Courier, Express, and Parcel (CEP) Market size was valued at USD 407.7 billion in 2021, growing at a CAGR of 6.3%from 2022 to 2032: Evolve Business Intelligence

Courier, express, and parcel (CEP) services deliver parcels and documents to several customers, such as retail customers, government agencies, and business customers. It contains the delivery of several goods and products through different mediums such as air, water, and land across regions. The service operator delivers non-palletized packages and charges a specific rate based on the set's weight and the urgency of delivery of the package. Presently, the courier, express, and parcel (CEP) service providers are fast traction across the globe owing to safe delivery options, cost-effectiveness, and parcel tracking facilities.

The driving factor of the Courier, Express, and Parcel (CEP) Market are:
• Increase in E-Commerce Sector to Boost the CEP Market

E-commerce is one of the foremost factors driving the market growth. Rapid development in its online/ e-commerce market, more important levels of extra cash, and augmented internet penetration have made India among the best three fastest developing markets for parcel shipment.

• Growing consumer preference for shopping online through various e-commerce portals

The global Courier, Express, and Parcel (CEP) Market size was valued at USD 407.7 billionin 2021 growing at the CAGR of 6.3%from 2022 to 2032. Evolve Business Intelligence provides an in-dept research study that contains the ability to focus on the major market dynamics in several region across the globe. Moreover, a details assessment of the market is conducted by our analysts on various geographic including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to provide clients with opportunity to dominate the emerging markets. The Courier, Express, and Parcel (CEP) Market study includes growth factors, restraining factors, challenges, and Opportunities which allows the businesses to assess the market capability of the industry. The report delivers market size from 2020 to 2032 with forecast period of 2022 to 2032. The report also contains revenue, production, sales consumption, pricing trends, and other factors which are essential for assessing any market.

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Key Highlights:
• The global Courier, Express, and Parcel (CEP) Market size was valued at USD 407.7 billion in 2021 growing at the CAGR of 6.3%from 2022 to 2032.
• North America dominated the market in 2021
• Asia Pacific is expected to grow at a highest CAGR from 2022 to 2032

Key Players
The Courier, Express, and Parcel (CEP) Market report gives comprehensive information about the company and its past performance. The report also provides a detail market share analysis along with product benchmarking with key developments.

The key players profiled in the report are:
• Instakart Services (ekart logistics)
• Gati Ltd.
• DHL
• DTDC Express
• Delhivery
• Safexpress
• Ecom Express
• FedEx
• India Post
• Overnite Express

The Global Courier, Express, and Parcel (CEP) Market report also includes information on company profiles, product descriptions, revenue, market share data, and contact details for several regional, global, and local companies. Due to increased technological innovation, R&D, and M&A operations in the sector, the market is becoming more popular in particular niche sectors. Additionally, a large number of regional and local vendors in the Courier, Express, and Parcel (CEP) Market provide specialised product offerings according to geographical regions in keeping with the global manufacturing footprint. Due to the reliability, quality, and technological modernity of the worldwide suppliers, it is difficult for the new market entrants to compete.

COVID Impact
In terms of COVID 19 impact, the Courier, Express, and Parcel (CEP) Market report also includes the following data points:
● COVID19 Impact on Courier, Express, and Parcel (CEP) Market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in the Aviation Lubricants market

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Scope of the Report:

Market Segment By Business:
o Business to Business (B2B)
o Business to Consumer (B2C)

Market Segment By Destination:
o Domestic
o International

Market Segment By End User:
o Services
o Wholesale and Retail Trade
o Manufacturing
o Construction

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Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of MEA)
● Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
● Asia Pacific is anticipated to be one of the largest rising regions for the market due to the high population growth, increase in disposal incomes and standard of living. and international trade

Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and oppotunities
• Competitive Intelligence providing the understanding about the ecosystem
• Details analysis of Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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