Courier, Express, and Parcel (CEP) Market Forecasted to Surge to $749 Billion by 2031 | AMR
WILMINGTON, NEW CASTLE, DE, UNITED STATES, November 5, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, โCourier, Express, and Parcel (CEP) Market," The courier, express, and parcel (cep) market was valued at $407.7 billion in 2021, and is estimated to reach $749 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031.
The concept of courier, express, and parcel is typically attributed to the service that offers logistic services in specific areas. The offer of the service providers differs in the speed, weight, and volume of the packages and the way of carrying out the shipment of the goods. Moreover, the operators provide variety of value-added services to improvise the delivery experience for the user. The express deliveries are mainly time-bounded through which different high value consignments are delivered in a few days or at a pre agreed date and time.
๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/A11516
Major economies such as India, China, the U.S., and Germany, among others observed an increase in demand for courier, express, and parcel services as the COVID-19 pandemic changed the consumer spending habits. Moreover, increase in investments and adoption of IT-enabled technology within courier, express, and parcel industry influences adoption of this services. For instance, DHL Express forecasts continuous growth in express transport in France of around 8% p/a for the period 2021 to 2025. In addition, in September 2020, DHL Express announced investments of $200 million (โฌ170 million) in its new hub at Paris Charles de Gaulle Airport in October 2021.
In addition, the courier, express, and parcel industry has witnessed significant growth in recent years, owing to increase in international trade across regions and rise in internet-based services and growing number of smartphones among users. For instance, in 2019, Nepal and China signed the Protocol on Implementing Agreement on Transit and Transport along with 6 other agreements to enable Nepal to access Chinese sea and land ports. China has agreed to let Nepal use Tianjin, Shenzhen, Lianyungang, and Zhanjiang open seaports; and Lanzhou, Lhasa, and Xigatse dry ports for trading with other countries. Furthermore, the companies operating in the courier, express, and parcel market have adopted partnerships, investments, and product launches to increase their market share and expand their geographical presence. For instance, in February 2020, United Parcel Service, Inc. (UPS) launched express service known as UPS Express Plus in the high business density areas of Moscow and St. Petersburg for all Russian origin cities from Kaliningrad to Vladivostok to offer a wider range of options to meet e-commerce customers.
Moreover, the continuous enhancement of the e-commerce industry, increase in trade-related agreements, and growth in demand for the fast delivery of packages drives the courier, express, and parcel market towards a positive growth in the current scenario. However, the factors such as improper infrastructure & increased logistics costs and uncontrolled nature of logistics services are the factors that hinders the growth of the market across the globe. In addition, continuous developments in delivery services and emergence of last-mile deliveries coupled with logistics automation creates numerous opportunities for the key players to develop effective strategies which supplements the growth of the market during the forecast period.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/courier-express-and-parcel-market/purchase-options
๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ :
Courier, express, and parcel firms, involved in the movement, shipping, storage, and flow of goods, have been directly impacted by the COVID-19 pandemic. Therefore, the supply chain disturbance formed by COVID-19 impacted the competitiveness, economic growth, and jobs lost in the courier, express, and parcel industry. For instance, according to an International Finance Corporation (IFC) report, total container volumes handled at Chinese ports dropped by 10.1% in the first few months of 2020.
According to Abhay Singh, Lead Analyst, Automotive & Transportation at Allied Market Research, the Courier, Express, and Parcel market is estimated to grow at a CAGR of 6.3% from 2022 to 2031, owing to the growing demand for faster delivery of courier & parcel across the globe. In addition, the key players operating in the industry have adopted faster means of transportation which creates a booster for the growth of the market across the globe. By business, the B2B segment dominated the global courier, express, and parcel market in 2021, in terms of revenue. By destination, the domestic segment dominated the global courier, express, and parcel market in 2021, in terms of revenue. By end-user, the services segment dominated the global courier, express, and parcel market in 2021, in terms of revenue. By mode of transportation, the roadways segment dominated the global courier, express, and parcel market in 2021, in terms of revenue. Presently, Asia-Pacific is the highest revenue contributor and expected to lead the market during the forecast period, followed by North America.โ
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ :
By business, the B2C segment is projected to dominate the global courier, express, and parcel market in terms of growth rate.
By destination, the international segment is projected to dominate the global courier, express, and parcel market in terms of growth rate.
By end-user, the wholesale & retail segment is projected to dominate the global courier, express, and parcel market in terms of growth rate.
By destination, the airways segment is projected to dominate the global courier, express, and parcel market in terms of growth rate.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A11516
The key players operating in the courier, express, and parcel market are Aramex, Deutsche Post AG, 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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๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. 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. 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.
