The Domestic Couriers by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Domestic Couriers, The domestic couriers market size has grown rapidly in recent years. It will grow from $62.4 billion in 2023 to $69.97 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to increasing demand from medical and healthcare industries, rise in e-commerce, rise in consumer spending.
The domestic couriers market size is expected to see rapid growth in the next few years. It will grow to $109.39 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to restaurant meals delivery services, rise in business activity, increasing e-commerce business, grocery delivery services, technological advances, covid pandemic and reduced logistics cost. Major trends in the forecast period include demand delivery of parcels, automated parcel terminals, customized solutions for e-commerce companies, shifting focus from b2b to b2c deliveries, drone deliveries, delivery with autonomous vehicles, route optimization and e-locker delivery system.
E-commerce trade is expected to be one of the major drivers of the global domestic couriers market. As the buying and selling of goods and services over the internet continues to grow, the volume of courier or parcel deliveries will increase and thereby drive the demand for courier delivery services. E-commerce, or electronic commerce, or internet commerce, refers to the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer, or consumer-to-business. A few examples of e-commerce websites include online stores such as Amazon, Ebay, Quikr, Olx, and more. The emergence of eCommerce has made products easier to discover and purchase through online retailers and marketplaces, and has benefited independent freelancers, small businesses, and large corporations by enabling them to sell their goods and services on a higher scale. Thus, the growing e-commerce industry is anticipated to drive the domestic couriers market in the forecast period by enhancing the courier or parcel delivery service opportunities within the country.
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The domestic couriers market covered in this report is segmented –
1) By Type: Ground, Express, Deferred
2) By Application: Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C)
3) By End User: BFSI, Wholesale And Retail Trade, Construction, Manufacturing, Individuals, Other End Users
The E-locker delivery system is a computerised electronic locker system used for the security of delivering, retrieving, or recovering parcels. Each locker station may include a set of individual lockers of various sizes, each with an electronically controlled release-operated door latch. Each locker station has an input/output device(s) that is electronically connected to an internal computer. This makes an ideal solution for apartments, dormitories, businesses, and other applications that handle the ongoing delivery of packages and parcels. For instance, Packcity is an automated electronic locker system that securely stores and distributes inbound parcels, informs recipients that a parcel has arrived, and allows 24/7 collections. Packcity enables the storage and distribution of a large volume of incoming parcels. Its easy-to-use interface allows recipients to track parcels and inform them about the arrival of their parcel. Since the emergence of the E-locker delivery system solves the problem of rising parcel deliveries, it is anticipated to be an important trend that drives the domestic courier market.
The domestic couriers 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
Major Players:
- United Parcel Service Inc.
- FedEx Corporation
- China Post, Royal Mail
- United States Postal Service
- Canada Post Corporation
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