Postal Services Market is segmented By Type (Standard, Express), By Service (Shipping and Package Services, First-Class Mail, Marketing Mail,Periodica....
Market Size in USD Bn
CAGR1.43%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 1.43% |
Market Concentration | Medium |
Major Players | United States Postal Service (USPS), United Parcel Service (UPS), Inc., FedEx Corporation, China Post Group Corporation, Royal Mail Group Limited and Among Others |
The postal services market is estimated to be valued at USD 249.37 Bn in 2024 and is expected to reach USD 275.50 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 1.43% from 2024 to 2031. Growth of the post services market can be attributed to the consistent demand for mail and package delivery services among both residential and commercial customers.