The concept of courier, express, and parcel is typically attributed to the service that offers logistic services in specific areas. The offer of the service providers differs in the speed, weight, and volume of the packages and the way of carrying out the shipment of the goods. Moreover, the operators provide variety of value-added services to improvise the delivery experience for the user. The express deliveries are mainly time-bounded through which different high value consignments are delivered in a few days or at a pre agreed date and time.
๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/A11516
Major economies such as India, China, the U.S., and Germany, among others observed an increase in demand for courier, express, and parcel services as the COVID-19 pandemic changed the consumer spending habits. Moreover, increase in investments and adoption of IT-enabled technology within courier, express, and parcel industry influences adoption of this services. For instance, DHL Express forecasts continuous growth in express transport in France of around 8% p/a for the period 2021 to 2025. In addition, in September 2020, DHL Express announced investments of $200 million (โฌ170 million) in its new hub at Paris Charles de Gaulle Airport in October 2021.
In addition, the courier, express, and parcel industry has witnessed significant growth in recent years, owing to increase in international trade across regions and rise in internet-based services and growing number of smartphones among users. For instance, in 2019, Nepal and China signed the Protocol on Implementing Agreement on Transit and Transport along with 6 other agreements to enable Nepal to access Chinese sea and land ports. China has agreed to let Nepal use Tianjin, Shenzhen, Lianyungang, and Zhanjiang open seaports; and Lanzhou, Lhasa, and Xigatse dry ports for trading with other countries. Furthermore, the companies operating in the courier, express, and parcel market have adopted partnerships, investments, and product launches to increase their market share and expand their geographical presence. For instance, in February 2020, United Parcel Service, Inc. (UPS) launched express service known as UPS Express Plus in the high business density areas of Moscow and St. Petersburg for all Russian origin cities from Kaliningrad to Vladivostok to offer a wider range of options to meet e-commerce customers.
Moreover, the continuous enhancement of the e-commerce industry, increase in trade-related agreements, and growth in demand for the fast delivery of packages drives the courier, express, and parcel market towards a positive growth in the current scenario. However, the factors such as improper infrastructure & increased logistics costs and uncontrolled nature of logistics services are the factors that hinders the growth of the market across the globe. In addition, continuous developments in delivery services and emergence of last-mile deliveries coupled with logistics automation creates numerous opportunities for the key players to develop effective strategies which supplements the growth of the market during the forecast period.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/courier-express-and-parcel-market/purchase-options
๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ :
Courier, express, and parcel firms, involved in the movement, shipping, storage, and flow of goods, have been directly impacted by the COVID-19 pandemic. Therefore, the supply chain disturbance formed by COVID-19 impacted the competitiveness, economic growth, and jobs lost in the courier, express, and parcel industry. For instance, according to an International Finance Corporation (IFC) report, total container volumes handled at Chinese ports dropped by 10.1% in the first few months of 2020.
According to Abhay Singh, Lead Analyst, Automotive & Transportation at Allied Market Research, the Courier, Express, and Parcel market is estimated to grow at a CAGR of 6.3% from 2022 to 2031, owing to the growing demand for faster delivery of courier & parcel across the globe. In addition, the key players operating in the industry have adopted faster means of transportation which creates a booster for the growth of the market across the globe. By business, the B2B segment dominated the global courier, express, and parcel market in 2021, in terms of revenue. By destination, the domestic segment dominated the global courier, express, and parcel market in 2021, in terms of revenue. By end-user, the services segment dominated the global courier, express, and parcel market in 2021, in terms of revenue. By mode of transportation, the roadways segment dominated the global courier, express, and parcel market in 2021, in terms of revenue. Presently, Asia-Pacific is the highest revenue contributor and expected to lead the market during the forecast period, followed by North America.โ
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ :
By business, the B2C segment is projected to dominate the global courier, express, and parcel market in terms of growth rate.
By destination, the international segment is projected to dominate the global courier, express, and parcel market in terms of growth rate.
By end-user, the wholesale & retail segment is projected to dominate the global courier, express, and parcel market in terms of growth rate.
By destination, the airways segment is projected to dominate the global courier, express, and parcel market in terms of growth rate.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A11516
The key players operating in the courier, express, and parcel market are Aramex, Deutsche Post AG, 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.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
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https://www.alliedmarketresearch.com/v2x-cybersecurity-market-A12289
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https://www.alliedmarketresearch.com/blind-spot-detection-bsd-system-market-A09108
Airside Services Market
https://www.alliedmarketresearch.com/airside-services-market
Electric Commercial Vehicle Market
https://www.alliedmarketresearch.com/electric-commercial-vehicle-market-A31875
Portable EV Charger Market
https://www.alliedmarketresearch.com/portable-ev-charger-market-A47223
๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. 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. 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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Allied Market Research
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