Global National Couriers Market Report 2022
The major players in the domestic courier services market are FedEx Corporation, United Parcel Service Inc., A-1 Express, SF Express Co. Ltd., UPS Limited, DHL Express, Yunda Holding Co., Ltd. and Royal Mail, Japan Post Group. .
New York, April 04, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Domestic Couriers Global Market Report 2022” – https://www.reportlinker.com/p06250376/?utm_source=GNW
The global domestic courier market is expected to grow from $48.38 billion in 2021 to $55.83 billion in 2022 at a compound annual growth rate (CAGR) of 15.4%. The market is expected to reach $95.14 billion in 2026 at a compound annual growth rate (CAGR) of 14.3%.
The domestic courier market consists of the sale of the guaranteed express delivery services of small parcels and parcels, in metropolitan areas, urban centers of a country. The market includes sales of various courier and local delivery services that find applications in various business models.
The Domestic Courier market covered in this report is segmented by Type into Ground, Express, Deferred. National express couriers refer to the fastest form of shipping.
The customer pays additional shipping costs for this delivery, as the shipment will be transported anywhere between 24 and 72 hours. It is also segmented by Application into Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C) and by End User into BFSI, Wholesale & Retail, Construction, Manufacturing. , others.
Asia-Pacific was the largest region in the national courier services market in 2021. North America was the second largest region in the national courier services market.
Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
E-commerce is expected to be one of the major drivers of the global domestic courier services market. As the buying and selling of goods and services over the internet continues to grow, courier or package volumes will increase and thus drive the demand for courier delivery services.
Electronic commerce or e-commerce or Internet commerce means the buying and selling of goods and services, or the transmission of funds or data, over an electronic network, primarily the Internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer, or consumer-to-business.
Some examples of e-commerce websites include online stores such as Amazon, Ebay, Quikr, Olx, etc. large companies by allowing them to sell their goods and services on a larger scale.
Thus, the growing e-commerce industry is expected to boost the domestic courier services market over the forecast period by improving the opportunities for courier services or package delivery in the country.
Internal delivery networks are expected to limit the growth of the courier and local delivery services market in the United States. In-house delivery refers to retailers using their own dedicated delivery staff and fleet of vehicles to deliver orders to customers.
For example, Tesco, a British multinational grocery and merchandise retailer, successfully uses in-house delivery and the other example includes pizza delivery by the Domino’s company. Thus, the increasing adoption of in-house delivery units by retailers is expected to halt the growth of the courier and local delivery services market over the forecast period.
The E-locker delivery system is a computerized electronic locker system used for the security of delivery, collection or retrieval of packages. Each locker station can include a set of individual lockers of varying sizes, each with an electronically controlled door latch.
Each locker station has one or more input/output devices electronically connected to an internal computer. This provides an ideal solution for apartments, dorms, businesses, and other applications that handle continuous package and package delivery.
For example, Packcity is an automated electronic locker system that securely stores and distributes incoming packages, notifies recipients that a package has arrived, and enables 24/7 collections. Packcity allows the storage and distribution of a large volume of incoming parcels.
Its easy-to-use interface allows recipients to track packages and notify them of the arrival of their package. As the emergence of E-locker delivery systems solves the problems of increasing parcel deliveries, it is expected to be a significant trend boosting the domestic courier market.
In March 2019, Delhivery, a Gurugram-based logistics provider for e-commerce businesses, acquired Aramex for an undisclosed amount. Through this acquisition, Delhivery will take over the pickup and delivery operations of Aramex India.
Aramex, a logistics, courier and package delivery company based in the United Arab Emirates.
Countries covered in the Domestic Courier market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom and the United States.
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