Global Domestic Couriers Market Opportunities And Strategies For Major Players In The Domestic Couriers Market 2021-2030
23 Aug, 2021
The domestic couriers market consists of sales of delivery services of small packages and parcels, in metropolitan areas and urban centers within a country. The market includes the revenues of establishments that provide sorting and transportation activities of parcels.
Global Domestic Couriers Market Size And Drivers:
The global domestic couriers market reached a value of nearly $454.5 billion in 2020, having increased at a compound annual growth rate (CAGR) of 8.1% since 2015. The market is expected to grow from $454.5 billion in 2020 to $736.0 billion in 2025 at a rate of 10.1%. The growth is mainly due to the increasing e-commerce demand which is expected to drive the demand for domestic couriers. The market is expected to grow from $736.0 billion in 2025 to $1,152.8 billion in 2030 at a CAGR of 9.4%. Rising demand for food delivery services is expected to contribute to the growth of the domestic couriers market in the forecast period.
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Trends In The Global Domestic Couriers Market
Courier 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, convenience 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.
Global Domestic Couriers Market Segments:
The global domestic couriers market is further segmented based on type, application, end user and geography.
By Type: Ground, Express, Deferred
By Application: Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C)
By End User: BFSI, Wholesale And Retail Trade, Construction, Manufacturing, Others
By Geography: The global domestic couriers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global domestic couriers market, accounting for 36.9% of the total in 2020.
Read More On The Report For The Global Domestic Couriers Market At:https://www.thebusinessresearchcompany.com/report/domestic-couriers-market
Domestic Couriers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides domestic couriers market overviews, analyzes and forecasts market size and growth for the global domestic couriers market, domestic couriers market share, domestic couriers market players, domestic couriers market segments and geographies, domestic couriers market’s leading competitors’ revenues, profiles and market shares. The domestic couriers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.