North America Courier, Express, and Parcel (CEP) Market- Growth, COVID-19 impact and Forecast (2021-2025)
North America Courier, Express, and Parcel (CEP) market are segmented by Service Type (B2C, B2B, C2C); Destination (Domestic and International); Type (Air, Ship, Subway, Road); End-user; Region (the US, Canada, and Mexico).
Introduction
Courier, express, and parcel, or CEP, refer to a collection of services that deliver goods and documents through the land, air, and waterways across various locations. CEP services operate on business-to-business (B2B), business-to-customer (B2C), and customer-to-customer (C2C) models and enhance the experience of delivering to the customers.
The evolution of technology is reshaping the entire supply chain and reinventing the parcel industry, along with the rising demand for e-commerce services is expected to fuel the market growth.
Despite the slowdown in international trade, the CEP shippers are increasingly squeezed after the integrators drove up charges on international traffic. But this condition is expected to get normalized from 2021 beginning.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6. Five Force analysis
7. Market Sizing
8. Market segmentation
9. Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10. Growth drivers
10.1 Increasing international trade volumes
10.2 Growing E-commerce sector
11. Key Market Trends
12. Impact of Covid-19
13. Challenges
14. Customer Insights analysis
15. Major Market Players
15.1 Amazon
15.2 Canada Post
15.3 DHL
15.4 FedEx
15.5 Estafeta
15.6 GLS
15.7 LaserShip
15.8 Dicom
15.9 Greyhound
15.10 LSO
16. Recent Developments
17. Future Scope
18. Strategic Recommendations
Market Overview
North America Courier, Express, and Parcel (CEP) market is expected to grow to $177.90 billion by 2025
Growth momentum is expected to accelerate during the forecast period with 6.48% CAGR
With the emergence of e-commerce, start-ups related to on-demand courier services are gaining popularity in this region.
The US accounts highest share in North America CEP market in 2020.
Key Trends
The increasing demand for integrated services coupled with growth for on-demand courier services is likely to provide opportunities for market growth.
The technological developments in CEP service solutions are also expected to drive the demand.
Key Market Players
Some of the key players in the market are Amazon, Canada Post, DHL, Estafeta, FedEx, GLS.
As the market is exhibiting a steady growth rate, the players are concentrating on factors such as technological advancements, become more digitized, and increase the scale and efficiency of their operations. This is mainly to retain their position in the competitive landscape.
Growth Drivers and Challenges
The growth in international trade volumes is one of the key driving factors for CEP market.
The growing E-commerce sector is also another factor that is driving the market demand.