The couriers and messenger’s services market consists of sales of courier and messenger services by entities (organizations, sole traders and partnerships) that provide tracked, guaranteed express delivery services of small packages and parcels and local messenger services, in metropolitan areas, urban centers or international destinations. The global couriers and messengers market is expected to grow from $541.6 billion in 2019 to $545.1 billion in 2020 at a compound annual growth rate (CAGR) of 0.7%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 11% from 2021 and reach $722 billion in 2023. Asia Pacific was the largest region in the global couriers and messengers market, accounting for 35% of the market in 2019. North America was the second largest region accounting for 26% of the global couriers and messengers market. Africa was the smallest region in the global couriers and messengers market. Courier and express delivery service providers are increasingly using automated parcel terminals. Automated parcel terminals are computer controlled units which allow customers to collect, hand in and return parcels around the clock. These terminals are deployed at locations with maximum footfall such as walkways, convention centers, grocery outlets, shopping malls, convenient stores, gas stations and railway stations. These terminals improve the quality of delivery services network and reduce last mile delivery management costs for the company. Automated parcel terminals are being extensively used in Europe and the global market for automated parcel delivery terminals is expected to reach $918 million by 2024, thus indicating a significant potential for these automated systems.
The major players in the global couriers and messengers market are United Parcel Service, FedEx Corporation, United States Postal Service, Deutsche Post DHL Group, SF Holdings
The countries covered in the global couriers and messengers market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
The global couriers and messengers market is segmented:
1) By Type: Domestic Couriers, International Couriers
2) By End-User: B2B, B2C, Others
3) By Coverage: Local Messengers And Local Delivery, Couriers And Express Delivery Services