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UK delivery and courier market to grow 50% by 2030

By 2030, a tech-led revolution means the global delivery and courier market is set to rise from $482.9bn to $648bn and the UK courier market from £16.4bn to £25bn, according to international delivery firm Parcelhero. This rapid expansion is creating new opportunities for property investors focusing on the industrial sector.

Rapid developments in e-commerce and shipping technology will help fuel a 4.3% compound annual growth rate (CAGR) in the global courier and delivery services market, and a 6.2% CAGR rise in the UK domestic market by 2030, said the firm.

The international price comparison site says the size of the global transportation management systems (TMS) market alone is set to grow by 19.7% by 2028. Parcelhero itself is moving into the B2B logistics market with the launch of an all-new SaaS (software as a service) platform called Parcelhero Pro.

Parcelhero’s head of consumer research, David Jinks, said: ‘Parcelhero has been analysing the latest courier, express and parcels (CEP) market data. The impact of new e-commerce, TMS and automated shipping technologies will drive continued growth. That means the UK parcels market is likely to soar from £16.4bn to £25bn.”

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