Courier, Express, and Parcel (CEP) Market Synopsis

Courier, Express, and Parcel (CEP) Market Size is Valued at USD 489.71 Billion in 2023, and is Projected to Reach USD 798.37 Billion by 2032, Growing at a CAGR of 6.30% From 2024-2032.

The Courier, Express, and Parcel (CEP) market is a subsector of the logistics sector that deals with the fast and effective transportation of parcels and products. It includes services to domestic and international shipping, satisfying the increasing consumer need for speed and efficiency in the delivery of goods bought online or through conventional stores. Some of the key players in this market are courier services, express delivery services, and parcel delivery services, all of which aim at offering convenient, trackable, and timely delivery services to both business and consumer markets.

• The CEP market is growing rapidly due to the growing online shopping services globally. Due to the development of the internet and online shopping platforms, there is a need for delivery services to be efficient and effective. This is likely to increase soon as more people prefer the ease of shopping online, thus driving the market for CEP.
• Besides e-commerce, the CEP market has also gained from improvements in technology and supply chain solutions. Delivery services have become popular among companies and to improve them, firms are implementing advanced technologies like the right route, real-time location, and automation. These technologies are not only enhancing the performance of the CEP operation but also cutting the cost of operation and increasing the competitiveness of the market for new entrants.

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

The Last Mile Race, Strategies for Success in the CEP Market

• The Courier, Express, and Parcel (CEP) market is currently growing at a fast pace due to the growing popularity of e-commerce services across the globe. The increased use of online shopping has also increased the demand for delivery services to ensure that the products are delivered to the customers as required. This trend is likely to continue as more customers are turning to online shopping as a preferred way of shopping, thus driving the growth of the CEP market.

• However, it is important to note that progress in technology and logistics is also contributing to the growth of the CEP market apart from e-commerce. To improve their delivery services, companies are using new approaches like optimization of routes, tracking of shipments in real-time, and automation. These technological developments are not only benefiting the CEP operations by increasing efficiency but also decreasing the costs and therefore the market is becoming more competitive and appealing to new entrants.

Delivering Success, Growth Opportunities in the CEP Market

• CEP market is undergoing a rapid expansion due to the growth of e-commerce and the need for improved delivery services. With the advent of online shopping, there has been a tremendous increase in the number of parcels that are delivered, and this has made it necessary to develop a complex system of courier services. This trend has been more felt in the urban cities where the buyer wants the product to be delivered within the same day or the next one. Moreover, the globalization of markets has also enhanced global shipments, which has a positive impact on the growth of the CEP market.
• Furthermore, the technological progress is also seen to be influencing the growth of the CEP market in the future. Technological advancements including route optimization software, real-time tracking, and automated sorting systems are improving operational effectiveness and decreasing costs among CEP firms. The overall expectations of the consumers are also changing and this has opened up a lot of possibilities for the companies operating in the CEP market where they can distinguish themselves based on enhanced service quality, unique value propositions, and environmentally friendly approaches. This makes the market a very dynamic one for the players in the industry, where changes in trends and adoption of technology to deliver the best services can be of greater benefit.

Courier, Express, and Parcel (CEP) Market Segment Analysis:

Courier, Express, and Parcel (CEP) Market is segmented on the basis of Service type, Destination, End-User

By Service Type, Express Services segment is expected to dominate the market during the forecast period

• The CEP market, which comprises three main service categories, is an important segment of the logistics sector. Delivery by courier is more local and is usually employed when there is the need to deliver documents or small parcel within a city or region. Express services, in contrast, provide priority services for domestic and international deliveries to meet time-sensitive shipment requirements that take less time to deliver than the regular services. Parcel delivery is all about the movement of large packages and shipments, which is a cheaper way of transporting goods over long distances in business and personal uses. These service types together make up a vibrant and core component of the integrated international transport system, enabling the swift and secure transfer of products and papers.

