Courier Services Market size was valued at USD 428.70Bn. in 2023 and the total Graphene Battery revenue is expected to grow by 5.8 % from 2024 to 2030, reaching nearly USD 636.14 Bn.
Courier Services Market Overview:
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Mergers and Acquisitions in the Courier Services Industry:
The courier services sector has witnessed notable mergers and acquisitions aimed at expanding market presence and enhancing service capabilities:
- Europe: InPost, a Polish parcel locker company backed by Advent International, is expanding its European footprint, focusing heavily on the UK market due to soaring demand for out-of-home deliveries. The company plans to invest over €1 billion, aiming to extend its network from nine to up to 15 countries by next year.
- United States: Roadrunner Transportation Systems is receiving a significant investment boost from an investment vehicle led by its executive chairman and CEO Chris Jamroz, along with Milwaukee investor Ted Kellner. This investment aims to reposition Roadrunner for mergers and acquisitions, focusing on strategic acquisitions to enhance its existing operations.
- United Kingdom: Evri, formerly Hermes UK, has been sold by Advent International to Apollo Global Management for £2.7 billion. This acquisition reflects the ongoing consolidation in the logistics sector, with Apollo aiming to leverage Evri’s strong market position and large customer base.
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Key Developments in the Courier Services Market:
Several countries have undertaken strategic initiatives to strengthen their positions in the courier services market:
- Vietnam: The Vietnamese courier, express, and parcel (CEP) market is expanding due to the booming e-commerce sector, with domestic and international companies investing in infrastructure and technology to meet growing consumer demand.
- Thailand: Thailand’s CEP market is growing, driven by urbanization and infrastructure projects, with local and international companies investing in production capacity and product innovation.
- Singapore: Major private equity firms, including BGH Capital, Blackstone, KKR, Pacific Equity Partners, and EQT, are set to compete for Singapore Post’s Australian business, valued at $1 billion. This sale includes Freight Management Holdings and CouriersPlease, reflecting strategic moves to optimize operations.
- Japan: Japanese courier companies are focusing on eco-friendly and high-efficiency delivery solutions, leveraging advanced technologies to cater to both domestic and international markets.
- South Korea: South Korean manufacturers are investing in smart logistics and automation, aiming to enhance delivery speed and expand their global footprint.
- European Union: The EU is emphasizing sustainable and low-emission delivery services, with companies investing in green technologies and expanding through strategic acquisitions to strengthen their market presence.
- United States: The U.S. market is characterized by innovation in last-mile delivery and drone technology, with companies engaging in mergers and acquisitions to diversify their service offerings and enter new markets.
Courier Services Market Segmentation:
by Service Type
B2B
B2C
C2C
The courier services market is divided into three segments: B2B, B2C, and C2C. The B2B segment is likely to dominate the Courier Services Market over the forecast period. Business-to-business transactions are widespread in a typical supply chain, as corporations purchase components and items such as raw materials for use in manufacturing activities. Finished goods can then be sold to individuals via business-to-consumer transactions.
by Destination
Domestic
International
The courier services market is divided into two segments: domestic and international services. Domestic courier services are likely to dominate the Courier Services Market over the forecast period. Domestic couriers sell modest package and parcel delivery services in a country’s urban and metropolitan areas. The sector generates revenue from companies that manage package sorting and transportation.
by End-Use
Service
Wholesale & Retail Trade
Healthcare
Industrial & Manufacturing
Other
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Courier Services Market Key Players:
1. S.F. Express
2. Japan Post Holdings
3. ZTO Express
4. Poste Italiane
5. TFI International
6. Delhivery
7. International Distributions Services (Royal Mail)
8. Blue Dart Express
9. Österreichische Post
10. Bpost
11. Pitney Bowes
12. Gati
13. FedEx Corporation,
14. SF Express (Group) Co. Ltd.,
15. Deutsche Post DHL Group,
16. United Parcel Service Inc.,
17. Yamato Holdings Co. Ltd,
18. Qantas Courier Limited,
19. DB Schenker,
20. SG Holdings Co. Ltd,
21. PostNL NV,
22. Singapore Post Ltd.,
23. Nippon Express,
24. DSV AS.
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Courier Services Market Regional Insights :
The size and trends in the Courier Services market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).
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Your Ultimate Guide: Key Questions Answered in the Latest Market Report:
- What is Courier Services?
- What was the Courier Services market size in 2023?
- Which are the factors expected to drive the Courier Services market growth?
- Who are the leading companies and what are their portfolios in Courier Services Market?
- What growth strategies are the players considering to increase their presence in Courier Services?
- What are the upcoming industry applications and trends for the Courier Services Market?
- What will be the CAGR at which the Courier Services market will grow?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Courier Services Market?
- What are the different segments of the Courier Services Market?
- What is the growth rate of the Courier Services market?
- What segments are covered in the Courier Services Market?
- Who are the key players in the Courier Services market?
- What are the key challenges and opportunities in the Courier Services market?
- Which application holds the highest potential in the Courier Services market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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