Courier Services Market Trends, Share Analysis And Growth Report 2033
Overview and Scope
Courier services refer to a quick door-to-door service that picks up an order and delivers it to the customer’s home for a nominal fee. They offer a direct delivery service, making it less likely for valuable items to get lost in transit.
Sizing and Forecast
The courier services market size has grown strongly in recent years. It will grow from $438.5 billion in 2023 to $466.79 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to globalization, e-commerce boom, supply chain integration, consumer expectations, regulatory changes.
The courier services market size is expected to see strong growth in the next few years. It will grow to $602.47 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to drone and autonomous delivery, data analytics and ai, same-day and on-demand delivery, sustainability initiatives, customs and trade facilitation. Major trends in the forecast period include last-mile innovation, technology advancements, personalized delivery experiences, blockchain integration, collaborative logistics platforms.
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Segmentation & Regional Insights
The courier services market covered in this report is segmented –
1) By Service Type: B2B (Business-To-Business), B2C (Business-To-Consumer), C2C (Customer-To-Customer)
2) By Destination: Domestic, International
3) By End-Use: Services, Wholesale and Retail Trade, Healthcare, Industrial and Manufacturing, Other End-Uses
Asia-Pacific was the largest region in the courier services market in 2023. The regions covered in the courier services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rise of the e-commerce industry is expected to propel the growth of the courier services market going forward. E-commerce refers to the online exchange of products and services for payment and data delivery necessary to complete the sale. Courier services play a crucial role in the success of e-commerce businesses through the timely and reliable delivery of products to customers and the efficient management of their stock. For instance, in May 2023, according to the United States Census Bureau, a US-based Department of Commerce, U.S. e-commerce retail sales totaled $234.45 billion in the first quarter of 2022, further increasing to $253.12 billion in the first quarter of 2023. Therefore, the rise of the e-commerce industry is driving the courier services market.
Key Industry Players
Major companies operating in the courier services market report are United Parcel Service Inc., Deutsche Post AG, FedEx Corporation, Japan Post Co Ltd., The United States Postal Service, DB Schenker, SF Express Co. Ltd., DSV A/S, Nippon Express Co. Ltd., International Distributions Services plc, The Yamato Transport Company Ltd., SG Holdings Co. Ltd., TFI International Inc., Qantas Courier Limited, ZTO Express Inc., PostNL NV, Purolator Inc., Singapore Post Ltd., OnTrac Inc., Delhivery Ltd., Lone Star Overnight LLC, Blue Dart Express Limited, LaserShip Inc., Spee-Dee Delivery Service Inc., Dicom Express & GoJIT, Yunda Holding Co Ltd., DTDC Express Limited, ShipBob Inc., Eastern Connection Operating Inc., Dash Courier.
The courier services market report table of contents includes:
1. Executive Summary
2. Courier Services Market Characteristics
3. Courier Services Market Trends And Strategies
4. Courier Services Market – Macro Economic Scenario
5. Global Courier Services Market Size and Growth
…………
32. Global Courier Services Market Competitive Benchmarking
33. Global Courier Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Courier Services Market
35. Courier Services Market Future Outlook and Potential Analysis
36. Appendix
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