Express air delivery market to double in five years
Tuesday, October 25, 2005, 17:44
Hungary's market for international express air deliveries is expected to be worth about 70 million this year, up from 62 million in 2004, according to a study by Deutsche Post, which owns express delivery service DHL Express Hungary. The study estimates the market for international express air deliveries will grow further to 100 million in 2008, and to 150 million in 2010, more than doubling in size over five years. According to the study, DHL Express Hungary is leader on the international express air delivery market, with a 36% share, followed by TNT Express Worldwide Hungary with 31%, the Hungarian unit of UPS with 23%, FedEx, which has no Hungarian unit, with 9%, and the Hungarian postal service Magyar Posta with 2%.
The study says the market for express road deliveries will grow as well, but not as much as that for express air deliveries. This year the market is expected to be worth 27 million, up from 22 million in 2004. The study estimates the market at 50 million in 2008 and 70 million in 2010.