PUBLISHER: Allied Market Research | PRODUCT CODE: 1179541
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179541
Courier service is a facility or service for fast & door to door pickup and delivery of goods or documents from one place to another. A company that provides such a service is referred as courier company. A courier company charges a rate for the package based upon the weight of the package and urgency of delivery of package.
C2C offers numerous advantages such as the availability of both the person (buyer or seller) who are involved in the exchange of products. Also, C2C offers advantages such as the transaction cost is low followed by the removal of intermediaries and easy availability of service providers, which leads to the growth of the C2C segment in the global market. In addition, few companies operating in courier services market are launching new C2C parcel service, which contributes in the growth of the market. For instance, in 2021, Delhivery, a fulfilment platform for digital commerce, launched a C2C (consumer-to-consumer) express parcel service. This service enables a person to have a parcel picked from their door step and get it delivered to designated location.
The growth of the global courier services market has propelled due to development of e-commerce industry and increase in demand for fast delivery of packages. However, poor infrastructure and higher logistics costs is the factor hampering the growth of the market. Furthermore, technological advancements are expected to offer growth opportunities during the forecast period.
The courier services market is segmented on the basis of service type, destination, end use, and region. By service type, it is classified into B2B, B2C, and C2C. By destination, it is bifurcated into domestic and international. By end use, it is categorized into services, wholesale & retail trade, healthcare, industrial & manufacturing, and others. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
By Service Type
By Destination
By End Use
By Region