Industry Background:
Courier and Local Delivery Services refers to transportation of goods that are non-palletized and which weigh less than 110 pounds. This allows a single person to deliver the good from one place to another effectively. The demand for Courier and Local Delivery Services is expected to grow with rise in demand for courier and local delivery service around the globe.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Eastern Connection (United States), FedEx Corporation (United States), OnTrac (United States), United Parcel Service Inc. (UPS) (United States), United States Postal Service (USPS) (United States), A1Express (United States), Courier Express (United States), LaserShip (United States), Last Mile Logistics Group (United States), Lone Star Overnight (United States) and NAPAREX (United States) |
This growth is primarily driven by Growth in the E-Commerce Industry and Rising Need For Automated Sorting and Delivery Process.
Globally, a noticeable market trend is evident Just-in-time Shipping Logistics Major Vendors, such as Eastern Connection (United States), FedEx Corporation (United States), OnTrac (United States), United Parcel Service Inc. (UPS) (United States), United States Postal Service (USPS) (United States), A1Express (United States), Courier Express (United States), LaserShip (United States), Last Mile Logistics Group (United States), Lone Star Overnight (United States) and NAPAREX (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In October 2023, FedEx to acquire Dutch e-commerce delivery company TNT Express for €4.4 billion. This strategic move aims to strengthen FedEx's European presence and expand its e-commerce capabilities.
In October 2023, Amazon partners with Deliveroo for grocery delivery in the UK. This collaboration expands Amazon's reach into the fast-growing online grocery market, leveraging Deliveroo's established delivery network.
Influencing Trend:
Just-in-time Shipping Logistics
Market Growth Drivers:
Growth in the E-Commerce Industry and Rising Need For Automated Sorting and Delivery Process
Challenges:
Ensuring Proper Delivery on Time and Highly Consolidated Market
Restraints:
High Initial Investment and Maintenance Cost
Opportunities:
Growth in Internet Retail Sales and Rising Demand For Local Delivery and Adoption of innovative parcel delivery technologies such as Semiautonomous ground vehicles and Drone delivery
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Courier and Local Delivery Services Market
- Analysis about New Entrants in Courier and Local Delivery Services Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Courier and Local Delivery Services Study Sheds Light on
The Courier and Local Delivery Services Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Courier and Local Delivery Services industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Courier and Local Delivery Services industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.