Global Courier and Local Delivery Services
Market Report
2024
the global courier and local delivery services market size was USD 594.8 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 4.90% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global courier and local delivery services market size was USD 594.8 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 4.90% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Courier and Local Delivery Services Market Sales Revenue 2022 | $ 594.8 Billion |
Global Courier and Local Delivery Services Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.9% |
Market Split by Type |
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Market Split by Application |
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Market Split by Service Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Courier and Local Delivery Services Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The expansion of the e-commerce sector and the rising need for quick package delivery have fueled the rise of the world market for courier services. The key driver fueling the growth of the courier services market in the B2C segment is the rise in consumer preference for making purchases utilizing e-commerce platforms.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the courier and local delivery services industry.
For instance, leading online e-commerce sites like Amazon, Inc., Flipkart, and others provide customers with a one-day courier delivery option to increase user traffic and speed up purchasing. Additionally, a large rise in B2C courier deliveries has been brought on by the increasing replacement of brick-and-mortar retail sales with online sales made possible by e-commerce platforms, which drives market expansion. Increased shipments and consumer demand for speedier delivery services also fuel the expansion of B2C courier services.
(Source:wareiq.com/resources/blogs/same-day-delivery-service/)
Deliveries made via crowdsourcing have become a thing thanks to new technologies and increased smartphone use. This new corporate structure has made last-mile deliveries faster and more economical, particularly in cities. Uber is an excellent illustration of a business that successfully offers clients last-mile transportation services for meals, travel, and goods. This idea is being applied globally, not just in rich nations, as small businesses create express courier services using crowdsourcing techniques. The market for inquisitive services is driven by the fact that courier and delivery companies may now offer same-day delivery.
To give consumers a better experience, express courier service operator Ninja Van invested in apps and technologies in November 2019.
The constraints of poor infrastructure and high costs in the courier and local delivery services market. One of the most important factors in determining the environment for courier services in a nation is the availability and quality of infrastructure. Courier services have poor infrastructure in terms of capacity and capability. These include severe transportation bottlenecks, shoddy storage infrastructure, complicated taxation, low rates of technology adoption, and inadequate delivery professional abilities. One of the main problems influencing the market for courier services is a lack of adequate road transportation infrastructure. In addition, city traffic congestion is a significant problem for courier services in the market because of the population concentration in urban regions.
Revenue in the global courier and delivery services industry is anticipated to increase despite the COVID-19 pandemic. The key markets for the industry's products are expected to have a range of demand because of the coronavirus's detrimental economic effects. The number of average daily delivery stops, higher average daily distance, longer average daily union hours, and reduced delivery density, are all factors that global operators notice that is lowering their overall operating profit.
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A vibrant and diverse competitive environment exists in the courier and local delivery services market. It comprises various service providers, ranging from large multinational enterprises to smaller specialized businesses. Due to technological advancement and globalization, there is intense competition among firms to offer cutting-edge solutions, qualified translation, and interpreting.
May 2022: To create Movin, a new logistics brand for the Indian market, United Parcel Service (UPS), an Atlanta-based logistics juggernaut and travel and hospitality conglomerate InterGlobe Enterprises, launched a joint venture in the city.
September 2022: DHL Supply Chain, a supplier of contract logistics services, is investing INR 4,000 million (USD 529 million) in India over the next five years. Their workforce, sustainability initiatives, and storage capacity will all be increased. By 2026, it will contribute to a growth in total production capacity to about 22 million square feet and boost storage space throughout its current portfolio.
Top Companies Market Share in Courier and Local Delivery Services Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2022 and accounted for a share of more than 33.2% of the global revenue due to several variables. The advent of e-commerce and the rising need for prompt and dependable delivery services are to blame. The market is also being stimulated by the rise in popularity of subscription-based delivery services and the rising demand for same-day delivery services.
