In-Depth Exploration of the Courier, Express, and Parcel (CEP) Market: Enriching Industry Understanding, Envisioning Trends, Evaluating Growth Catalysts, and Forecasting Advancements from 2023 to 2030.
Report Ocean has recently released a comprehensive research report on the global Courier, Express, and Parcel (CEP) Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
Global Courier, Express, and Parcel (CEP) Market is valued approximately USD $$ million in 2022 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030.
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The Courier, Express, and Parcel (CEP) can be defined as a collection of services that involves the delivery of various goods and products through land, air, or waterways across various destinations. Parcel refers to the goods being sent, and Courier is the company handling the entire shipping process from collection to delivery. Whereas express defined as time bound delivery of parcels. The rising expansion of e-commerce sector and increasing utilization of digital technologies as well as Strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to India Brand Equity Forum (IBEF) – as of 2022, the Indian ecommerce market is valued at USD 74.8 billion, and the Indian e-commerce market is expected to grow to USD 350 billion by 2030. Moreover, as per U.S. Census Bureau estimates – during 1st quarter of 2021, retail e-commerce sales in USA valued at USD 196.7 billion and it further increased to USD 231.4 billion in First quarter of 2022. Furthermore, recent strategic initiatives from leading market players such as new service launces, and acquisitions would influence the growth of the Global Courier, Express, and Parcel (CEP) Market.
For instance, in June 2021, Delhivery, a fulfillment platform for digital commerce, launched a Consumer-to-Consumer (C2C) express parcel service. This service enables an individual to have a parcel picked from their doorstep and get it delivered to throughout the country. This new service would be rolled out in over 2,500 cities in India. Moreover, in August 2021, Delhivery acquired Bengaluru based Spoton Logistics to strengthen its business to business (B2B) vertical. Also, growing industrialization in emerging markets coupled with rising growth of cross border trade in post covid era are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a high operational cost associated with CEP services impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Courier, Express, and Parcel (CEP) Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing logistics and transportation sector and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of e-commerce sector and increasing penetration of leading parcel delivery companies in the region, would create lucrative growth prospects for the global Courier, Express, and Parcel (CEP) Market across the Asia Pacific region.
Major market players included in this report are:
- ZTO Express
- FedEx
- DTDC
- United Parcel Service
- Bring Couriers
- TNT Express
- Deutsche Post DHL
- Aramex
- SF Express
- One World Express
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Business
B2B (Business-to-Business)
B2C (Business-to-Consumer)
By Destination
Domestic
International
By End User
Services
Wholesale and Retail Trade
Manufacturing
Construction
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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This report covers several key questions related to the global Courier, Express, and Parcel (CEP) market, including:
- What can be expected for the Courier, Express, and Parcel (CEP) market in the next decade?
- What are the primary drivers of growth in the global Courier, Express, and Parcel (CEP) market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Courier, Express, and Parcel (CEP) market vary based on the size of the end market?
- What is the breakdown of Courier, Express, and Parcel (CEP) by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Courier, Express, and Parcel (CEP) market?
The Key Points Covered in the Table of Contents:
Overview: This section provides a concise summary of the report, offering a high-level understanding of the global Courier, Express, and Parcel (CEP) Market. It serves as an introduction, providing insights into the nature and contents of the research study.
Market Analysis: The research study accurately and reliably forecasts the market share of key segments within the Courier, Express, and Parcel (CEP) Market. This analysis enables industry participants to make strategic investments in the significant growth areas of the Food Container Market.
Analysis of Leading Players’ Strategies: Market participants can utilize this report to gain a competitive advantage over their rivals in the Courier, Express, and Parcel (CEP) Market. It offers an in-depth analysis of the strategies employed by leading players, enabling others to develop effective strategies and stay ahead in the market.
Regional Growth Analysis: The report covers all major regions and countries relevant to the Courier, Express, and Parcel (CEP) Market. The regional analysis facilitates market players in identifying untapped regional markets, devising unique regional strategies, and comparing the growth patterns across different regions.
Market Forecasts: Purchasers of this report gain access to precise and validated estimations of the overall market size in terms of both value and volume. The study also includes comprehensive forecasts for consumption, production, sales, and other pertinent factors related to the Courier, Express, and Parcel (CEP) Market.
Our Courier, Express, and Parcel (CEP) Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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