A11516 | Pages: NA | Jul 2022 | 2411 Views | ||
Author(s) : Sonia Mutreja | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Courier, Express, And Parcel (cep) Market
Request Now !Courier, Express, and Parcel (CEP) are used for delivery of parcels and documents to numerous types of customers such as retail customers, government agencies, and business customers. Express delivery is a time-bound delivery, where a shipment is transported within a maximum of two days. Whereas, the term courier originated from a person or a company who delivers message, package, and mail. Benefits of utilizing these services include safe delivery of parcels, cost-effective service, and ability of parcel tracking system. Evolution of technology is redesigning entire supply chain and reinventing the industry. Courier and delivery business is opening up new opportunities for the e-commerce market by simplifying the way products are delivered.
COVID-19 scenario Analysis:
Growth in the e-commerce sector along with rise in cross-border trade, technological advancements, and crowd-sourced delivery models drive growth of the market. However, delay in supply chain affecting vendor-customer relation is expected to hamper growth of the market. Contrarily, owing to high population growth, rise in disposable incomes and standards of living, growth in international trade in the market, rapid urbanization, increase in consumer expenditure capacities, and growth in the manufacturing industry acts as opportunities for the Courier, Express, and Parcel (CEP) Market growth.
E-commerce industry has transformed the way of business across the globe and offline retailers are also selling products online and providing faster delivery. In business to customer (B2C), new consumer shopping behavior has been emerging and after COVID-19, most consumers who do not shop online are also ordering products online. It has become apparent that online consumers do not care who deliver their goods, as long as they receive them quickly, reasonably, and reliably. Recently, Amazon and DHL have started to deliver products with the help of drones to remote areas and locations that are extremely hard to reach. Most consumers expect delivery free of charge and are also ready to pay a premium for quicker delivery (express delivery) and high-value goods. Thus, growing e-commerce sector is expected to propel growth of the market.
Key benefits of the report:
Questions answered in the CEP market research report:
Key Market Segments
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