Postal Services Market Characteristics
The postal services market consists of sales of postal services by entities (organizations, sole traders and partnerships) that provide postal services.
Competitive Landscape of the Postal Services Market
Major players in the global postal services market include United States Postal Service, China Post, Deutsche Post, Japan Post, La Poste.
Postal Services Market Size
The postal services market size is expected to increase in the forecast period, growing at a high CAGR 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.
Postal Services Market Segmentation
The global postal services market is further segmented based on type and geography.
By Type - The postal services market is segmented into express and standard postal servcies market.
By Geography - The global postal services is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North America postal services market accounts for the largest share in the global postal services market.
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.
Potential Opportunities in the Postal Services Market
With the growing e-commerce industry and rising disposable income, the scope and potential for the global postal services market is expected to significantly rise in the forecast period.
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