Couriers And Messengers Market – Industry Trend Analysis, Sales And Growth Forecast, 2020-2023 | FedEx Corporation, SF Holdings

Couriers And Messengers Market - By Type (Domestic Couriers Market, International Couriers Market), By Type Of Coverage, By End-User, And By Region – Global Forecast To 2023 By The Business Research Company

The global couriers and messengers’ market reached a value of nearly $541.6 billion in 2019, having grown at a compound annual growth rate (CAGR) of 9.3% since 2015, and is expected to grow at a CAGR of 11.1% to nearly $824.9 billion by 2023. Growth in the historic period resulted from increasing demand from medical and health care industries, rise in e-commerce, rise in consumer spending, and emerging markets growth.

The key drivers of the couriers and messengers include:
The key drivers of the couriers and messengers market include:
Rise In Business Activity – Business activities that will need any type of courier or messengers services to ship their parcels will boost the market for the courier and messengers’ services market in the forecast period. In the past, offices had their own office delivery personnel to deliver the couriers from the office to the desired destinations but now the trend has shifted to a courier company model to reduce the cost of overheads. Increase in e-commerce business activities such as online food deliveries, online shopping for groceries, household stuffs, personal stuffs, electronic items and others are also driving the courier and messengers service market.

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Couriers And Messengers Market Segmentation
The couriers and messengers market is segmented by type of service, by coverage, by end-user and by geography

By Type Of Service- The couriers and messengers market can be segmented by type of service
1) Domestic Couriers
2) International Couriers
The domestic couriers market was the largest segment of the couriers and messengers’ market, accounting for $437.92 billion or 80.9% of the total in 2019. The international couriers market is expected to be the fastest-growing segment going forward at a CAGR of 11.5%.

By Coverage – The couriers and messengers market can be segmented by coverage
1) Local Messengers And Local Delivery
2) Couriers And Express Delivery Services
By End User – The couriers and messengers market can be segmented by end user
1) B2B
2) B2C
3) Others

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By Geography - The couriers and messengers market is segmented into
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa

Some of the major key players involved in the couriers and messengers market are
1. United Parcel Service, Inc.
2. FedEx Corporation
3. United States Postal Service
4. Deutsche Post DHL Group
5. SF Holdings

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