Pune, Jan. 16, 2023 (GLOBE NEWSWIRE) -- Maximize Market Research is a leading consumer goods and services research firm that has delivered a detailed analysis of the “Courier Services Market”. The report includes key business insights, demand analysis, pricing analysis and competitive landscape. The report expects the market to grow from USD 383.02 billion in 2021 to USD 601.32 billion by 2029 at a CAGR of 5.8 percent during the forecast period from 2022 to 2029.
Courier Services Market Scope and Research Methodology
The report on Courier Services Market provides valuable information for clients to make decisions regarding production and investment. Regional analysis is at all levels for a deeper understanding of the market dynamics by region. It offers insights such as market penetration, demand and consumer preferences in the region, growth drivers and market share dominance. The main offering of the report is the market size and growth rate of the Courier Services Market. For a segment-wise analysis of the Courier Services Market, it is divided into Service Type, Destination, End-User and Region to grasp a picture of the fastest-growing segment and the one that requires improvisation. This helps understand the current trends and consumer behaviour patterns and demand.
Demand analysis is conducted to get a deeper understanding of consumer preferences and factors affecting them which helps devise marketing, sales and pricing strategies. To understand the competitive landscape of the Courier Services Market, key competitors are listed according to various curated indicators of the growth of these companies. This includes the services offered, revenue generated, the financial status of the company, technical advancements adopted, brand awareness, mergers and acquisitions and joint alliances.
Data is collected using a mix of both primary and secondary research methods. Surveys, administering questionnaires offline and online, and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. Secondary data was collected from a curated selection of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, company records, releases of product manufacturers and suppliers in the industry along with paid databases. The report thus provides a comprehensive analysis of the Courier Services Market with market gaps and investment recommendations.
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Courier Services Market Overview
Courier Services are quick and simple delivery services that offer pickup and delivery of goods and documents. The services work by charging customers a sum based on the weight of the parcel to be couriered. Courier services play a key role in logistics, especially which is witnessing growth on account of the rise of the e-commerce industry.
Courier Services Market Dynamics
A major factor contributing to the growth of the Courier Services Market is the massive growth of the e-commerce industry. This growth has resulted in an increased demand for the delivery of goods, especially faster one-day deliveries. Logistics services play a key role in the functioning of the e-commerce industry; improving their supply chain for faster and more efficient delivery of goods and services.
Change in the corporate structure for faster and cost-effective last-mile delivery services coupled with technological developments are also factors influencing the Courier Services Market growth over the forecast period. The use of GPS and other technologies like QR codes and location-based solutions are also being incorporated into the working of the Courier Services Market to ensure enhanced tracking of goods and timely delivery.
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Courier Services Market Regional Insights
While North America and Europe made up 50 percent of the market, 45 percent of the growth was held by the Asia-Pacific region. Growth in the region is attributed to the growing rapidly growing population, rising disposable incomes and improvement in the standard of living. Another important factor influencing regional is the growth of the e-commerce industry and an increase in global commerce as a whole. Developing countries are witnessing growth in manufacturing industries along with the establishment of new multinational corporations in the region. Government policies supporting ease of business are developing a business-encouraging ecosystem. These factors are expected to drive the regional Courier Services Market growth over the forecast period.
| Market Size in 2021 | USD 383.02 Bn. |
| Market Size in 2029 | USD 601.32 Bn. |
| CAGR | 5.8% (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 202 |
| No. of Tables | 104 |
| No. of Charts and Figures | 100 |
| Segment Covered | Service Type, Destination, End-User and Region |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
Courier Services Market Segmentation
By Service Type:
- B2B
- B2C
- C2C
By Destination:
- Domestic
- International
By End-Use:
- Service
- Wholesale & Retail Trade
- Healthcare
- Industrial & Manufacturing
- Other
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Courier Services Market Key Competitors include:
- S.F. Express
- Japan Post Holdings
- ZTO Express
- Poste Italiane
- TFI International
- Delhivery
- International Distributions Services (Royal Mail)
- Blue Dart Express
- Österreichische Post
- Bpost
- Pitney Bowes
- Gati
- FedEx Corporation,
- SF Express (Group) Co. Ltd.,
- Deutsche Post DHL Group,
- United Parcel Service Inc.,
- Yamato Holdings Co. Ltd,
- Qantas Courier Limited,
- DB Schenker,
- SG Holdings Co. Ltd,
- PostNL NV,
- Singapore Post Ltd.,
- Nippon Express,
- DSV AS.
Key questions answered in the Courier Services Market are:
- What are Courier Services?
- What are the risks and threats to the growth of the Courier Services Market?
- What is the current growth rate of the Courier Services Market?
- What are the challenges and opportunities faced by the Courier Services Market?
- Who are the key players in the Courier Services Market?
- What are the factors affecting growth in the Courier Services Market?
- Who held the largest market share in Courier Services Market?
- Which segment is expected to witness growth over the forecast period for the Courier Services Market?
- Which regions are expected to be the hotspots for the Courier Services Market growth?
- What does demand analysis say about the consumer behaviour in the Courier Services Market?
- Which segment is expected to witness most competition in the Courier Services Market and why?
- What are the key competitor strategies used in the Courier Services Market?
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Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Service Type, Destination, End-User and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading consumer goods and services research firm, has also published the following reports:
On-Demand Logistics Market-The market size is expected to reach USD 120.78 billion by 2029 at a CAGR of 19.8 percent during the forecast period. It is expected to be driven by massive growth in the e-commerce industry, rapid adoption of smartphones and access to internet.
Pharmaceutical Logistics Market-The market size is expected to reach USD 164.61 billion by 2029 at a CAGR of 9.2 percent during the forecast period. It is expected to be driven by the growth of the pharmaceutical industry, increasing demand for over-the-counter medications and advancement in technology.
Secure Logistics Market -The market size is expected to reach USD 136.31 billion by 2029 at a CAGR of 8.21 percent during the forecast period. It is expected to be driven by increasing demand for secure money transportation, increasing adoption of digital payments and developments in logistics.
Cargo Shipping Market-The market size is expected to reach USD 17.07 billion tons by 2029 at a CAGR of 4 percent during the forecast period. It is expected to be driven by improvement in port infrastructure, increasing government support and investments by shipping companies.
Cargo Transportation Insurance Market -The market size is expected to reach USD 67 billion tons by 2029 at a CAGR of 3 percent during the forecast period. It is expected to be driven by increasing awareness about cargo insurance and growth in IoT.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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