Press release
Courier, Express And Parcel (CEP) Market to Surpass $703.33 Billion by 2029 | Key Trends & Insights
Courier, Express And Parcel (CEP) Market
How Will the Courier, Express And Parcel (CEP) Market Grow by 2025 in Terms of Size and Growth?
In recent times, the courier, express, and parcel (CEP) market has seen considerable growth. Expected to increase from $470.74 billion in 2024 to $508.25 billion in 2025, the market predicts a compound annual growth rate (CAGR) of 8.0%. Factors contributing to this growth during the historic period include a rise in e-commerce, the globalization of trade, the expansion of urban delivery networks, an increase in cross-border shipments, and amplified consumer demands for swift shipping.
What Are the Estimated Growth Rates for the Courier, Express And Parcel (CEP) Industry Through 2029?
Expectations are high for a substantial surge in the courier, express and parcel (cep) market size in the upcoming years, with a prediction to reach $703.33 billion in 2029, marking an 8.5% compound annual growth rate (CAGR). Factors prompting this potential growth include the growing need for same-day deliveries, advances in last-mile delivery systems, heightened consumer expectations for convenience, the rise in omnichannel retailing, and stricter regulations for delivery services. The forecast period also points towards trending integrations such as drone and autonomous vehicle deliveries, increasing incorporation of last-mile delivery schemas, technological breakthroughs in courier services, the emergence of crowd-shipping platforms, and the application of blockchain technology for secure parcel tracking.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/courier-express-and-parcel-cep-global-market-report
What Are the Strategic Drivers Boosting Courier, Express And Parcel (CEP) Market Performance?
The expansion of the courier, express, and parcel (CEP) market is anticipated to be spurred by the ongoing upswing in the e-commerce industry. Modern trade significantly relies on e-commerce, which encompasses online purchase and sale of goods and services. Factors propelling the growth of the e-commerce sector include higher internet accessibility, a rise in consumer inclination towards online shopping, the advent of digital payment modes, and improvements in logistics and supply chain management. The CEP sector facilitates e-commerce through the swift, trustworthy, and efficacious conveyance of goods, thereby improving customer appeasement and optimizing supply chain procedures. For instance, a report from the U.S. Census Bureau, a division of the United States Department of Commerce, revealed that in November 2023, the US online retail sector witnessed revenues of around $284.1 billion in the third quarter, reflecting a 2.3% increase from the preceding quarter. Hence, the surge in the e-commerce field is propelling the growth of the courier, express, and parcel (CEP) market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=21427&type=smp
What Are the Segments in the Courier, Express And Parcel (CEP) Market?
The courier, express and parcel (cep) market covered in this report is segmented -
1) By Service: Standard Delivery, Express Delivery, Same-Day Delivery, Last-Mile Delivery
2) By Business Model: Business-To-Business (B2B), Business-To-Consumer (B2C), Customer-To-Customer (C2C)
3) By Destination: Domestic, International
4) By Mode Of Transport: Roadways, Airways, Railways, Waterways
5) By End Use: E-commerce, Healthcare, Manufacturing, Wholesale And Retail, Other End Users
Subsegments:
1) By Standard Delivery: Domestic Standard Delivery, International Standard Delivery, B2B Standard Delivery, B2C Standard Delivery, C2C Standard Delivery
2) By Express Delivery: Domestic Express Delivery, International Express Delivery, Time-Definite Express, Heavyweight Express
3) By Same-Day Delivery: Retail And E-commerce Same-Day Delivery, Food And Grocery Same-Day Delivery, Pharmaceutical And Healthcare Same-Day Delivery, Document And Legal Same-Day Delivery
4) By Last-Mile Delivery: Urban Last-Mile Delivery, Rural Last-Mile Delivery, Autonomous Or Drone Last-Mile Delivery, Crowdsourced Last-Mile Delivery
What Are the Key Adoption Trends in the Courier, Express And Parcel (CEP) Market?
Leading corporations in the courier, express, and parcel (CEP) market are gravitating towards strategic alliances as a way to bolster technological integration and broaden their market footprint. In essence, a strategic partnership is a cooperative endeavor by multiple organizations pooling their resources, specialist knowledge, and concerted efforts for shared aims or targets. For example, in September 2024, FedEx Corporation, an American transportation firm, declared a strategic collaboration and investment in Nimble, an AI robotics firm based in the US. This is aimed at augmenting its FedEx Fulfillment services with self-directed e-commerce fulfillment technology from Nimble. The intent of this partnership is to simplify the supply chain processes, elevate efficiency, and hasten order processing through the use of Nimble's artificial intelligence-enabled robotics.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=21427&type=smp
Which Companies Lead the Competitive Landscape of the Courier, Express And Parcel (CEP) Industry?
