NEW
YORK, June 28, 2024 /PRNewswire/ -- The global
courier, express and parcel (CEP) market size is estimated to
grow by USD 165 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 6.8% during the forecast period. Rise in
ftas to drive investments in courier, express, and parcel markets
in emerging economies is driving market growth, with a trend
towards growing integration of last-mile delivery models with
courier, express, and parcel companies. However, increasing threat
from sharing-based business models poses a challenge. Key
market players include Allied Express Transport Pty Ltd., Aramex
International LLC, Canada Post Corp., Deutsche Post AG, DTDC
Express Ltd., FedEx Corp., First Flight Courier Ltd., India Post, Japan Post Holdings Co. Ltd., Korea
Post, La Poste, Nippon Express Holdings Inc., One World Express
Inc. Ltd., Otto GmbH and Co. KG, Royal Mail Plc, SF Express Co.
Ltd., Singapore Post Ltd., United Parcel Service Inc., United
States Postal Service, and Yamato Transport Co. Ltd..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Consumer (B2B, B2C, and
C2C), Delivery (International and Domestic), and Geography (APAC,
North America, Europe, Middle East and Africa, and South
America)
|
Region
Covered
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Key companies
profiled
|
Allied Express
Transport Pty Ltd., Aramex International LLC, Canada Post Corp.,
Deutsche Post AG, DTDC Express Ltd., FedEx Corp., First Flight
Courier Ltd., India Post, Japan Post Holdings Co. Ltd., Korea Post,
La Poste, Nippon Express Holdings Inc., One World Express Inc.
Ltd., Otto GmbH and Co. KG, Royal Mail Plc, SF Express Co. Ltd.,
Singapore Post Ltd., United Parcel Service Inc., United States
Postal Service, and Yamato Transport Co. Ltd.
|
Key Market Trends Fueling Growth
The last-mile delivery (LMD) model integration with e-commerce
vendors is a significant market trend, driven by the increasing
demand for instant delivery services. This growth is particularly
noticeable in the instant delivery market, where high capital
investments are being made in startups and venture firms. The
e-commerce sector is responding by introducing new delivery models,
such as hub-and-spoke and LMD, to cater to customer needs. These
models include postal mail run, crowd shipping, courier delivery,
and delivery to lockers. Despite the popularity of instant
delivery, price remains a key decision factor for over half of
online customers. However, for certain product categories like
medicines and groceries, customers prefer traditional purchasing
methods due to longer delivery times. To differentiate themselves,
major e-commerce players like Amazon, Myntra, e-bay, and Flipkart
are focusing on faster delivery services, leading to increased
alliances with logistics vendors and market growth during the
forecast period.
The Courier, Express and Parcel (CEP) market is currently
experiencing significant growth, driven by the increasing demand
for fast and reliable delivery services. Domestic and international
shipping volumes are on the rise, with a particular focus on
e-commerce and business-to-business transactions. Technologies such
as automation and real-time tracking are trending, allowing for
more efficient and transparent operations. Delivery companies are
also expanding their networks and services, offering new options
like same-day and overnight delivery. Additionally, the use of
manufacturing hubs and distribution centers is becoming more common
to reduce delivery times and costs. Overall, the CEP market is
evolving to meet the changing needs of consumers and businesses
alike.
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Market Challenges
- The Courier, Express, and Parcel (CEP) market is highly
competitive, with new players, including startups and merging
companies, entering the scene. These new entrants utilize
technology and attractive freight rates to gain an edge. The
logistics industry's potential for technological advancements, such
as robotics and ICT, remains untapped due to digitalization and
labor training challenges. Partnerships between industry players
and technology providers, as well as global companies' entry, are
driving the CEP industry's digital transformation, leading to cost
savings, improved efficiency, and service quality assurance. This
transformation may pose a threat to market growth in the forecast
period.
- The Courier, Express and Parcel (CEP) market faces several
challenges in providing efficient and reliable services. One major
challenge is the increasing demand for faster delivery times,
particularly in the e-commerce sector. Another challenge is the
need to maintain a large and dispersed network of delivery centers
and transportation fleets to ensure timely delivery. Domestic and
international regulations also pose challenges in terms of
compliance and documentation requirements. Additionally, the rise
of digital technologies and automation necessitates significant
investment in IT infrastructure and systems upgrades. Markets can
be segmented based on services offered, such as on-demand,
scheduled, and same-day delivery, and by regions including
North America, Europe, Asia
Pacific, and others. Competition is intense, with major
players including UPS, FedEx, DHL, and TNT, among others.
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challenges - Download a Sample Report
Segment Overview
This courier, express and parcel (cep) market report extensively
covers market segmentation by
- Consumer
- Delivery
- 2.1 International
- 2.2 Domestic
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 B2B- The B2B segment of the Courier,
Express, and Parcel (CEP) market involves business transactions for
procurement of raw materials or finished goods. This sector
contributes significantly to the supply chain and is growing
moderately due to e-commerce expansion and Internet penetration.
E-commerce solutions enhance B2B efficiency with features like
custom pricing, catalogs, and streamlined checkout. The B2B
e-commerce model is being adopted, leading to direct sales and
cross-border trade. However, complexities from increased e-commerce
volume, instant delivery demands, and return shipment management
pose challenges for CEP service providers. Despite these hurdles,
investments from B2B companies in direct selling methods and
cross-border trade in emerging economies fuel market growth.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Courier, Express and Parcel (CEP) market caters to various
sectors, including retail customers, government agencies, and both
business and individual clients. This industry offers efficient and
reliable delivery solutions for parcels and documents via air,
water, land, ensuring safe delivery options and timely delivery.
The market is particularly crucial for international trade,
providing trackability and immediate delivery solutions for
critical items such as medical supplies, legal documents, and
perishable goods. Cross-border e-commerce and international parcel
deliveries are significant growth areas, with distribution
industries relying on CEP services for efficient and timely
delivery of parcel shipments. Emergency CEP services are also
essential for delivering critical items in a time-sensitive manner.
Potential clients in various industries look for CEP services that
offer timely, secure, and cost-effective delivery options for their
parcels and documents.
Market Research Overview
The Courier, Express and Parcel (CEP) market is a significant
sector in the logistics industry, focusing on the timely
transportation of documents, packages, and freight. This market
caters to various sectors, including e-commerce, healthcare, and
government, among others. The demand for CEP services is driven by
factors such as increasing urbanization, e-commerce growth, and the
need for efficient supply chain management. The market is
characterized by intense competition and innovation, with players
offering various services such as real-time tracking, priority
delivery, and customized solutions. The CEP industry is also
leveraging technology, including automation, artificial
intelligence, and the Internet of Things (IoT), to enhance
operational efficiency and customer experience. Additionally,
sustainability is becoming a key focus area, with players exploring
alternative fuel options and implementing carbon-neutral
practices.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Consumer
-
- Delivery
-
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio