In 2020, the global courier, express, and parcel industry was valued at US$ 368.5 billion in 2020, and it is predicted reach US$ 524.32 billion by 2026 at a CAGR of 5.2% from 2021 to 2026.
CEP stands for Courier, Express, and Parcel, and it is used to transport parcels and documents to a variety of consumers. Express delivery is a time-bound delivery in which a package is delivered in no more than two days. The term courier, on the other hand, refers to a person or company that delivers messages, packages, and mail. Safe parcel delivery, cost-effective service, and the ability of a parcel tracking system are all advantages of using these services. Technology is reshaping the whole supply chain and redefining the sector. By simplifying the way things are transported, the courier and delivery company is 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 some value-added services to enhance the user's delivery experience.
MARKET DRIVERS
The courier, express, and parcel industry have seen remarkable growth in recent years all around the world. A major factor influencing market growth is the rising E-commerce sector. In the recent past, the e-commerce industry is expanding 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, the growth of 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, as well as the rise in economic growth. Furthermore, CEP firms have begun to integrate last-mile delivery into their existing 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 requirement for technological advancements to improve efficiency and meet customer expectations. However, inefficiencies caused by a lack of sufficient infrastructure and technology may limit the growth of the Global Courier, Express, and Parcel (CEP) Market.
Market Segmentation
The B2B sector dominated the market and is expected to continue to do so 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. During the projected period, this is expected to fuel the courier express and parcel market. Due to increased demand for e-commerce businesses, the focus is shifting from business to business (B2B) to business to consumer (B2C).
The overseas shipment sector of the market will increase at a much faster rate 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 in a very short time with the required efficiency, even though it is more expensive to customers.
Product trading between the Banking, Financial Services, and Insurance (BFSI) entities in various locations is handled by the services segment. The Wholesale and Retail Trade section includes the e-commerce sector as well as the cross-border trade of goods and products. The manufacturing, construction, and utility section 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.
By value, Asia-Pacific is the largest regional market, accounting for around 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 large 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 sector will gain from this, as well as the increased availability of different online payment methods, changing lifestyles owing to urbanisation, and the development in 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 have a substantial impact on 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 centres, whereas other small nations with a high population density, such as Austria and Denmark, have also boosted their proportion of international business.
Market Leaders
FedEx and DHL are the leading companies of the global courier, express and parcel (CEP) market.
Key Players
Impact of COVID-19 on Courier, Express and Parcel (CEP) Market
Recent Developments
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 B2B
6.1.2 B2C
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 Destination
6.2.1 Domestic
6.2.2 International
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 Services
6.3.2 Wholesale and Retail Trade
6.3.3 Manufacturing
6.3.4 Construction
6.3.5 Utilities and Primary Industries
6.3.6 Market Size Estimations & Forecasts (2021-2026)
6.3.7 Y-o-Y Growth Rate Analysis
6.3.8 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Courier, Express and Parcel (CEP) Market, by Region
7.2 North America - Market Analysis (2021 - 2026)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Business
7.2.3 By Destination
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 Destination
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 Destination
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 Destination
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 Destination
7.6.4 By End-User
8. Key Player Analysis
8.1 United Parcel Service
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 SF Express
8.3 Poste Italiane
8.4 TNT
8.5 Blue Dart
8.6 Gati
8.7 DTDC
8.8 Aramex
8.9 La Poste
8.10 Yamato Transport Co
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
