About Domestic Courier, Express, and Parcel
The growth of the global courier, express, and parcel (CEP) market is largely driven by the growing international trade that is spurred by the liberalization of trade conditions through various free trade agreements. The increasing spending in the logistics and transportation industry across the world is expected to elevate the growth of Domestic Courier, Express, and Parcel. The governments of several countries are establishing special economic zones, free trade zones and export processing zones which will boost the growth of the transportation industry
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 6.2% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Domestic Courier, Express, and Parcel market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
A-1 Express (United States), Allied Express (Australia), Aramex (United Arab Emirates), Deutsche Post DHL Group (Germany), FedEx (United States), UPS (United States), TNT Express (Netherland), United Parcel Service (United States), American Expediting (United States) and Antron Express (Sri Lanka) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Domestic Courier, Express, and Parcel market by Type (Air, Road, Ship and Subway), Application (Business-to-Business (B2B), Business-to-Consumer (B2C) and Consumer-to-Consumer (C2C)) and Region.
On the basis of geography, the market of Domestic Courier, Express, and Parcel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
the emerging trends of omni-channel retailing in various countries
Market Growth Drivers:
Increasing domestic E-commerce trade
Challenges:
Intense competition, regulatory issues, and the high cost of last-mile delivery remain areas of concern for CEP providers.
Restraints:
Lack of proper infrastructure and technology and Lack of cold chain and high wastage of temperature sensitive products
Opportunities:
Various organizations are spending upon R & D of connected logistics technology
Market Leaders and their expansionary development strategies
In October 2022, Aramex PJSC a leading global provider of comprehensive logistics and transportation solutions, has acquisition of Access USA Shipping, LLC., a global technology-driven platform that enables cross-border e-Commerce. The acquisition will further strengthen Aramex’s cross-border express business by increasing shipment volumes, growing and diversifying its customer base, and expanding coverage in new origins and destinations.
In November 2022, The real estate experts of DHL Supply Chain, the world's leading contract logistics provider, have developed a carbon-neutral real estate portfolio of 400,000 sqm to support customers' growth requirements across six European Tier 1 markets. Located in central logistics areas all sites will benefit from excellent multi-modal transport connectivity, designed to serve customers across different sectors.
Key Target Audience
Manufacturers, Suppliers, Distributors, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.