Major companies operating in the courier, express and parcel (CEP) market are United Parcel Service Inc. (UPS), DHL Group, FedEx Corporation, SF Express (Group) Co. Ltd., Nippon Express Co. Ltd., Yamato Transport Co. Ltd., Royal Mail Group Limited, SG Holdings Co. Ltd., YTO Express Group Co. Ltd., General Logistics Systems Group, Qantas Airways Limited, Singapore Post Limited, TNT Express, Aramex, Delhivery, Blue Dart Express Ltd., Spee-Dee Delivery Service Inc., Pos Malaysia Berhad, CitySprint, Tuffnells Parcels Express, DPEX Worldwide Express (S) Pte Ltd., One World Express Inc. Ltd.
Where Are the Key Courier, Express And Parcel (CEP) Market Opportunities by Region?
North America was the largest region in the courier, express, and parcel (CEP) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the courier, express and parcel (CEP) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Courier, Express And Parcel (CEP) Market to Surpass $703.33 Billion by 2029 | Key Trends & Insights here
News-ID: 4176712 • Views: …
More Releases from The Business Research Company
Emerging Trends to Reshape the Global Fitness App Market: Revolutionizing Person …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Fitness App Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The scale of the fitness app market has seen significant expansion in the past few years. It's projected to accelerate from a value of $14.66 billion in 2024 to a staggering $17.71 billion in 2025,…
2025-2034 Enterprise Quantum Computing Market Evolution: Disruptions, Innovation …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Enterprise Quantum Computing Market Through 2025?
The market size of enterprise quantum computing has seen rapid expansion in the past few years. It is projected to escalate from $3.76 billion in 2024 to an impressive $4.78 billion in 2025, exhibiting a compound…
Global Emotion Detection And Recognition Market Projected to Grow at 16.1% CAGR, …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Emotion Detection And Recognition Industry Market Size Be by 2025?
The market size of emotion detection and recognition has seen a swift growth in the recent years. It is projected to expand from $27.64 billion in 2024 to $31.19 billion in 2025, with a Compound Annual…
Global Digital Transformation Industry Outlook 2025-2029: Market Set to Cross $4 …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Digital Transformation Market Size By 2025?
The rapid expansion of the digital transformation market in recent years has been notable. The market, which was valued at $1755.44 billion in 2024, is set to climb to a staggering $2105.59 billion in 2025, reflecting a compound annual…
More Releases for Express
Express Delivery Market 2019 by Top Companies Analysis-FedEx, Deutsche Post DHL, …
Global “Express Delivery Market” attempts to offer significant and thoughtful insights into the existing market situation and the developing growth dynamics. The report on Express Delivery Market also offers the market players as well as the new contenders a comprehensive view of the market landscape. The complete research will enable the well-established as well as the emerging players to establish their business policies and accomplish their goals.
Get Sample Copy of…
Express Delivery Market: Emerging Trends & Growing Popularity | KY Express, SF E …
A latest study released by HTF MI on Global Express Delivery Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of Express Delivery market. The study provides historical data (i.e. Volume** & Value) from 2013 to 2018 and forecasted till 2025*. Some are the key & emerging players that are part…
Courier, Express and Parcel (CEP) Market Trends, Analysis, 2019 Key Players: All …
The Research Report Presents a Comprehensive Assessment of the Courier, Express and Parcel (CEP) Market and Contains Qualitative and Quantitative Insights, Historical and Forecasted Data, Competitor and Regional Analysis from 2019 to 2025.
CEPs are used for the delivery of parcels and documents to various types of customers such as business customers, retail customers, and government agencies. The documents and parcels delivered by the CEP vendors are non-palletized items and weigh…
Courier, Express, and Parcel (CEP) Market 2019: Key Players- SF Expres, EMS, YTO …
Courier, Express, and Parcel (CEP) Industry Market Analysis & Forecast 2018-2023, the revenue is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023. The production is estimated at XX million in 2017 and is forecasted to reach XX million by the end of 2023, growing at a CAGR of…
Last Mile Delivery for E-commerce Market By Top Service Providers Express Mail S …
In this report, LP Information studies the present scenario (with the base year being 2017) and the growth prospects of global Last Mile Delivery for E-commerce market for 2018-2023.
Last mile delivery is defined as the movement of goods from a transportation hub to the final delivery destination. The final delivery destination is typically a personal residence. The focus of last mile logistics is to deliver items to the end user…
Courier, Express, and Parcel (CEP) Market Forecast To 2023 with Key Players SF E …
A report added to the rich database of Qurate Business Intelligence, titled “Global Courier, Express, and Parcel (CEP) Market Analysis & Forecast 2018-2023”, provides a 360-degree overview of the worldwide market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the data reliable…
