Couriers & Local Delivery Services in Canada - Industry Market Research Report

Couriers & Local Delivery Services in Canada - Industry Market Research Report
Couriers & Local Delivery Services in Canada

The industry consists of two distinct segments, which include large couriers and small-scale delivery companies. These segments cater to a wide variety of consumers, with demand for each segment differing based on the services offered. For instance, while downstream demand for courier services primarily stems from manufacturers and retailers that require couriers to transport commercial goods over relatively long distances, demand for local delivery services is typically derived from niche businesses and individual consumers. Demand for these services is generally cyclical, however, and the pandemic and the associated prioritization of delivery spurred demand for industry services in 2020. Overall, industry revenue is estimated to grow at a CAGR of 3.5% to $18.7 billion in 2023, despite falling 2.8% in 2023 alone as profit settles in at 11.4%.This report combines two separate industries: the Couriers industry and the Local Messengers and Delivery Services industry. Couriers are establishments that primarily engage in delivery services between urban centres using a network of air and surface transportation systems. In contrast, local messengers provide delivery services within a single urban area and are excluded from courier networks.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.