Courier Services Market Analysis & Forecast 2022 - 2028|UPS, FedEx

 

A courier service is a service that allows someone to send a parcel or consignment from one location to another. They can be booked and paid for online. Senders have the option to have their parcels collected by a courier or drop their parcel off at a nearby location to be picked up later by the courier.
Highlights
Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, the global Courier Services market is projected to reach US$ 566700 million by 2028 from an estimated US$ 388380 million in 2022, at a CAGR of 6.5% during 2023 and 2028.
Global courier services main players include UPS, FedEx, DHL, China Post, Royal Mail, Aramex, etc., totally accounting for about 87% of the market. China is the largest market, with a share over 35%. As for the types of products, it can be divided into courier, express and parcel. In terms of applications, it is widely used in B2B, B2C and C2C. B2B is the largest application, holding a share over 58%.

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Complete study of the global Courier Services market is carried out by the analysts in this report, taking into consideration key factors like drivers, challenges, recent trends, opportunities, advancements, and competitive landscape. This report offers a clear understanding of the present as well as future scenario of the global Courier Services industry. Research techniques like PESTLE and Porter's Five Forces analysis have been deployed by the researchers. They have also provided accurate data on Courier Services production, capacity, price, cost, margin, and revenue to help the players gain a clear understanding of the overall existing and future market situation.

 
Segmental Analysis

The report has classified the global Courier Services industry into segments including product type and application. Every segment is evaluated based on growth rate and share. Besides, the analysts have studied the potential regions that may prove rewarding for the Courier Services manufacturers in the coming years. The regional analysis includes reliable predictions on value and volume, thereby helping market players to gain deep insights into the overall Courier Services industry.

Global Courier Services Market Segment By Type:

Courier
Express
Parcel

Global Courier Services Market Segment By Application:

B2B
B2C
C2C

Competitive Landscape

It is important for every market participant to be familiar with the competitive scenario in the global Courier Services industry. In order to fulfill the requirements, the industry analysts have evaluated the strategic activities of the competitors to help the key players strengthen their foothold in the market and increase their competitiveness.

Key companies operating in the global Courier Services market include: UPS, FedEx, Royal Mail, DHL, China Post, Japan Post Group, SF Express, BancoPosta, YTO Expess, ZTO Express, STO Express, Yunda Express, Aramex
 
Key questions answered in the report:

What is the growth potential of the Courier Services market?
Which product segment will grab a lion's share?
Which regional market will emerge as a frontrunner in the coming years?
Which application segment will grow at a robust rate?
What are the growth opportunities that may emerge in the Courier Services industry in the years to come?
What are the key challenges that the global Courier Services market may face in the future?
Which are the leading companies in the global Courier Services market?
Which are the key trends positively impacting the market growth?
Which are the growth strategies considered by the players to sustain their hold in the global Courier Services market?
 
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