https://www.technavio.com/report/courier-express-and-parcel-market-size-industry-analysis#utm_source=off_page&utm_medium=off_page&utm_campaign=2020-ch-w39

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
• B2B
• B2C
• C2C
• Geographic Landscape
• APAC
• Europe
• MEA
• North America
• 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.