Courier Express and Parcel Market Overview, Growth, and Trends (2021-2031)

The courier express, and parcel market is expected to reach US$ 471.12 billion in 2024 and is expected to reach US$ 595.32 billion by 2031; it is estimated to record a CAGR of 8.5% from 2025 to 2031.

MARKET OVERVIEW

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.

MARKET SCOPE

The "Global Courier express and parcel Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the courier express and parcel market with detailed market segmentation by business type, destination, end-user, and geography. The report provides key statistics on the market status of the leading courier express and parcel market players and offers key trends and opportunities in the market.

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..

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The courier express and parcel market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the courier express and parcel market in these regions.

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.

MARKET PLAYERS

The report covers key developments in the courier express and parcel market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from courier express and parcel market are anticipated to lucrative growth opportunities in the future with the rising demand for courier express and parcel in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the courier express and parcel market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• 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

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Courier Express and Parcel Report Scope