Global Postal Services Market Trends And Strategies
The postal services market expected to reach a value of nearly $415.57 billion by 2022, significantly growing at a CAGR of 4.1% during the forecast period. This market is expected to register slight growth due to growth in demand for on-demand delivery services in the forecast period. However, the market for postal services is expected to face certain restraints from several factors such as increasing digital transformation and highly competitive parcel delivery system.
The postal services market consists of sales of postal services by entities (organizations, sole traders and partnerships) that provide postal services.
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The global postal services market is further segmented based on type and geography.
By Type: Express, Standard.
By Geography: The global postal services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American postal services market accounts for the largest share in the global postal services market.
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Trends In The Postal Services Market
On-demand delivery of couriers, automated parcel terminals, and customized solutions for e-commerce companies are the major trends witnessed in the postal services market.
Postal Services Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides postal services market overviews, analyzes and forecasts postal services market size and growth for the global postal services market, postal services market share, postal services market players, postal services market size, postal services market segments and geographies, postal services market trends, postal services market drivers and postal services market restraints, postal services market’s leading competitors’ revenues, profiles and market shares. The postal services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.