Description
Express delivery is a door-to-door logistics activity with postal functions, which means express companies use rail, road, and air transportation to quickly deliver customers’ goods.
According to CRI’s analysis, the efficiency and functions of express delivery services are better than ordinary postal services in China, but the charges are also significantly higher than ordinary postal services. There are three types of courier services: intra-city courier, domestic inter-city courier, and international courier.
In 2020, China’s online retail sales value reached CNY11,760.1 billion, with a year-on-year increase of 10.9%. Among them, the online retail sales value of physical goods was CNY975.9 billion, with an increase of 14.8%, accounting for 24.9% of the total retail sales of consumer goods; among the online retail sales of physical goods, food, clothing, and consumer goods increased by 30.6% and 5.8% and 16.2% respectively.
According to CRI’s analysis, the rapid rise of e-commerce in China in recent years and the surge in market demand have led to rapid growth in the express delivery industry. The volume of China’s express delivery business has increased from 31.3 billion in 2016 to 83.4 billion in 2020. In 2020, the revenue of China’s express delivery industry has reached CNY879.5 billion. The Chinese government has issued a series of policies to support the development of the express delivery industry, and some local governments have also issued policies to support the development of the express delivery industry in the region. However, the development of China’s express delivery industry also has some risks and challenges, such as rising rents and labor costs leading to an increase in overall costs. And some government policies may also have an adverse effect on China’s express delivery industry.
Due to the extensive development of China’s express delivery industry, severe homogeneity competition, the continued decline in profit margins, and capital needs of large infrastructure, many private express companies that have difficulty in obtaining bank loans have chosen to be listed to raise funds to increase their competitive advantage in the market. By 2020, the market structure of China’s express delivery industry has not undergone major changes. Major companies in the express industry have been listed. For example, Zhongtong Express and Best Express are listed on the New York Stock Exchange. S.F. Holding Co., Ltd., YTO Express, STO Express, and Yunda Express with their backdoor listing plan are listed on the A-share market. Debon, as the first express company to be listed on the domestic main board through an IPO, is listed on the A-share market.
According to CRI’s analysis, due to rising labor costs and store rents in China, the cost of physical stores has continued to rise, enhancing the advantages of the online retail industry. It is expected that China’s e-commerce industry will develop rapidly from 2021 to 2025. In addition, due to the severe impact of the COVID-19 epidemic on the real economy in 2020, the advantages of e-commerce have become prominent, driving the rapid development of the express delivery industry. At the same time, new e-commerce models such as cross-border shopping will also promote the development of China’s express delivery industry and bring new development directions to the express delivery industry. The policies of the Chinese government in the next few years will also be beneficial to the development of the express delivery industry. For example, the State Council executive meeting held in 2021 has determined a series of measures to support transportation, express delivery, and other logistics industries to alleviate difficulties and speed up the recovery and development. These include that all localities should provide equal access to postal and express delivery companies of various ownerships, break the “last mile” delivery barriers in villages and communities and increase reductions of the tax fee.
Topics Covered:
