Courier Services has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2024). The research presents a complete assessment of the market and contains Future trend, Current Growth Factors, attentive opinions, facts, historical data, and statistically supported and industry validated market data.
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A courier service is a service that allows someone to send a parcel or consignment from one location to another. They can be booked and paid for online. Senders have the option to have their parcels collected by a courier or drop their parcel off at a nearby location to be picked up later by the courier.
The North America ranks highest in courier service revenue at $101.87 billion, generating 34% of the total revenue in global. China ($77.53 billion) and Japan ($23.45 billion) follow in second and third place. The average shipping price of a parcel is $8.95 in the US, compared to $1.83 in China and $2.64 in Japan.
The health of the transportation and logistics industry will continue to be a function of domestic and global economic growth.
The global Courier Services market is valued at 299100 million USD in 2018 and is expected to reach 416200 million USD by the end of 2024, growing at a CAGR of 6.8% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Courier Services.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Courier Services market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Courier Services market by product type and applications/end industries.
The complete knowledge of Courier Services is based on the latest industry news, opportunities and trends. Courier Services research report offers a clear insight about the influential factors that are expected to transform the global market in the near future. Both top-down and bottom-up approaches have been used to estimate and validate the market size of Courier Services, to estimate the size of various other dependent sub-markets in the overall market.
This report checks the Courier Services market status and the prospect of global and major regions, from angles of players, product regions and end Application/industries.
SWOT Analysis of Key players: UPS, FedEx, Royal Mail, DHL, China Post, Japan Post Group, SF Express, BancoPosta, YTO Expess, ZTO Express, STO Express, Yunda Express, Aramex
Market Growth by Types: Courier, Express, Parcel
Market Growth by Applications: B2B, B2C, C2C
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All of the segments studied in the report are closely analysed to explore their market growth, opportunities, prospects, and market potential.
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* Take more informed business decisions by relying on the insightful opinions from Courier Services industry experts.
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* Create merger and acquisition opportunities by identifying the Courier Services market players with the most innovative pipelines.
* Develop Courier Services market-entry strategies and effective ways to sustain competition.
* Identify the regional Courier Services market potential which would further help in designing regional market strategies.
* Understand the competitive scenario in the Global Courier Services Market.
* Develop business strategies by understanding the market dynamics and developments driving the Courier Services Market.
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Opportunities
The report identified the challenges in front of the Courier Services as the study listed every one of them. This allows understanding of the market and benefits from any lucrative opportunities that are available. Researchers have offered a comprehensive study of the existing market scenario while concentrating on the new business objectives. There is a detailed analysis of the change in customer requirements, customer preferences, and the vendor landscape of the overall market.
The report is distributed over 15 Chapters to display the analysis of the Courier Services market.
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