Canada Courier, Express, and Parcel (CEP) Market

Canada Courier, Express, and Parcel (CEP) Market Overview:

The Canada courier, express, and parcel (CEP) market is projected to exhibit a growth rate (CAGR) of 4.60% during ​2024-2032​. The market is experiencing robust growth driven by the e-commerce boom, retail expansion with omnichannel strategies, coupled with evolving consumer preferences for fast, flexible, and reliable delivery services.

Canada Courier, Express, and Parcel (CEP) Market Trends:

E-commerce Boom and Digital Transformation

The rapid growth of e-commerce is a primary driver for the Canada CEP market. With increasing internet penetration and consumers’ preference for online shopping, the demand for quick and reliable delivery services has surged. Major e-commerce platforms and small online retailers alike depend on CEP providers to ensure timely delivery, which has led to a spike in parcel volumes. Moreover, digital transformation within the logistics sector is enhancing operational efficiency and customer satisfaction. Technologies such as automated sorting systems, advanced tracking solutions, and artificial intelligence (AI) for route optimization are streamlining processes and reducing delivery times. This digital shift meets the high expectations of e-commerce customers for fast and transparent service while helping CEP companies manage the increased workload more effectively.

Expansion of Retail and Omnichannel Strategies

Retail expansion and the adoption of omnichannel strategies are pivotal factors propelling the Canadian CEP market. Traditional brick-and-mortar retailers are increasingly embracing omnichannel retailing, integrating online and offline channels to provide a seamless shopping experience. This integration necessitates robust and flexible delivery solutions to manage inventory efficiently and meet customer demands for rapid and convenient delivery options, such as buy online, pick up in-store (BOPIS), and home delivery. The proliferation of same-day and next-day delivery services as part of retailers’ competitive strategies further accelerates the need for advanced CEP services. Additionally, the geographical expanse of Canada presents unique logistical challenges that CEP providers are addressing through strategic partnerships and network expansions. By enhancing their service offerings to support the evolving retail landscape, CEP companies are becoming crucial enablers of retail growth and customer satisfaction in Canada.

Urbanization and Consumer Behavior Changes

Urbanization and shifting consumer behaviors are significant drivers of the CEP market in Canada. As more people migrate to urban areas, the demand for efficient and swift delivery services in densely populated regions rises. Urban consumers exhibit a preference for convenience, driving the popularity of last-mile delivery services that ensure parcels reach customers quickly and reliably. Furthermore, the rise of the gig economy and flexible work arrangements are influencing delivery patterns, with a greater emphasis on personalized and on-demand delivery options. Consumers expect greater flexibility in delivery times and locations, prompting CEP companies to innovate with features like real-time tracking, delivery time slots, and contactless delivery options. These consumer behavior trends are pushing CEP providers to adapt and expand their capabilities, ensuring they can meet the growing expectations of urban populations and maintain a competitive edge in the dynamic Canadian market.

Canada Courier, Express, and Parcel (CEP) Market News:

• January 2024: Canada Post is transforming its IT model by transitioning Innovapost to Deloitte Canada. The agreement aims to enhance strategic focus, deliver world-class expertise, and provide the latest technologies needed to serve the changing needs of customers. The new CIO organization will retain strategic leadership, while Deloitte will deliver day-to-day IT operational services. This transformational transaction is expected to close in the coming months.
• January 2024: Canada Post is planning to sell its subsidiary, SCI. This group is a top third-party logistic provider in Canada and will be sold to Montreal's Metro Supply Chain. The sale aims to support Canada Post's aim to concentrate on delivering mail, packages, and parcels with reliability to Canadians. At the same time, this sale will strengthen Metro Supply Chain's status as a leader in the global supply chain industry from Canada. The selling proceedings started in 2023 after examining Canada Post's future strategic plan and still need official approval.
   

Canada Courier, Express, and Parcel (CEP) Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2024-2032​. Our report has categorized the market based on service type, destination, type and end-use sector.

Service Type Insights:

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

The report has provided a detailed breakup and analysis of the market based on the product. This includes B2B (business-to-business), B2C (business-to-consumer), and C2C (customer-to-customer).

Destination Insights:

• Domestic
• International
   

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes domestic and international.

Type Insights:

• Air
• Ship
• Subway
• Road
   

The report has provided a detailed breakup and analysis of the market based on the product. This includes air, ship, subway, and road.

End-Use Sector Insights:

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

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes services (BFSI- banking, financial services, and insurance), wholesale and retail trade (e-commerce), manufacturing, construction and utilities, and others.

Regional Insights:

• Ontario
• Quebec
• Alberta
• British Columbia
• Others
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Ontario, Quebec, Alberta, British Columbia, Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Canada Courier, Express, and Parcel (CEP) Market Report Coverage:

Key Questions Answered in This Report:

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

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Canada courier, express, and parcel (CEP) market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Canada courier, express, and parcel (CEP) market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Canada courier, express, and parcel (CEP) industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.