Asia Pacific Courier, Express, and Parcel Market Introduction and Overview
According to SPER Market Research, the Asia Pacific Courier, Express, and Parcel Market is estimated to reach USD 415.59 billion by 2033 with a CAGR 7.18%.
The report includes an in-depth analysis of the Asia Pacific Courier, Express, and Parcel Market, including market size and trends, product mix, distribution channels, and supplier analysis. The term "courier, express, and parcel," or "CEP," describes the service providers who use air, land, and sea to carry packages and papers to different companies, retailers, and governmental organizations. These services transport non-palletized goods up to 100 pounds in total between several destinations.
- In June 2023, China Post introduced the country's first "Robot Plus" AI delivery system, which is integrated for both inside and outdoor use. By building an integrated interior and outdoor unmanned distribution mode and creating a last-mile logistics network with AI transport capacity sharing, the intelligent delivery system combines unmanned vehicles outside with robots inside.
- In April 2023, China Post and Ping An Bank Co. Ltd.'s Automobile Consumption Financial Center opened an intelligent archives service center in Guangdong to encourage the integration of express, logistics, and vehicle finance services.
Market Opportunities and Challenges
Opportunities: Strong economic growth and rising internet penetration are the main factors driving the Asia Pacific CEP market. In addition, manufacturers are being compelled to trade internationally due to rising urbanization, which is driving up demand for CEP services. Further driving the market's expansion is the region's expanding trend of cross-border transactions, particularly in Australia, Hong Kong, Singapore, and New Zealand. Furthermore, CEP services are becoming more and more well-known in the area because timely delivery is vital in the e-commerce sector. To transport their goods both domestically and internationally, e-commerce businesses collaborate with courier services. As a result, value-added services like SMS and email alerts, mobile parcel and courier monitoring, and other amenities are receiving more attention. One of the key drivers of the CEP market's growth is e-commerce. With more than USD 356 billion in sales, the fashion sector in Asia led the e-commerce industry. The fashion industry is estimated to generate USD 582 billion in sales by 2024 due to rising e-commerce and increasing demand, which is expected to fuel the CEP market demand.
Challenges: The Asia Pacific courier, express, and parcel (CEP) sector is seeing rapid growth and is experiencing a number of notable problems. The improvement of infrastructure is one of the main obstacles. Modern transportation and logistics infrastructure are constantly needed to enable effective delivery networks as the area gets more urbanized and economically developed. Complicating matters is the regulatory environment. The varied regulatory environments found in the Asia-Pacific region may provide challenges to CEP enterprises' ability to conduct business as usual. Operations become increasingly complex and expensive as a result of navigating changing import/export limitations, customs laws, and license requirements.
Market Competitive Landscape
The courier, express, and parcel (CEP) market in Asia Pacific is fragmented, with the top five businesses holding a 33.73% share. The market leaders in this sector include SF Express (KEX-SF), Yamato Holdings, DHL Group, China Post, and YTO Express.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Service, By Transport, By End Use
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| Regions covered | Australia, China, India, Japan, South Korea, Rest of Asia-Pacific
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| Companies Covered | 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
|
COVID-19 Impact on Asia Pacific Courier, Express, and Parcel Market
Government limitations on the supply of non-essential commodities during the COVID-19 delivery shutdown caused significant challenges for the global CEP industry, resulting in a 50% reduction in revenue compared to pre-pandemic levels. The growing need from hospitals for heavy machinery, pharmaceuticals, and healthcare equipment presented a number of opportunities for the CEP industry. The COVID-19 immunization process necessitates timely delivery and a strong supply chain network, giving CEP market participants a number of options. Online sales have increased as a result of the epidemic, contributing to the rise of the CEP sector.
