Market Size of China International Courier, Express, And Parcel (CEP) Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 8.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China International Courier, Express, And Parcel (CEP) Market Analysis
- The Chinese International Courier, Express, and Parcel (CEP) market is valued at USD 67.5 Billion and is estimated to record a CAGR of more than 8% during the forecast period. Every industry in China has been impacted by the pandemic. It has, however, sped up online shopping, which directly benefits the expansion of the Chinese international CEP sector. Due to social segregation efforts, parcel delivery volumes rose during the pandemic. In China, last-mile delivery is undergoing a significant transition as businesses consider alternatives including delivery lockers, pickup stations, crowdsourcing deliveries, drone deliveries, and autonomous cars. The entire supply chain is being transformed by technological advancement, and China's parcel sector is being completely reimagined. Growing efficiency and meeting customer expectations depend more on technology.
- Digitalization has had a significant impact on the market. With the rise of ecommerce, the number of delivered parcels in China more than doubled in the past 10 years. Growth in the e-commerce sector, rising cross-border trade, technological advancements, and crowdsourced delivery models are driving the growth of the Chinese international CEP market.
- China's express delivery industry is showing rapid growth due to the increasing popularity of e-commerce and the mushrooming local logistics networks, empowered by new digital tools. The sector has strong growth potential, as the demand for delivery services is boosting the market. The courier industry has recorded rapid growth over the past five years, benefiting from China's strong economic performance and growing e-commerce expansion.
China International Courier, Express, And Parcel (CEP) Industry Segmentation
CEP (courier, express, and parcel) refers to a set of services that entails the delivery of various commodities and products across many places via land, air, or water. In contrast to courier and parcel services, express deliveries are frequently time-bound, with various high-value consignments arriving in a few days or at a pre-arranged date and time.
The China International Courier, Express, and Parcel (CEP) Market is Segmented By Business Model (Business-to-Business (B2B), Business-to-Consumer (B2C), and Customer-to-Customer (C2C)), By Type (E-commerce and Non-e-commerce), and By End User (Services, Wholesale and Retail Trade, Healthcare, Industrial Manufacturing, and Other End Users). The report offers China International Courier, Express, and Parcel (CEP) Market size and forecast in value (USD billion) for all the above segments.
The report offers a complete analysis of the Chinese international courier, express, and parcel (CEP) market, including a market overview, market size estimation for key segments, emerging trends by segment, and market dynamics. The report also offers the impact of COVID-19 on the market.
China International Courier, Express, And Parcel (CEP) Market Size Summary
The Chinese International Courier, Express, and Parcel (CEP) market is experiencing robust growth, driven by the surge in e-commerce and technological advancements. The pandemic has accelerated the shift towards online shopping, significantly boosting parcel delivery volumes. This shift has prompted a transformation in last-mile delivery solutions, with businesses exploring innovative options such as delivery lockers, pickup stations, and autonomous delivery methods. The market is characterized by rapid digitalization, which has doubled the number of delivered parcels over the past decade. The expansion of cross-border trade and the rise of crowdsourced delivery models further contribute to the market's growth trajectory. China's express delivery industry is benefiting from a burgeoning local logistics network, supported by digital tools that enhance efficiency and meet customer expectations.
China's retail e-commerce market, the largest globally, has been a significant driver of the CEP sector's expansion. The pandemic highlighted the importance of efficient logistics, as e-commerce platforms and couriers rapidly scaled their operations to meet the demands of lockdowns, particularly in major cities like Shanghai. The market's growth is also fueled by the increasing purchasing power in tier 3 and 4 cities, where rural consumers are turning to e-commerce due to limited access to physical retail outlets. Despite the competitive landscape and challenges such as price wars affecting profitability, the market remains fragmented with key players like Shenzhen SF Taisen Holdings, Sure Express, and China Postal Express & Logistics. Strategic acquisitions and expansions, such as J&T Express's acquisition of Shenzhen Fengwang Information Technology and FedEx's new operations center in Guangzhou, underscore the sector's potential for continued growth and innovation.
China International Courier, Express, And Parcel (CEP) Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Current Market Scenario
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1.2 Technological Trends and Automation
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1.3 Government Regulations
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1.4 Overview of the Logistics and Warehousing Market
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1.5 Spotlight on Cross-border Transportation in China
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1.6 Brief on Freight Forwarding Market
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1.7 Value Chain/Supply Chain Analysis
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1.8 Elaboration on Storage Functions and Value-added Services in CEP Business
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1.9 Spotlight on E-commerce Sector
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1.10 Impact of COVID-19 on the CEP Market (Short-term and Long-term Impact on the Market and on the Economy)
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2. MARKET SEGMENTATION
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2.1 By Business
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2.1.1 Business-to-Business (B2B)
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2.1.2 Business-to-Consumer (B2C)
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2.1.3 Customer-to-Customer (C2C)
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2.2 By Type
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2.2.1 E-commerce
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2.2.2 Non-e-commerce
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2.3 By End User
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2.3.1 Services
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2.3.2 Wholesale and Retail Trade
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2.3.3 Healthcare
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2.3.4 Industrial Manufacturing
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2.3.5 Other End Users
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China International Courier, Express, And Parcel (CEP) Market Size FAQs
What is the current China International Courier, Express, and Parcel (CEP) Market size?
The China International Courier, Express, and Parcel (CEP) Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in China International Courier, Express, and Parcel (CEP) Market?
China Postal Express & Logistics Co. Ltd, STO Express Co. Ltd, Shenzhen SF Taisen Holdings (Group) Co. Ltd, Seino Super Express and YTO Express Group Co. Ltd are the major companies operating in the China International Courier, Express, and Parcel (CEP) Market.
