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Courier, Express, and Parcel Market Size, Growth, Industry Report [2031]
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Courier, Express, and Parcel Market Size, Growth, Industry Report [2031]

Segments - Courier, Express, and Parcel Market by Types (Road, Air, Subway, and Ship), Service Types (Business-to-Consumer, Customer-to-Customer, and Business-to-Business), Destinations (International and Domestic), End-users (Manufacturing, Construction, & Utilities; Services; Primary Industries; Wholesale & Retail Trade; and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Akash Vedpathak
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :AL-4047 | 4.9 Rating | 74 Reviews | 221 Pages | Format : PDF Excel PPT

Report Description


Courier, Express, and Parcel Market Outlook

The global courier, express, and parcel market size was valued at around USD 433.39 Billion in 2022, is expected to reach around USD 751.07 Billion by 2031 and expanding at a CAGR of 6.3% during the forecast period, 2023–2031.

Courier, express, and parcel (CEP) refer to a group of services that entail the transportation of various products and commodities between destinations through different modes including air, land, or waterways. CEP packages are non-palletized and often weigh around a pound collectively.

These services often operate on a business-to-customer, business-to-business, and customer-to-customer paradigm and are paired with other value-added services to improve the users' delivery experience. Express deliveries, as opposed to courier and parcel services, are frequently time-bound, with various high-value consignments transported in limited days or at a pre-agreed date and time.

Courier, Express, and Parcel Market Outlook

  • Rising e-commerce industry and customers’ inclination for purchasing online through various e-commerce platforms, which is accompanied by increased volume of cross-border trade. This is one of the primary drivers boosting the market expansion.
  • Increasing urbanization and growing consumers’ expenditure capacity are expected to propel the market forward during the projected timeline.
  • Advancement in technical systems in delivery services as well as the rigorous establishment of last-mile shipments with new technologies in delivery vehicles are some factors expected to fuel the market expansion.
  • High operational costs, shortage of infrastructure, and strict government limitations on non-essential commodities deliveries during the COVID-19 pandemic are major challenges that can hamper the market expansion.
  • Increasing demand for products in various applications across hospitals for pharmaceuticals, health care equipment, and heavy machinery has created numerous opportunities for market expansion.

Scope of Courier, Express, And Parcel Market Report

The report on the global courier, express, and parcel market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Courier, Express, and Parcel Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016-2021

Forecast Period

2023–2031

Segmentation

Types (Road, Air, Subway, and Ship), Service Types (Business-to-Consumer, Customer-to-Customer, and Business-to-Business), Destinations (International and Domestic), End-users (Manufacturing, Construction, & Utilities; Services; Primary Industries; Wholesale & Retail Trade; and Others)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

DPD; Deutsche Post DHL Group; Poste Italiane SpA; Parcelforce; SF Express (Group) Co. Ltd; Yamato Holdings Co. Ltd; FedEx Corporation; Qantas Courier Limited; United Parcel Service Inc.; and SG Holdings Co. Ltd.

Courier, Express, and Parcel Market Segment Insights

Types Segment Analysis

Based on types, the courier, express, and parcel market is fragmented into road, air, subway, and ship. The air segment is projected to hold significant market share. For customers who demand speedier delivery, airlines provide quick and dependable transportation solutions.

Airways have become a fairly prevalent form of delivery for courier, express, and package sellers in the market due to the increased usage of tracking systems and logistical solutions. Increase in technical developments in drone delivery services is one of the reasons expected to fuel the segment expansion.

Courier, Express, and Parcel Market Types

Service Types Segment Analysis

On the basis of service types, the market is segmented into business-to-consumer, customer-to-customer, and business-to-business. The business-to-Consumer segment is anticipated to account for a substantial share of the market owing to an increase in cross-border internet buying and e-commerce sales.

The expansion of cross-border commercial routes, particularly in developing countries, has increased the acceptance of international trade and B2C shipping. Furthermore, the growing customer inclination for purchasing online through various e-commerce websites is fueling segment expansion.

Destinations Segment Analysis

In terms of destinations, the courier, express, and parcel market is bifurcated into international and domestic. The domestic segment is projected to expand at a robust pace during the forecast period. The domestic couriers segment comprises sales of small package and parcel delivery services within a country's metropolitan areas and urban centers.

Expansion in the segment was driven by increased demand from the healthcare and medical industries, an increase in consumer expenditure, an increase in e-commerce, and growth in emerging economies. The international segment, however, is anticipated to register a rapid pace during the projected timeline due to the rise in e-commerce and online shopping sales services across borders.

Courier, Express, and Parcel Market Destinations

End-Users Segment Analysis

Based on end-users, the market is segregated into manufacturing, construction & utilities, services, primary industries, wholesale & retail trade, and others. The wholesale & retail trade segment is expected to register a substantial CAGR during the forecast period owing to the growing customer demand for purchasing online through various e-commerce websites. To distribute their products across international and domestic borders, e-commerce stores collaborate with courier service providers.

