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DUBLIN, May 20, 2022–(BUSINESS WIRE)–The “Domestic Couriers Global Market Report 2022: By Application, By End User” report has been added to ResearchAndMarkets.com’s offering.
The global domestic couriers market is expected to grow from $48.38 billion in 2021 to $55.83 billion in 2022 at a compound annual growth rate (CAGR) of 15.4%. The market is expected to grow to $95.14 billion in 2026 at a compound annual growth rate (CAGR) of 14.3%.
Major players in the domestic couriers market are FedEx Corporation, United Parcel Service Inc., A-1 Express, SF Express Co. Ltd., UPS Limited, DHL Express, Yunda Holding Co., Ltd., and Royal Mail, Japan Post Group.
The domestic couriers market consists of the sales of the guaranteed express delivery services of small packages and parcels, in metropolitan areas, urban centres within a country. The market includes the sales of various courier and local delivery services which find applications in various business models.
The domestic couriers market covered in this report is segmented by type into the ground, express, deferred. Express domestic couriers refer to the fastest form of shipping. The customer pays an extra shipping cost for this delivery, as the shipment will get transported to anyplace anywhere between 24 to 72 hours. It is also segmented by application into business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C), and by end-user into BFSI, wholesale and retail trade, construction, manufacturing, others.
Asia Pacific was the largest region in the domestic couriers market in 2021. North America was the second largest region in the domestic couriers market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
E-commerce trade is expected to be one of the major drivers of the global domestic courier service market. As the buying and selling of goods and services over the internet continue to grow, the courier or parcel volumes will increase and thereby drive the demand for courier delivery services.
E-Commerce or electronic commerce or internet commerce refers to is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer, or consumer-to-business. A few examples of E-commerce websites include online stores such as Amazon, Ebay, Quikr, Olx, and more.
The emergence of eCommerce has made products easier to discover and purchase through online retailers and marketplaces and benefited Independent freelancers, small businesses, and large corporations by enabling them to sell their goods and services at a higher scale. Thus, the growing E-commerce industry is anticipated to drive the domestic courier market in the forecast period by enhancing the courier or parcel delivery service opportunities within the country.
In-house delivery networks are expected to restrict the growth of the courier and local delivery services market in the US. In-house delivery refers to the retailers using their own dedicated delivery staff and own fleet of vehicles to deliver orders to customers. For instance, Tesco, a British multinational grocery and merchandise retailer uses in-house delivery quite successfully and the other example includes pizza delivery by Domino’s company. Thus, the increasing adoption of in-house delivery units by retailers is anticipated halt the growth of courier and local delivery service market in the forecast period.
E-locker delivery system is a computerized electronic locker system used for the security of delivering retrieving or recovering parcels. Each locker station may include a set of individual lockers of various sizes, each with an electronically controlled release-operated door latch. Each locker station has an input/output device(s) that is electronically connected to an internal computer. This makes an ideal solution for apartments, dormitories, businesses, and other applications that handle the ongoing delivery of packages and parcels.
Since the emergence of the E-locker delivery systems solves the problems of rising parcel deliveries, it is anticipated to be an important trend that drives the domestic courier market.
Key Topics Covered:
1. Executive Summary
2. Domestic Couriers Market Characteristics
3. Domestic Couriers Market Trends And Strategies
4. Impact Of COVID-19 On Domestic Couriers
5. Domestic Couriers Market Size And Growth
5.1. Global Domestic Couriers Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Domestic Couriers Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Domestic Couriers Market Segmentation
6.1. Global Domestic Couriers Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.2. Global Domestic Couriers Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
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Business-to-Business (B2B)
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Business-to-Consumer (B2C)
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Consumer-to-Consumer (C2C)
6.3. Global Domestic Couriers Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7. Domestic Couriers Market Regional And Country Analysis
7.1. Global Domestic Couriers Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Domestic Couriers Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Companies Mentioned
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FedEx Corporation
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United Parcel Service Inc.
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A-1 Express
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SF Express Co. Ltd.
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UPS Limited
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DHL Express
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Yunda Holding Co., Ltd.
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Royal Mail
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Japan Post Group
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China Post
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USPS
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Deutsche Post AG
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Canada Post Corporation
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Eastern Connection (United States)
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New Zealand Post
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Allied Express (Australia)
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Aramex (United Arab Emirates)
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TFI International Inc.
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Shanghai YTO Express (Logistics) Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/ot5byt
View source version on businesswire.com: https://www.businesswire.com/news/home/20220520005308/en/
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