'Global Courier Market' the new research report adds in Data Bridge Market Research's reports database. This Research Report spread across 329 Page, 53 No of Tables, And 244 No of Figures with summarizing Top companies, with tables and figures. The Courier market research report presents a comprehensive study on production capacity, consumption, import and export for all the major regions across the world. By keeping in mind the end user's point of view, a team of researchers, forecasters, analysts and industry expert's work in-depth to formulate this Courier market research report. The research and analysis carried out in this Courier report assists clients to forecast investment in an emerging market, expansion of market share or success of a new product. To turn complex market insights into simpler version, well established tools and techniques are used for generation of Courier report.
Market Analysis and Insights: Global Courier Market
Courier market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 7.1% in the forecast period of 2021 to 2028 and expected to reach USD 556,792.73 million by 2028.
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Courier involves delivering messages, packages and parcels from one person to another by using various modes of transportation. The delivery is made by using multiple modes of transportation such as roadways, waterways and airways. These companies are providing more advanced services such as same-day delivery to enhance customer experience. Courier services involve the whole process of picking up the parcel and providing it to the concerned person. It also maintains warehouses where packages can be stored and delivered to different locations by means of different transportation.
The major factors driving the growth of the courier market are increasing adoption of contract manufacturing, adoption of new technologies in courier supply chain network systems, increasing global import and export activities and adoption of multiple services through smartphones and use of internet services. Rising growth in globalization is leading to cross-border courier services and creating opportunities for the growth of the market. Lack of proper infrastructure is acting as the major restraint for courier market. Congestions associated with trade routes is acting as a major challenge for the growth of the market.
Top Key players in Global Courier Market Report: e FedEx, Deutsche Post AG, United Parcel Service of America, Inc., Yamato Transport Co., Ltd. (A Subsidiary of YAMATO HOLDINGS CO., LTD.), Koninklijke PostNL, Aramex, Singapore Post Limited, SF Express, Sagawa Express Co.,Ltd. (A Subsidiary of SG Holdings Co., Ltd.), Qantas Airways Limited, Allied Express, Unique Air Express, Gati-Kintetsu Express Private Limited, Royal Mail Group Limited, DTDC Express Limited, Hermes Europe GmbH, GO! Express & Logistics (Deutschland) GmbH, GEODIS, Delhivery Pvt Ltd, and LaserShip Inc
For instance,
- In September 2020, Singapore Post Limited. introduced new price structure for package and parcel deliveries within Singapore and internationally. According to new structure, pricing for local package and parcel deliveries were simplified to a flat rate for each service type and the rate structure for international deliveries were simplified and cheaper. This has helped the company to streamline their offerings to create better value for customers.
- In August 2020, Aramex announced launch of Courier Lite franchisee model. This Courier Lite franchisee focused on high demand areas and collects parcels from the home depot once per day and cultivates new business. This has helped the company to enhance their reach and offerings in the market.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for Courier market through expanded product range.
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Market Segmentation:
Courier market is segmented on the basis of type, delivery mode, customer type, destination, and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the global courier market has been segmented into outbound and inbound. In 2021, the outbound held a larger share in the market, owing to changing demand of the consumer goods market, implementation of technologies in the tracking of goods, which in turn results in customer loyalty and satisfaction, and improved customer experience.
- On the basis of delivery mode, the global courier market has been segmented into normal delivery and express delivery. In 2021, normal delivery held a larger share in the market, as customers prefer to have 3-5 days shipping, as compared to paying more for express shipping. Consumers are more concerned about shipping costs, as compared to delivery speed, which is the major factor responsible for a high share of normal delivery.
- On the basis of customer type, the global courier market has been segmented into B2B (business-to-business), B2C (business-to-consumer) and C2C (consumer-to-consumer). In 2021, B2B (business to business) category held the largest share in the market. This is mainly due to high-value goods being delivered in the B2B segment, multiple purchases of products, and a reduced number of cancelled orders.
- On the basis of destination, the global courier market has been segmented into domestic and international/cross-border. In 2021, domestic held a larger share in the market, attributed to the inexpensive nature of domestic shipments, reduced number of documentation and regulations involved, ease of convenience, and shorter shipping cycle.
- On the basis of end User, the global courier market has been segmented into wholesale and retail trade (e-commerce), medical courier, manufacturing, services (BFSI), construction, utilities and primary industries. Medical courier segment is further segmented by service type into standard courier services, rush and on-demand, international services, warehousing, pallet shipment and others. Medical courier segment is further segmented by application into hospitals, pharmaceuticals, medical equipment, diagnostic labs, blood banks and supplies and others. Primary industries segment is further segmented into agriculture and other natural resources. Wholesale and retail trade (e-commerce), manufacturing, services (BFSI), construction and utilities are further segmented into parcel, courier and express. In 2021, wholesale and retail trade (e-commerce) held a larger share in the market, owing to the rapid growth of the e-commerce industry, adding several delivery options for customers, real-time tracking of parcels, and better customer experience
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Courier Market Regional Analysis/Insights
Global Courier market is analysed and market size information is provided by country, type, delivery mode, customer type, destination, and end user.
The countries covered in global courier market report are U.S., Canada, Mexico in North America, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe in Europe, China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia Pacific (APAC), South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa (MEA) in Middle East and Africa (MEA), Brazil, Argentina, Columbia, Chile, Peru and Rest of South America in South America.
The Asia-Pacific is the more dominating region in courier service as the number of companies present and the different services the companies are offering. Asia-Pacific is growing at a highest CAGR.
The China accounted for maximum share in the courier market, due to new technologies in courier supply chain network systems and increasing import and export activities. The U.S. accounts for second largest market as it has large usage of courier services. The presence of e-commerce industry which has more courier service is increasing in Germany and hence it is dominating in Europe region.
The country section of the Courier market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Key questions answered in the report:
- What will the market development pace of the Courier market?
- What are the key factors driving the Global Courier market?
- Who are the key manufacturers in the market space?
- What are the market openings, market hazard and market outline of the market?
- What are sales, revenue, and price analysis of top manufacturers of Courier market?
- Who are the distributors, traders, and dealers of Courier market?
- What are the Courier market opportunities and threats faced by the vendors in the Global Courier industries?
- What are deals, income, and value examination by types and utilizations of the market?
- What are deals, income, and value examination by areas of enterprises?
For More Insights Get Detailed TOC at https://www.databridgemarketresearch.com/toc/?dbmr=global-courier-market
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