Courier, Express, and Parcel (CEP) Market Size (2024 - 2029)

The Courier, Express, and Parcel (CEP) market is experiencing significant growth, driven primarily by the increasing demand from e-commerce and a rising volume of B2C parcel shipments. The market's expansion is particularly notable in developing countries, where factors such as international trade growth, enhanced internet and smartphone penetration, and a burgeoning middle class are contributing to the market's development. While domestic e-commerce sales are outpacing international markets in many regions, the gap is closing in areas like North America and Europe, where interconnectedness and lower trade barriers facilitate this trend. Additionally, the emergence of omnichannel retailing and economic growth are further propelling the CEP industry.

Market Size of Courier, Express, and Parcel (CEP) Industry

Courier, Express and Parcel (CEP) Market - CAGR
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR 10.64 %
Fastest Growing Market Asia Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Courier, Express, and Parcel (CEP) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Courier, Express & Parcel (CEP) Market Analysis

The Courier, Express, and Parcel (CEP) Market size is estimated at USD 457.38 billion in 2023, and is expected to reach USD 758.17 billion by 2028, growing at a CAGR of 10.64% during the forecast period (2023-2028).

Increasing demand through e-commerce is driving the market. Furthermore, there is an increased volume of shipments in terms of parcels in the B2C segment.

  • Growth in the global express markets has been driven by strong domestic e-commerce sales. Domestic markets have been growing more quickly than international markets in most regions, but the gap is narrowing significantly in some regions. The gap between the domestic and international markets is smaller in North America and Europe. In Europe, this is primarily due to the interconnectedness of the market and the lower barriers to international trade. Domestic markets have proved capable of seizing on the opportunities that e-commerce brings.
  • The CEP industry is posting impressive growth in developing countries, driven by the growth in international trade, rising internet and smartphone penetration boosting e-commerce sales, growing middle-class population, disposable incomes, and improved standards of living. Besides e-commerce, the emerging trends of omnichannel retailing in certain countries and growth in trade driven by economic growth are also some of the drivers of the CEP industry. As reported in April 2022, several foreign express giants said that their operations are running as normal, refuting online rumours that delivery companies from Europe and the US are suspending postal and parcel express services in China amid the COVID-19 epidemic. FedEx's international express and freight centre at Shanghai Pudong International Airport has kept operating during the recent outbreak, in a bid to ensure normal export business and promote the recovery and development of global trade.
  • Online retail sales, excluding travel, surpassed USD 1 trillion in 2022 for the first time in history. While online non-travel sales totaled USD 1.09 trillion, e-commerce sales in Q4 reached its highest quarter ever at USD 332.2 billion. E-commerce spending reached record highs during the 2022 holiday season. Consumers spent USD 211.7 billion online from Nov. 1 to Dec. 31, up 3.5% year over year. Among the top product categories during the holidays were toy sales, video games, apparel and accessories.
  • Companies like Lufthansa Cargo have invested in digital capabilities with their e-booking but also want to make their bookings available to others so that API can offer the inventory in their systems. Larger customers would want to incorporate the data into their systems, but smaller customers needed a different approach. SME forwarders might not be as IT-savvy or want to invest, so we also need to be on platforms such as cargo.one or WebCargo, where they can compare rates, routings, stopovers and capacity and make their choice directly. Qatar Airways Cargo has a similar policy. In January 2021, it finally joined Freightos's WebCargo booking platform. Qatar has also signed up for the Validaide Capabilities Platform, which now hosts some 11 airlines. It provides customers with access to information on the special handling capabilities of suppliers. Airlines can digitally manage and share station capabilities for pharma and healthcare products, and customers can see and review them.

Courier, Express & Parcel (CEP) Industry Segmentation

CEP stands as an abbreviation for courier express parcel services that offer logistic services in areas. The offer of the service providers differs in the speed, weight, and volume of the packages and the way of carrying out the shipment of the goods. Especially the regulations regarding weight and volume allow for strong standardization and great potential for automating the service. A complete background analysis of the Courier, Express, and Parcel (CEP) Market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact, is covered in the report.

The Courier, Express, and Parcel (CEP) Market is segmented By Business (B2B, B2C and C2C), Destination (Domestic and International), By End User (Services, Wholesale and Retail Trade, Manufacturing, Construction and Utilities, and Primary Industries), and By Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers the market size and forecasts in value (USD) for all the above segments.

