The couriers and messengers industry provides tracked, guaranteed express delivery services of small packages and parcels and local messenger services, in metropolitan areas, urban centers or international destinations.
The top five companies covered are Deutsche Post DHL Group, United Parcel Service, FedEx, Japan Post Holdings and Schenker AG. Deutsche Post DHL Group was the largest company in the couriers and messengers market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global couriers and messengers market was valued at around $460 billion in 2017. North America was the largest region in the couriers and messengers market in 2017, accounting for around 30% market share. The USA was the largest country in the market in 2017, accounting for nearly 25% market share.
Courier service providers are now offering on-demand delivery services for faster and efficient delivery of parcels. On-demand delivery provides customers with a flexible option of getting packages delivered at their convenient time and place. This service can also be integrated with point-of-sale systems and ecommerce platforms which enable courier companies to efficiently manage their operations, and thus is a cheaper, faster and more reliable mode of parcel delivery.
The couriers and messengers market is segmented into Domestic and International.
Domestic includes organizations that provide courier services, and product delivery services within a particular country.
International includes organizations that provide air, surface or combined courier delivery services; express messenger and delivery services; parcels, documents and packages; and delivery of time-sensitive and high-value-to-weight products from one country to another country worldwide.