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The global courier, express and parcel market was valued at US$ 394 Billion in 2021.
We expect the global courier, express and parcel market to exhibit a CAGR of 4.61% during 2022-2027.
The growing integration of various digital technologies with the crowdsourced delivery models to
enhance operational efficiency and cater to the requirements of the customers effectively is primarily
driving the global courier, express and parcel market.
The sudden outbreak of the COVID-19 pandemic has led to the rising demand for courier, express and
parcel services, with the shifting consumer inclination from conventional brick-and-mortar distribution
channels towards online retail platforms for the purchase of various goods and products.
Based on the service type, the global courier, express and parcel market has been segmented into B2B
(Business-to-Business), B2C (Business-to-Consumer), and C2C (Customer-to-Customer). Among these,
B2B (Business-to-Business) holds the majority of the total market share.
Based on the destination, the global courier, express and parcel market can be divided into domestic
and international. Currently, domestic exhibits a clear dominance in the market.
Based on the type, the global courier, express and parcel market has been categorized into air, ship,
subway, and road. Among these, road accounts for the majority of the global market share.
Based on the end-use sector, the global courier, express and parcel market can be segregated into
services (BFSI- Banking, Financial Services and Insurance), wholesale and retail trade (e-commerce),
manufacturing, construction and utilities, and others. Currently, the services (BFSI- Banking, Financial
Services and Insurance) sector holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global courier, express and parcel market include Aramex PJSC,
Deutsche Post AG, Fedex Corporation, La Poste SA, Pos Malaysia Berhad, Poste Italiane SpA., PostNL NV,
Qantas Courier Limited, Royal Mail Group Plc, SF Express Co. Ltd., SG Holdings Co. Ltd., Singapore Post
Ltd., United Parcel Service Inc., Yamato Transport Co., etc.
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