Major driving factors for the B2C segment in the global courier, express, and parcel market.

The global courier, express, and parcel market is expected to grow at a CAGR of 5.33% during the forecast period. Based on customer type the global courier, express, and parcel market has been segmented into B2B, B2C, and C2C.

The e-commerce market is the major driving factor for the B2C segment in the global courier, express, and parcel market. The B2C segment is growing faster than the B2B segment as the volume of shipments is large. The B2C segment contributes more to the domestic market when compared with the international market. The B2C segment is driving the global courier, express, and parcel market, especially in domestic markets. It is growing due to increased demand for instant or same-day delivery by customers.

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The B2C segment is an extremely lucrative market from which most e-commerce players get a sizeable part of their business. Therefore, e-commerce players are focusing on in-sourcing activities to get control over the supply chain networks. The B2C e-commerce market is highly influenced by the price, shipping cost, speed, and any discounts or other offers on the products. Hence, the B2C segment of the global courier, express, and parcel market is expected to witness a faster growth rate during the forecast period.