PUBLISHER: Allied Market Research | PRODUCT CODE: 1193347
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193347
The report incorporates the study of the global courier, express, and parcel (CEP) market, that focuses on the delivery of parcels and documents through the land, air, and waterways across various locations. The service provider operates on various business models, such as business-to-business (B2B), customer-to-customer (C2C), and business-to-customer (B2C) and offer value-added services, including express deliveries to retail consumers, government agencies, and business customers. At present, 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. Apart from this, the increasing utilization of advanced digital technologies by the CEP service providers, such as delivery lockers, autonomous vehicles, and drone deliveries, are bolstering the market growth. For instance, in June 2022, FedEx Corp. received its first 150 electric delivery vehicles from BrightDrop, the technology startup from General Motors (GM). The company plans to transform its entire parcel pickup and delivery (PUD) fleet to all-electric, zero tailpipe emissions by 2040 and comes just months after BrightDrop's commercialization of the Zevo600 as the fastest vehicle to market in GM's history.
Growth of e-commerce industry, advancement in trade-related agreements, and optimized demand for the fast delivery of packages supplement the growth of the courier, express, and parcel market. However, lack of proper infrastructure & increased cost of logistics and uneven control of manufacturers on logistics services are the factors that are expected to hamper the growth of the courier, express, and parcel market. In addition, technological developments in delivery services and inclusion of last-mile deliveries coupled with logistics automation create numerous opportunities for the growth of courier, express, and parcel market.
For the purpose of analysis, the global courier, express, and parcel market is segmented on the basis of business, destination, end-user, mode of transportation, and region. By business, the market is divided into B2B, B2C, and C2C. By destination, it is fragmented into domestic and international. By end-user, it is categorized into services, wholesale & retail trade, manufacturing, construction & utilities, and primary industries. By mode of transportation, it is further classified into railways, airways, roadways, and waterways. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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.
Key Benefits For Stakeholders
By Business
By Destination
By End User
By Mode of Transportation
By Region