Dallas, Texas, May 31, 2021 (GLOBE NEWSWIRE) – The application “Global Courier, Express and Parcel Services Market Size 2020, By Type (Air Transport, Road Transport, Rail Transport, and Sea Transport) Application (B2B, B2C, C2C) ) Regions (Asia-Pacific, Europe, North America, South America, and Middle East & Africa) and Forecast 2021 to 2028 ”provide a detailed view of historical, present and forecast market estimates.
The global courier, express and parcel services market size is expected to reach nearly USD 550.06 billion by 2028. In addition, it is expected to reach a CAGR of over 6.2% during the forecast years 2021-2028. Global courier, express and parcel services are used to provide general consumers or businesses to business consumers with their products by air, rail, sea or road. One of the key factors contributing to the growth of this market is the rise of e-commerce giants in the B2C segment of this market. These service players include FedEx, DHL, UPS, and others. They mainly distribute products from e-commerce giants such as amazon, Alibaba and others. The service includes delivery by air, sea, land (rail and road). The same day delivery option is expected to become more attractive in the market, adding high value service and less time spent on delivery to the consumer.
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The future and existing progress of the courier, express courier and parcel services market are described to know the attractiveness of the market. The major influencing factors are focused on the courier, express and parcel services market opportunities over the forecast years. Factors such as diversification and expansion of logistics activity by major industry players are driving the growth of the market. In addition, increasing disposable income around the world is driving the growth of the global courier, express and parcel services market. However, fluctuating fuel prices are likely to hamper the growth of the market. In addition, the emergence of autonomous logistics should be an opportunity for the courier, express and parcel services market.
Adroit Market Research report on Global Courier, Express and Parcel Services Market gives a holistic view of the market from 2018 to 2028 which includes factors such as market drivers, restraints, opportunities, and challenges . The market has been studied for historical years from 2018 to 2020 with the base year of the estimate being 2020 and the forecast from 2021 to 2028. The report covers the current status and future traits of the market globally and national. Further, the study assesses the market based on Porter’s Five Forces Analysis and positions key players based on their product portfolio, geographic footprint, strategic initiatives, and overall revenue. The major players in the Global Anti-Slip Additives Market have been studied in detail.
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The courier, express and parcel services market faces strong competition from already known and new market players. In addition, players in the courier, express and parcel services industry are looking for potential markets to gain a competitive edge among other industry players by forming mergers and acquisitions, deals, acquiring d ‘other companies and new startups, establishing collaborations and partnerships, and expanding their commercial existence. .
On the basis of the Type segment, the market is divided into air transport, road transport, rail transport, and maritime transport. In 2020, the road transport segment recorded the major growth and it is likely to maintain its position during the forecast years. According to (International Transport Forum), the volume of world trade increased by 3.6% in 2016. According to the International Transport Forum 2, 73,458 freight vehicles were used in Australia for transport, which is the highest number in 2020. In addition, in the 21st century the number of deaths in road accidents is also reduced in scale. New business trends between Asia, South America and Africa will redefine global supply chains, and the use of road transport for local e-commerce deliveries should also be on a high note. These factors are expected to drive the growth of the road transport market in the freight industry.
The North America region is expected to accumulate the strongest growth over the forecast years. The market growth in this region is mainly attributed to the growing need to improve productivity and the increased demand in this region. Moreover, the North American region held the highest market share in 2020 and it is expected to remain dominant in the forecast years 2021-2028.
The major players in the global courier, express and parcel services market are UPS, FedEx Corporation, DHL International GmbH, China Post Group Cooperation, Japan Post Holdings Co. Ltd., Royal Mail, SF Express Co. Ltd., Poste Italiane, YTO Express (International Holdings Limited), ZTO Express, STO Express, Yunda Express, Aramex. The courier, express and parcel services market includes established local and global players.
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Main points from the table of contents:
2. Research methodology
3. Market outlook
4. Courier, Express Mail and Parcel Services Market by Type, 2018-2028 (USD Billion)
5. Courier, Express Mail and Parcel Services Market by Application, 2018-2028 (USD Billion)
6. Courier, Express and Parcel Services Market by Region 2018-2028 (USD Billion)
7. Competitive landscape
8. Company profiles
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