-Economic Environment of Express Delivery Industry in China
-Policies in Express Delivery Industry in China
-Analysis of Supply and Demand in Express Delivery Industry in China, 2016-2020
-Analysis of Market Competition in Express Delivery Industry in China
-Analysis of Major Companies in Express Delivery Industry in China
-Analysis of Costs in Express Delivery Industry in China
-Price Trend of Express Delivery Services in China
-Driving Forces and Opportunities in Express Delivery Industry in China
-Unfavorable Factors in Express Delivery Industry in China
-Forecast on Supply and Demand in Express Delivery Industry in China 2020-2024
-The impact of COVID-19 on the Express Delivery Industry in China
Table of Contents
1 Concept in Express Delivery Industry
1.1 Definition and Classification of Express Delivery
1.1.1 Definition of Express Delivery
1.1.2 Classification of Express Delivery
1.2 Parameters and Assumptions
1.2.1 Assumption Base
1.2.2 Data Sources
1.3 The Impact of COVID-19 on China’s Express Delivery Industry
2 Analysis of Express Delivery Industry in China, 2016-2020
2.1 Development Environment of Express Delivery Industry in China
2.1.1 Economic Environment
2.1.2 Policy Environment
2.1.3 Social Environment
2.2 Analysis on Supply of Express Delivery Industry in China, 2016-2020
2.2.1 Express Delivery Enterprise Profiles
2.2.2 Supply Capacity of Express Delivery
2.3 Analysis of Demand in Express Delivery Market in China, 2016-2020
2.3.1 Major Consumer Groups in Express Delivery Market
2.3.2 Market Size of Express Delivery in China, 2016-2020
3 Competition Status of Express Delivery Industry in China, 2016-2020
3.1 Barriers to Entry in Express Delivery Industry in China
3.1.1 Barrier of Economies of Scale
3.1.2 Barrier of Necessary Capital
3.1.3 Barrier of Product Differentiation
3.1.4 Barrier of Human Capital
3.2 Competition Structure of China Express Delivery Industry
3.2.1 Bargaining Power of Suppliers of Express Delivery
3.2.2 Bargaining Power of Consumers of Express Delivery
3.2.3 Internal Competition of Express Delivery Industry
3.2.4 Substitutes for Express Delivery
3.2.5 Threats from New Entrants
4 Analysis of Top Express Delivery Players in China, 2016-2020
4.1 S.F. Holding Co., Ltd.
4.1.1 Enterprise Profile
4.1.2 Operating Revenue of S.F. Holding Co., Ltd.
4.2 STO Express
4.2.1 Enterprise Profile
4.2.2 Operating Revenue of STO Express
4.3 YTO Express Group Co., Ltd.
4.3.1 Enterprise Profile
4.3.2 Operating Revenue of YTO Express
4.4 Yunda Holding Co., Ltd.
4.4.1 Enterprise Profile
4.4.2 Operating Revenue of Yunda Holding Co., Ltd.
4.5 ZTO Express
4.5.1 Enterprise Profile
4.5.2 Operating Revenue of ZTO Express
4.6 Sinotrans Air Transportation Development Co., Ltd.
4.6.1 Enterprise Profile
4.6.2 Operating Revenue of Sinotrans Air Transportation Development Co., Ltd.
4.7 China Postal Express & Logistics Co., Ltd.
4.7.1 Enterprise Profile
4.7.2 Operating Revenue of China Postal Express & Logistics Co., Ltd.
4.8 Other Express Delivery Companies
5 Analysis on Cost and Price of Express Delivery Industry in China, 2016-2020
5.1 Analysis of Cost of Express Delivery Industry in China
5.2 Analysis of Express Price in China
5.2.1 Analysis of Express Price in China, 2016-2020
5.2.2 Analysis of the Price Trend of Express Delivery in China
6 Forecast on Development of Express Delivery Industry in China, 2021-2025
6.1 Factors Influencing Development of China Express Delivery Industry
6.1.1 Major Driving Forces and Market Opportunities in China Express Delivery Industry, 2021-2025
6.1.2 Threats and Challenges in Future Express Delivery Industry in China
6.2 Forecast on Express Delivery Industry in China, 2021-2025
6.2.1 Forecast on Supply in Express Delivery Industry in China, 2021-2025
6.2.2 Forecast on Product Structure of Express Delivery in China
6.3 Forecast on Demand in China Express Delivery Industry, 2021-2025
6.3.1 Overall Demand
6.3.2 Forecast on Segment Demand for Express Delivery in China
List of Charts
Chart China’s GDP and Total Retail Sales Value of Consumer Goods, 2016-2020
Chart Online Retail sales, 2016-2020
Char Number of Online Shoppers, 2016-2020
Chart Regulations and Policies in Express Delivery Industry in China
Chart Number of Express Delivery in China, 2016-2020
Chart Operating Revenue of Express Delivery in China, 2016-2020
Chart Major Express Delivery’ Listing History in China by the end of 2020
Chart Operating Revenue of Major Express Delivery in China, 2020
Chart Operating Revenue of S.F. Holding Co., Ltd., 2016-2020
Chart Operation Status of S.F. Holding Co., Ltd., 2016-2020
Chart Operating Revenue of STO Express, 2016-2020
Chart Operation Status of STO Express, 2016-2020
Chart Operating Revenue of YTO Express, 2016-2020
Chart Operation Status of YTO Express, 2016-2020
Chart Operating Revenue of ZTO Express, 2016-2020
Chart Operation Status of ZTO Express, 2016-2020
Chart Operating Revenue of Yunda Express, 2016-2020
Chart Operation Status of Yunda Holding Co., Ltd., 2016-2020
Chart Operating Revenue of Sinotrans Air Transportation Development Co., Ltd., 2016-2020
Chart Operation Status of Sinotrans Air Transportation Development Co., Ltd., 2016-2020
Chart China’s Gasoline Price Trend, 2016-2020
Chart Average Annual Salary of Employees in China 2016-2020
Chart E-commerce Transaction Scale in China, 2016-2020
Chart Forecast on Volume of Express Delivery in China, 2021-2025
Chart Forecast on Operating Revenue of Express Delivery in China, 2021-2025
