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Courier, Express, and Parcel (CEP) Market to Reach $749 Billion by 2031: Allied Market Research

Allied Market Research
Allied Market Research

The factors propelling the growth of the global courier, express, and parcel (CEP) market are increase in international trade across regions, rise in internet-based services, growing number of smartphone users, continuous enhancement of the e-commerce industry, and growth in demand for the fast delivery of packages. Based on mode of transportation, the roadways segment held the largest share in 2021, accounting for more than two-fifths of the global courier, express, and parcel market.

Portland, OR, Dec. 05, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global courier, express, and parcel (CEP) market generated $407.7 billion in 2021, and is estimated to reach $749.0 billion by 2031, witnessing a CAGR of 6.3% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.

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CEP Market Report Coverage & Details:

Report Coverage

Details

Forecast Period

2022­–2031

Base Year

2021

Market Size in 2021

$407.7 Billion

Market Size in 2031

$749.0 Billion

CAGR

6.3%

No. of Pages in Report

305

Segments Covered

Business, Destination, End User, Mode of Transportation, and Region

Drivers

Increase in international trade across regions

Rise in internet-based services

Growing number of smartphone users

Continuous enhancement of the e-commerce industry

Growth in demand for the fast delivery of packages

Opportunities

Continuous developments in delivery services and emergence of last-mile deliveries coupled with logistics automation.

Restraints

Improper infrastructure & increased logistics costs and uncontrolled nature of logistics services.

Covid-19 Scenario:

  • Courier, express, and parcel firms were directly impacted by the COVID-19 pandemic.

  • As an integral part of value chains, both within and across international borders, courier, express, and parcel firms facilitate trade & commerce and help businesses get their products to customers. Hence, the supply chain disruptions due to the pandemic impacted the competitiveness, economic growth, and jobs loss in the courier, express, and parcel industry.

  • However, growth in the e-commerce sector significantly impacted the substantial parcel shipping volumes as expected.

The report offers a detailed segmentation of the global courier, express, and parcel (CEP) market based on business, destination, end user, mode of transportation, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.

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Based on business, the B2B segment held the largest share in 2021, accounting for nearly three-fifths of the global courier, express, and parcel (CEP) market share, and would maintain its dominance during the forecast period. However, the B2C segment is estimated to witness the fastest CAGR of 6.9% during the forecast period. The report also analyzes the C2C segment.

Based on destination, the domestic segment held the largest share in 2021, accounting for more than half of the global courier, express, and parcel (CEP) market, and would rule the roost through 2031. However, the international segment is estimated to witness the fastest CAGR of 7.0% during the forecast period.

Based on end user, the services segment held the largest share in 2021, accounting for nearly one-third of the global courier, express, and parcel (CEP) market, and would lead the trail during the forecast period. However, the wholesale and retail segment is estimated to witness the fastest CAGR of 7.4% during the forecast period. The report also studies the manufacturing, construction and utilities, and primary industries segments.

Based on mode of transportation, the roadways segment held the largest share in 2021, accounting for more than two-fifths of the global courier, express, and parcel (CEP) market, and would maintain its leadership during the forecast period. The airways segment, however, is estimated to witness the fastest CAGR of 10.0% during the forecast period. The report also includes the railways and waterways segments.

Based on region, the market in Asia-Pacific was the largest in 2021, accounting for two-fifths of the global courier, express, and parcel (CEP) market share, and is likely to mintain its leadership status during the forecast period. The same segment is expected to manifest the highest CAGR of 7.7% from 2022 to 2031. The other regions analyzed in the study include Europe, North America, and LAMEA.

Leading players of the global courier, express, and parcel (CEP) market analyzed in the research include ARAMEX, DHL, FedEx, One World Express Inc. Ltd., Poste Italiane, PostNL Holding B.V., Qantas Airways Limited, Royal Mail Group Limited, SF Express, Singapore Post Limited, United Parcel Service of America, Inc., and Yamato Transport Co., Ltd.

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Similar Reports We Have on Logistics Industry:

Courier Services Market Size To Surpass $658.3 Billion by 2031

Same Day Delivery Market Size To Garner $20.36 Billion by 2027

Express Delivery Market Size To Reach $484.38 billion by 2030

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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