Latest News- Courier, Express, And Parcel (CEP) Market: B2B is expected to lead the Consumer segment during 2025-2029

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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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Consumer
  • B2B
  • B2C
  • C2C
• Delivery
  • International
  • Domestic
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rise in FTAs to drive investments in courier, express, and parcel markets in emerging economies
• Growing fast-moving consumer goods (FMCG) contract manufacturing in emerging markets
• Adoption of new technologies in courier, express, and parcel supply chain network systems

However, the market also witnesses some limitations, which are as follows:

• Increasing threat from sharing-based business models
• Lack of supply chain visibility affecting vendor-customer relationship
• Growth of on-demand delivery services

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Market Scope in Courier, Express, And Parcel (CEP) Market Research Report

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Research Analysis Overview

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.

Market Research Overview

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
Jesse Maida
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