The Global Postal Services Market Industry is driven by E-commerce
The postal services industry consists of organisations that offer mail pickup, transportation, and delivery services to both domestic and international destinations. Postal services handle letters, postcards, magazines, newspapers, parcels and logistical documents on a daily basis. Postal services play a crucial role in the communication and parcel industry by facilitating the transmission of mails and parcels across regions in a reliable and timely manner. With the proliferation of e-commerce and online shopping, parcel volumes handled by postal services have increased exponentially in recent years. Postal services have upgraded their parcel handling capabilities including offering real-time tracking, additional insurance and faster delivery options to adapt to the growing parcel demand.
The postal services market is estimated to be valued at USD 249.37 Bn in 2024 and is expected to reach USD 275.50 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 1.43% from 2024 to 2031.
Key Takeaways
Key players operating in the postal services market include China Post Group Corporation, Deutsche Post AG, La Poste SA, Royal Mail Holdings PLC, Japan Post Holdings Co Ltd, Swiss Post Ltd, Singapore Post Limited, Australian Postal Corporation and United States Postal Service.
These players collectively account for over 50% share of the global Postal Services Market Demand The consistent rise in e-commerce and online shopping activities around the world has significantly boosted parcel volumes handled by postal services in recent years. Additionally, many postal services have expanded and upgraded their portfolio to include value-added services like product returns, fulfilment and inventory management to capitalize on the booming parcel market. Geographically, developing economies in Asia Pacific and Latin America are witnessing strong growth in the adoption of postal services due to increasing internet penetration, rising incomes and growing demand for quick deliveries.
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