Domestic Couriers Market Size, Regional Outlook, Competitive Strategies And Forecasts To 2032 | FedEx Corporation, SF Express Co., Ltd., UPS Limited, DHL Express, Royal Mail
As per the domestic couriers market report by The Business Research Company, E-commerce trade is expected to be one of the major drivers of the global domestic courier service market. As the buying and selling of goods and services over the internet continues to grow, the volume of courier or parcel deliveries will increase and thereby drive the demand for courier delivery services. E-commerce, or electronic commerce, or internet commerce, refers to the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet.
The global domestic couriers market size will grow from $54.84 billion in 2022 to $61.30 billion in 2023 at a compound annual growth rate (CAGR) of 11.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global domestic couriers market size is expected to grow to $93.30 billion in 2027 at a CAGR of 11.1%.
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Major competitors in the Domestic Couriers market include FedEx Corporation, United Parcel Service Inc., A-1 Express, SF Express Co., Ltd., UPS Limited, DHL Express, Yunda Holding Co., Ltd., Royal Mail, and Japan Post Group.
The Domestic Couriers market is segmented -
1) By Type: Ground, Express, Deferred
2) By Application: Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C)
3) By End User: BFSI, Wholesale And Retail Trade, Construction, Manufacturing, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Domestic Couriers market.
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Domestic couriers provide shipping services for small packages and parcels in metropolitan areas and urban centers within a country to deliver small parcels and documents in a short period of time, reduce the risk of loss, and offer better security as compared to other shipping methods to improve customer satisfaction.
The Table Of Content For The Domestic Couriers Market Include:
1. Executive Summary
2. Domestic Couriers Market Characteristics
3. Domestic Couriers Market Trends And Strategies
4. Domestic Couriers Market - Macro Economic Scenario
5. Domestic Couriers Market Size And Growth
26. Africa Domestic Couriers Market
27. Domestic Couriers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Domestic Couriers Market
29. Domestic Couriers Market Future Outlook and Potential Analysis
The "Global Domestic Couriers Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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