The Netherlands-based international express delivery company TNT is striving to increase its share of China’s road delivery market, a senior executive told China Daily.

Marie-Christine Lombard, CEO of TNT Express, said the country’s delivery market will reach the same size as the current US market by 2020, valued at US$85.8bn.

She said many logistics companies in China providing ‘less-than-truckload’ services pay insufficient attention to prompt delivery times, and this presents an opportunity for TNT which offers day-definite delivery service across the country. The day-definite service has achieved high double-digit growth since it was introduced in 2009, according to Ms Lombard.

Chen Zhuo, an industrial analyst from Huachuang Securities, said China's logistics market will grow by 21 per cent year-on-year in the next five years.

“China’s logistics market is dividing into two separate markets,” he added. “One is dominated by domestic delivery companies, which usually have no international networks or well-known brands, but compete with each other in a cut-throat price war; the other is controlled by the major four foreign companies who focus on high-end international express business.”