Courier Services Market: Global Industry Analysis and Forecast (2024-2030)

Courier Services Market size was valued at USD 428.70Bn. in 2023 and the total Graphene Battery revenue is expected to grow by 5.8 % from 2024 to 2030, reaching nearly USD 636.14 Bn.
Courier Services Market Overview:
Courier service is a quick door-to-door delivery service that picks up the order and delivers it to the customer's doorstep for reasonable charges. A courier service is a corporation that assists in the transportation of goods from one location to another. The courier, express, and package (CEP) in the Courier Services Market are developing globally, especially in developing countries. It is being driven by rising Internet penetration and the attractiveness of online trading. Growing middle-class population, economy, and higher living standards. In 2019, compared to the previous year, In the previous year, the global CEP market value climbed by 7.9% to EUR 330.3 billion, whereas In terms of volume, it increased by 9.1% to 60.7 billion parcels, which drive the Courier Services Market

According to forecasts, this upward tendency will continue in the next years. Currently, the European market accounts for 22% of the global market value and 18% of exports. As in eight countries, Europe's CEP sector is extremely concentrated. Germany, the United Kingdom, France, Spain, Italy, the Netherlands, Belgium, and Poland account for 76% of the European GDP and 80% of total courier revenue in Europe. In comparison to other European countries, Poland has one of the most vibrant CEP markets. Courier operators handled 476 million items in 2018, 75% more than in 2014, while the market value climbed by 60% to PLN 6.95 billion.

The Polish courier market is growing three times faster than Poland's GDP. However, the courier industry will grow in the near future market development in Poland will be significantly quicker than in other European countries. for example, Courier services evolved as a result of the application of new technology and the rise of e-commerce, which stemmed from improved Internet access and rising client confidence in courier services online shopping.

This changed the customer base's structure, and B2C services gradually exceeded B2B services in terms of shipping volume. In the face of increasing competition in the courier market, fueled by the growth of e-commerce and rising customer expectations, improving the quality of courier services is one of the most important goals for logistics companies and an important element in gaining competitiveness and success for online retailers. Furthermore, from a client's perspective, the courier service is the most desired method of parcel delivery, influencing their impression of an e-shop. The report covered detailed analyses of market trends upcoming challenges and increasing competition between market players and retailers are covered in the report.To know about the Research Methodology :- Request Free Sample Report
Competitive Landscape
Startups are gaining popularity & becoming more focused on highly intense competition

United Parcel Service, Deutsche Post, FedEx, S.F Express, and Japan post holding are leading market players in the Courier Services Market . United Parcel Service is a key market player as of December 2023 united parcel service has a market capitalization of $xx billion. Growing competition in courier services, as well as the rapid expansion of e-commerce and m-commerce, drive further service quality improvement and the search for more creative operational and technical solutions. A courier company's performance is also influenced by organizational, social, and technical variables. The increasing digitization of logistical processes in the near future, thanks to current technologies like the Internet of Things and Big Data Analysis.

In addition, robots, automation, and self-learning systems will assist in the delivery of logistical services. Courier services' success will thus be determined by their users' adoption of innovative technology solutions.

The industry is competitive with intense competition due to a large number of national postal operators, global integrators, and various smaller, privately-owned Courier Services Market players. In order to capture this enormous potential, organizations are becoming more competitive as the demand for courier services increases quickly in developing countries. International players are strategically establishing new distribution facilities and smart warehouses as part of their efforts to create a regional logistics network.

Multinational corporations with relatively well-developed infrastructure present strong competition for local companies. As more start-ups join the market to capitalize on digital technology, there is a tendency for major firms to acquire these start-ups in order to establish a sizable foothold in the market.
Courier Services Market Dynamics:
Crowd-sourced and emerging advanced technology penetrate the market

Crowd-sourced deliveries have entered the business because of emerging technology and rising smartphone usage. This new corporate structure has enabled faster and more affordable last-mile delivery, particularly in cities. Uber is a prime example of a company that effectively provides customers with last-mile transportation services for food, transportation, and packages. This concept is being used not just in developed countries, but also globally, as local enterprises build their own express courier services using crowd-sourced methods.

