Press release
Courier Services Global Market Demand Status, Competitive Landscape, Top Growing Regions, Segmentations, and Leading Key Opportunity Forecast To 2033
Courier Services Global Market
The Business Research Company offers in-depth market insights through Courier Services Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The courier services market size has grown strongly in recent years. It will grow from $438.5 billion in 2023 to $466.79 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to globalization, e-commerce boom, supply chain integration, consumer expectations, regulatory changes.
The courier services market size is expected to see strong growth in the next few years. It will grow to $602.47 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to drone and autonomous delivery, data analytics and ai, same-day and on-demand delivery, sustainability initiatives, customs and trade facilitation. Major trends in the forecast period include last-mile innovation, technology advancements, personalized delivery experiences, blockchain integration, collaborative logistics platforms.
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Market Segmentation:
The courier services market covered in this report is segmented -
1) By Service Type: B2B (Business-To-Business), B2C (Business-To-Consumer), C2C (Customer-To-Customer)
2) By Destination: Domestic, International
3) By End-Use: Services, Wholesale and Retail Trade, Healthcare, Industrial and Manufacturing, Other End-Uses
Major Driver - E-Commerce Boom Flourishes The Courier Services Market Growth
The rise of the e-commerce industry is expected to propel the growth of the courier services market going forward. E-commerce refers to the online exchange of products and services for payment and data delivery necessary to complete the sale. Courier services play a crucial role in the success of e-commerce businesses through the timely and reliable delivery of products to customers and the efficient management of their stock. For instance, in May 2023, according to the United States Census Bureau, a US-based Department of Commerce, U.S. e-commerce retail sales totaled $234.45 billion in the first quarter of 2022, further increasing to $253.12 billion in the first quarter of 2023. Therefore, the rise of the e-commerce industry is driving the courier services market.
Competitive Landscape:
Major companies operating in the courier services market report are United Parcel Service Inc., Deutsche Post AG, FedEx Corporation, Japan Post Co Ltd., The United States Postal Service, DB Schenker, SF Express Co. Ltd., DSV A/S, Nippon Express Co. Ltd., International Distributions Services plc, The Yamato Transport Company Ltd., SG Holdings Co. Ltd., TFI International Inc., Qantas Courier Limited, ZTO Express Inc., PostNL NV, Purolator Inc., Singapore Post Ltd., OnTrac Inc., Delhivery Ltd., Lone Star Overnight LLC, Blue Dart Express Limited, LaserShip Inc., Spee-Dee Delivery Service Inc., Dicom Express & GoJIT, Yunda Holding Co Ltd., DTDC Express Limited, ShipBob Inc., Eastern Connection Operating Inc., Dash Courier.
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Top Trend - Giant Courier Firms Redefine Services With Otc Delivery Solutions
Major companies operating in the courier services market are concentrating their efforts on developing innovative solutions such as OTC delivery solutions. A one-time code delivery solution refers to a method of authentication or verification where a unique code is generated and sent to a user for a single-use purpose. For instance, in February 2023, BVK Technology, a Turkey-based security system supplier, announced the launch of 'One Time Code courier delivery box solution'. The OTC delivery solution is applicable for use by both couriers and retailers, either as a standalone service or as an integral component of the company's Fast and Locked courier service. Utilizing OTC delivery, the courier transports the items within a tailored package, secured through a Bluetooth lock that operates without the need for a physical key.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Courier Services Market Characteristics
3. Courier Services Market Trends And Strategies
4. Courier Services Market - Macro Economic Scenario
5. Courier Services Market Size And Growth
…..
27. Courier Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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