Global Courier, Express & Parcel Services Industry

Global Courier, Express & Parcel Services Industry

  • July 2020 •
  • 147 pages •
  • Report ID: 5817723 •
  • Format: PDF
Global Courier, Express & Parcel Services Market to Reach US$397.3 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Courier, Express & Parcel Services estimated at US$285 Billion in the year 2020, is projected to reach a revised size of US$397.3 Billion by 2027, growing at a CAGR of 4.9% over the period 2020-2027.

The U.S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 7.5% CAGR for the Period of 2020-2027
The Courier, Express & Parcel Services market in the U.S. is estimated at US$77.3 Billion in the year 2020. The country currently accounts for a 27.11% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$81.2 Billion in the year 2027 trailing a CAGR of 7.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR while Rest of European market (as defined in the study) will reach US$81.2 Billion by the year 2027.We bring years of research experience to this 16th edition of our report. The 147-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

-Competitors identified in this market include, among others,
  • Allied Express Transport
  • American Expediting
  • Aramex PJSC
  • BDP International
  • BeavEx Incorporated
  • DPD Group
  • Parcelforce Worldwide
  • Pos Malaysia Berhad
  • Poste Italiane S.p.A
  • Qantas Courier Limited
  • Royal PostNL
  • SF Express Co., Ltd.
  • SG Holdings Co., Ltd.
  • Singapore Post Limited
  • Yamato Transport Co., Ltd.