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The Asia Pacific courier, express and parcel market (CEP) is currently witnessing moderate growth. Courier, express, and parcel, or CEP, refers to the service providers that deliver parcels and documents to various businesses, retails and government agencies through air, land, and waterways. These services deliver non-palletized packages that can weigh around a hundred pounds collectively across multiple locations. The emerging intra-regional trade in the Asia Pacific region combined with high GDP growth rates has led to the rising popularity of CEP services across the region.
The Asia Pacific CEP market is primarily driven by strong economic growth and increasing internet penetration. Besides this, rapid urbanization is prompting manufacturers to trade across the globe, creating a significant demand for CEP services. Additionally, the growing trend of cross-border purchases in the region, especially in Australia, Hong Kong, Singapore and New Zealand, is propelling the market growth. Furthermore, as on-time delivery plays a crucial role in the e-commerce industry, CEP services have gained prominence across the region. E-commerce stores partner with courier service providers to deliver their products across domestic and international locations. This is increasing the focus on value-added services such as mobile tracking of parcel and couriers, SMS and e-mail alerts, and other facilities. On account of these factors, the market is expected to continue its moderate growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific courier, express and parcel market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, service type, destination, type and end use sector.
Breakup by Service Type:
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Breakup by End Use Sector:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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