Courier Express and Parcel (CEP) Market Size, Share, Growth and Global Industry Analysis, By Type (Land Logistics and Aviation and Maritime), By Application (For Business and For Personal), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Courier Express And Parcel (CEP) Market Report Overview

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The global courier express and parcel (CEP) market size is expected to be USD 537030 million in 2022 and is projected to touch USD 884447.36 million by 2031, exhibiting a CAGR of 5.7% during the forecast period.

The term courier express parcel (CEP) is an acronym for logistical services offered by courier express package services. The speed, volume, weight, and method used to ship the items are all different in the service providers' offers. Strong standardization and significant automation potential are provided by the laws governing weight and volume, in particular. The market of courier express and parcel (CEP) is divided into business-to-business (B2B) and business-to-consumer (B2C) segments, domestic and international destinations, end users (facilities, wholesale and retail trade, mass production, development and utilities, and primary industries), and geographic regions.

COVID-19 Impact: Increase in Requirement for Medical Supplies and Internet Shopping Provided Opportunities for the Delivery Services Industry 

The global COVID-19 pandemic has been unprecedented and staggering; with the courier express and parcel (CEP) market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to courier express and parcel (CEP) market growth demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 epidemic has had a favorable effect on the courier express and parcel (CEP) market all around the world. Increasing need for medical supplies, medications, and large machinery in hospitals created multiple chances for the delivery services industry. The COVID-19 immunization process demanded prompt express delivery and a robust supply network, which created numerous opportunities for market participants. Every sector was affected by the pandemic. However, the pandemic spurred internet shopping, thus influencing the courier express and parcel (CEP) industry's growth in a beneficial fashion and growing its market share.

LATEST TRENDS

"Introduction of Electric Delivery Cars by FedEx Corp to Reduce the Carbon Footprints"

FedEx Corp. reported receiving its first 150 electric delivery cars from BrightDrop, a General Motors (GM) technology startup that is reducing the carbon footprint of last-mile delivery, in June 2022. This is an important turning point for FedEx since it wants to convert its whole package collection and delivery fleet to all-electric, zero-emission vehicles by 2040. It also happens to be a few months after BrightDrop commercialized the Zevo600, which was GM's fastest-selling car in history when it was released.

Courier Express And Parcel (CEP) Market Segmentation

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• By Type

Based on type, the market is distributed into Land Logistics and Aviation and Maritime

• By Application

Based on application, the market is divided into For Business and For Personal 

DRIVING FACTORS

"Expansion of the E-commerce Industry and Technological Improvements help in Expanding the Market"

One of the main drivers of the courier express and parcel (CEP) market growth is the expanding e-commerce industry, which is also contributing to the expansion of cross-border trade. The growth of cross-border trade routes, particularly in developing countries, has accelerated the uptake of global commerce and B2C deliveries. Additionally, the desire of consumers to purchase online through various e-commerce platforms is boosting the market's expansion. To ship their goods to domestic and foreign regions, e-commerce stores collaborate with courier service providers. A good picture for the business is also being created by technological improvements, especially the use of digital technology with crowd-sourced distribution models. These technologies help service companies increase their overall operational effectiveness and successfully meet consumer needs.

"Use of Robotic Packaging Helps Small and Medium Businesses to Enter into New Markets"

Retail vendors can increase productivity across their whole shipping process by utilizing robotic packaging and transporting goods systems. A further benefit is that expanding into new markets has become more appealing for small and medium sized enterprises (SMEs) as more local and trade agreements are being signed involving governments and customs unions. The emergence of a millennial, urban population that is increasingly reliant on technology is blamed for the quick growth of cross-border e-commerce.

RESTRAINING FACTORS

"Challenges Associated with Courier Delivery Services can Hinder with the Broadening of the Market"

A popular method for sending heavy objects is through courier services. The use of courier services is not without its drawbacks, though. First of all, courier services might be costly. Furthermore, packages take longer than regular mail to get where they're going. Finally, if something goes wrong, it may be difficult to find them. These elements may also limit the market growth of the courier express and parcel (CEP)

Courier Express And Parcel (CEP) Market Regional Insights

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"Utilization of Electronics will help Asia Pacific to lead in the Market"

Due to rapid population growth, rising disposable incomes and level of life, and expansion in global trade, the demand for courier express and parcel (CEP) services in the Asia Pacific region is anticipated to experience rapid increase over the forecast period. The governments of the countries are putting more effort into growing their manufacturing industries, and multinational corporations are establishing production facilities in the area, which is boosting commerce internationally and is anticipated to continue to do so in the future. Additionally, the region's retail industry is expanding quickly.

The resurgence of the manufacturing sector and anticipated economic growth are predicted to fuel the worldwide courier express and parcel (CEP) market share. Electronics are becoming more widely used in Asian nations including China, Korea, and Thailand. The courier express and parcel (CEP) sector will profit from this, as well as the expansion of a variety of online payment options, the changing lifestyles brought on by urbanization, and the surge in electronic products, autos, and beverage and food shipments.

KEY INDUSTRY PLAYERS

"Investments and Taking Over of Start-Ups by Large Firms to Secure their Positions in the Market"

The industry is fragmented with fierce competition because there are numerous national postal operators, international aggregators, as well as other minor, privately-owned courier express and parcel (CEP) firms. Companies are getting increasingly competitive to seize the enormous opportunity as the requirement for courier express and parcel (CEP) services increases quickly in developing nations. International players are investing strategically to create a nationwide logistics network, constructing new distribution facilities and intelligent warehouses. Multinational corporations with a comparably advanced infrastructure pose a significant threat to local businesses. As more start-ups join the market to take advantage of digital technology, there is a tendency for large firms to acquire these start-ups to increase their market share.

List of Market Players Profiled

• USPS (U.S.)
• UPS (U.S.)
• Deutsche Post DHL Group (Germany)
• FedEx (U.S.)
• Nippon Express (Tokyo)
• Ryder System (U.S.)
• DSV Panalpina (Denmark)
• China Post (China)
• Seino Transportation (Japan)
• SF Express (China)
• YTO Express (China)
• ZTO Express (China)
• STO Express (China)
• Yunda Express (China)
• Delhivery (India)
• The Courier Guy (South Africa)

REPORT COVERAGE

This report covers the courier express and parcel (CEP) market. The CAGR expected to be in during the forecast period, and also the USD value in 2022 and what it is expected to be in 2028. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.