Couriers and messengers refer to a part of the transportation of goods that provides tracked, guaranteed, and express delivery services of parcels within intercity, local, and/or international geography without operating under a universal service obligation that includes local messengers, who usually deliver the parcels within a metropolitan or single urban area and mostly use bicycles, on-foot, small trucks, or vans.
The main types in the couriers and messengers market are domestic and international couriers. Domestic couriers provide domestic courier delivery services. The market is also segmented by coverage into local messengers and local delivery, couriers and express delivery services, and by end-user into B2B, B2C, and others.
The global couriers and messengers market is segmented -
1) By Type: Domestic Couriers, International Couriers
2) By End-User: B2B, B2C, Other End Users
3) By Coverage: Local Messengers And Local Delivery, Couriers And Express Delivery Services
The global couriers and messengers market size grew from $711.32 billion in 2022 to $797.39 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The couriers and messengers market is expected to grow to $1227.35 billion in 2027 at a CAGR of 11.4%.
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, 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 for automated parcel delivery terminals is expected to reach $ 1.06 billion by 2025, thus indicating a significant potential for these automated systems.
Major companies in the couriers and messengers market include Amazon.com 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.
Asia-Pacific was the largest region in the couriers and messengers market in 2022. Western Europe was the second largest region in the couriers and messengers market. The regions covered in the couriers and messengers global market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the couriers and messengers global 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, and Vietnam.
The couriers and messengers market includes revenues earned by entities by providing sorting and transportation services for parcels and the delivery of products that are purchased using online platforms. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The couriers and messengers market research report is one of a series of new reports from The Business Research Company that provides couriers and messengers market statistics, including couriers and messengers global market size, regional shares, competitors with a couriers and messengers market share, detailed couriers and messengers market segments, market trends and opportunities, and any further data you may need to thrive in the couriers and messengers industry. This couriers and messengers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.