According to Cognitive Market Research, the expansion of numerous sectors' operations at larger scales throughout important geographies is principally responsible for the growth of the US market. About one-third of merchants in the US have enough online volume sales to make investments worthwhile. Only retailers with high online sales volumes can afford internal delivery networks. Established retailers are establishing their own delivery networks to have total control over the delivery process. Additionally, it is virtually difficult for contracted delivery services to satisfy shops' specific needs for each product category. Although internet merchants' total sales volume is high, individual product category sales volumes are low. Therefore, it is anticipated that internal delivery networks will prevent outsourced delivery service providers, such as courier and local delivery service providers, from taking advantage of expansion prospects in the US retail sector.
Due to the rising popularity of e-commerce and internet purchasing. The number of courier and delivery services in the area has increased. Expanding small and medium-sized firms in the area also contributes to the market's growth. To meet their needs for on-time delivery of goods and services, these firms rely increasingly on courier and delivery services. The market is also being fueled by the region's rising mobile user base. Businesses may now provide their clients with delivery options that are more convenient and effective, thanks to this. The business is also fueled by the region's expanding selection of online payment methods.
The current report Scope analyzes Courier and Local Delivery Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Courier and Local Delivery Services Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Courier and Local Delivery Services Industry growth. Courier and Local Delivery Services market has been segmented with the help of its Type, Application Service Type, and others. Courier and Local Delivery Services market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the messenger is the item that is utilized the most frequently in the market for courier and local delivery services. Delivery of tiny objects like letters, documents, and packages is the main goal of messenger services, a specialized courier service. In order to convey critical documents or materials, customers and businesses can use messenger services to send them more quickly and affordably than they could with standard postal delivery.
Courier is the second-most used product. While messenger rules the market, courier and local delivery services are still necessary for some courier and local delivery Services. Delivery of large packages between locations is the primary emphasis of courier services, which are specialized. Most courier services have a sizable geographic coverage, and they can promptly transport items of any size, weight, and distance for a fair price.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Courier and Local Delivery Services Industry. Request a Free Sample PDF!
The business-to-business (B2B) applications are the courier and local delivery services market's most popular offering. One of the main factors propelling the growth of the B2B courier services industry is the introduction of online B2B e-commerce platforms. Additionally, increased commerce in goods and products across various organizations is projected to fuel the market's expansion in the B2B sector. The need for B2B courier services is also driven by increased business customers' demand for same-day delivery services. Further predicted to drive the segmental growth is the growing need for faster courier delivery services by small enterprises.
According to Cognitive Market Research, courier and local delivery services for business-to-consumer (B2C) applications are the second-most popular product. The market for courier services in the B2C segment is expanding primarily due to the rise in consumer preference for making purchases utilizing e-commerce platforms. Leading online e-commerce sites like Amazon, Inc., Flipkart, and others, for instance, give consumers the option of one-day courier delivery to attract more customers and speed up purchasing.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Courier and Local Delivery Services Market is witnessing significant growth in the near future.
In 2023, the Messenger segment accounted for noticeable share of global Courier and Local Delivery Services Market and is projected to experience significant growth in the near future.
The Business-to-consumer (B2C) segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies FedEx Corporation , Deutsche Post DHL Group and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the courier and local delivery services industry.
Disclaimer:
Type | Messenger, Courier, Parcel |
Application | Business-to-consumer (B2C), Business-to-business (B2B), Consumer-to-consumer (C2C) |
Service Type | Ground, Express, Deferred |
List of Competitors | FedEx Corporation, United Parcel Service, Deutsche Post DHL Group, A-1 Express, USA Couriers, BDP International, Aramex International, Blue Dart Express, China Post, Japan Post Group, Royal Mail |
This chapter will help you gain GLOBAL Market Analysis of Courier and Local Delivery Services. Further deep in this chapter, you will be able to review Global Courier and Local Delivery Services Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Service Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Courier and Local Delivery Services market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Messenger have a significant impact on Courier and Local Delivery Services market? |
What are the key factors affecting the Messenger and Courier of Courier and Local Delivery Services Market? |
What is the CAGR/Growth Rate of Business-to-consumer (B2C) during the forecast period? |
By type, which segment accounted for largest share of the global Courier and Local Delivery Services Market? |
Which region is expected to dominate the global Courier and Local Delivery Services Market within the forecast period? |
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