By Destination, Domestic segment held the largest share in 2023

• The Courier, Express, and Parcel (CEP) market divides its services according to the destination, and they mainly focus on domestic or international shipments. Domestic services are for delivery within the country to provide effective and reliable solutions for the companies and persons who need the delivery services within the country. These services may be required to address the needs of each nation’s domestic market, and this may include differences in regulation and delivery. International services, in contrast, deal with cross-border shipments, offering end-to-end solutions to companies in the global supply chain. These services involve understanding of customs procedures, international shipping laws, and proper channels for delivering goods across continents and on time.

Courier, Express, and Parcel (CEP) Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

• The Asia Pacific CEP market is one of the most competitive and progressive regions of the world in terms of development. The advancement in technology and the growth of e-commerce have led to a growth of the CEP market in Asia Pacific due to the need for fast and efficient delivery services. The Asian market is dominated by countries such as China, India, Japan, and South Korea and represents a significant portion of the market.
• Out of all the countries in the Asia Pacific region, China has proven to be the most influential in the CEP market due to its large population and the rapidly growing e-commerce market. The large distribution network and technological development have also fueled the country’s CEP market. India on the other hand has witnessed growth in the demand for CEP services due to the growing digitalization in the economy and higher adoption of smart phones. In conclusion, the Asia Pacific CEP market is expected to have a favourable growth outlook owing to the factors such as economic development, urbanization, and shifting consumer trends in the region.

Active Key Players in the Courier, Express, and Parcel (CEP) Market

• Yamato Transport Co., Ltd. (Japan)
• FedEx (United States)
• SF Express (China)
• Singapore Post Limited (Singapore)
• Poste Italiane (Italy)
• One World Express Inc. Ltd (United Kingdom)
• Qantas Airways Limited (Australia)
• PostNL Holding B.V. (Netherlands)
• United Parcel Service of America, Inc. (United States)
• DHL (Germany)
• ARAMEX (United Arab Emirates)
• Royal Mail Group Limited (United Kingdom)
• Others

Key Industry Developments in the Courier, Express, and Parcel (CEP) Market

• In September 2023, FedEx has revealed its intentions to establish its inaugural Advanced Capability Community (ACC) in Hyderabad, India, slated for 2023. This initiative aims to bolster the recruitment and training of FedEx's workforce while enhancing delivery services for its clientele.
• In July 2023, DHL Group (Deutsche Post AG) disclosed its acquisition of MNG Kargo, a Turkish parcel delivery provider. This strategic move is aimed at strengthening DHL's European eCommerce parcel network.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SERVICE TYPE (2017-2032)
   1. COURIER, EXPRESS, AND PARCEL (CEP) MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. COURIER SERVICES
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. EXPRESS SERVICES
   5. PARCEL SERVICES
7. COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION (2017-2032)
   1. COURIER, EXPRESS, AND PARCEL (CEP) MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. DOMESTIC
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. INTERNATIONAL
8. COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END-USER (2017-2032)
   1. COURIER, EXPRESS, AND PARCEL (CEP) MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. B2B
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. B2C
   5. C2C
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Courier, Express, and Parcel (CEP) Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. YAMATO TRANSPORT CO., LTD. (JAPAN)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. FEDEX (UNITED STATES)
   4. SF EXPRESS (CHINA)
   5. SINGAPORE POST LIMITED (SINGAPORE)
   6. POSTE ITALIANE (ITALY)
   7. ONE WORLD EXPRESS INC. LTD (UNITED KINGDOM)
   8. QANTAS AIRWAYS LIMITED (AUSTRALIA)
   9. POSTNL HOLDING B.V. (NETHERLANDS)
   10. UNITED PARCEL SERVICE OF AMERICA, INC. (UNITED STATES)
   11. DHL (GERMANY)
   12. ARAMEX (UNITED ARAB EMIRATES)
   13. ROYAL MAIL GROUP LIMITED (UNITED KINGDOM)
10. GLOBAL COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Service Type
       4. Historic And Forecasted Market Size By Destination
       5. Historic And Forecasted Market Size By End-User
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies