Market Size of thailand courier, express, and parcel (cep) Industry
Study Period | 2017 - 2030 | |
Market Size (2024) | USD 2.63 Billion | |
Market Size (2030) | USD 3.99 Billion | |
Largest Share by Destination | Domestic | |
CAGR (2024 - 2030) | 7.20 % | |
Fastest Growing by Destination | International | |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Thailand Courier, Express, and Parcel (CEP) Market Analysis
The Thailand Courier, Express, and Parcel (CEP) Market size is estimated at 2.63 billion USD in 2024, and is expected to reach 3.99 billion USD by 2030, growing at a CAGR of 7.20% during the forecast period (2024-2030).
2.63 Billion
Market Size in 2024 (USD)
3.99 Billion
Market Size in 2030 (USD)
4.38 %
CAGR (2017-2023)
7.20 %
CAGR (2024-2030)
Fastest Growing Market by Speed of Delivery
8.31 %
Projected CAGR, Express, 2024-2030
Express delivery service is growing rapidly due to the expansion of air delivery services and the introduction of more fast, convenient, and affordable delivery services.
Fastest Growing Market by Model
9.35 %
Projected CAGR, Business-to-Consumer (B2C), 2024-2030
E-commerce, specifically mobile e-commerce in the country, is a major facilitator for the growth of the B2C model that generates significant delivery demand.
Largest Market by Shipment Weight
57.95 %
value share, Light Weight Shipments, 2023
Delivery of online orders for goods like groceries and fashion items is leading the segment's growth in the country.
Largest Market by End User Industry
35.06 %
value share, E-Commerce, 2023
Thailand is one of the most rapidly growing countries in terms of internet and mobile usage, generating domestic and international delivery demand.
First Leading Market Player
17.55 %
market share, DHL Group, 2022
DHL offers Same Day services, which provides fast collection and door-to-door delivery. Also, DHL Express Thailand operates 71 electric vehicles in Thailand.
Domestic segment is dominating largely due to demand from B2B e-commerce and other e-commerce segments
- E-commerce was a major driver for the growth of the domestic and international CEP markets in 2022. Electronics , personal and household, food and beverages and toys, hobby & DIY products were major CEP delivery demand generators . Owing to growing e-commerce and increasing demand, the CEP value is projected to register a CAGR of 6.56% during 2023-2029.
- Under the domestic segment, business-to-business (B2B) e-commerce in Thailand is growing rapidly due to internet development and mobile transformation. The sectors utilizing e-commerce platforms to increase productivity in 2021 included food, comprising mainly the grocery and service sectors, with 31%, manufacturing with 16%, and retail and wholesale with 15%. There is significant demand for e-commerce services from Bangkok and other provinces, such as Nonthaburi and Chonburi. All these factors combined are significantly boosting the CEP market in Thailand.
- An increase in domestic e-commerce sellers would potentially boost the volume of e-commerce sales in the country. Cross-border e-commerce consumes almost 32% of the overall e-commerce market in Thailand. The top three overseas sales destinations for Thai products are China, Japan, and the United States. This balance may shift as domestic Thai merchants are looking to capitalize on the opportunities of having a digital sales presence. As of 2021, the top five e-commerce sites were Shopee, Lazada, Kaidee, AliExpress, and Amazon, all seller platforms with advanced logistics and delivery infrastructure. The value of the international CEP market is projected to register a CAGR of 6.80% during 2023-2029.
Thailand 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 was a major driver for the growth of the domestic and international CEP markets in 2022. Electronics , personal and household, food and beverages and toys, hobby & DIY products were major CEP delivery demand generators . Owing to growing e-commerce and increasing demand, the CEP value is projected to register a CAGR of 6.56% during 2023-2029.
- Under the domestic segment, business-to-business (B2B) e-commerce in Thailand is growing rapidly due to internet development and mobile transformation. The sectors utilizing e-commerce platforms to increase productivity in 2021 included food, comprising mainly the grocery and service sectors, with 31%, manufacturing with 16%, and retail and wholesale with 15%. There is significant demand for e-commerce services from Bangkok and other provinces, such as Nonthaburi and Chonburi. All these factors combined are significantly boosting the CEP market in Thailand.
- An increase in domestic e-commerce sellers would potentially boost the volume of e-commerce sales in the country. Cross-border e-commerce consumes almost 32% of the overall e-commerce market in Thailand. The top three overseas sales destinations for Thai products are China, Japan, and the United States. This balance may shift as domestic Thai merchants are looking to capitalize on the opportunities of having a digital sales presence. As of 2021, the top five e-commerce sites were Shopee, Lazada, Kaidee, AliExpress, and Amazon, all seller platforms with advanced logistics and delivery infrastructure. The value of the international CEP market is projected to register a CAGR of 6.80% during 2023-2029.
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 |
Thailand Courier, Express, and Parcel (CEP) Market Size Summary
The Thailand Courier, Express, and Parcel (CEP) market is experiencing significant growth, driven primarily by the surge in e-commerce activities. The domestic and international CEP sectors are expanding due to increased demand for delivery services in various sectors such as electronics, food and beverages, and household goods. The rapid development of internet infrastructure and mobile technology has further fueled the growth of business-to-business e-commerce, particularly in urban areas like Bangkok and surrounding provinces. The market is also benefiting from the rise in cross-border e-commerce, with Thai products being exported to key markets such as China, Japan, and the United States. The logistics sector, a crucial component of the CEP market, is being bolstered by substantial government investments in transportation infrastructure, including roads, railways, and ports, aimed at enhancing the efficiency and competitiveness of supply chains.
The CEP market in Thailand is moderately consolidated, with major players like DHL Group, FedEx, Flash Express, J&T Express, and Thailand Post dominating the landscape. These companies are actively expanding their service networks and enhancing delivery capabilities through strategic partnerships and technological advancements. The market's growth trajectory is supported by the increasing volume of e-commerce sales and the expansion of logistics facilities, which are expected to make supply chains more reliable across various industries. Despite challenges such as fluctuating fuel prices and economic pressures, the CEP market is poised for continued expansion, driven by the ongoing digital transformation and the growing importance of international trade services.
Thailand Courier, Express, and Parcel (CEP) Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes Market Value in USD, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Destination
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1.1.1 Domestic
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1.1.2 International
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1.2 Speed Of Delivery
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1.2.1 Express
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1.2.2 Non-Express
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1.3 Model
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1.3.1 Business-to-Business (B2B)
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1.3.2 Business-to-Consumer (B2C)
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1.3.3 Consumer-to-Consumer (C2C)
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1.4 Shipment Weight
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1.4.1 Heavy Weight Shipments
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1.4.2 Light Weight Shipments
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1.4.3 Medium Weight Shipments
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1.5 Mode Of Transport
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1.5.1 Air
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1.5.2 Road
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1.5.3 Others
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1.6 End User Industry
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1.6.1 E-Commerce
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1.6.2 Financial Services (BFSI)
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1.6.3 Healthcare
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1.6.4 Manufacturing
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1.6.5 Primary Industry
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1.6.6 Wholesale and Retail Trade (Offline)
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1.6.7 Others
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Thailand Courier, Express, and Parcel (CEP) Market Size FAQs
How big is the Thailand Courier, Express, and Parcel (CEP) Market?
The Thailand Courier, Express, and Parcel (CEP) Market size is expected to reach USD 2.63 billion in 2024 and grow at a CAGR of 7.20% to reach USD 3.99 billion by 2030.
What is the current Thailand Courier, Express, and Parcel (CEP) Market size?
In 2024, the Thailand Courier, Express, and Parcel (CEP) Market size is expected to reach USD 2.63 billion.