Courier Express and Parcel Market with In Depth Industry Analysis on Trends, Growth, Opportunities and Forecast till 2028 | Aramex, Deutsche Post DHL Group, FedEx Corporation

Courier service is a facility by which goods, consignment, parcels, products, etc. to be delivered from one location to another location. Courier services are recognized from their tracking features, security, and speed. rising internet and smartphone penetration boosting e-commerce sales, growing disposable incomes, changing lifestyles, and increasing inclination towards online shopping are some of the factors that booming the growth of the courier express and parcel market.

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Companies Profiled in this report includes:  Aramex, Deutsche Post DHL Group, FedEx Corporation, PostNL, Royal Mail Group Ltd, SF Express Co., Ltd., SG Holdings Co Ltd, Singapore Post Limited, United Parcel Service, Inc., Yamato Holdings Co. Ltd

MARKET SEGMENTATION

  Based on business type, the global courier express and parcel market is segmented into B2C, B2B and C2C.

  On the basis of destination, the market is segmented into domestic and international.

  Based on end-user, the global courier express and parcel market is segmented into BFSI, retail, manufacturing and construction, agriculture and others.

MARKET DYNAMICS

Drivers:

 Advancement of technology and rapid urbanization have boosted the growth of the global courier express and parcel market.

  On the contrary, a surge in demand from the e-commerce industry and introducing real-time tracking feature to the customer, this delivery innovation improves convenience to customers and provides them greater visibility into their deliveries. This, in turn, triggering the growth of the courier express and parcel market.

  An increase in international trade and government initiatives regarding import-export regulations are expected to influence the courier express and parcel market growth during the forecast period..

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IMPACT OF COVID-19 ON COURIER EXPRESS AND PARCEL MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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