The global Courier, Express, and Parcel (CEP) market was worth US$ xx million in 2020, and it is foreseen to reach US$ xx million, developing with an annual expansion rate (CAGR) of xx% between 2021 and 2026.
CEP (Courier, Express and Parcel) refers to a collection of services that deliver a variety of goods and products in multiple locations, by land, air or water. The packages offered by Courier, Express, and Parcel (CEP) are not palletized and normally weigh around 100 pounds. These services typically work in Business-to-Business (B2B), Business-to-Customer (B2C), and Customer-to-Customer (C2C) models. Combined with various value-added services, it improves the delivery experience to users. CEP (Courier, Express and Parcel) service safely and cost-effectively delivers luggage, packages, documents and other items around the world. CEP (Courier, Express and Parcel) refers to a collection of services that deliver a wide variety of goods and products in multiple geographic regions and through a variety of media such as air, water and land. Express delivery is primarily limited in time for multiple high-value cargoes to be delivered within a few days or at a pre-agreed date and time.
Market Growth
The growing e-commerce segment with increasing cross-border commerce is one of the key factors driving the global Courier, Express, and Parcel market growth.
Drivers
The Global Courier, Express and Parcel (CEP) markets have seen growth in the market and are supposed to affect the market in the future. Factors such as the growth of the e-commerce sector are likely to drive the global market. In addition, the increase in international trade and B2C shipments, especially in emerging countries, is considered a positive factor influencing the demand in the Courier, Express, and Parcel market. Additionally, technological advancement and utilization of digital technology through a crowdsourced delivery model is expected to increase market demand. Rapid urbanization, increased customer spending, and an increase in the manufacturing sector are foreseen to drive market growth. International trade, globalization, free trade zones, export processing zones, special economic zones and the development of government initiatives are likely to dominate the Courier, Express, and Parcel market. The CEP market is growing at a modest rate with significant growth in recent years, and the market is estimated to grow significantly over the forecast period. Also, the growth of the e-commerce industry has significantly changed the global Courier, Express, and Parcel (CEP) market scenario. As the prevalence of this electronic commerce increases, the demand of the Courier, Express, and Parcel market increases. Courier, Express, and Parcel market is transforming supply chain and logistics markets after starting digitization in this industry. The development of cross-border trade channels, especially in emerging countries, has improved the adoption of international trade and B2C shipping. Additionally, market growth is accelerating as consumer preferences for online shopping through various e-commerce portals increase. E-commerce stores partner with courier service providers to deliver products to national and international locations. Additionally, technological advancements such as leveraging digital technologies in conjunction with collaborative delivery models are creating positive prospects for the market. These technologies help service providers increase overall operational efficiency and effectively meet customer requirements. Other factors are expected to further develop the market, including rapid urbanization, increasing consumer spending capacity, and significant growth in the manufacturing sector.
Courier and parcel services have experienced a high growth rate around the world in recent years. The growing segment of e-commerce is an important factor influencing the growth of the market. In recent years. The e-commerce sector is leasing to increase business opportunities for transportation of goods and products. The evolution of technology is reshaping the entire supply chain and reinventing the courier industry. Technology is becoming a major driving force to increase efficiency and meet consumer expectations. The increased growth of the Courier, Express, and Parcel market is estimated mainly in developing countries due to the increase in international trade between regions, the increase of Internet-based services and the increase in the number of smartphones among users. This has led to an increase in e-commerce sales, an increase in the middle-class population and disposition income, and an increase in the standard of living. Besides, the growing trend of omnichannel retail in various countries and increasing economic growth is another factor influencing the market. Additionally, CEP companies have begun to integrate last-mile offerings into their existing services. Final mile delivery is an important part of logistics, as the cost of final mile delivery accounts for nearly half the cost of the supply chain. The increasing demand to meet customer expectations by providing services on time has created a huge demand in the market. The growing demand for technological advancements to increase efficiency and meet customer expectations is expected to lead the Courier, Express, and Parcel market worldwide.
Restraints
Inefficiencies caused by a lack of adequate infrastructure and technology can limit the growth of the global Courier, Express, and Parcel markets.
Market Segmentation Analysis
This global market research report is segmented and sub-segmented into the following categories:
The Business to Consumer (B2C) segment is considered to be growing due to the increase in cross-border online shopping and e-commerce sales. The B2B segment is expected to grow as commodity and product transactions between multiple organizations around the world increase.
The international sector is expected to occupy the highest share as online sales and e-commerce services grow across borders. This segment is followed by the domestic segment and is supposed to create a high market share.
The service sector is responsible for the trade in goods between banking, financial services and insurance (BFSI) units in different regions. The wholesale and retail trade sector includes e-commerce units, cross-border trade of goods and products.
The coronavirus pandemic has disrupted the global food chain supply. The impact of the COVID-19 on the food system, especially in China, has caused a loss of market demand. The food and beverage industry faces many problems mainly due to closures and transportation restrictions. Social distancing and home maintenance orders are further closing restaurants and food chains, negatively impacting the Courier, Express, and Parcel market.
Regional Analysis
Asia Pacific is expected to be one of the fastest growing regions in the market due to its high population growth, higher disposition income and standard of living. Demand for Courier, Express, and Parcel services in the Asia Pacific region is expected to show high growth during the foreseen period due to high population growth, rising disposable income and living standards, and growth in international trade. As the government focuses on the development of the manufacturing industry in each country and global companies build manufacturing bases in the region, international trade in each country is increasing which is leading to increase the market growth. The region's retail sector is also growing rapidly.
Leading Companies
Major Courier, Express, and Parcel market players includes Deutsche Post AG, Aramex PJSC, La Poste SA, Fedex Corporation, Poste Italiane SpA., Pos Malaysia Berhad, Qantas Courier Limited, PostNL NV, SF Express Co. Ltd., Royal Mail Group Plc, Singapore. Post Ltd., SG Holdings Co. Ltd., Yamato Transport Co and United Parcel Service Inc.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Courier, Express and Parcel (CEP) Market, By Business
6.1.1 Business to Consumer (B2C)
6.1.2 Business to Business (B2B)
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Courier, Express and Parcel (CEP) Market, By Destiantion
6.2.1 International
6.2.2 Domestic
6.2.3 Market Size Estimations & Forecasts (2021-2026)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Courier, Express and Parcel (CEP) Market, By End-User
6.3.1 Wholesale and Retail Trade
6.3.2 Services
6.3.3 Construction
6.3.4 Manufacturing
6.3.5 Utilities
6.3.6 Primary Industries
6.3.7 Market Size Estimations & Forecasts (2021-2026)
6.3.8 Y-o-Y Growth Rate Analysis
6.3.9 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Business
7.2.3 By Destiantion
7.2.4 By End-User
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Business
7.3.3 By Destiantion
7.3.4 By End-User
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Business
7.4.3 By Destiantion
7.4.4 By End-User
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Business
7.5.3 By Destiantion
7.5.4 By End-User
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Business
7.6.3 By Destiantion
7.6.4 By End-User
8. Key Player Analysis
8.1 Deutsche Post AG
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Aramex PJSC
8.3 La Poste SA
8.4 Fedex Corporation
8.5 Poste Italiane SpA
8.6 Pos Malaysia Berhad
8.7 Qantas Courier Limited
8.8 PostNL NV
8.9 SF Express Co. Ltd
8.10 United Parcel Service Inc
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
