The Courier, Express, And Parcel (CEP) Market is being driven by Rise in FTAs to drive investments in courier, express, and parcel markets in emerging economies
The Courier, Express, And Parcel (CEP) Market is expected to grow at a CAGR of 7.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 188.1 billion. The last-mile delivery segment within the Courier, Express, and Parcel (CEP) market is experiencing significant growth due to the increasing integration of innovative models with vendors. The instant delivery market is gaining prominence, leading to substantial investments in startups and venture firms, particularly in the food preparation and delivery sector. E-commerce players are introducing new delivery models, such as hub-and-spoke and last-mile delivery (LMD), to cater to diverse customer needs. The last-mile delivery model encompasses various delivery methods, including postal mail runs, crowd shipping, courier delivery, and delivery to lockers. These advancements are expected to fuel market expansion in the coming years.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
205 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.2% |
Market growth 2025-2029 |
USD 188.1 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
6.7 |
Key countries |
US, China, Germany, UK, Canada, Japan, France, India, South Korea, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Courier, Express, and Parcel (CEP) market caters to various sectors, including retail customers and government agencies, offering safe delivery options and parcel tracking facilities. International trade is a significant driver, with timely delivery of business and individual customers' parcel shipments, including critical items like medical supplies, legal documents, and perishable goods. E-commerce growth fuels the demand for immediate delivery solutions and same-day, next-day, and standard delivery services. Advanced technologies like automated sorting systems, last-mile delivery solutions, AI-driven logistics, parcel locker systems, and real-time tracking services streamline operations. Sustainability initiatives include electric delivery vehicles, carbon-neutral options, route optimization, and compliance with customs regulations in international parcel deliveries.
The Courier, Express, and Parcel (CEP) market encompasses revenue generated from providers of specialized logistics services, focusing on retail customers and government agencies. Key offerings include secure delivery options and parcel tracking facilities. International trade and internet-based services are significant growth drivers. Digital technologies and trade-related agreements facilitate fast delivery and global connectivity. Technavio's market analysis excludes casino and gaming, hotel, resorts, and cruise lines; leisure facilities; restaurants; and education services.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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