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Courier, Express and Parcel Services Market Share

Report ID: GMI10750
Published Date: Aug 2024
Report Format: PDF

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Courier, Express and Parcel Services Market Share

United Parcel Service (UPS), FedEx Corporation, and DHL Express held a significant market share of over 17% in 2023. UPS is expanding its global network, optimizing routes through technology, and improving last-mile delivery. Committed to sustainability, UPS is investing in electric vehicles and renewable energy. The company further provides tailored services for e-commerce, healthcare, and small enterprises.

FedEx is undergoing a digital transformation, harnessing AI and analytics to boost operational efficiency. The company is broadening its e-commerce services, pouring resources into autonomous delivery innovations, and championing sustainability efforts, including carbon-neutral shipping. Furthermore, FedEx is bolstering its cross-border trade services to facilitate global commerce.

DHL Express is fortifying its global presence, especially in emerging markets, with an emphasis on speed and reliability. The company is investing in green logistics, aiming for zero emissions by 2050. Additionally, DHL is prioritizing digitalization and automation to elevate customer experience and streamline operations.

Courier, Express and Parcel Services Market Companies

Major players operating in the courier, express and parcel services industry are:

United Parcel Service (UPS)
FedEx Corporation
DHL Express
DB Schenker
Japan Post Group
La Poste Group
Royal Mail Group
GLS Group
Aramex
Blue Dart Express

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of courier, express and parcel services reached USD 433.6 billion in 2023 and is set to register over 7.2% CAGR from 2024 to 2032, owing to the expansion of e-commerce and online shopping worldwide.

Courier, express and parcel services industry from the roadways segment held over 63% share in 2023, due to their extensive infrastructure and flexibility.

North America market accounted for over 33% share in 2023, attributed to significant e-commerce growth, advanced logistics infrastructure, and strong consumer demand for fast delivery in the region.

United Parcel Service (UPS), FedEx Corporation, DHL Express, DB Schenker, Japan Post Group, La Poste Group, Royal Mail Group, GLS Group, Aramex, and Blue Dart Express, are some of the major courier, express and parcel services companies worldwide.