Press release
Courier, Express, And Parcel (CEP) Market Size, Trends, In-depth Analysis, Research Report Forecast up to 2028: Deutsche Post DHL Group and DTDC Express Limited are key players.
The courier, express, and parcel market is expected to grow at a CAGR of 7.68% to reach a market size worth US$734.054 billion by 2028.The prime factors propelling the growth of the courier, express, and parcel market are increasing international trade and expanding e-commerce and logistics activities.
As per the report, the courier, express, and parcel market is expected to grow at a modest pace during the forecast period.
The terms courier, express, and parcel (CEP) are used in the logistics sector to denote various delivery services. Numerous industries, including retail, e-commerce, healthcare, manufacturing, and food and beverage, use courier, express, and parcel services. The need for effective logistics and transportation solutions will grow as trade barriers decline and global supply networks become more complicated. The demand for CEP companies that provide end-to-end logistics services, such as warehousing, customs clearance, and shipping, is projected to increase as global trade becomes more popular. In 2021, according to the United Nations Conference on Trade and Development (UNCTAD), the Asia-Pacific alliance created a new center of gravity for world trade with a new free trade agreement that covers one-third of the global economy, removing 90% of tariffs between 15 East Asian and Pacific countries, and increasing intraregional exports by $42 billion. The rising popularity of online shopping has made CEP companies provide quick delivery services. Retailers and marketplaces are looking to optimize their supply chains and decrease delivery times, giving logistics companies new opportunities. In 2022, in addition to its current Air quick (Aerex) offerings, Smart Logistics has introduced a novel Ground Express service called "Wheelex" that offers prompt door-to-door logistics service. According to the Indian Brand Equity Foundation (IBEF), as of November 2022, 5.44 million registered sellers and service providers had executed 12.28 million orders worth Rs. 334,933 crores (US$ 40.97 billion) for 62,247 buying organizations. This illustrates that the courier, express, and parcel market has a great demand.
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The courier, express, and parcel market has been segmented into customer type, items, destination, transport medium, end-user, and geography.
Based on the customer type, the market has been segmented into B2B, B2C, and C2C.
Based on the items, the market has been segmented into medical supplies, household items, mail, luggage, etc. Based on the destination, the market has been segmented into domestic and international.
Based on the transport medium, the market has been segmented into air, road, and sea transport. Finally, based on the end-user, the market has been segmented into medical & healthcare, retail & E-commerce, manufacturing, food & beverages, and others.
By region, North America is expected to retain a considerable market share as it is home to some of the biggest e-commerce firms in the world, such as Amazon, Walmart, and eBay, and due to the established logistics and transportation systems in the region. In addition, in 2022, the US government announced a modernization program for the Customs and Border Protection (CBP) department to improve the effectiveness and efficiency of customs procedures. This program will assist courier, express, and parcel companies by cutting processing times and costs.
The pandemic led to the closure of factories and warehouses, causing a shortage of goods and delays in shipping. This resulted in a decrease in the volume of packages being shipped, which directly impacted the revenue of CEP companies. Moreover, with social distancing measures, many CEP companies had to reduce the number of workers on their premises, leading to a decrease in productivity. The lack of workforce had also resulted in a delay in the delivery of packages, which had negatively affected the industry's reputation.
The major players covered in the courier, express, and parcel market are Allied Express, Aramex, Courier Express, Deutsche Post DHL Group, DTDC Express Limited, Ecom Express Limited, ETS Transport & Logistics GmbH, FedEx Corporation, Parcelforce Worldwide (Royal Mail Group), SF Express Co. Ltd, SG Holdings Co Ltd., Singapore Post Limited, and United Parcel Service of America Inc.
This Courier, Express, and Parcel Market has been analyzed into the following segments:
• By customer type
o B2B
o B2C
o C2C
• By Items
o Medical Supplies
o Household Items
o Mails
o Luggage
o Others
• By Destination
o Domestic
o International
• By Transport Medium
o Air Transport
o Road Transport
o Sea Transport
• By End-User
o Medical & Healthcare
o Retail & E-Commerce
o Manufacturing
o Food & Beverages
o Others
• By Geography
o North America
• United States
• Canada
• Mexico
o South America
• Brazil
• Argentina
• Others
o Europe
• United Kingdom
• Germany
• France
• Spain
• Others
o Middle East and Africa
• UAE
• Israel
• Saudi Arabia
• Others
o Asia Pacific
• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others
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Global Freight Management Market: https://www.knowledge-sourcing.com/report/global-freight-management-market
Logistics Automation Market: https://www.knowledge-sourcing.com/report/logistics-automation-market
Global Logistics Robots Market: https://www.knowledge-sourcing.com/report/global-logistics-robots-market
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Knowledge Sourcing Intelligence
Phone: +1-850-250-1698
E-Mail: info@knowledge-sourcing.com
Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.
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