Global Courier Services Market Overview:
The courier service market is a parcel service provider that is used to send parcel or shipments from one location to another. It is booked and paid online or offline. Courier services are usually completed by the employed person by a company that charges the fixed amount of price from the person who is using the service. Upsurging demand of e-commerce services is boosting the global courier service market. Insufficient infrastructure and technology might hinder the growth of this market.
Growth Drivers
- Increasing Demand for E-Commerce Solutions from Households and other Local Market
- Growing Demand for Courier Services from various Industries
Roadblocks
- Higher Costs in Maintaining the Infrastructure and Technology
- Insufficient Reach of Courier Services in Underdeveloped Economies
Opportunities
- Increasing Logistics Infrastructure amongst the Developing Economies will Boost the Courier Services Market
Challenges
- Upsurging Competitive Rivalry due to Local Service Providers Limiting the Market Growth
- Complexities in Handling Payment and Cash Management Systems
Competitive Landscape:
Some of the key players profiled in the report are United Parcel Service (UPS) (United States), International Bonded Couriers, Incorporated (United States), Royal Mail (United Kingdom), FedEx (United States), DHL (Germany), China Post Group Corporation (China), Japan Post Holdings Co. (Japan), SF Express Co. (China), BancoPosta (Italy), YTO Express Group Co. (China) and ZTO Express (China). Additionally, following companies can also be profiled that are part of our coverage like STO Express Co. (China), Yunda Express (China) and Aramex (United Arab Emirates). Analyst at AMA Research see Chinese Manufacturers to retain maximum share of Global Courier Services market by 2026. Considering Market by Trading, the sub-segment i.e. Domestic will boost the Courier Services market. Considering Market by Mode of Transportation, the sub-segment i.e. Roadways will boost the Courier Services market. Considering Market by End User, the sub-segment i.e. Wholesale and Retail Trader will boost the Courier Services market.
Latest Market Insights:
On 19th August 2019, UPS has announced an expansion of Company's Worldwide Express Freight and UPS Worldwide Express Freight Midday solutions in Slovenia. This expansion has led to enhance the availability of the company's smart global logistics networks for urgent heavy shipments.
on 21st August 2019, United Parcel Services announced that channel advisor which is one of the leading provider of cloud-based e-commerce solutions will now provide service to the small and medium-sized business at the discounted price as per the UPS's customer technology program. Channel advisor is helping the retailers with managing, optimizing and fulfilling their merchandise sale on more than 130 marketplaces globally, including Amazon, eBay, Google Shopping Actions, and Walmart.
What Can be Explored with the Courier Services Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Courier Services Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Courier Services
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Courier Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Courier Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Courier Service Providers, Research and Development Institutes, International Traders, Financial Institutes, E-commerce service providers, Ecommerce industry associations, Government Agencies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.