Overview and Scope
Couriers and messengers refer to a part of the transportation of goods that provides tracked, guaranteed, and express delivery services of parcels within intercity, local, and/or international geography without operating under a universal service obligation that includes local messengers, who usually deliver the parcels within a metropolitan or single urban area and mostly use bicycles, on-foot, small trucks, or vans.
Sizing and Forecast
The couriers and messengers market size has grown rapidly in recent years. It will grow from <b>$812.04 billion in 2023 to $913.42 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. </b> The growth in the historic period can be attributed to e-commerce growth, globalization, urbanization, time sensitivity.
The couriers and messengers market size is expected to see rapid growth in the next few years. It will grow to <b>$1444.74 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%. </b> The growth in the forecast period can be attributed to technological advancements, healthcare logistics, emerging markets, customization and personalization. Major trends in the forecast period include technological advancements, same-day and instant delivery, global trade and cross-border e-commerce.
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Segmentation & Regional Insights
The couriers and messengers market covered in this report is segmented –
1) By Type: Domestic Couriers, International Couriers
2) By Coverage: Local Messengers And Local Delivery, Couriers And Express Delivery Services
3) By End-User: B2B, B2C, Other End Users
<b>Asia-Pacific</b> was the largest region in the couriers and messengers market in 2023. <b>Western Europe</b> was the second largest region in the couriers and messengers market. The regions covered in the couriers and messengers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
Courier and express delivery service providers are increasingly using automated parcel terminals. Automated parcel terminals are computer-controlled units that allow customers to collect, hand in, and return parcels around the clock. These terminals are deployed at locations with maximum footfall, such as walkways, convention centers, grocery outlets, shopping malls, convenience stores, gas stations, and railway stations. These terminals improve the quality of the delivery services network and reduce last-mile delivery management costs for the company. Automated parcel terminals are being extensively used in Europe and the global market for automated parcel delivery terminals is expected to reach $ 1.06 billion by 2025, thus indicating a significant potential for these automated systems.
Key Industry Players
Major companies operating in the couriers and messengers market include <b> Amazon.com Inc., United States Postal Service, United Parcel Service Inc., Deutsche Post AG, FedEx Corporation, SF Express Co. Ltd., Le Groupe La Poste, Canada Post Corporation, Japan Post Group, The Royal Mail, DHL, Quick Messenger Service, American Eagle Courier LLC, NPD Logistics, OnTrac Logistics Inc., Postmates, Grubhub Inc., DoorDash Inc., Uber Eats, Instacart, Deliv Inc., Caviar express Inc., Favor Delivery, Shipt, Roadie Inc., GoShare, DTDC Express Ltd., Dropoff, Quiqup, Stuart, Gophr, Zoom2u, Lalamove, Postmates Fleet, Favor Fleet, Uber Eats Driver, DoorDash Inc.</b>
The couriers and messengers market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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