Courier, Express, and Parcel Market by Consumer and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR41204
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The courier, express, and parcel market share is expected to increase by USD 141.05 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 7%.

This courier, express, and parcel market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers courier, express, and parcel market segmentation by geography (APAC, North America, Europe, MEA, and South America) and consumer (B2B, B2C, and C2C). The courier, express, and parcel market report also offers information on several market vendors, including 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., S.F. Holding Co. Ltd., and United Parcel Service Inc. among others.

What will the Courier, Express, And Parcel Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Courier, Express, and Parcel Market Size for the Forecast Period and Other Important Statistics

 

Courier, Express, And Parcel Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing e-commerce market is notably driving the courier, express, and parcel market growth, although factors such as lack of supply chain visibility affecting vendor-customer relationships may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the courier, express, and parcel industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Courier, Express, And Parcel Market Driver

One of the key factors driving growth in the courier, express, and parcel market is the rise in FTAs to drive investments in courier, express, and parcel markets in emerging economies. The courier, express, and parcel segment is one of the fast-growing segments of the logistics and transportation industry. However, it is highly influenced by changes in demographics and consumer behavior. The global courier, express, and parcel markets are mainly driven by the rise in international trade, which is spurred by the liberalization of trade conditions through FTA. The formation of the EU (European Union), NAFTA, SAFTA, EAEU, and ASEAN are also driving cross-border trade. In November 2020, India announced that it would revive talks on the possible free trade agreement (FTA) with the European Union and the US. The development of such new trade corridors and government initiatives are allowing the logistics and transportation industry across the world to reap attractive profits. In addition, vendors are engaged in merger and acquisition activities to strengthen their position in the market and to capitalize on the growing trade corridors.

Key Courier, Express, And Parcel Market Trend

 

The growing integration of last-mile delivery models with the courier, express, and parcel companies is another factor supporting the courier, express, and parcel market share growth. The instant delivery market is rapidly gaining prominence, which has resulted in high capital investments in start-ups and venture firms. E-commerce players are coming up with new delivery models to provide a wide range of delivery services to their customers such as hub-and-spoke and last-mile delivery (LMD) models. To cater to the growing demand for the courier, express, and parcel services, logistics vendors are integrating LMD models with their offerings to provide regular delivery, same-day delivery, instant delivery, and other value-added services. Owing to these factors, several local and international e-commerce players such as Amazon, Myntra, e-bay, and Flipkart are providing faster delivery services to differentiate themselves in terms of services. This increase in competition among e-commerce service providers is driving the number of alliances with vendors in the market and is expected to drive market growth.

Key Courier, Express, And Parcel Market Challenge

The increasing threat from sharing-based business models will be a major challenge for the courier, express, and parcel market during the forecast period. The courier, express, and parcel industry is a lucrative market; therefore, it witnesses intense competition between domestic and global players. They are competing based on technologies and offering attractive freight rates using ways such as bidding on loads. The logistics and transportation industry still have enormous potential to adopt new-age technologies such as robotics, temperature-monitoring devices, and ICT but has been too slow to adopt them. Global companies are expanding their verticals and entering the transportation industry with huge investments in technology and trained labor. This expansion is driving the digital transformation in the courier, express, and parcel industry, thus resulting in cost reduction, improving operational efficiency, and ensuring service quality assurance. This is expected to pose a threat to market growth in the coming years.

This courier, express, and parcel market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global courier, express, and parcel market as a part of the global air freight and logistics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the courier, express, and parcel market during the forecast period.

Who are the Major Courier, Express, And Parcel Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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.
  • S.F. Holding Co. Ltd.
  • United Parcel Service Inc.

 

This statistical study of the courier, express, and parcel market encompasses successful business strategies deployed by the key vendors. The courier, express, and parcel market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • A1 Express Delivery Service Inc. - The company offers a variety of services such as LTL trucking, general freight, warehousing, trans-loading, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The courier, express, and parcel market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Courier, Express, And Parcel Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the courier, express, and parcel market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the air freight and logistics market includes the following core components:

  • Shippers
  • Freight forwarder
  • Airfreight carrier
  • Handling agents
  • Consignee
  • Industry innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Courier, Express, And Parcel Market?

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42% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for courier, express, and parcel in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growth of the e-commerce industry and the presence of a large number of service providers will facilitate the courier, express, and parcel market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The courier, express, and parcel market in APAC witnessed certain challenges due to the COVID-19 pandemic in 2020. India, China, Indonesia, and Bangladesh are some of the most affected countries by the pandemic in APAC. Vendors in the market also faced certain challenges due to COVID-19. Several countries in the region imposed lockdowns to contain the spread of COVID-19, which affected the movement of courier services, and many packages were stuck in various delivery locations. This factor affected the revenue stream of vendors. However, the number of people preferring to shop online for groceries, vegetables, and other essential items increased, which increased the demand for the courier, express, and parcel services. This factor will drive the growth of the market during the forecast period

What are the Revenue-generating Geography Segments in the Courier, Express, And Parcel Market?

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The courier, express, and parcel market share growth by the B2B segment will be significant during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the courier, express, and parcel market size and actionable market insights on post COVID-19 impact on each segment.

 

Courier, Express, And Parcel Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7%

Market growth 2021-2025

USD 141.05 billion

Market structure

Fragmented

YoY growth (%)

6.88

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 42%

Key consumer countries

US, China, India, Germany, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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., S.F. Holding Co. Ltd., and United Parcel Service Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Courier, Express, And Parcel Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive courier, express, and parcel market growth during the next five years
  • Precise estimation of the courier, express, and parcel market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the courier, express, and parcel industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of courier, express, and parcel market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020-2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Consumer

    • Market segments
    • Comparison by Consumer
    • B2B - Market size and forecast 2020-2025
    • B2C - Market size and forecast 2020-2025
    • C2C - Market size and forecast 2020-2025
    • Impact of COVID-19 on consumer segment
    • Market opportunity by Consumer

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • 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.
    • United Parcel Service Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    The courier, express, and parcel market growth will increase by $58.32 billion during 2019-2024.
    The courier, express, and parcel market is expected to grow at a CAGR of 3.39% during 2019-2024.
    Technavio has segmented the courier, express, and parcel market by consumer (B2B, B2C, and C2C) and geographic (APAC, North America, Europe, MEA, and South America).
    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., United Parcel Service Inc. are a few of the key vendors in the courier, express, and parcel market.
    APAC will register the highest growth rate of 43.88% among the other regions. Therefore, the courier, express, and parcel market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the courier, express, and parcel market growth are:
    • Rise in FTAs to drive investments in courier, express, and parcel markets in emerging economies
    The courier, express, and parcel market vendors should focus on grabbing business opportunities from the b2b segment as it accounted for the largest market share in the base year.
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