Global Courier Market is Expected to Grow at 7.1% in the Forecast Period of 2021 to 2028

Global Courier Market is forecasted to grow at 7.1% with factor such as increasing adoption of multiple services through smartphone devices and internet services.

Courier market has shown an exceptional penetration in countries such as China. Increasing focus towards the adoption of new technologies in courier supply chain network systems is boosting the growth in developed countries. In developing countries, rising adoption of digitization and e-commerce services is creating opportunity for the global courier market.

Global Courier Market Scenario

According to Data Bridge Market Research, the global courier market has increasing market growth of 7.1%. Market leader is FedEx, which accounts an estimated market share of approximately 10% to 20%, globally. The company has gained outstanding sales through their wide range of courier.

Courier Market

Trends Impacting the Market

Now the question is which other regions FedEx, Deutsche Post AG and United Parcel Service of America, Inc., are targeting? Data Bridge Market Research has forecasted a large growth in North America courier market and the market leaders are targeting U.S. and Canada to be their next pocket revenue for 2021.

The courier market is becoming more competitive every year with companies such FedEx, Deutsche Post AG and United Parcel Service of America, Inc., as they are the market leaders for courier market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the courier market.

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Courier Market Development in 2021

  • In March 2021, Royal Mail Group Limited joined hands with Echo by LloydsPharmacy in a trial to speed-up deliveries of urgent prescriptions and medication. Customers with time-sensitive requirements who are ordering prescriptions and medication at night will receive their deliveries a whole day earlier than they do now. The partnership comes under the company’s effort to help in the nation’s fight against the coronavirus pandemic.

Scope of the Courier Market

All country based analysis of global courier market is further analyzed based on maximum granularity into further segmentation. On the basis of type, the global courier market has been segmented into outbound and inbound.  On the basis of delivery mode, the global courier market has been segmented into normal delivery and express delivery. On the basis of customer type, the global courier market has been segmented into B2B (Business-To-Business), B2C (Business-To-Consumer) and Consumer-To-Consumer (C2C). On the basis of touch destination, the global courier market has been segmented into domestic and international/cross-border. 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.

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Key Pointers Covered in Courier Market Industry Trends and Forecast to 2028

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • 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
  • Delhivery Pvt Ltd
  • LaserShip Inc.

Above are the key players covered in the report, to know about more and exhaustive list of Courier companies’, contact us

Research Methodology: Global Courier Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Managers, Directors, Government, Manufacturing Companies, e-commerce giants
  • Supply Side: Service Providers, Courier Companies, Marketing Managers, Logistics Managers, C-Level Executives and Market Intelligence, among others.

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