PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1440225
PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1440225
The Spain Courier, Express, and Parcel Market size is estimated at USD 6.46 billion in 2024, and is expected to reach USD 9.96 billion by 2029, growing at a CAGR of 9.05% during the forecast period (2024-2029).
With internet retail growth forecasts to continue, the CEP market is anticipated to create further opportunities for the key market players to expand their cross boarder and last-mile deliveries.
With the expanding internet-based sales, the B2C segment has started to occupy a considerable share of the market during the study period, and this trend is anticipated to grab a larger share during the forecast period owing to the highest customer base it addresses. The B2B segment has also been growing but at a limited pace and is forecasted to continue at the same pace during the forecast period. The internationalization of e-commerce is anticipated to drive domestic and international standard volume transactions with the strengthening of cross-border deliveries, which have been registering a growing number of transactions with the neighboring countries.
Spain had a fleet of 267,617 "heavy" trucks as of the first of the year 2022, with a GVWR over 3.5 tonnes. Between 1 January 2015 and 1 January 2022, this indicates an overall increase of 28%.
Approximately 1.2 billion parcels were delivered in the courier, express, and parcel (CEP) market in Spain in 2021. By that year, the volume of the market had more than doubled since 2016.
E-commerce in Spain surpassed the sum of EUR15,600 million (USD 16403785489) during the first quarter of 2022, according to statistics from the Spanish government. This figure shows the highest year-over-year growth since Covid's arrival, as well as a billing increase of 25.3% over the same time in 2021.
Spain is regarded as the fourth biggest e-commerce market in the EU, after Germany, France, and Italy, with more than 26 million internet users. Spain has the largest proportion of online purchases from non-EU nations among these four nations. With an emphasis on trade with China, we will discuss Spain's potential in cross-border e-commerce in this article.
Additionally, favorable transactions were completed in the first quarter of 2022. 312.8 million transactions were made, an 8.2% increase from the prior year. It becomes clear that eateries (7.3% of total transactions) are at the top of the list for both purchases and sales when the transactions are broken down by economic sector. Gambling and wagering (7.2%) and clothing (6.1%) came in close succession.
The Spain Courier, Express, and Parcel (CEP) market is highly consolidated, with the top three companies occupying a major share of the market. With the growing demand for CEP services in the country, companies are becoming more competitive to capture the huge opportunity.
The Spain courier, express, and parcel (CEP) market is a fragmented market, with several large companies strategically forming alliances with mid-sized or small-sized companies to leverage their regional capabilities in the Spain courier, express, and parcel (CEP) market. Major regional players have been observed to venture into new regions, allowing the companies to improve their geographic reach. New competitors are entering the Spain courier, express, and parcel (CEP) market with customized and industry-specific services. Some of the major players in the market include Sociedad Estatal de Correos y Telegrafos SA (Correos), SEUR, DHL, UPS, FedEx, etc.