Courier, Express, and Parcel Market by Customer Type and Geography - Forecast and Analysis 2019-2023
Global Courier, Express, and Parcel Market: About this market
Technavio’s courier, express, and parcel market analysis considers sales from B2B, B2C, and C2C customer types. Our study also finds the sales of courier, express, and parcel in APAC, Europe, North America, South America, and MEA. In 2018, the B2C segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising e-commerce sales will play a vital role in the B2C segment to maintain its market position. Also, our global courier, express, and parcel market report look at factors such as FTAs encouraging CEP investments in emerging economies, growing contract manufacturing of fast-moving consumer goods (FMCGs) in emerging markets, adoption of modern technologies in CEP supply chain network systems, and growing e-commerce market. However, lack of supply chain visibility affecting vendor-customer relationships, threat from sharing-based business models, and growth of on-demand delivery services from e-commerce industry may hamper the growth of the courier, express, and parcel industry over the forecast period.
Global Courier, Express, and Parcel Market: Overview
Growing contract manufacturing of FMCGs in emerging markets
Consumer durables can be categorized based on 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 the 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 will lead to the expansion of the global courier, express, and parcel market at a CAGR of over 5% during the forecast period.
Growing cross-border trade in developing economies
Domestic and inter-border online e-commerce sales are increasing. Cross-border e-commerce involves the online purchase of goods in a country and shipping them overseas. The domestic online sales market is continuously growing in the US and the European Union (EU). Cross-border online sales are increasing rapidly due to improved logistics facilities, easy payment options, and increased disposable incomes. Trade liberalization among countries has also increased export and import activities. Emerging economies like China, India,. and Brazil are changing their trade and investment patterns to gain new opportunities in the global market. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global courier, express, and parcel market during the forecast period 2019-2023, click here.
With the presence of several major players, the global courier, express, and parcel market is highly fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading courier, express, and parcel manufacturers, that include A1 Express Delivery Service Inc., Allied Express Transport, Aramex International LLC, BDP International Inc., Blue Dart Express Ltd., Deutsche Post DHL Group, FedEx Corp., One World Express Inc. Ltd, SF Express Co. Ltd., and United Parcel Service Inc.
Also, the courier, express, and parcel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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