Technological improvements such as the use of digital technology with crowd-sourced distribution models are also contributing to the segment's favorable outlook. The wholesale and retail segments have dominated as a result of rapid urbanization and rising disposable income among customers. The COVID-19 pandemic has expanded the number of wholesale and retail merchants selling their products through e-commerce services, which has also helped the expansion of the segment.

Regional Analysis

In terms of regions, the courier, express, and parcel market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market due to the growing market penetration of mobile devices and rapid growth of the e-commerce services in the region.

The expanding e-commerce business in major countries such as India, Japan, China, South Korea, and Taiwan are largely contributing to the regional market expansion. Moreover, the growing collaboration between e-commerce merchants and courier, express, and package service vendors present another key aspect for the market expansion of the region.

Courier, Express, and Parcel Market Region

Segments

Types

  • Road
  • Air
  • Subway
  • Ship

Service Types

  • Business-to-Consumer
  • Customer-to-Customer
  • Business-to-Business

Destinations

  • International
  • Domestic

End-users

  • Manufacturing, Construction, & Utilities
  • Services
  • Primary Industries
  • Wholesale & Retail Trade
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • DPD
  • Deutsche Post DHL Group
  • Poste Italiane SpA
  • Parcelforce
  • SF Express (Group) Co. Ltd
  • Yamato Holdings Co. Ltd
  • FedEx Corporation
  • Qantas Courier Limited
  • United Parcel Service Inc.
  • SG Holdings Co. Ltd.

Competitive Landscape

Key players in the global courier, express, and parcel market are DPD; Deutsche Post DHL Group; Poste Italiane SpA; Parcelforce; SF Express (Group) Co. Ltd; Yamato Holdings Co. Ltd; FedEx Corporation; Qantas Courier Limited; United Parcel Service Inc.; and SG Holdings Co. Ltd. These players have actively engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Courier, Express, and Parcel Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Courier, Express, and Parcel Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Courier, Express, and Parcel Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Courier, Express, and Parcel Market - Supply Chain
  4.5. Global Courier, Express, and Parcel Market Forecast
     4.5.1. Courier, Express, and Parcel Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Courier, Express, and Parcel Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Courier, Express, and Parcel Market Absolute $ Opportunity
5. Global Courier, Express, and Parcel Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Courier, Express, and Parcel Market Size and Volume Forecast by Types
     5.3.1. Road
     5.3.2. Air
     5.3.3. Subway
     5.3.4. Ship
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Courier, Express, and Parcel Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Courier, Express, and Parcel Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Courier, Express, and Parcel Demand Share Forecast, 2019-2026
7. North America Courier, Express, and Parcel Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Courier, Express, and Parcel Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Courier, Express, and Parcel Market Size and Volume Forecast by Types
     7.4.1. Road
     7.4.2. Air
     7.4.3. Subway
     7.4.4. Ship
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Courier, Express, and Parcel Demand Share Forecast, 2019-2026
8. Latin America Courier, Express, and Parcel Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Courier, Express, and Parcel Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Courier, Express, and Parcel Market Size and Volume Forecast by Types
     8.4.1. Road
     8.4.2. Air
     8.4.3. Subway
     8.4.4. Ship
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Courier, Express, and Parcel Demand Share Forecast, 2019-2026
9. Europe Courier, Express, and Parcel Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Courier, Express, and Parcel Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Courier, Express, and Parcel Market Size and Volume Forecast by Types
     9.4.1. Road
     9.4.2. Air
     9.4.3. Subway
     9.4.4. Ship
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Courier, Express, and Parcel Demand Share Forecast, 2019-2026
10. Asia Pacific Courier, Express, and Parcel Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Courier, Express, and Parcel Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Courier, Express, and Parcel Market Size and Volume Forecast by Types
     10.4.1. Road
     10.4.2. Air
     10.4.3. Subway
     10.4.4. Ship
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Courier, Express, and Parcel Demand Share Forecast, 2019-2026
11. Middle East & Africa Courier, Express, and Parcel Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Courier, Express, and Parcel Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Courier, Express, and Parcel Market Size and Volume Forecast by Types
     11.4.1. Road
     11.4.2. Air
     11.4.3. Subway
     11.4.4. Ship
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Courier, Express, and Parcel Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Courier, Express, and Parcel Market: Market Share Analysis
  12.2. Courier, Express, and Parcel Distributors and Customers
  12.3. Courier, Express, and Parcel Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. DPD
     12.4.2. Deutsche Post DHL Group
     12.4.3. Poste Italiane SpA
     12.4.4. Parcelforce
     12.4.5. SF Express (Group) Co. Ltd
     12.4.6. Yamato Holdings Co. Ltd
     12.4.7. FedEx Corporation
     12.4.8. Qantas

Methodology

Our Clients

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FedEx Logistics
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