Couriers and messengers market comprises of the sales of courier & messenger services as well as related goods by entities that provide guaranteed, tracked, and express delivery services of parcels within neighboring, inter-city, and international geographies without working under a universal service obligation. Couriers and messengers industry includes various establishments that provide sorting & transportation activities of parcels. The industry also includes establishments that give local messengers that generally deliver the parcels within a metropolitan or single urban-area and mostly use bicycles, small trucks, on-foot, or vans. Couriers and messengers services provide additional features such as shorter time, safety guarantee, delivery guarantee, real time monitoring and more others.
Referring to study, “Couriers And Messengers Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global couriers and messengers market include FedEx Corporation, United Parcel Service, United States Postal Service, SF Holdings, Deutsche Post DHL Group among others. These leading organizations have adopted a number of strategies including product launches, collaborations, partnerships mergers & acquisitions, and joint ventures to sustain their foothold in the market. Now-a-days, the courier service providers are providing on-demand delivery services for faster & efficient delivery of parcels. On-demand delivery offers clients with a flexible option of getting packages distributed at their convenient time as well as place. This service is also integrated with point-of-sale systems and ecommerce platforms that enables the courier companies to proficiently manage their operations, and consequently is a faster, cheaper and more reliable mode of parcel delivery.
By type, couriers and messengers market is bifurcated as international couriers and domestic couriers. By coverage, market is bifurcated as courier & express delivery services and local messengers & local delivery. In addition, by end-user, market is bifurcated as Business to Customers (B2C), Business to Business (B2B) and others.
The couriers and messengers market is driven by flourishing e-commerce industry, followed by rise in middle class population, developing cross-border delivery, growth in urbanization and rise in advancement of technologies. However, high consolidation of courier service may impact the market. Moreover, growth in inclination of customers toward online purchases is a key opportunity for market. Furthermore, introducing real-time tracking feature and rise in demand from ecommerce industry are major trends for market.
Global impacts of the corona virus pandemic (COVID-19) are starting to be felt, and significantly affect the couriers and messengers market. The outbreak of this pandemic has brought effects on many aspects including travel bans & quarantines, flight cancellations, restaurants closed, growing panic among the population, several countries state of emergency declared, all indoor/outdoor events restricted, massive slowing of the supply chain, falling business confidence, stock market volatility and uncertainty about future.
Based on geography, the Asian-pacific is a prevalent region in global couriers and messengers market owing to growth in urban population and presence of international e-commerce companies in the region. The North-American and European regions are likely to witness higher growth rate due to rise in usage of internet and increase in penetration of smart-phones over the forecast period. It is projected that future of the global couriers and messengers market will be optimistic because of effective developments in the automated parcel terminals during the forecast period.
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Ankur Gupta, Head Marketing & Communications