Couriers And Messengers Global Market Sees Growth Rate Of 16% Through 2022

22 Jun, 2022

The global couriers and messengers market size is expected to grow from $625.75 billion in 2021 to $724.62 billion in 2022 at a compound annual growth rate (CAGR) of 15.8%. The courier and messenger market is then expected to grow to $1,251.95 billion in 2026 at a CAGR of 14.6%.

What is the Global Couriers And Messengers Market?

The couriers and messengers market consists of sales of courier and messenger services and related goods by entities (organizations, sole traders, and partnerships) that provide tracked, guaranteed, and express delivery services of parcels within intercity, local, and/or international geographies without operating under a universal service obligation. The industry includes the establishments that provide sorting and transportation activities of parcels. The industry also includes establishments that provide local messengers which usually deliver the parcels within a metropolitan or single urban area and mostly use bicycles, on-foot, small trucks, or vans.

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What drives 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 that 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 the 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 $ 1.06 billion by 2025, thus indicating a significant potential for these automated systems.

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Global Couriers And Messengers Market Segments
The global couriers and messengers market is segmented:
By Type: Domestic Couriers, International Couriers
By End-User: B2B, B2C, Others
By Coverage: Local Messengers and Local Delivery, Couriers and Express Delivery Services
By Geography: The regions covered in the couriers and messengers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Couriers And Messengers Global Market Report 2022provides market size and growth forecasts for the global couriers and messengers market, global couriers and messengers market share, couriers and messengers market segments and geographies, couriers and messengers market competitive landscape including leading competitors’ revenues, profiles and market shares. The couriers and messengers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Couriers And Messengers Industry Playersinclude Inc., United States Postal Service, United Parcel Service Inc., Deutsche Post AG, FedEx Corporation, SF Express Co. Ltd, LE GROUPE LA POSTE, Canada Post, Japan Post Group, and The Royal Mail. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.

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