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

The India Courier, Express, and Parcel (CEP) market is experiencing significant growth, driven primarily by the expanding e-commerce sector. The increasing internet user base and favorable market conditions are contributing to the substantial potential of the e-commerce industry in India, which is expected to continue its rapid expansion. This growth in e-commerce is directly influencing the market size of the CEP sector, as it boosts domestic and international demand for parcel services. The market's expansion is further supported by the allowance of 100% foreign direct investment in various e-commerce segments, enhancing the overall parcel volumes in the country.

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Market Size of india courier, express, and parcel (cep) Industry

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India Courier, Express, and Parcel (CEP) Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 8.58 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 15.93 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Destination Domestic
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 10.87 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Destination International

Major Players

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

*Disclaimer: Major Players sorted in no particular order

Key Players

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India Courier, Express, and Parcel (CEP) Market Analysis

The India Courier, Express, and Parcel (CEP) Market size is estimated at 8.58 billion USD in 2024, and is expected to reach 15.93 billion USD by 2030, growing at a CAGR of 10.87% during the forecast period (2024-2030).

8.58 Billion

Market Size in 2024 (USD)

15.93 Billion

Market Size in 2030 (USD)

9.00 %

CAGR (2017-2023)

10.87 %

CAGR (2024-2030)

Fastest Growing Market by Speed of Delivery

12 %

Projected CAGR, Express, 2024-2030

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Faster delivery times, the unpredictability of the Indian postal system, and growth in e-commerce have contributed to the steady growth of express delivery modes and companies in India.

Fastest Growing Market by Model

14.14 %

Projected CAGR, Business-to-Consumer (B2C), 2024-2030

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A major contributor to the B2C segment's accelerating growth is internet and smartphone penetration over recent years, primarily attributed to the 'Digital India' program.

Largest Market by Shipment Weight

70.43 %

value share, Light Weight Shipments, 2023

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The delivery demand for medicines and apparel and the rapidly changing landscape of on-demand delivery via quick commerce are majorly driving the segment's growth.

Largest Market by End User Industry

32.83 %

value share, Manufacturing, 2023

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India's manufacturing sector has the potential to reach USD 1 trillion by 2025 and drive the demand for courier, express, and parcel services in the country.

First Leading Market Player

8.02 %

market share, Delhivery Limited, 2022

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Delhivery has a total of 2,904 direct delivery centers, with a presence in every state of India. It has 22 automated sort centers, 96 gateways, and 93 fulfillment centers in India.

Steady demand for CEP market in India largely due to increasing e-commerce penetration

  • E-commerce is a major driver of domestic and international demand for courier, express, and parcel services. Owing to the growing internet user base and favorable market conditions, India has a lot of potential in the e-commerce industry. Growing at an exponential rate, the market value of the e-commerce industry in India was approximately USD 57.45 billion in 2022. This number is estimated to reach USD 107.10 billion by 2027. The current e-commerce penetration rate in 2023 is nearly around 76.7%.
  • In India, 11 parcels per household were produced in 2021. Blue Dart Express was the leading courier service company in India in terms of market capitalization, with approximately USD 2.09 billion during 2021. Allcargo Logistics was the second leading courier company in the country in 2021, with USD 886.97 million. However, the industry was concentrated in 2020, with the top five companies accounting for 59.1% of its total turnover. The total number of companies in the Indian CEP market also increased to 1,168,145 units in 2020.
  • In 2021, the funding for e-commerce amounted to about USD 11 billion in India. This was a significant increase compared to the previous year's funding of USD 900 million. About 100% FDI is allowed under the automatic route in B2B e-commerce in India through the marketplace model of e-commerce. About 100% FDI is allowed under the government approval route for e-commerce from food retail companies, provided products retailed are manufactured and produced in India. All these factors are driving the overall parcel volumes, especially domestic parcel volumes in India.
India Courier, Express, and Parcel (CEP) Market

India Courier, Express, and Parcel (CEP) Industry Segmentation

Domestic, International are covered as segments by Destination. Express, Non-Express are covered as segments by Speed Of Delivery. Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C) are covered as segments by Model. Heavy Weight Shipments, Light Weight Shipments, Medium Weight Shipments are covered as segments by Shipment Weight. Air, Road, Others are covered as segments by Mode Of Transport. E-Commerce, Financial Services (BFSI), Healthcare, Manufacturing, Primary Industry, Wholesale and Retail Trade (Offline), Others are covered as segments by End User Industry.

