LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global courier, express, and parcel market since 2016 and the market is poised to grow by USD 90.63 billion during 2019-2023, progressing at a CAGR of over 5% during the forecast period. Request Free Sample Pages
Read the 146-page research report with TOC on "Courier, Express, and Parcel Market Analysis Report by Geography (APAC, Europe, MEA, North America, and South America), by Customer type (B2B, B2C, and C2C), and Segment Forecasts, 2019 - 2023".
The market is driven by the growing contract manufacturing of FMCGs in emerging markets. In addition, the growing cross-border trade in developing economies is anticipated to further boost the growth of the courier, express, and parcel market.
Consumer durables can be categorized based on fast moving consumer goods (FMCGs) and slow-moving goods. BRICS nations contribute the largest share to the consumer goods market, whereas Asian countries such as Thailand, Korea, China, and Taiwan hold prime positions in the manufacturing sector. This is due to the growing penetration of electronic devices, changing lifestyles, and availability of multiple online payment methods. This will boost the demand for online products and need for shipments adding benefit to the CEP industry through the delivery of these goods. Thus, the growth of contract manufacturing of FMCGs in emerging markets is expected to drive market growth during the forecast period.
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Major Five Courier, Express, and Parcel Market Companies:
A1 Express Delivery Service Inc.
A1 Express Delivery Service Inc. is headquartered in the US and owns and operates businesses under various segments such as local courier service, nationwide courier service, and bike messenger. The company offers complete LTL and truckload carrier freight services.
Allied Express Transport
Allied Express Transport is headquartered in Australia and manufactures and offers products through global business units comprising of courier services, taxi truck services, and local distribution services. The company offers customized courier solutions, based on the cost and time criticality.
Aramex International LLC
Aramex International LLC is headquartered in UAE and has business operations under various segments, namely international express, freight forwarding, domestic express, and logistics. The company offers services such as document storage, catalogue shipping services, and visa services.
BDP International Inc.
BDP International Inc. is headquartered in the US and offers products through various segments including lead logistics, 4PL, transportation services, analytics and optimization, and visibility tools. The company offers customized courier solutions to customers.
Blue Dart Express Ltd.
Blue Dart Express Ltd. is headquartered in India and offers products through business segments such as courier services. The company offers air and ground transportation and distribution of packages.
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Courier, Express, and Parcel Customer type Outlook (Revenue, USD Million, 2019 - 2023)
Courier, Express, and Parcel Regional Outlook (Revenue, USD Million, 2019 - 2023)
- North America
- South America
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Related Reports on Industrials are:
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