Insights Into The Domestic Couriers Market’s Growth Opportunities Through 2023-2032 – Includes Domestic Couriers Market Size
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E-commerce trade are expected to drive innovation in domestic couriers manufacturing, thus driving the market during the forecast period.
The global domestic couriers market is expected to grow from $54.84 billion in 2022 to $61.30 billion in 2023 at a compound annual growth rate (CAGR) of 11.8%. The global domestic couriers market size is expected to grow to $93.30 billion in 2027 at a CAGR of 11.1%.
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Global Domestic Couriers Market Segments Include:
- By Type: Ground, Express, Deferred
- By Application: Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C)
- By End User: BFSI, Wholesale And Retail Trade, Construction, Manufacturing, Other End Users
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global domestic couriers market in 2021.
Major Market Players in the domestic couriers market include FedEx Corporation, United Parcel Service Inc., A-1 Express, SF Express Co., Ltd., UPS Limited, DHL Express, Yunda Holding Co., Ltd., Royal Mail.
The E-locker delivery system is a computerised electronic locker system used for the security of delivering, retrieving, or recovering parcels. Each locker station may include a set of individual lockers of various sizes, each with an electronically controlled release-operated door latch. Each locker station has an input/output device(s) that is electronically connected to an internal computer. This makes an ideal solution for apartments, dormitories, businesses, and other applications that handle the ongoing delivery of packages and parcels. For instance, Packcity is an automated electronic locker system that securely stores and distributes inbound parcels, informs recipients that a parcel has arrived, and allows 24/7 collections. Packcity enables the storage and distribution of a large volume of incoming parcels. Its easy-to-use interface allows recipients to track parcels and inform them about the arrival of their parcel. Since the emergence of the E-locker delivery system solves the problem of rising parcel deliveries, it is anticipated to be an important trend that drives the domestic courier market.
The Domestic Couriers Global Market Report 2023 provides a domestic couriers market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The domestic couriers market forecast analyzes domestic couriers market size, domestic couriers market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Domestic couriers provide shipping services for small packages and parcels in metropolitan areas and urban centers within a country to deliver small parcels and documents in a short period of time, reduce the risk of loss, and offer better security as compared to other shipping methods to improve customer satisfaction.
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