Home / Royal Mail / Courier, Express, and Parcel (CEP) Market to Grow by USD 188.1 Billion (2025-2029), Rise in FTAs to Drive Investments and Boost Revenue, with AI Redefining the Market

Courier, Express, and Parcel (CEP) Market to Grow by USD 188.1 Billion (2025-2029), Rise in FTAs to Drive Investments and Boost Revenue, with AI Redefining the Market

NEW YORK, Feb. 10, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global courier, express, and parcel (CEP) market  size is estimated to grow by USD 188.1 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  7.2%  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., Hermes Europe GmbH, India Post, Japan Post Holdings Co. Ltd., Korea Post, La Poste, Nippon Express Holdings Inc., One World Express Inc. Ltd., Royal Mail Group Ltd., SF Express Co. Ltd., Singapore Post Ltd., United Parcel Service Inc., United States Postal Service, and Yamato Transport Co. Ltd..

Technavio has announced its latest market research report titled Global Courier, Express, And Parcel (CEP) Market 2025-2029

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2025-2029

Base Year

2024

Historic Data

2019 – 2023

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., Hermes Europe GmbH, India Post, Japan Post Holdings Co. Ltd., Korea Post, La Poste, Nippon Express Holdings Inc., One World Express Inc. Ltd., Royal Mail Group Ltd., 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 integration of last-mile delivery models with logistics vendors is a significant factor fueling growth in the Courier, Express, and Parcel (CEP) market. The instant delivery segment is gaining popularity, leading to substantial investments in startups and venture firms. Most new startups focus on food preparation and delivery services. E-commerce companies are introducing new delivery models, such as hub-and-spoke and last-mile delivery (LMD), to offer a diverse range of delivery options to customers. LMD models consist of postal mail run, crowd shipping, courier delivery, and delivery to lockers. With the e-commerce demand, there is a proportional increase in parcel delivery demand. To meet this demand, logistics vendors are integrating LMD models into their offerings, providing regular delivery, same-day delivery, instant delivery, and additional services. Price is the primary consideration for over half of online customers, who prefer the most cost-effective delivery option. However, for certain products like medicines and groceries, customers are hesitant to make online purchases due to longer delivery times. To differentiate themselves, major e-commerce players, including Amazon, Myntra, eBay, and Flipkart, are focusing on faster delivery services. This intensifying competition among e-commerce providers is driving alliances with market vendors and is expected to boost market growth during the forecast period.


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