  • E-commerce is a major driver of domestic and international demand for courier, express, and parcel services. Owing to the growing internet user base and favorable market conditions, India has a lot of potential in the e-commerce industry. Growing at an exponential rate, the market value of the e-commerce industry in India was approximately USD 57.45 billion in 2022. This number is estimated to reach USD 107.10 billion by 2027. The current e-commerce penetration rate in 2023 is nearly around 76.7%.
  • In India, 11 parcels per household were produced in 2021. Blue Dart Express was the leading courier service company in India in terms of market capitalization, with approximately USD 2.09 billion during 2021. Allcargo Logistics was the second leading courier company in the country in 2021, with USD 886.97 million. However, the industry was concentrated in 2020, with the top five companies accounting for 59.1% of its total turnover. The total number of companies in the Indian CEP market also increased to 1,168,145 units in 2020.
  • In 2021, the funding for e-commerce amounted to about USD 11 billion in India. This was a significant increase compared to the previous year's funding of USD 900 million. About 100% FDI is allowed under the automatic route in B2B e-commerce in India through the marketplace model of e-commerce. About 100% FDI is allowed under the government approval route for e-commerce from food retail companies, provided products retailed are manufactured and produced in India. All these factors are driving the overall parcel volumes, especially domestic parcel volumes in India.
Destination
Domestic
International
Speed Of Delivery
Express
Non-Express
Model
Business-to-Business (B2B)
Business-to-Consumer (B2C)
Consumer-to-Consumer (C2C)
Shipment Weight
Heavy Weight Shipments
Light Weight Shipments
Medium Weight Shipments
Mode Of Transport
Air
Road
Others
End User Industry
E-Commerce
Financial Services (BFSI)
Healthcare
Manufacturing
Primary Industry
Wholesale and Retail Trade (Offline)
Others
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India Courier, Express, and Parcel (CEP) Market Size Summary

The India Courier, Express, and Parcel (CEP) market is poised for significant growth, driven primarily by the booming e-commerce sector. With a rapidly expanding internet user base and favorable market conditions, India is becoming a pivotal player in the global e-commerce landscape. The market is characterized by a diverse range of participants, including prominent domestic companies, international giants, and emerging startups focused on e-commerce deliveries. The logistics sector plays a crucial role in facilitating the movement of goods both domestically and internationally, supported by substantial investments and policy measures such as 100% foreign direct investment (FDI) in various sectors. The road transportation sector, which handles the majority of freight and passenger traffic, remains a dominant force, with government and private investments further enhancing connectivity and infrastructure.

The CEP market in India is fragmented, with major players like Blue Dart Express, Delhivery Limited, DHL Group, FedEx, and Instakart Services Private holding significant market shares. Recent developments include strategic expansions and partnerships, such as FedEx's plans to enhance its workforce and delivery services in Hyderabad and UPS's joint venture with InterGlobe Enterprises to launch a new logistics brand. Despite challenges like rising fuel costs and economic fluctuations, the market continues to expand, supported by the increasing demand for efficient logistics solutions and the country's status as a major manufacturing hub in Asia. The ongoing advancements in transportation infrastructure, particularly in rail and road sectors, are expected to further bolster the CEP market's growth trajectory in the coming years.

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

  1. 1. MARKET SEGMENTATION (includes Market Value in USD, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Destination

      1. 1.1.1 Domestic

      2. 1.1.2 International

    2. 1.2 Speed Of Delivery

      1. 1.2.1 Express

      2. 1.2.2 Non-Express

    3. 1.3 Model

      1. 1.3.1 Business-to-Business (B2B)

      2. 1.3.2 Business-to-Consumer (B2C)

      3. 1.3.3 Consumer-to-Consumer (C2C)

    4. 1.4 Shipment Weight

      1. 1.4.1 Heavy Weight Shipments

      2. 1.4.2 Light Weight Shipments

      3. 1.4.3 Medium Weight Shipments

    5. 1.5 Mode Of Transport

      1. 1.5.1 Air

      2. 1.5.2 Road

      3. 1.5.3 Others

    6. 1.6 End User Industry

      1. 1.6.1 E-Commerce

      2. 1.6.2 Financial Services (BFSI)

      3. 1.6.3 Healthcare

      4. 1.6.4 Manufacturing

      5. 1.6.5 Primary Industry

      6. 1.6.6 Wholesale and Retail Trade (Offline)

      7. 1.6.7 Others

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

The India Courier, Express, and Parcel (CEP) Market size is expected to reach USD 8.58 billion in 2024 and grow at a CAGR of 10.87% to reach USD 15.93 billion by 2030.

In 2024, the India Courier, Express, and Parcel (CEP) Market size is expected to reach USD 8.58 billion.

India Courier, Express, and Parcel (CEP) Market Report Snapshots

India Courier, Express, and Parcel (CEP) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030