As a result, courier and delivery businesses are now able to provide same-day delivery, which drives the curious service market. Courier companies and logistics startups engage locals or travelers to deliver packages in their own cars. For these businesses, this is not only cost-effective but also incredibly efficient. Furthermore, it provides more job chances for individuals requiring full-time, part-time, or freelance work. Companies like Walmart, Amazon, and DHL have already begun to explore the advantages of crowdsourcing, which create an opportunity to drive the Courier Services Market .a

Location-based solutions are one of the latest innovations and developments for the logistics and courier market. These are technologies that perform certain operations or provide services based on real-time location monitoring. Location-based solutions are frequently utilized with cell phones, but they may be used with any device, including laptops and PCs. GPS is an excellent example of a location-based solution in the courier market.

GPS trackers use satellite receivers to assist couriers in navigating routes, identifying appropriate driving behavior, and recording all journeys of a certain person or vehicle. Aside from GPS, the courier business employs QR codes to swiftly and accurately scan and log real-time delivery information. Finally, logistics and courier companies hire location-based technologies to track and manage employees in multiple locations. This speeds up, simplifies, and streamlines delivery.

GPS has proven important to the whole mobile economy since its appearance in mobile phones. NDrive was one of the earliest specialist navigation software companies, and while that is still its primary emphasis, the company has subsequently shifted its focus to the much bigger location-based solutions industry, which offers even more chances to experienced and adaptable companies like itself, which helps to drive the Courier Services Market.

Growing preference for drowning delivery to support the market growth

Technology in the courier market has advanced and is driving the industry faster. The usage of drones for quick delivery is one of the most promising technical breakthroughs for the industry also, it creates an opportunity for new Courier Services Market players. Drones have the ability to provide quick and easy deliveries to crowded urban areas that need to minimize road congestion as well as rural places that are difficult to reach by foot or car.

Many multinational courier companies and startups are already testing the possibilities and capabilities of drones in order to distinguish themselves as early adopters of this new technology. UPS, for example, has teamed with Zipline, a medical drone delivery startup, to deliver throughout Africa. The effort paves the way for additional such companies in Africa and rural areas.
Courier Services Market Segment Analysis:
Based on Service Type, the Courier Services Market is segmented into B2B, B2C, and C2C. The B2B segment is expected to dominate the Courier Services Market during the forecast period. Business-to-business transactions are common in a normal supply chain, as companies acquire components and goods such as other raw materials for use in manufacturing operations. Finished goods can subsequently be sold to individuals through business-to-consumer interactions.

Since the introduction of digitalization and eCommerce, the B2B eCommerce in the Courier Services Market as grown at an increasing rate. India is expected to become the next major market for B2B eCommerce thanks to foreign direct investments from major players. According to current trends, the market size of B2B eCommerce is double that of B2C, and it is only likely to grow faster in the next years.

Another significant part of the B2B eCommerce in the Courier Services Market is the business-to-business courier services that feed these companies' supply chains. B2B enterprises must have a solid logistics network in place in addition to a strong eCommerce fulfillment foundation. Its purpose is to guarantee that the final leg of the fulfillment chain is completed and that customers receive their orders on time, which drives the demand for B2B in the Courier Services Market.

Additionally, the growth of online apps and cloud services has increased the need for B2B e-commerce companies. To build a sustainable future for their respective businesses, manufacturers, wholesalers, and distributors have been continuously experiencing digital transformation throughout time. The Nationwide Mutual Insurance Company, a British mutual financial institution, has expanded its cooperation with AWS by choosing it as its cloud provider for corporate-wide digital transformation, according to an announcement made by Amazon.com, Inc. in December 2020.

Based on the Destination, the Courier Services Market is segmented into Domestic, and International services. Domestic courier service is expected to dominate the Courier Services Market uring the forecast period. The domestic couriers market consists of sales of small package and parcel delivery services in urban and metropolitan areas within a country. The sector comprises the income from companies that handle package sorting and transportation.

The domestic courier sector also includes companies that employ local messengers, who often deliver packages inside a single urban or metropolitan region and commute mostly on foot, by bicycle, small truck, or van. The market covers the sales of a variety of courier and local delivery services that are used in a variety of business types, including manufacturing, professional services, wholesale and retail trade, banking, financial services, insurance (BFSI), and wholesale and retail trade. One of the key growth factors for the global domestic courier service industry is expected to be the e-commerce trade. The amount of courier or parcel deliveries will rise as online purchasing and selling of products and services keeps growing, which will fuel demand for courier delivery services.

