Europe Courier, Express and Parcel (CEP) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Europe Courier, Express and Parcel (CEP) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112024A3153
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Market Overview:

The Europe courier, express and parcel (CEP) market size reached US$ 89.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 107.0 Billion by 2028, exhibiting a growth rate (CAGR) of 2.9% during 2023-2028.

Courier, express, and parcel (CEP) is a collection of services that include delivering parcels and documents to businesses, retails and government agencies. The packages delivered by CEP are non-palletized and weigh around a hundred pounds and are distributed through air, land, and waterways across multiple locations. CEP providers offer a safe and cost-effective parcel delivery tracking system that enhances the delivery process. It operates on business-to-business (B2B), business-to-customer (B2C), and customer-to-customer (C2C) models. In the last few years, the CEP industry has undergone a rapid transformation due to constant innovations and advancements in online retail and the growing number of large retail and departmental stores across Europe.

The Europe CEP market is primarily driven by the growing e-commerce sector. Besides this, Europe has advanced manufacturing across several sectors, such as construction machinery, automotive, oil equipment, mining equipment, and retail consumer market, which is contributing to the growth of the market. Additionally, the growing demand for express delivery services in the medical and healthcare sectors has increased the use of CEP services. Furthermore, various crowd-sourced delivery companies, such as Nimber have emerged across Europe due to the expanding e-commerce sector. Moreover, the utilization of GPS, biometrics, online tracking, drone delivery, and driverless vehicles is positively impacting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe courier, express and parcel (CEP) 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:

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
     

Competitive Landscape:

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

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Service Type, Destination, Type, End Use Sector, Country
Countries Covered Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option

Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The Europe Courier, Express and Parcel (CEP) market was valued at US$ 89.6 Billion in 2022.

We expect the Europe Courier, Express and Parcel (CEP) market to exhibit a CAGR of 2.9% during 2023-2028.

The growing integration of various digital technologies with the crowdsourced delivery models to enhance operational efficiency and cater to the requirements of the customers effectively is primarily driving the Europe courier, express and parcel market.

The sudden outbreak of the COVID-19 pandemic has led to the rising demand for courier, express and parcel services, with the shifting consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of various goods and products across several European nations.

Based on the service type, the Europe Courier, Express and Parcel (CEP) market has been segregated into B2B (Business-to-Business), B2C (Business-to-Consumer), and C2C (Customer-to-Customer). Among these, B2B (Business-to-Business) currently holds the largest market share.

Based on the end user, the Europe Courier, Express and Parcel (CEP) market can be bifurcated into domestic and international. Currently, domestic exhibits a clear dominance in the market.

On a regional level, the market has been classified into Germany, France, United Kingdom, Italy, Spain, and others, where United Kingdom currently dominates the Europe Courier, Express and Parcel (CEP) market.

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Europe Courier, Express and Parcel (CEP) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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