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.
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The global courier services market is expected to grow from $411.52 billion in 2022 to $438.5 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 courier services market is expected to reach $559.2 billion in 2027 at a CAGR of 6.3%.
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.
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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
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