Asia Pacific Courier, Express and Parcel Market

Market Overview:

The Asia Pacific courier, express and parcel (CEP) market size reached US$ 172.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 243.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028. 

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.

Key Market Segmentation:

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 at the regional and country level from 2023-2028. Our report has categorized the market based on service type, destination, type and end use sector.

Breakup by Service Type:

• B2B (Business-to-Business)
• B2C (Business-to-Consumer)
• C2C (Customer-to-Customer)
   

Breakup by Destination:

• Domestic
• International
   

Breakup by Type:

• Air
• Ship
• Subway
• Road
   

Breakup by End Use Sector:

• Services (BFSI- Banking, Financial Services and Insurance)
• Wholesale and Retail Trade (E-commerce)
• Manufacturing, Construction and Utilities
• Others
   

Breakup by Country:

• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the Asia Pacific courier, express and parcel market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Asia Pacific courier, express and parcel market?
• What are the key regional markets?
• What is the breakup of the market based on the service type?
• What is the breakup of the market based on the destination?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the end use sector?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Asia Pacific courier, express and parcel market and who are the key players?
• What is the degree of competition in the industry?