Courier, express, and parcel delivery (CEP) services deliver goods and papers to a diverse range of clients, including corporations, government agencies, and retail locations. It comprises transporting various goods and products across geographical boundaries using a range of mediums, such as land, sea, and air. When delivering non-palletized parcels, the service provider charges a fee based on the weight and urgency of the shipment. Courier, express, and parcel (CEP) service providers are increasingly popular around the world because to their low cost, safe delivery options, and package tracking services.
Asia Pacific Courier, Express, and Parcel Market Driving Factors and Challenges
Drivers: The new Regional Action Programme (RAP) for the area tackles concerns such as growing passenger and freight volumes and reflecting the growing need for mobility and freight transit. Nine of the busiest container ports in the world are located in the Asia-Pacific area, which accounts for two thirds of all seaborne trade worldwide. Over 40% of the world's surface freight transport flows originate from this region, and by 2050, the region's freight transport demand is expected to increase.
Furthermore, the parcel, courier, and express businesses have grown remarkably in the last few years. The expanding E-commerce industry is one of the main factors driving market expansion. The e-commerce sector has recently increased the variety of business options available for the movement of commodities and goods. Because of the rise in cross-border trade, internet-based services, and the rising number of smartphone users, the courier, express, and parcel (CEP) market is expected to grow primarily in emerging nations.
Challenges: There are logistical challenges due to the region's large geographic area and varied infrastructural development. For CEP providers, efficiently traversing diverse terrains and establishing connections with isolated places continues to be a logistical problem. Second, operational obstacles are brought about by the regulatory complications across the Asia-Pacific region's nations. These challenges range from differing trade policies to customs rules, adding layers of administrative burden and perhaps causing delays. Thirdly, in order to preserve service standards and increase market share, fierce rivalry from both domestic and foreign competitors demands constant innovation and technological investment.
Impact of COVID-19 on Asia Pacific Courier, Express, and Parcel Market
The international CEP industry faced major hurdles due to government restrictions on the supply of non-essential items during the COVID-19 delivery stoppage, which resulted in a 50% loss in revenue compared to pre-pandemic levels. Hospitals' increasing demand for heavy equipment, drugs, and medical supplies created a lot of opportunity for the CEP sector. A robust supply chain network and prompt delivery are essential for the COVID-19 vaccination procedure, providing CEP market participants with a variety of choices. The epidemic has led to a boom in online commerce, which has aided in the growth of the CEP industry.
Asia Pacific Courier, Express, and Parcel Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Blue Dart Express, China Post, CJ Logistics Corporation, DHL Group, DTDC Express Limited, FedEx, JWD Group, SF Express (KEX-SF), SG Holdings Co., Ltd., Toll Group, Yamato Holdings.
Asia Pacific Courier, Express, and Parcel Market Segmentation:
By Service Type: Based on the Service Type, Asia Pacific Courier, Express, and Parcel Market is segmented as; B2B, B2C, C2C.
By Destination: Based on the Destination, Asia Pacific Courier, Express, and Parcel Market is segmented as; Domestic, International.
By Type: Based on the Type, Asia Pacific Courier, Express, and Parcel Market is segmented as; Air, Ship, Subway, Road.
By End Use: Based on the End Use, Asia Pacific Courier, Express, and Parcel Market is segmented as; Services (BFSI- Banking, Financial Services and Insurance), Wholesale and Retail Trade (E-commerce), Manufacturing, Construction and Utilities, Others.
By Region: This research also includes data for Australia, India, South Korea, Japan, Rest of Asia-Pacific.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.