Courier Express and Parcel Market
Courier express and parcel or CEP services comprise of delivery of documents and parcels to various customers such as government agencies, retail customers, and business customers. The documents and parcels that they deliver are basically non-palletized goods, that generally weigh below 110 pounds.
There are several factors that are pushing the growth of the courier express and parcel market. These factors include failure of traditional postal companies in coping with changing responsiveness of customers for not being capable of offering faster services, and not being highly market-focused, growing demand for courier express and parcel from e-commerce, and increased internet penetration. Additional factors pushing market growth include rising disposable income, increased intra and inter-trade services, increase in business agreements between countries for enhancing product quality and offering better customer service, government initiatives about export-import regulations, and development of free-trade and economic zones. These services offer an array of benefits including parcel tracking system, cost-effective service, and safe delivery of the parcel, which again is pushing market growth.
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Market Segment by Top Companies, this report covers
Deutsche Post DHL Group
General Logistics Systems
Unique Air Express
One World Express
Tuffnells Parcels Express
The courier express and parcel market have been segmented on the basis of type and application.
Based on type, the courier express and parcel market is segmented into land transport and air transport.
Of these, the land transport segment will have the largest share in the market. This is owing to the fact that air transport facilities help in rapid delivery compared to other transport services that take more time in delivering goods. Besides, with regards to reliability, it makes a good impact in comparison to other forms of transport services.
Based on application, the courier express and parcel market is segmented into consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B). Of these, the B2B segment will dominate the market.
Based on the region, the courier express and parcel market covers the latest trends and growth opportunities across the Asia Pacific, Europe, North America, and the Middle East and Africa. Of these, the APAC region is predicted to dominate the market over the forecast period. This is owing to the growing urban population, rise in penetration of smartphones, an increase in the use of the internet, an increase in middle-class population, and the presence of e-commerce companies. Moreover, substantial focus on the development of organized retail, and burgeoning demand for CEP services are also boosting the market growth in the region. Japan, India, and China are the leading contributors in this region. This is owing to the economic growth of these countries and the need for retail products.
The courier express and parcel market in North America will have a notable growth over the forecast period. The US is the leading contributor in this region.
The courier express and parcel market in Europe is predicted to have healthy growth.
August 2019: POS Malaysia Bhd has joined hands with STO Express International Co Ltd for jointly exploring cross-border cooperation. Both these companies are leaders in courier, express & parcel in their own countries. This partnership will help in strengthening their positions with the exchange of technology and best practices to establish an end-to-end logistics platform for individual consumers and SMEs, thus offering international courier services with a one-stop solution platform.
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