Courier, Express And Parcel (CEP) Market Size, Share, Opportunities, COVID-19 Impact, And Trends BY Customer TYPE (B2B, B2C, C2C), By Items (Medical Supplies, Household Items, Mails, Luggage, Others), By Destination (Domestic, International), By Transport Medium (Air Transport, Road Transport, Sea Transport), By End User (Medical & Healthcare, Retail & E-Commerce, Manufacturing, Food & Beverages, Others), And By Geography - Forecasts From 2023 To 2028

Courier, express, and parcel (CEP) market is projected to grow at a CAGR of 7.68% to reach US$734.054 billion in 2028 from US$437.414 billion in 2021.

Courier, express, and parcel is the terms used in the logistics industry to describe different types of delivery services. Couriers typically provide fast and secure delivery of small parcels, documents, and other items and often use small vans for transportation, and can offer same-day or next-day delivery options. Express services are similar to courier services, but they are often used for larger or more urgent shipments that require faster delivery times, they can operate both domestically and internationally, and they often use air freight to transport goods quickly. Parcel services are used for larger shipments, such as boxes or packages, that may not be time-sensitive and often use ground transportation. The courier, express, and parcel market has various applications in different industries, including retail and e-commerce, medical and healthcare, manufacturing, and food & beverages. The growth of e-commerce, globalization, and technological advancements in logistics and transportation will drive the courier, express, and parcel market.

The growing international trade will boost the growth of the courier, express, and parcel market.

International trade continues to grow with the increasing demand for fast and reliable cross-border delivery services and the decrease in trade barriers and the complexity of global supply chains will increase the need for efficient logistics and transportation solutions. Courier, express, and parcel services provide opportunities for international trade to expand their services and reach new customers in emerging markets. Courier, express, and parcel companies that offer end-to-end logistics services, including warehousing, customs clearance, and transportation, are likely to see increased demand for their services due to growing demand in international trade. According to the United Nations Conference on Trade and Development (UNCTAD), with a new free trade agreement covering one-third of the global economy, the Asia-Pacific alliance established a new center of gravity for international commerce that will remove 90% of tariffs between 15 East Asian and Pacific nations and increase intraregional exports by $42 billion. According to the UNCTAD, global trade was expected to be about 25% higher in 2022 than it was in 2019. This illustrates that the increase in international trade will boost the growth of the courier, express, and parcel market.

The growing logistics and e-commerce activities will boost the growth of the courier, express, and parcel market.

The increasing popularity of online shopping has led to a rise in demand for fast, reliable delivery services and has made courier, express, and parcel companies offer specialized expertise in parcel delivery and logistics. The rise of e-commerce has created new opportunities for logistics providers, as retailers and marketplaces seek to optimize their supply chains and improve delivery times. Overall, the growth of logistics and e-commerce activities is expected to drive strong demand for courier, express, and parcel services in the coming years. According to the Indian Brand Equity Foundation (IBEF), the government e-marketplace (GeM) platform has processed 12.28 million orders of Rs. 334,933 crores (US$ 40.97 billion) for 62,247 buying organizations from 5.44 million registered sellers and service providers as of November 2022. According to the United Nations Conference on Trade and Development (UNCTAD), by 2023, online sales are projected to account for 22% of all retail sales worldwide, up from 14.1% in 2019. This demonstrates that the courier, express, and parcel market has a great demand.

During the forecast period, the North American region is expected to hold a significant market share.

North America is home to some of the largest e-commerce companies in the world, including Amazon, Walmart, and eBay, and the region's well-established transportation and logistics infrastructure drives the courier, express, and parcel market. In January 2022, the Mexican government announced the construction of a new logistics hub in Yucatan with an investment of $90 million and the hub will be equipped with technology and infrastructure to provide efficient and reliable logistics services to businesses in the region. In 2022, the US government announced a modernization program for the Customs and Border Protection (CBP) agency, aimed at improving the efficiency and effectiveness of customs processes, and this initiative is expected to benefit courier, express, and parcel companies by reducing processing times and costs. In August 2020, the Canadian government announced a $2 billion investment in the Trade and Transportation Corridors Initiative to support the development of transportation infrastructure, including highways, railways, and ports to improve transportation and logistics infrastructure. These factors all add to the courier, express, and parcel market growth in the North American region.

Key Developments

• September 2022: Smartr Logistics has introduced a unique Ground Express service, 'Wheelex' offering express door-to-door logistics service in addition to its existing Air Express (Aerex) products.
• June 2021: UPS has acquired Delivery Solutions, whose platform offers same-day delivery options and will create new solutions to speed up growth for our customers by improving end-to-end online shopping experiences.
• June 2021: Delhivery, a fulfillment platform for digital commerce in India, has introduced a Consumer-to-Consumer (C2C) express parcel service and this service essentially allows a person to have a parcel picked from their doorstep and get it delivered to anybody in the country.

Courier, Express and Parcel (CEP) Market Scope:

Segmentation:

• By Customer Type
  • B2B
  • B2C
  • C2C
• By Items
  • Medical Supplies
  • Household Items
  • Mails
  • Luggage
  • Others
• By Destination
  • Domestic
  • International
• By Transport Medium
  • Air Transport
  • Road Transport
  • Sea Transport
• By End User
  • Medical & Healthcare
  • Retail & E-Commerce
  • Manufacturing
  • Food & Beverages
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Other