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)
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