Press release
Postal Services Market Overview And Growth Insights Report 2020-30: COVID-19 Impact And Recovery
The global postal services market reached a value of nearly $208,550.8 million in 2019, having decreased at a compound annual growth rate (CAGR) of -0.1% since 2015. The market is expected to decrease from $208,550.8 million in 2019 to $193,249.8 million in 2020 at a rate of -7.34%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 1.60% from 2021 and reach $200,766.9 million in 2023.
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This report describes and evaluates the global postal services market. It covers 2015 to 2019, termed the historic period, and 2019 to 2023 termed the forecast period, along with further forecasts for the periods 2023-2025 and 2025-2030.
Growth in the historic period resulted from strong economic growth in emerging markets, low oil prices and rise in e-commerce. Factors that negatively affected growth in the historic period were email as cheaper and quicker communication and competitive market. Going forward, adoption of data analytics, technology development and use of automated and electric vehicles will positively impact the market. Factors that could hinder the growth of the postal services market in the future include workforce shortage, oil price volatility, coronavirus pandemic and developed nations exit from universal postal union.
Postal Services Market Segmentation: -
By Type
1) Express
2) Standard
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Postal Services Market Characteristics
4. Postal Services Market Product Analysis
5. Postal Services Market Supply Chain
……
19. Postal Services Market Competitive Landscape
20. Key Mergers And Acquisitions In The Postal Services Market
21. Market Background: General Transportation Market
22. Recommendations
23. Appendix
The report covers the trends and market dynamics of the postal services market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the postal services market are United States Postal Service, Deutsche Post, Le Groupe La Poste, Royal Mail Group plc, Japan Post Holdings Co., Ltd. and China Post Group Co., Ltd
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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