Couriers And Messengers Global Market To Grow At Rate Of 11% Through 2025
Couriers And Messengers Global Market Report 2021 - COVID-19 Impact And Recovery
The Business Research Company’s Couriers And Messengers Global Market Report 2021 - COVID-19 Impact And Recovery
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According to the new market research report ‘Couriers And Messengers Global Market Report 2021: COVID-19 Impact And Recovery’ published by The Business Research Company, the couriers and messengers market is expected to grow from $563.43 billion in 2020 to $598.52 billion in 2021 at a compound annual growth rate (CAGR) of 6.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $918.68 billion in 2025 at a CAGR of 11%.
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The couriers and messengers market consist of sales of courier and messenger services and related goods by entities (organizations, sole traders and partnerships) that provide tracked, guaranteed, and express delivery services of parcels within intercity, local, and/or international geographies without operating under a universal service obligation. The industry includes the establishments that provide sorting and transportation activities of parcels. The industry also includes establishments that provide local messengers which usually deliver the parcels within a metropolitan or single urban area and mostly use bicycles, on-foot, small trucks, or vans.
Trends In The Global Couriers And Messengers Market
Courier and express delivery service providers are increasingly using automated parcel terminals. Automated parcel terminals are computer-controlled units which allow customers to collect, hand in and return parcels around the clock. These terminals are deployed at locations with maximum footfall such as walkways, convention centres, grocery outlets, shopping malls, convenient stores, gas stations and railway stations. These terminals improve the quality of delivery services network and reduce last mile delivery management costs for the company. Automated parcel terminals are being extensively used in Europe and the global market for automated parcel delivery terminals is expected to reach $ 1.06 billion by 2025, thus indicating a significant potential for these automated systems.
Global Couriers And Messengers Market Segments:
The global courier and messenger market is further segmented:
By Type: Domestic Couriers, International Couriers
By End-User: B2B, B2C, Others
By Coverage: Local Messengers And Local Delivery, Couriers And Express Delivery Services
By Geography: The global couriers and messengers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific couriers and messengers market accounts for the largest share in the global couriers and messengers market.
Read More On The Report For The Global Couriers And Messengers Market At:
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Couriers And Messengers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides couriers and messengers market overviews, analyzes and forecasts market size and growth for the global couriers and messengers market, couriers and messengers market share, couriers and messengers market players, couriers and messengers market segments and geographies, couriers and messengers market’s leading competitors’ revenues, profiles and market shares. The couriers and messengers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Couriers And Messengers Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Couriers And Messengers Market Organizations Covered: United Parcel Service, FedEx Corporation, United States Postal Service, Deutsche Post DHL Group, SF Holdings.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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