The purchasing and selling of products and services, or the transmission of money or data, through an electronic network, typically the internet, is referred to as "e-commerce," "electronic commerce," or "internet commerce." These commercial dealings can be either B2B (business-to-business), B2C (business-to-consumer), C2C (consumer-to-consumer), or C2B. Online retailers like Amazon, eBay, Quikr, Olx, and more are just a few examples of e-commerce websites. By enabling independent contractors, small enterprises, and big organizations to offer their products and services on a larger scale, the development of eCommerce has made things simpler to locate and buy through online stores and marketplaces.

Therefore, it is expected that the growing e-commerce market would propel the domestic courier market throughout the forecast period by growing the opportunities for courier or parcel delivery services domestically.
Courier Services Market Regional Insights:
The Asia Pacific region dominated the market with a 45 % share in 2023. 50% of the market is made up of North America and Europe combined. thanks to rapid population growth, growing disposable incomes and standard of lifestyle, and development in global commerce, the demand for the courier services market in the Asia-Pacific is expected to see rapid growth during the forecast period.

The governments of the countries are putting more effort into growing their manufacturing industries, and multinational corporations are establishing production facilities in the region, which is boosting e-commerce internationally and is expected to continue during the forecast period. Additionally, the region's retail industry is growing rapidly. The global Courier Services Market is likely to be driven by the manufacturing sector's revival and expected economic progress.

Electronic gadget adoption is increasing in Asian countries including China, Taiwan, South Korea, and Thailand. The courier, express, and package industries will profit from this, as well as from the growth of a variety of online payment options, the changing lifestyles driven by urbanization, and the surge in electronic products, autos, and food and beverage shipments.

One of the major growing hotspots that draw investments from all over the world is the Southeast Asian area. In the next years, e-commerce in the region is also expected to increase. The growth of contract manufacturing for FMCGs in emerging markets might have a considerable impact on the courier, express, and package services.
Courier Services Market Scope: Inquiry Before Buying



Courier Services Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US$ 428.70 Bn.


Forecast Period 2024 to 2030 CAGR:
5.8%
Market Size in 2030:
US$ 636.14 Bn.


 Segments Covered:
by Service Type
B2B
B2C
C2C


by Destination
Domestic
International


by End-Use
Service
Wholesale & Retail Trade
Healthcare
Industrial & Manufacturing
Other



Courier Services Market, by Region
 North America (United States, Canada and Mexico)
 Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
 Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
 Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
 South America (Brazil, Argentina Rest of South America)
Courier Services Market, Key Players are
1. S.F. Express
2. Japan Post Holdings
3. ZTO Express
4. Poste Italiane
5. TFI International
6. Delhivery
7. International Distributions Services (Royal Mail)
8. Blue Dart Express
9. Österreichische Post
10. Bpost
11. Pitney Bowes
12. Gati
13. FedEx Corporation,
14. SF Express (Group) Co. Ltd.,
15. Deutsche Post DHL Group,
16. United Parcel Service Inc.,
17. Yamato Holdings Co. Ltd,
18. Qantas Courier Limited,
19. DB Schenker,
20. SG Holdings Co. Ltd,
21. PostNL NV,
22. Singapore Post Ltd.,
23. Nippon Express,
24. DSV AS.

Frequently Asked Questions:

1] What segments are covered in the Global Courier Services Market report?
Ans. The segments covered in the Courier Services Market report are based on Product, Age group, End-use, and Region.

2] Which region is expected to hold the highest share in the Global Courier Services Market?
Ans. The Asia Pasific region is expected to hold the highest share in the Courier Services Market.

3] What is the market size of the Global Courier Services Market by 2030?
Ans. The market size of the Courier Services Market by 2030 is expected to reach US$ 636.14 Bn.

4] What is the forecast period for the Global Courier Services Market?
Ans. The forecast period for the Courier Services Market is 2024-2030.

5] What was the market size of the Global Courier Services Market in 2023?
Ans. The market size of the Courier Services Market in 2023 was valued at US$ 428.70 Bn.