Courier, Express and Parcel Market Size, Competitive Analysis, Growth and Forecast 2023-2028

 IMARC Group, a leading market research company, has recently released a report titled “Courier, Express and Parcel (CEP) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global courier, express and parcel market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Courier, Express and Parcel (CEP) Market?

The global courier, express and parcel (CEP) market size reached US$ 415.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 540.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.

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What is Courier, Express and Parcel (CEP)?

Courier, express, and parcel (CEP) refers to a specialized sector within the logistics industry that focuses on the transportation and delivery of various types of packages, documents, and parcels. It encompasses a wide range of services designed to provide efficient and expedited delivery solutions for businesses and individuals. These services are characterized by their speed, reliability, and extensive coverage, enabling timely and secure delivery of goods to both domestic and international destinations. CEP services are widely used by e-commerce platforms and pharmaceutical companies to deliver critical medical supplies, and businesses and individuals for sending packages and parcels to friends, family, or business partners.

What are the Growth Prospects and Trends in the Courier, Express and Parcel Industry?

The exponential growth of e-commerce has revolutionized the retail sector, leading to a surge in online shopping and the subsequent need for reliable and efficient delivery services, which is one of the primary market drivers. In line with this, various companies are investing in advanced logistics technologies, such as automated sorting systems, route optimization software, and real-time tracking capabilities, which are contributing to the market growth. Furthermore, the globalization of trade and cross-border e-commerce has created new opportunities for the CEP market. Apart from this, rising urbanization and changing consumer preferences have fueled the growth of same-day and time-definite deliveries, which in turn is providing a considerable boost to market growth. Other factors, including increasing cross-border e-commerce activities, rising expenditure capacities of consumers, growing strategic partnerships, rapid technological advancements, and several key players actively pursuing eco-friendly initiatives such as electric vehicle adoption, alternative fuels, and packaging optimization, which are supporting the market growth.

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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Who are the Key Players Operating in the Courier, Express and Parcel Market?

The competitive landscape of the industry has also been examined with some of the key players.

• Aramex PJSC
• Deutsche Post AG
• Fedex Corporation
• La Poste SA
• Pos Malaysia Berhad
• Poste Italiane SpA.
• PostNL NV
• Qantas Courier Limited
• Royal Mail Group Plc
• SF Express Co. Ltd.
• SG Holdings Co. Ltd.
• Singapore Post Ltd.
• United Parcel Service Inc.
• Yamato Transport Co.

What is Included in Market Segmentation?

The report has segmented the market based on service type, destination, type, end-use sector and region.

Breakup by Service Type:

• B2B (Business-to-Business)
• B2C (Business-to-Consumer)
• C2C (Customer-to-Customer)

Based on Destination:

Analysed by Type:

Breakup by End-Use Sector:

• Services (BFSI- Banking, Financial Services and Insurance)
• Wholesale and Retail Trade (E-commerce)
• Manufacturing, Construction and Utilities
• Others

Regional Analysis:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

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Key Highlights of The Report:       

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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