The Business Research Company’s report on the Courier, Express And Parcel (CEP) Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the courier, express and parcel (cep) market’s growth in recent years?
The growing e-commerce sector is expected to propel the growth of the courier, express, and parcel (CEP) market going forward. The e-commerce sector refers to the buying and selling of goods and services over the internet, which has become an integral part of modern commerce. The expansion of the e-commerce sector is driven by factors like growing internet penetration, increasing consumer preference for online shopping, the rise of digital payment solutions, and advancements in logistics and supply chain management. The Courier, Express, and Parcel (CEP) sector supports e-commerce by enabling fast, reliable, and efficient delivery of goods, enhancing customer satisfaction, and streamlining supply chain operations. For instance, in November 2023, according to a report published by the U.S. Census Bureau, a division of the United States Department of Commerce, in the third quarter of 2023, retail e-commerce sales in the United States amounted to approximately $284.1 billion, reflecting a growth of 2.3% compared to the second quarter of 2023. Therefore, the growing e-commerce sector is driving the growth of the courier, express, and parcel (CEP) market.
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How does the future projection of the courier, express and parcel (cep) market size compare to its historical growth?
The courier, express, and parcel (CEP) market size has grown strongly in recent years. It will grow from $470.74 billion in 2024 to $512.43 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to the rise of e-commerce, globalization of trade, expansion of urban delivery networks, growth in cross-border shipments, and increasing consumer demand for fast shipping.
The courier, express, and parcel (CEP) market size is expected to see strong growth in the next few years. It will grow to $712.69 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to increasing demand for same-day delivery, expansion of last-mile delivery solutions, rising consumer expectations for convenience, growth of omnichannel retailing, and increasing regulatory requirements for delivery services. Major trends in the forecast period include the integration of drone and autonomous vehicle deliveries, growing integration of last-mile delivery models, technological innovations in courier services, crowd-shipping platforms, and use of blockchain for secure parcel tracking.
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Which key players are shaping the future of the courier, express and parcel (cep) market?
Major companies operating in the courier, express and parcel (CEP) market are United Parcel Service Inc. (UPS), DHL Group, FedEx Corporation, SF Express (Group) Co. Ltd., Nippon Express Co. Ltd., Yamato Transport Co. Ltd., Royal Mail Group Limited, SG Holdings Co. Ltd., YTO Express Group Co. Ltd., General Logistics Systems Group, Qantas Airways Limited, Singapore Post Limited, TNT Express, Aramex, Delhivery, Blue Dart Express Ltd., Spee-Dee Delivery Service Inc., Pos Malaysia Berhad, CitySprint, Tuffnells Parcels Express, DPEX Worldwide Express (S) Pte Ltd., One World Express Inc. Ltd.
What trends will propel the growth and evolution of the courier, express and parcel (cep) market?
Major companies operating in the courier, express, and parcel (CEP) market are adopting a strategic partnership approach to enhance technology integration and expand market reach. A strategic partnership typically refers to a collaborative relationship between two or more organizations combining their resources, expertise, and efforts to achieve common goals or objectives. For instance, in September 2024, FedEx Corporation, a US-based transport company, announced a strategic alliance and investment in Nimble, a US-based AI robotics company, to enhance its FedEx Fulfillment services with autonomous e-commerce fulfillment technology. This partnership aims to streamline supply chain operations, improve efficiency, and accelerate order processing using Nimble’s AI-driven robotics.
Which regions are expected to become dominant players in the courier, express and parcel (cep) market?
North America was the largest region in the courier, express, and parcel (CEP) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the courier, express and parcel (CEP) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the courier, express and parcel (cep) market, and how are they evolving?
The courier, express and parcel (CEP) market covered in this report is segmented –
1) By Service: Standard Delivery, Express Delivery, Same-Day Delivery, Last-Mile Delivery
2) By Business Model: Business-To-Business (B2B), Business-To-Consumer (B2C), Customer-To-Customer (C2C)
3) By Destination: Domestic, International
4) By Mode Of Transport: Roadways, Airways, Railways, Waterways
5) By End Use: E-commerce, Healthcare, Manufacturing, Wholesale And Retail, Other End Users
Subsegments:
1) By Standard Delivery: Domestic Standard Delivery, International Standard Delivery, B2B Standard Delivery, B2C Standard Delivery, C2C Standard Delivery
2) By Express Delivery: Domestic Express Delivery, International Express Delivery, Time-Definite Express, Heavyweight Express
3) By Same-Day Delivery: Retail And E-commerce Same-Day Delivery, Food And Grocery Same-Day Delivery, Pharmaceutical And Healthcare Same-Day Delivery, Document And Legal Same-Day Delivery
4) By Last-Mile Delivery: Urban Last-Mile Delivery, Rural Last-Mile Delivery, Autonomous Or Drone Last-Mile Delivery, Crowdsourced Last-Mile Delivery
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What defines the structure and scope of the courier, express and parcel (cep) market?
Courier, express, and parcel (CEP) services involve the transportation and delivery of packages, documents, and goods. Couriers offer fast, often same-day delivery with tracking, while express services ensure expedited shipping, usually within 24-72 hours. Parcel services handle bulk shipments with standard delivery times at economical rates.
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