The latest report by IMARC Group, titled “Europe Courier, Express and Parcel (CEP) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the Europe courier, express and parcel (CEP) share. The 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, or CEP, is a vital segment of the logistics and transportation industry. It includes swift and efficient delivery of packages, parcels, and documents from one location to another. CEP services are developed to meet the ever-increasing demand for rapid and reliable delivery, catering to business-to-business (B2B) and business-to-consumer (B2C) needs. It can provide timely and secure shipments, making it an indispensable part of modern commerce, which is facilitating e-commerce growth, international trade, and the overall movement of goods, making it an essential component of the European business market. Nowadays, courier express, and parcel (CEP) is gaining immense traction across the region.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/europe-courier-express-parcel-market/requestsample
Europe Courier, Express and Parcel (CEP) Market Trends and Drivers:
The European Courier Express and Parcel market is primarily driven by the significant expansion in the e-commerce sector. In addition, consumers are turning to online shopping, which is escalating the demand for efficient and timely parcel deliveries, influencing the market growth. Also, businesses are adapting to this trend by optimizing their supply chain and partnering with CEP providers to ensure seamless last-mile delivery services, which is augmenting the market growth. Moreover, several technological innovations are reshaping the market, allowing businesses to embrace automation, artificial intelligence, and data analytics to optimize their operations, representing another major growth-inducing factor. Along with this, route optimization software, real-time tracking, and predictive analytics are enhancing efficiency and customer experience, further propelling the market growth. Additionally, the adoption of blockchain technology is improving transparency and security in parcel tracking and delivery confirmation. Besides this, the implementation of several government policies and regulatory changes, including customs regulations and data privacy laws, requires a proactive approach and the ability to adapt swiftly to new requirements, accelerating market growth. Apart from this, consumers are expecting faster delivery options and same-day and on-demand delivery services, especially in urban areas, contributing to the market growth. Furthermore, businesses are investing in regional distribution centers and last-mile delivery solutions to meet these demands, which is relevant for perishable goods and time-sensitive deliveries, creating a positive market outlook.
Report Segmentation:
The report has segmented the market into the following categories:
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
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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