COVID-19 Impacts: Courier, Express, and Parcel Market will Accelerate at a CAGR of over 6% through 2020-2024 | Availability of Multiple Online Payment Methods to Boost Growth | Technavio

Technavio has announced its latest market research report titled Global Courier, Express, and Parcel Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the courier, express, and parcel market and it is poised to grow by USD 100.19 billion during 2020-2024, progressing at a CAGR of about 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

  • What was the value of the courier, express, and parcel market in 2019?
  • Technavio says that the value of the market was USD 321.88 billion in 2019 and is projected to reach USD 422.07 billion by 2024.
  • At what rate is the market projected to grow during the forecast period 2020-2024?
  • Growing at a CAGR of about 6%, the market growth will accelerate in the forecast period.
  • What is the key factor driving the market?
  • The availability of multiple online payment methods is one of the key factors driving the market growth.
  • Who are the top players in the market?
  • A1 Express Delivery Service Inc., Allied Express Transport Pty Ltd., Aramex International LLC, BDP International Inc., CEVA Logistics AG, Deutsche Post DHL Group, FedEx Corp., One World Express Inc. Ltd., and SF Holding Co. Ltd. are some of the major market participants.
  • Which region is expected to hold the highest market share?
  • APAC
  • What is a major trend in the market?
  • Cross-border trade in developing countries is a major trend driving the market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. A1 Express Delivery Service Inc., Allied Express Transport Pty Ltd., Aramex International LLC, BDP International Inc., CEVA Logistics AG, Deutsche Post DHL Group, FedEx Corp., One World Express Inc. Ltd., and SF Holding Co. Ltd., are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The availability of multiple online payment methods has been instrumental in driving the growth of the market.

Courier, Express, and Parcel Market 2020-2024: Segmentation

Courier, Express, and Parcel Market is segmented as below:

  • Consumer
    • B2B
    • B2C
    • C2C
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41204

Courier, Express, and Parcel Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our courier, express, and parcel market report covers the following areas:

  • Courier, Express, and Parcel Market size
  • Courier, Express, and Parcel Market trends
  • Courier, Express, and Parcel Market analysis

This study identifies growing cross-border trade in developing countries as one of the prime reasons driving the courier, express, and parcel market growth during the next few years.

Courier, Express, and Parcel Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the courier, express, and parcel market, including some of the vendors such as A1 Express Delivery Service Inc., Allied Express Transport Pty Ltd., Aramex International LLC, BDP International Inc., CEVA Logistics AG, Deutsche Post DHL Group, FedEx Corp., One World Express Inc. Ltd., SF Holding Co. Ltd. Backed with competitive intelligence and benchmarking, our research reports on the courier, express, and parcel market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Courier, Express, and Parcel Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist courier, express, and parcel market growth during the next five years
  • Estimation of the courier, express, and parcel market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the courier, express, and parcel market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of courier, express, and parcel market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Consumer

  • Market segments
  • Comparison by Consumer placement
  • B2B - Market size and forecast 2019-2024
  • B2C - Market size and forecast 2019-2024
  • C2C - Market size and forecast 2019-2024
  • Market opportunity by Consumer

Customer Landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • A1 Express Delivery Service Inc.
  • Allied Express Transport Pty Ltd.
  • Aramex International LLC
  • BDP International Inc.
  • CEVA Logistics AG
  • Deutsche Post DHL Group
  • FedEx Corp.
  • One World Express Inc. Ltd.
  • SF Holding Co. Ltd.
  • United Parcel Service, Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Courier, Express, and Parcel Market will grow by USD 100.19 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/