rely on products,
solutions, services and data from Pitney Bowes in the areas of
customer information management, location intelligence, customer
engagement, shipping, mailing, and global ecommerce. And with the
innovative Pitney Bowes Commerce Cloud, clients can access the
broad range of Pitney Bowes solutions, analytics, and APIs to drive
commerce. For additional information visit Pitney Bowes, the
Craftsmen of Commerce, at www.pitneybowes.com.
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Pitney BowesCathleen Doyle Salvatore,
203-351-7086Cathleen.salvatore@pb.com
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