Global Courier Market, By Type (Outbound and Inbound), Delivery Mode (Normal Delivery and Express Delivery), Customer Type (B2B (Business-To-Business), B2C (Business-To-Consumer) and Consumer-To-Consumer (C2C)), Destination (Domestic and International/Cross-Border), End User, (Wholesale and Retail Trade (E-Commerce), Medical Courier, Manufacturing, Services (BFSI), Construction, Utilities and Primary Industries), Country (U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Colubia, Peru, Chile and Rest of South America) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Courier Market
Courier market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 7.1% in the forecast period of 2021 to 2028 and expected to reach USD 556,792.73 million by 2028.
Courier involves delivering messages, packages and parcels from one person to another by using various modes of transportation. The delivery is made by using multiple modes of transportation such as roadways, waterways and airways. These companies are providing more advanced services such as same-day delivery to enhance customer experience. Courier services involve the whole process of picking up the parcel and providing it to the concerned person. It also maintains warehouses where packages can be stored and delivered to different locations by means of different transportation.
The major factors driving the growth of the courier market are increasing adoption of contract manufacturing, adoption of new technologies in courier supply chain network systems, increasing global import and export activities and adoption of multiple services through smartphones and use of internet services. Rising growth in globalization is leading to cross-border courier services and creating opportunities for the growth of the market. Lack of proper infrastructure is acting as the major restraint for courier market. Congestions associated with trade routes is acting as a major challenge for the growth of the market.
This Courier market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Global Courier Market Scope and Market Size
Courier market is segmented on the basis of type, delivery mode, customer type, destination, and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the global courier market has been segmented into outbound and inbound. In 2021, the outbound held a larger share in the market, owing to changing demand of the consumer goods market, implementation of technologies in the tracking of goods, which in turn results in customer loyalty and satisfaction, and improved customer experience.
- On the basis of delivery mode, the global courier market has been segmented into normal delivery and express delivery. In 2021, normal delivery held a larger share in the market, as customers prefer to have 3-5 days shipping, as compared to paying more for express shipping. Consumers are more concerned about shipping costs, as compared to delivery speed, which is the major factor responsible for a high share of normal delivery.
- On the basis of customer type, the global courier market has been segmented into B2B (business-to-business), B2C (business-to-consumer) and C2C (consumer-to-consumer). In 2021, B2B (business to business) category held the largest share in the market. This is mainly due to high-value goods being delivered in the B2B segment, multiple purchases of products, and a reduced number of cancelled orders.
- On the basis of destination, the global courier market has been segmented into domestic and international/cross-border. In 2021, domestic held a larger share in the market, attributed to the inexpensive nature of domestic shipments, reduced number of documentation and regulations involved, ease of convenience, and shorter shipping cycle.
- On the basis of end User, the global courier market has been segmented into wholesale and retail trade (e-commerce), medical courier, manufacturing, services (BFSI), construction, utilities and primary industries. Medical courier segment is further segmented by service type into standard courier services, rush and on-demand, international services, warehousing, pallet shipment and others. Medical courier segment is further segmented by application into hospitals, pharmaceuticals, medical equipment, diagnostic labs, blood banks and supplies and others. Primary industries segment is further segmented into agriculture and other natural resources. Wholesale and retail trade (e-commerce), manufacturing, services (BFSI), construction and utilities are further segmented into parcel, courier and express. In 2021, wholesale and retail trade (e-commerce) held a larger share in the market, owing to the rapid growth of the e-commerce industry, adding several delivery options for customers, real-time tracking of parcels, and better customer experience
Global Courier Market Country Level Analysis
Global Courier market is analysed and market size information is provided by country, type, delivery mode, customer type, destination, and end user.
The countries covered in global courier market report are U.S., Canada, Mexico in North America, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe in Europe, China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia Pacific (APAC), South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa (MEA) in Middle East and Africa (MEA), Brazil, Argentina, Columbia, Chile, Peru and Rest of South America in South America.
The Asia-Pacific is the more dominating region in courier service as the number of companies present and the different services the companies are offering. Asia-Pacific is growing at a highest CAGR.
The China accounted for maximum share in the courier market, due to new technologies in courier supply chain network systems and increasing import and export activities. The U.S. accounts for second largest market as it has large usage of courier services. The presence of e-commerce industry which has more courier service is increasing in Germany and hence it is dominating in Europe region.
The country section of the Courier market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Demand of Couriers
Global courier market also provides you with detailed market analysis for every country growth in installed base of different kind of products, impact of technology using life line curves and changes regulatory scenarios and their impact on the Courier market. The data is available for historic year 2010 to 2019.
Competitive Landscape and Courier Market Share Analysis
Courier market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to courier market.
Some of the major players operating in the Courier market are FedEx, Deutsche Post AG, United Parcel Service of America, Inc., Yamato Transport Co., Ltd. (A Subsidiary of YAMATO HOLDINGS CO., LTD.), Koninklijke PostNL, Aramex, Singapore Post Limited, SF Express, Sagawa Express Co.,Ltd. (A Subsidiary of SG Holdings Co., Ltd.), Qantas Airways Limited, Allied Express, Unique Air Express, Gati-Kintetsu Express Private Limited, Royal Mail Group Limited, DTDC Express Limited, Hermes Europe GmbH, GO! Express & Logistics (Deutschland) GmbH, GEODIS, Delhivery Pvt Ltd, and LaserShip Inc among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In September 2020, Singapore Post Limited. introduced new price structure for package and parcel deliveries within Singapore and internationally. According to new structure, pricing for local package and parcel deliveries were simplified to a flat rate for each service type and the rate structure for international deliveries were simplified and cheaper. This has helped the company to streamline their offerings to create better value for customers.
- In August 2020, Aramex announced launch of Courier Lite franchisee model. This Courier Lite franchisee focused on high demand areas and collects parcels from the home depot once per day and cultivates new business. This has helped the company to enhance their reach and offerings in the market.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for Courier market through expanded product range.
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