Courier, Express, and Parcel (CEP) Market Outlook 2027 -

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.

Market scope and structure analysis:

COVID-19 scenario Analysis:

• The CEP industry across the globe has been severely affected due to government restrictions on deliveries of non-essential goods during the COVID-19 lockdown on delivery, which has impacted the CEP market share and reduced the revenue to half of what it was before the pandemic.
• Increase in demand for health care equipment, medicines, and heavy machines in hospitals have opened multiple opportunities for the delivery service sector.
• The COVID-19 vaccination process requires on time express delivery and requirement of good supply chain network, which presents ample opportunities for players operating in the Courier, Express, and Parcel (CEP) industry.
• The pandemic has impacted every sector. However, the pandemic has accelerated online purchasing, which directly impacts growth of the CEP industry in a positive way and has increased its market share.

Top impacting factors: market scenario analysis, trends, drivers, and impact 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.

Growth in the e-commerce sector

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 segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the courier, express, and parcel industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with challenges of the courier, express, and parcel (CEP) market.
• The current market is quantitatively analyzed from 2019 to 2027 to highlight the courier, express, and parcel market growth scenario.
• The report provides a detailed courier, express, and parcel market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the CEP market research report:

• Which are the leading market players active in the courier, express, and parcel market?
• What would be the detailed impact of COVID-19 on the market?
• What current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the courier, express, and parcel market?
• What are the projections for the future that would help in taking further strategic steps?