Courier Services Market Share
Courier Services Market Share
PORTLAND, OREGAON, UNITED STATES, October 13, 2023 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, "Courier Services Market," The courier services market was valued at $381.00 billion in 2021, and is estimated to reach $658.3 billion by 2031, growing at a CAGR of 5.7% from 2022 to 2031.
Asia-Pacific is expected to dominate the global courier services market. Demand for last mile delivery services in Asia-Pacific is expected to witness high growth in the future, owing to rise in e-commerce, high population growth, surge in disposable incomes & standards of living, high government support for development of logistics infrastructure, and growth in international trade. Moreover, significant rise in online-commerce retail sales, coupled with growth in online fast-moving consumer goods (FMCG) demand is also expected to foster the courier services market growth.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/6788
Rise in adoption of courier services for official documents, such as banking documents, passports, and others business related documents, is one of the key factors boosting the growth of the courier services market in the services segment. In addition, increase in adoption of courier services from individual customers for shipment of documents, such as printed matters, original certificate, and others, is further expected to drive the growth of the market. Increasing online pharmacy orders is expected to drive the growth of the market in the healthcare sector. In addition, rise in seaborne pharmaceutical transportation is a major factor that drives the growth of healthcare segment in the courier services industry.
The growth of the global courier services market size has propelled due to development of e-commerce industry and increase in demand for fast delivery of packages. However, poor infrastructure and higher logistics costs is the factor hampering the growth of the market. Furthermore, technological advancements is expected to offer growth opportunities during the forecast period.
𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 :
The coronavirus pandemic is an unprecedented crisis with dramatic economic impacts on the courier services industry. A first and striking consequence of the pandemic has been its widespread disruption to international supply chains. Strict constraints have been posed on international transport, particularly on-air traffic. Therefore, cross-border shipping was almost impossible during the first few months of COVID-19.
The pandemic has led to the decline of letters & document parcel and growth of e-commerce parcels due to an increased number of people shopping from home. The e-commerce and daily essential goods industry is expected to affect the courier services industry positively during the COVID-19 outbreak. As B2B courier services suffered and came to a halt, B2C emerged during the pandemic, owing to rapid growth of the online retail and e-commerce industry.
𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/courier-services-market/purchase-options
𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘 :
By service type, the B2C segment is anticipated to exhibit significant growth in the near future.
By destination, the international segment is anticipated to exhibit significant growth in the near future.
By end-use, the wholesale and retail segment is anticipated to exhibit significant growth in the near future.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
DB SCHENKER,
Deutsche Post DHL Group,
DSV A/S,
FedEx,
Nippon Express Co., Ltd.,
PostNL,
Qantas Courier Limited,
SF Express Co. Ltd.,
SG Holdings Co., Ltd.,
Singapore Post Limited,
United Parcel Service of America, Inc.,
Yamato Transport Company, Ltd.
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/6788
𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :
Reverse Logistics Market : https://www.alliedmarketresearch.com/reverse-logistics-market
Latin America logistics Market : https://www.alliedmarketresearch.com/latin-america-logistics-market-A07185
Fourth Party Logistics Market : https://www.alliedmarketresearch.com/fourth-party-logistics-market
Warehousing and Distribution Logistics Market : https://www.alliedmarketresearch.com/warehousing-and-distribution-logistics-market-A11526
Green Logistics Market : https://www.alliedmarketresearch.com/green-logistics-market-A84427
David Correa
Allied Market Research
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