By Business
B2B (Business-to-Business)
B2C (Business-to-Consumer)
C2C (Consumer-to-Consumer)
By Destination
Domestic
International
By End User
Services (BFSI (Banking, Financial Services and Insurance))
Wholesale and Retail Trade (E-commerce)
Manufacturing, Construction, and Utilities
Primary Industries (Agriculture, and Other Natural Resources)
By Geography
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Netherlands
Italy
Rest of Europe
Asia-Pacific
China
Japan
Australia
India
Singapore
Malaysia
Indonesia
Thailand
South Korea
Rest of Asia-Pacific
Rest of the World
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Courier, Express, and Parcel (CEP) Market Size Summary

The Courier, Express, and Parcel (CEP) market is experiencing robust growth, driven primarily by the surge in e-commerce activities. The increasing volume of shipments, particularly in the business-to-consumer segment, is a significant factor propelling the market forward. While domestic e-commerce sales have been the primary driver, the gap between domestic and international markets is narrowing, especially in regions like North America and Europe, where interconnectedness and lower trade barriers facilitate growth. Developing countries are also witnessing impressive growth in the CEP industry, fueled by international trade, rising internet and smartphone penetration, and a growing middle-class population. These factors, combined with the emergence of omnichannel retailing and economic growth, are contributing to the market's expansion.

The global CEP market is characterized by its fragmented and highly competitive nature, with major players like DHL, FedEx, and UPS expanding their operations to capture untapped markets. The market's growth is further supported by technological advancements, such as digital technologies and crowd-sourced delivery models, which enhance operational efficiency and meet customer demands. Rapid urbanization, increasing consumer spending, and significant growth in the manufacturing sector are additional drivers of market expansion. The development of cross-border trade channels, particularly in emerging nations, is enhancing the adoption of international trade and B2C shipments. As e-commerce continues to thrive, the CEP market is poised for continued growth, with companies investing in regional logistics networks and sustainable practices to meet evolving consumer needs.

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Courier, Express, and Parcel (CEP) Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Current Market Scenario

    2. 1.2 Value Chain/Supply Chain Analysis

    3. 1.3 Government Regulations and Initiatives

    4. 1.4 Technological Trends and Automation in the CEP Industry

    5. 1.5 Insights on the E-commerce Industry (Domestic and Cross-border E-commerce)

    6. 1.6 Insights on Startups, Venture Capital Funding in the CEP Industry

    7. 1.7 Brief on Courier Rates

    8. 1.8 Elaboration on Storage Functions and Value-added Services in CEP Business

    9. 1.9 Insights on the Reverse Logistics and Same-day Delivery Market

    10. 1.10 Insights on Deliveries during Festive Season (Christmas, Singles' day, Black Friday, etc.)

    11. 1.11 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Business

      1. 2.1.1 B2B (Business-to-Business)

      2. 2.1.2 B2C (Business-to-Consumer)

      3. 2.1.3 C2C (Consumer-to-Consumer)

    2. 2.2 By Destination

      1. 2.2.1 Domestic

      2. 2.2.2 International

    3. 2.3 By End User

      1. 2.3.1 Services (BFSI (Banking, Financial Services and Insurance))

      2. 2.3.2 Wholesale and Retail Trade (E-commerce)

      3. 2.3.3 Manufacturing, Construction, and Utilities

      4. 2.3.4 Primary Industries (Agriculture, and Other Natural Resources)

    4. 2.4 By Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 France

        3. 2.4.2.3 United Kingdom

        4. 2.4.2.4 Netherlands

        5. 2.4.2.5 Italy

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 Australia

        4. 2.4.3.4 India

        5. 2.4.3.5 Singapore

        6. 2.4.3.6 Malaysia

        7. 2.4.3.7 Indonesia

        8. 2.4.3.8 Thailand

        9. 2.4.3.9 South Korea

        10. 2.4.3.10 Rest of Asia-Pacific

      4. 2.4.4 Rest of the World

Courier, Express, and Parcel (CEP) Market Size FAQs

The Courier, Express, and Parcel (CEP) Market is projected to register a CAGR of 10.64% during the forecast period (2024-2029)

Deutsche Post DHL Group, United Parcel Service Inc., FedEx Corporation, SF Express (Group) Co. Ltd and Poste Italiane SpA are the major companies operating in the Courier, Express, and Parcel (CEP) Market.

Courier, Express, and Parcel (CEP) Market Analysis - Industry Growth, Size & Forecast Report (2024 - 2029)