Courier, Express and Parcel (CEP) Market

Global Courier, Express and Parcel (CEP) Market Size (2024 to 2032)

The global courier, express, and parcel market is predicted to reach USD 451.34 billion in 2024 and USD 677.06 billion by 2032, growing at a CAGR of 5.20% during the forecast period.

CEP stands for Courier, Express, and Parcel, and it is used to transport parcels and documents to various consumers. Express delivery is a time-bound delivery in which a package is delivered in no more than two days. On the other hand, the term courier refers to a person or company that delivers messages, packages, and mail. Safe parcel delivery, cost-effective service, and the ability to use a parcel tracking system are all advantages of using these services. Technology is reshaping the whole supply chain and redefining the sector. By simplifying how things are transported, couriers and delivery companies are opening up new prospects for the e-commerce market. These CEP packages are mostly non-palletized and weigh roughly a hundred pounds altogether. The business-to-business (B2B), business-to-customer (B2C), and customer-to-customer (C2C) models are used extensively in CEP services. They are combined with value-added services to enhance the user's delivery experience.

MARKET DRIVERS

The courier, express, and parcel industries have seen remarkable growth worldwide in recent years. A major factor influencing market growth is the rising E-commerce sector.

In the recent past, the e-commerce industry has expanded the range of business choices for transferring goods and commodities. The Courier, Express, and Parcel (CEP) Market is predicted to grow predominantly in emerging countries because of an increase in international trade across regions, internet-based services, and the growing number of smartphones among users.

This has boosted e-commerce sales, increased the middle-class population and disposable incomes, and raised living conditions. Another aspect driving the market is the rise in omnichannel retailing trends in many nations and the rise in economic growth. Furthermore, CEP firms have begun integrating last-mile delivery into their offerings. The final mile delivery represents about half of the supply chain costs, making it a significant aspect of logistics.

MARKET RESTRAINTS

The industry is in high demand due to the increased requirement to meet consumer expectations by delivering services on schedule. The global courier, express, and parcel (CEP) market is predicted to be driven by the growing need for technological advancements to enhance efficiency and meet customer expectations. However, inefficiencies caused by insufficient infrastructure and technology may limit the growth of the Global Courier, Express, and Parcel (CEP) Market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Courier, Express and Parcel (CEP) Market Analysis By Business

The B2B sector dominated the market and is expected to continue during the forecast period. During the forecast period, the B2C segment is likely to be driven by the expansion of the e-commerce sector and a rise in customer awareness. This is expected to fuel the courier express and parcel market during the projected period. Due to increased demand for e-commerce businesses, the focus is shifting from business-to-business (B2B) to business-to-consumer (B2C).

Global Courier, Express and Parcel (CEP) Market Analysis By Destination

The market's overseas shipment sector will increase much faster than the domestic market due to its extended reach in the global market. Air transportation is becoming increasingly popular in the CEP market for delivering quickly with the required efficiency, even though it is more expensive to customers.

Global Courier, Express, and Parcel (CEP) Market Analysis By End-User

The services segment handles product trading between the Banking, Financial Services, and Insurance (BFSI) entities in various locations. The Wholesale and Retail Trade section includes the e-commerce sector and the cross-border trade of goods and products. The manufacturing, construction, and utility sections are responsible for the logistics network, transportation, and cross-border supply of goods. The primary industry category is CEP services between agriculture and other natural resources.

REGIONAL ANALYSIS

Asia-Pacific is the largest regional market, accounting for about 41% of the global market. Demand for CEP services in the Asia-Pacific region is expected to expand substantially over the projected period, owing to significant population expansion, rising disposable incomes and living standards, and development in international trade.

Electronic device penetration is increasing in China, Taiwan, Korea, and Thailand. The courier, express, and package sectors will gain from this, as well as the increased availability of different online payment methods, changing lifestyles owing to urbanization, and the development of electronic items, autos, and food and beverage shipments.

Southeast Asia is one of the globe's rising hotspots, attracting investors from all around the world. Across the coming years, e-commerce is predicted to grow in the region. Over the next few years, the rise in contract manufacturing of FMCGs in emerging nations will substantially impact courier, express, and package service growth.

In Europe, The emerging markets with the fastest relative growth, albeit from a lower base, are Russia (up 11% in revenue and 9% in volume) and Turkey (up 19% in revenue and 5% in volume). The top performers among mature markets were Germany (up 6% in revenue and volume), the United Kingdom (up 4% in revenue and 6% in volume), and France (up 4% in revenue and 5% in volume).

The Netherlands' expansion in foreign commerce is due to the location of European distribution centers. In contrast, other small nations with a high population density, such as Austria and Denmark, have also boosted their proportion of international business.

KEY PLAYERS IN THE GLOBAL COURIER EXPRESS AND PARCEL(CEP) MARKET

The major companies operating in the global courier, express, and parcel (CEP) market include United Parcel Service (US), SF Express (China), Poste Italiane (Italy), TNT (Netherlands), Blue Dart (India), Gati (India), DTDC (India), Aramex (Middle East), La Poste (France), Yamato Transport Co (Japan).

RECENT HAPPENINGS IN THE GLOBAL COURIER EXPRESS AND PARCEL(CEP) MARKET

• As part of its sustainability plan, Deutsche Post AG has reached an agreement with Neste Oyj, under which the Finnish firm will supply it with sustainable aviation fuels in the United Kingdom until mid-2022. The German freight-and-logistics conglomerate said it would spend roughly 60 million euros ($69.6 million) on SAFs for its DHL Express branch at East Midlands Airport in the United Kingdom.

• SF Airlines, China's largest air cargo carrier, has dispatched more than 60 freighters to meet the country's massive shopping spree's soaring rapid delivery expectations. These all-cargo freighters are in place to ensure adequate air delivery around the "Double 11" internet shopping binge on November 11. In addition to increasing freighter capacity, the cargo airline has established more than ten additional routes to accommodate demand and connect various locations with the country's eastern region, home to a big e-commerce cluster.

• The banking arm of French postal operator La Poste proposes to buy a share in French insurer CNP from banking firm BPCE and then launch an offer to buy the whole insurer for 15 billion euros ($17.40 billion). BPCE will sell its 16 percent investment in CNP to La Banque Postale for 21.90 euros per share, a 36 percent premium to the stock's October 2021 closing price.
• Yamato Holdings, a major transportation company, is forming partnerships with distant areas to test the idea of using drones to carry prescription drugs to older people. Yamato has formed agreements with two local governments to meet this anticipated need: Wake town (population 14,000) in Okayama Prefecture and Naka town (population 7,500) in Tokushima Prefecture.

DETAILED SEGMENTATION OF THE GLOBAL COURIER EXPRESS AND PARCEL(CEP) MARKET INCLUDED IN THIS REPORT

This research report on the global courier, express and parcel (CEP) market has been segmented and sub-segmented based on the business, destination, end-user, and region.

By Business

• B2B
• B2C

By Destination

• Domestic
• International

By End-User

• Services
• Wholesale and Retail Trade
• Manufacturing
• Construction
• Utilities
• Primary Industries

By Regional

• North America
  • The United States
  • Canada
  • Rest of North America
• Europe
  • The United Kingdom
  • Spain
  • Germany
  • Italy
  • France
  • Rest of Europe
• The Asia Pacific
  • India
  • Japan
  • China
  • Australia
  • Singapore
  • Malaysia
  • South Korea
  • New Zealand
  • Southeast Asia
• Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of LATAM
• The Middle East and Africa
  • Saudi Arabia
  • UAE
  • Lebanon
  • Jordan
  • Cyprus