Key Target Audience:
- Retail and E-commerce Companies
- Manufacturing Industries
- Automotive Sector
- Healthcare and Pharmaceutical Companies
- Food and Beverage Sector
- High-Tech and Electronics Industries
- Government and Defense
- Energy and Chemicals
Our in-depth analysis of the Asia Pacific Courier, Express, and Parcel Market includes the following segments:
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By Service Type
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B2B (Business-to-Business)
7B2C (Business-to-Consumer)
C2C (Customer-to-Customer)
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By Destination
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Domestic
International
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By Type
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Air
Ship
Subway
Road
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By End Use
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Services (BFSI- Banking, Financial Services and Insurance)
Wholesale and Retail Trade (E-commerce)
Manufacturing, Construction and Utilities
Others
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Key Topics Covered in the Report:
- Asia Pacific Courier, Express, and Parcel Market Size (FY’2024-FY’2033)
- Overview of Asia Pacific Courier, Express, and Parcel Market
- Segmentation of Asia Pacific Courier, Express, and Parcel Market By Service Type (B2B, B2C, C2C)
- Segmentation of Asia Pacific Courier, Express, and Parcel Market By Destination (Domestic, International)
- Segmentation of Asia Pacific Courier, Express, and Parcel Market By Type (Air, Ship, Subway, Road)
- Segmentation of Asia Pacific Courier, Express, and Parcel Market By End Use {Services (BFSI- Banking, Financial Services and Insurance), Wholesale and Retail Trade (E-commerce), Manufacturing, Construction and Utilities, Others)}
- Expansion Analysis of Asia Pacific Courier, Express, and Parcel Market
- Problems and Obstacles in Asia Pacific Courier, Express, and Parcel Market
- Competitive Landscape in the Asia Pacific Courier, Express, and Parcel Market
- Impact of COVID-19 and Demonetization on Asia Pacific Courier, Express, and Parcel Market
- Details on Current Investment in Asia Pacific Courier, Express, and Parcel Market
- Competitive Analysis of Asia Pacific Courier, Express, and Parcel Market
- Prominent Players in the Asia Pacific Courier, Express, and Parcel Market
- SWOT Analysis of Asia Pacific Courier, Express, and Parcel Market
- Asia Pacific Courier, Express, and Parcel Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Asia Pacific Courier, Express, and Parcel Market
5. Market variable and outlook
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
6. Competitive Landscape
6.1. Asia Pacific Courier, Express, and Parcel Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia Pacific Courier, Express, and Parcel Market
7. Asia Pacific Courier, Express, and Parcel Market, By Service Type (USD Million) 2020-2033
7.1. Asia Pacific Courier, Express, and Parcel Market Size, Share and Forecast, By Service Type, 2020-2026
7.2. Asia Pacific Courier, Express, and Parcel Market Size, Share and Forecast, By Service Type, 2027-2033
7.3. B2B (Business-to-Business)
7.4. B2C (Business-to-Consumer)
7.5. C2C (Customer-to-Customer)
8. Asia Pacific Courier, Express, and Parcel Market, By Destination (USD Million) 2020-2033
8.1. Asia Pacific Courier, Express, and Parcel Market Size, Share and Forecast, By Destination, 2020-2026
8.2. Asia Pacific Courier, Express, and Parcel Market Size, Share and Forecast, By Destination, 2027-2033
8.3. Domestic
8.4. International
9. Asia Pacific Courier, Express, and Parcel Market, By Type (USD Million) 2020-2033
9.1. Asia Pacific Courier, Express, and Parcel Market Size, Share and Forecast, By Type, 2020-2026
9.2. Asia Pacific Courier, Express, and Parcel Market Size, Share and Forecast, By Type, 2027-2033
9.3. Air
9.4. Ship
9.5. Subway
9.6. Road
10. Asia Pacific Courier, Express, and Parcel Market, By End Use (USD Million) 2020-2033
10.1. Asia Pacific Courier, Express, and Parcel Market Size, Share and Forecast, By Type, 2020-2026
10.2. Asia Pacific Courier, Express, and Parcel Market Size, Share and Forecast, By Type, 2027-2033
10.3. Services (BFSI- Banking, Financial Services and Insurance)
10.4. Wholesale and Retail Trade (E-commerce)
10.5. Manufacturing, Construction and Utilities
10.6. Others
11. Asia Pacific Courier, Express, and Parcel Market Forecast, 2020-2033 (USD Million)
11.1. Asia Pacific Courier, Express, and Parcel Market Size and Market Share
12. Asia Pacific Courier, Express, and Parcel Market, By Region, 2020-2033 (USD Million)
12.1. Asia Pacific Courier, Express, and Parcel Market Size and Market Share By Region (2020-2026)
12.2. Asia Pacific Courier, Express, and Parcel Market Size and Market Share By Region (2027-2033)
12.3. Australia
12.4. China
12.5. India
12.6. Japan
12.7. South Korea
12.8. Rest of Asia-Pacific
13. Company Profile
13.1. Blue Dart Express
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. China Post
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. CJ Logistics Corporation
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. DHL Group
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. DTDC Express Limited
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. FedEx
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. JWD Group
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. SF Express (KEX-SF)
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. SG Holdings Co., Ltd.
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Toll Group
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Yamato Holdings
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
14. Conclusion
15. Reference Links
16. List of Abbreviations