The
courier, express, and parcel market and it is
poised to grow by USD 100.19 billion during 2020-2024, progressing at a CAGR of
about 6% during the forecast period. The report offers an up-to-date analysis
regarding the current market scenario, latest trends and drivers, and the
overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and
pessimistic) considering the impact of COVID-19. Please Request Free Sample
Report on COVID-19 Impact
Frequently Asked Questions-
·
What was the value of the courier, express, and
parcel market in 2019?
·
Technavio says that the value of the market was USD 321.88 billion in
2019 and is projected to reach USD 422.07 billion by 2024.
·
At what rate is the market projected to grow during
the forecast period 2020-2024?
·
Growing at a CAGR of about 6%, the market growth will accelerate in the
forecast period.
·
What is the key factor driving the market?
·
The availability of multiple online payment methods is one of the key
factors driving the market growth.
·
Who are the top players in the market?
·
A1 Express Delivery Service Inc., Allied Express Transport Pty Ltd.,
Aramex International LLC, BDP International Inc., CEVA Logistics AG, Deutsche
Post DHL Group, FedEx Corp., One World Express Inc. Ltd., and SF Holding Co.
Ltd. are some of the major market participants.
·
Which region is expected to hold the highest market
share?
·
APAC
·
What is a major trend in the market?
·
Cross-border trade in developing countries is a major trend driving the
market growth.
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. A1 Express Delivery Service Inc., Allied
Express Transport Pty Ltd., Aramex International LLC, BDP International Inc.,
CEVA Logistics AG, Deutsche Post DHL Group, FedEx Corp., One World Express Inc.
Ltd., and SF Holding Co. Ltd., are some of the major market participants. To
make the most of the opportunities, market vendors should focus more on the
growth prospects in the fast-growing segments, while maintaining their
positions in the slow-growing segments.
The availability of multiple online payment methods has been
instrumental in driving the growth of the market.
Courier, Express, and Parcel Market 2020-2024: Segmentation
Courier, Express, and Parcel Market is segmented as below:
·
Consumer
o
B2B
o
B2C
o
C2C
·
Geographic Landscape
o
APAC
o
Europe
o
MEA
o
North America
o
South America
Courier, Express, and Parcel Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study,
synthesis, and summation of data from multiple sources. Our courier, express, and parcel
market report covers the following areas:
·
Courier, Express, and Parcel Market size
·
Courier, Express, and Parcel Market trends
·
Courier, Express, and Parcel Market analysis
This study identifies growing cross-border trade in developing countries
as one of the prime reasons driving the courier, express, and parcel market
growth during the next few years.
Courier, Express, and Parcel Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the courier,
express, and parcel market, including some of the vendors such as A1 Express
Delivery Service Inc., Allied Express Transport Pty Ltd., Aramex International
LLC, BDP International Inc., CEVA Logistics AG, Deutsche Post DHL Group, FedEx
Corp., One World Express Inc. Ltd., SF Holding Co. Ltd. Backed with competitive
intelligence and benchmarking, our research reports on the courier, express,
and parcel market are designed to provide entry support, customer profile and
M&As as well as go-to-market strategy support.
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