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.

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.

What is Courier, Express and Parcel (CEP)?

Courier, Express, and Parcel (CEP) services constitute an essential industry focused on the delivery of goods, documents, and parcels in a timely and reliable manner. At the core of CEP services is the commitment to efficiency, speed, and security in transportation logistics. Key features of this sector include various delivery options like overnight shipping, tracking capabilities, and specialized services for sensitive or valuable items. The industry also places emphasis on sustainable practices and technological advancements, such as route optimization and electronic proof of delivery, to ensure reliability and minimize environmental impact. An efficient CEP service framework incorporates robust logistics management, streamlined operational workflows, and customer-oriented service offerings, along with the flexibility to adapt to market demands.

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

The increasing need for rapid delivery solutions and the rising trend of e-commerce are driving the growth of the courier, express, and parcel market. Moreover, advancements in logistics technologies, including real-time tracking and automated sorting systems, are serving as significant accelerators for market expansion. In line with this, growing consumer expectations for quick, traceable, and secure parcel deliveries are magnifying the importance of innovative and efficient CEP services, thereby propelling the market growth.

Alongside this, limitations in traditional logistics models, such as delays and lack of transparency, have led to heightened demand for smarter, tech-enabled solutions. Industry players and regulatory bodies are intensifying their focus on adopting digital transformation strategies and smart logistics technologies, thus accelerating the market growth. Furthermore, sustainability initiatives and regulations aimed at reducing the carbon footprint are shaping a favorable market environment on a global scale.

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)

Breakup by Destination:

  • Domestic
  • International

Breakup by Type:

  • Air
  • Ship
  • Subway
  • Road

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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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