The global courier, express, and parcel (CEP) market is expected to witness a CAGR of 10% during the forecast period. This article will explore the key tech trends that are making waves in the courier services industry. The global courier service industry is projected to be driven by the revival of the manufacturing sector and expected economic expansion. Courier service is a facility or service for fast & door to door pickup and delivery of goods or documents from one place to another. The industry is continuing to see high growth year upon year, and that is partially due to the emergence of new technologies. North America Courier Market - Industry Trends and Forecast to 2028 . Asia-Pacific Courier Market - Industry Trends and Forecast to 2028 . 27 Aug, 2019 Like any industry, the courier industry has experienced a significant technological shift in the past 10 years or so. The global courier, express and parcel (CEP) market size reached US$ 394 Billion in 2021. They're not necessarily heavily used - most of these vehicles were rarely used by their previous owners, so you get the benefit of maximizing its lifespan as long as you ensure proper maintenance. Global Courier & Delivery Services - Industry Data, Trends, Stats | IBISWorld poll - Market Research Report Global Courier & Delivery Services trends (2017-2022) Global Courier & Delivery Services industry outlook (2022-2027) 3. Browse Related Blogs. However, modern communication technology (email, video conferencing and so on) has reduced this demand in recent years. Asian countries such as China, Taiwan, Korea, and Thailand are witnessing increased penetration of electronic devices. Let's dive into 5 key trends that we believe will play determining roles in shaping the food delivery industry for the years to come! Courier service sector trends (last updated July 2019) Changes in demand Many courier firms used to rely on demand for the rapid (same day) delivery of important documents as a large source of their work. The global courier services market was valued at $381 billion in 2021, and is projected to reach $658.3 billion by 2031, growing at a CAGR of 5.7% from 2022 to 2031. Here are some important trends in the courier industry: Sustainability Businesses opt to purchase used trucks to reduce environmental impact. Higher competition among Couriers & Express Delivery Services companies will put a downward pressure on prices. Medical facilities can track, in real time, exactly where their specimens are and when they will arrive. Global Courier Market is Expected to Grow at 7.1% in the Forecast Period of 2021 to 2028 . Published: Oct. 21, 2022 at 11:31 p.m. 1. Increasing Workforce in On-Demand Delivery Services With the increasing popularity of on-demand services, you can start exploring your skills, knowledge, and even resources using on-demand applications. Industry Stats and Growth Projection. There are a few key trends that are currently shaping the courier industry. CONVENIENCE With changing lifestyles globally, convenience has probably become the first and most sought after aspect of any delivery experience. This allows many companies to be more competitive and the consumer to benefit from lower prices. One of the most significant changes is the rise of crowdsourcing. The courier industry is taking a new direction as a result of technology. As more and more people shop online, the demand for fast and reliable delivery services has increased. Crowdsourcing is a term that refers to the practice of using a large . GPS tracking is one of the critical and evolving trends within the industry. Couriers & Express Delivery Services Industry Price Trends Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. And truth be told, our industry is no different. When you must get something somewhere in a hurry, a same-day courier service helps. Once these innovations have become the norm in the industry, more innovations . Courier Trends and Courier Stories can be very interesting. Couriers must be able to adapt to this trend to stay competitive. Please feel free to read and comment, share or whatever inspires you. Global Courier Service Industry Trends. Unlike in the past, the services are currently more flexible. Crowdsourcing. The trends of the courier services industry and how technology comes into play. Today, we're going to talk about some of the changes we're seeing and some of the latest and greatest trends in our industry. This coupled with the rise in availability of . Nowadays we have software such as courier tracking software, dispatch software, distribution software, courier software management, and dispatch software. 8 Booming On-Demand Delivery Industry Trends Here are the best trends to watch in 2022 for delivery business owners. Higher demand or COGS will put upward price pressure on prices. One of the most promising technological advancements for the industry is the use of drones for express delivery. Courier, Express, and Parcel (CEP) Industry Market Analysis & Forecast 2018-2023, the revenue is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2023,. In our business, we need to have these things to fully satisfy our [] Let us first take a look at the courier delivery business statistics trends: Some key industry stats and growth projections related to the courier delivery business are: Despite the COVID-19 pandemic, revenue in the global courier and delivery services business is predicted to expand. Middle East and Africa Courier Market - Industry Trends and Forecast to 2028 . ET Courier Industry Comments Currently available Three Situations When a Same-Day Courier Service Saves the Day. The courier industry is evolving and adapting to the changing landscape of business. According to a 2019 report by Mordor Intelligence, the courier services industry is expected to be worth a whopping $400 billion by 2024. . Technology is the most significant change in the courier industry, as it is in most businesses. Technology has become the key to keeping pace in a world where speed means everything. Courier Management Software Courier management software - check out this list - is one of the disruptive tech trends in the courier services industry. Read the latest transport industry news from around the UK with specific focus on couriers and related services, with articles for all levels of professional delivery providers. The pandemic depressed manufacturing activity and goods demand as well as affected cargo capacity. 1. Looking forward, IMARC Group expects the market to reach US$ 519.6 Billion by 2027, exhibiting at a growth rate (CAGR) of 4.61% during 2022-2027. Here are some of the best trends in both these industries: Packing A company that provides such a service is . Technology in the courier industry has stepped it up and is moving the industry forward. 1. Logistics and courier companies are finding that it can be an essential part of the delivery process; reducing costs and damages. Thus, at Smart Delivery Service, we always assess and deploy best-in-class technologies for fine-tuning our services and making them more future-proof. Emerging trends in the courier service industry 15 Aug, 2020 Every industry has all sorts of crazy things happening these days - from technological advances to the total re-thinking of entire services that they currently offer. Courier Management Software Market Trends, Business Overview, Industry Growth, and Forecast 2022 To 2028. With a same-day . After all, some of the trends above are still being developed. This new way of handling logistics is revolutionizing the courier industry, and it's making big waves. Dublin, Feb. 28, 2022 (GLOBE NEWSWIRE) -- The "Courier, Express and Parcel (CEP) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added. The first is the rise of e-commerce. From newcomers to the seasoned veterans - we believe everyone can improve by keeping up to date with the latest developments in the transport industry. As a result, industry-wide cargo ton-kilometers (CTKs) contracted by 27.7% Y-o-Y in April 2020. 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