The Business Research Company’s Courier Services Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Courier Services Global Market Report 2023 evaluates courier services market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The global courier services market is on the cusp of remarkable growth, with projections indicating an increase from 1.52 billion in 2022 to 8.5 billion in 2023, driven by a robust compound annual growth rate (CAGR) of 6.6%. Nevertheless, it is imperative to contextualize this growth within the framework of recent global events, particularly the Russia-Ukraine conflict, which has cast a formidable shadow over the world's economic recovery journey post the COVID-19 pandemic.
The far-reaching repercussions of this geopolitical turmoil encompass not only economic sanctions on multiple nations but also a significant upsurge in commodity prices and disruptions within the supply chain. These cascading effects have led to inflationary pressures affecting a multitude of industries and markets on a global scale.
However, despite these formidable challenges, the courier services market exhibits a tenacious spirit, poised to scale new heights. By 2027, it is anticipated to reach a substantial valuation of 9.2 billion, underpinned by a steady CAGR of 6.3%. This growth trajectory underscores the resilience and significance of the courier services market in facilitating global trade and commerce, bridging distances, and meeting the evolving demands of our interconnected world.
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 4.45 billion in the first quarter of 2022, further increasing to 3.12 billion in the first quarter of 2023. Therefore, the rise of the e-commerce industry is driving the courier services market.
The courier services market segments in the report are:
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
Top 5 Major Key Players Are: United Parcel Service Inc Deutsche Post AG FedEx Corporation Japan Post Co Ltd The United States Postal Services
Table Of Contents 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 ........ 32. Global Courier Services Market Competitive Benchmarking 33. Global Courier Services Market Competitive Dashboard 34. Key Mergers And Acquisitions In The Courier Services Market 35. Courier Services Market Future Outlook and Potential Analysis 36. Appendix
Learn About Us: The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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