Courier, Express and Parcel (CEP) service provides safe and cost-effective delivery of luggage, packages, documents and other things worldwide. The CEP market are expected to see to reach US$ XX.XX billion by 2024 from US$ XX.XX billion in 2018 with CAGR of XX.XX%. This report consists of market landscape, in-depth competitor analysis, driver, restraints, growth rate and forecast from 2019 to 2024.
Development of free trade zones, international trade, special economic zone, export processing zone, globalization and government initiatives are expected to dominate the CEP market. Further, the growth in the e-commerce industry has changed the global scenario of CEP market drastically. CEP market is transforming the supply chain and logistics market after starting digitization in this industry. Moreover, the lack of supply chain visibility and technology infrastructure are the challenging factors for this market.
The growing penetration of ecommerce is resulting in a rise in the demand for CEP market. The International shipment segment of the market will expand at a much faster rate than the domestic market due to its widening scope in the global market. Air transport service is becoming more popular in CEP market for delivering in a very short span of time with the desired efficiency although it costs higher to consumers.
North America and Asia-Pacific region hold major share in CEP market. The Asia-pacific market is believed to see significant growth due to the rising urban population, increase in presence of international e-commerce companies, surging startups in the logistics industry, increase in internet users, rise in economic condition and looking globalization of business. China, India and Japan will dominate CEP market during the forecast period because these countries are investing more in this sector.
Some important global players in CEP market are FedEx Corporation, United Parcel Service Inc, Deutsche Post DHL Group, Singapore Post Ltd, and SG Holdings Co. Ltd, among others.
The CEP Market has been analyzed through the following segments:
By Customer Type
By Transport medium
By End User
Food and beverages
United States of America
Middle East and Africa
United Arab Emirates
Distribution and transmission companies
Consulting companies in the energy and power sector
Government utility providers
Power forecasting companies
Key insights offered
What will be the CEP market size from 2019 to 2024?
How are the major drivers and restraints affecting the CEP market?
CEP market growth and the opportunities which exist for key vendors?
Which segment and region will lead the CEP market growth and why?
A comprehensive analysis of the competitive landscape and key market participants’ behaviour in the CEP market.
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth for CEP.