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(USGovernment-News.Com, June 30, 2017 ) Today, almost all Brits (94%) now have experience of using courier or express delivery services. Additionally, with the explosion of e-commerce in the UK, the shape of courier and logistics industry has changed. According to the findings of a new study, the UK courier and express delivery services market is currently very much competitive, with heavy pressure on pricing and offerings. To explore additional details on the current scenario of the overall market, a new study titled “U.K. Courier and Express Delivery- May 2017” has been published to the online repository of Market Research Hub (MRH). The study provides key insights to the market driving factors, innovation in the marketplace, the impact of Brexit, industry development structure, expected market size until 2021 and leading players providing best services in the courier and express delivery.
The study highlights market overview of courier and express delivery covering market segmentation, market factors and consumer preferences; and market growth forecasts during the period 2017 to 2021. Express delivery services refer to delivery of parcels, documents, and letters. It is a time-bound delivery service where the batch is delivered within two or three days depending on the necessity of the customer. E-commerce retailers use express delivery vendors to ship goods to customers. In addition, at present vendors in the market are providing value-added and same-day delivery services by improving their logistics efficiency.
From the past few years, growing shoppers’ preference for ordering online has helped boost the size of the UK parcel market. Due to this, E-commerce market is expected to continue growing, though volumes are set to mature. The increasing popularity of online shopping in both the B2B and B2C sectors is driving demand for parcel operators. As per the findings, market competitiveness is highest in the B2C sector, which has seen demand surge in recent years in line with the growth of online channels. As the e-commerce and online marketplaces in U.K. continue to grow in importance, the courier and express delivery services will boost rapidly. From the consumer perspective, demand for ultra-convenience, especially among younger consumers is very much higher, this as a result showing the growth in premium delivery services.
The report further adds that same-day delivery services most prevalent in urban areas. With parcel volumes expected to continue rising sharply in the coming years, it is essential that operators increase capacity to process packages in greater numbers.
Leading companies operating in this market are Citysprint UK, DHL Express UK, DPD Group, DX Group, FedEx UK, Hermes Parcelnet, Tuffnells, TNT UK, UK Mail Group Limited and Yodel. These companies are highlighted along with their recent activities, strategies and overall financial analysis.
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